Phase 2 of On-Demand officially arrives today. Goodbye, Travis.
An onslaught by San Francisco-based Lyft, is taking its toll, with Uber’s US market share dropping from 84 per cent at the beginning of this year to 77 per cent at the end of May, according to data from Second Measure, a research firm that uses anonymised credit card data.
In an interview, Ms. Huffington, 66, said: “Knowing how to deal with crises without being overwhelmed — keeping one’s head while people all around are losing theirs — is the most important leadership quality. In times of crisis, people often overreact and move into very dark places where they have a hard time seeing their way out.”
For decades, David Bonderman, the co-founder of private equity firm TPG, was known as the irreverent enfant terrible of the financial industry, one who took delight in making caustic remarks. But this week, he delivered a quip that crossed a line, costing him his role on the board of Uber and creating an embarrassing distraction for the ride-hailing group.
This is a stunning and counter-intuitive move by Amazon to place its brand in local neighborhoods. Look to Amazon Fresh and Whole Foods to proliferate like, well, Starbucks. Smaller stores augmented by high-end produce, organics, and impulse purchases. It also makes shopping a local task, so perhaps the next acquisition could be Instacart.
The $13.7 billion deal brings to a head a years-long battle brewing between Amazon, the online darling, and traditional retail powerhouses likes Walmart. And it shakes up a U.S. grocery industry that has been struggling to keep up with growing competition, both in stores and online. Amazon, which for years has been testing new technology and innovations in quiet corners, would now have a network of physical locations to test and implement those ideas.
“The brand recognition of Lyft is increasing, and has increased a lot in the last 12 months,” says Susan Shaheen, who researchers ridesharing at UC Berkeley’s Transportation Research Center. Both the public and policymakers now know the company’s name, she says.
That’s all great, but Lyft has an eye on a bigger prize: a lead in the race to build and deploy autonomous cars. Like Kalanick, Lyft founder John Zimmer recognizes that self-driving capabilities are vital to the future of ridesharing companies.
There’s a lot at stake. Ride-sharing, as an industry and a civic utility, is too big an idea to be left to a company like the one Uber is now. The company that wins this industry is bound to become one of the world’s most powerful corporations. Its executives and culture will indirectly shape how we build cities, how we use energy, how we employ and pay people. We will entrust it with the safety and the security of our families, our streets, our private data and even, conceivably, the nation.
The depth of the problems at Uber has not been plumbed if a board member, albeit one closely aligned with the source of the problem, Travis Kalanick, can speak this way at a company meeting. Completely tone deaf.
My Uber selling price prediction: $18 Billion in the next four to six months or, if they hold out and burn more of the cash, far less.
David Bonderman, an Uber board member and partner at private equity firm TPG, resigned from the board of the ride-hailing company after he made a disparaging remark about women at an Uber meeting on Tuesday.
“It’s hard to put a timeline on this — it may be shorter or longer than we might expect,” Kalanick wrote in a company-wide memo. “Tragically losing a loved one has been difficult for me and I need to properly say my goodbyes.”
UK energy giant Centrica has signalled its entrance into the on-demand economy with the UK-wide launch of its Local Heroes platform and sees the organisation squaring up to rival Homeserve in the process. The British Gas owner’s new platform claims to handle the customer journey, from hunting for a relevant tradesperson to giving them a price estimate right through to confirmation and online payment for the work.