Deliveroo could soon be worth as much as $1.5bn – well above the $1bn that leads to tech firms being labelled unicorns – with wealthy tech investors now jostling to buy a slice of the takeaway delivery company that relies on an army of self-employed couriers.
Uber said on Thursday that the ride-hailing services company had completed 5 billion trips, as of May 20.
Source: Uber crosses 5 billion trips
The listing, announced earlier this month, came at a €25.50 share price, at the top of its pricing range. The share price quickly rose to reach as high as €26.90 — or up 5.5 percent — on the first day of trading, according to Bloomberg. That peak price gave six-year-old Delivery Hero, which is present in more than 40 countries, a market capitalization of around €4.5 billion, or approximately $5.1 billion.
The infrastructure for real-time payment for work continues to grow.
The newest solutions available on Mastercard Developers range from helping businesses gain insights on their performance in the era of IoT to digitizing the ways in which their consumers shop and manage personal finances. Mastercard has also added to the New & Experimental API category within the Mastercard Developers platform, enabling partners to test the very latest in technologies and applications.
Robert Scoble talked about this months ago….
Next up on Apple’s agenda is augmented reality, the act of superimposing digital data and visuals atop a live video feed of your surroundings — something that Google, Microsoft, and many others have been experimenting with for a long time. Apple is far from being able to claim it invented AR, but its new ARKit in iOS 11 is already showing signs to suggest that Apple will help bring AR into the mainstream faster and better than anyone else.
Drive.ai’s retrofit kits employ off-the-shelf hardware, including radar and LiDAR, and the startup focuses on building the autonomous software platform that brings all those aspects together to make the self-driving magic happen. With this funding, the company will focus on launching its first pilots, which it’s aiming to start later this year, and on international expansion.
Even if Uber fixes all of its current problems, it’s increasingly unlikely that it can live up to the inflated expectations that come with the nearly $70 billion valuation that have made it the world’s most valuable startup. There are barbarians at Uber’s gate, and it’s sorely in need of a moat.
Waymo, the self-driving car unit of Alphabet Inc., has reached an agreement for Avis Budget Group Inc. to manage its fleet of autonomous vehicles. It’s the first such deal in a field that’s still fledgling but exploding with partnerships. Avis shares surged.
Costs can also drop, since patients can avoid hospital visits. A 2013 Brookings Institution report said a Department of Veterans Affairs analysis of its home-based care program found a “25 percent reduction in hospital admissions, a 36 percent reduction in hospital days, and a 13 percent reduction in combined costs.”
The chief executive of Heal, Nick Desai, co-founded the start-up with his wife, Renee Dua, a physician. Their own parental trip to the emergency room inspired the service, after the couple,
During the past four quarters, Uber’s operating losses were more than $3.3bn on a measure that excludes interest, tax and share-based compensation — a figure that dwarfs other famously lossmaking companies such as Amazon.
Source: Can Uber ever make money?