Nails, meet coffin. All the signs say senior leadership at Uber believe the company is unfundable at current levels. Prediction: Uber will be another company’s asset within six months. Uber Technologies Inc. said its head of finance is leaving as the ride-hailing company reported continued big losses despite growing revenue, adding to an exodus of […]
Month: May 2017
Sometimes, it’s easier to not take a car. This shouldn’t surprise in densely populated urban areas. Bicycles provide exercise, too. Didi’s dominance is being challenged by an unlikely source — about 40 smartphone apps that have sprouted in major Chinese cities since late 2016 for commuters to share bicycles. Source: Bicycles are eating the lunch […]
In 2015, Uber burned a whopping $1 million per week in San Francisco alone at times on its UberPool carpooling service in order to compete with rival Lyft, according to internal documents obtained by BuzzFeed.The money was spent on subsidizing rides to try to attract customers with low fares. As the company rolled back the […]
Google’s Waze is growing its Carpool offering, expanding the ride-sharing service to all of California after successful trials in San Francisco, Sacramento and Monterey. The service expansion also comes after Waze has been running carpooling services in Israel, where it originally debuted the offering back in 2015. Carpool will open to all California residents beginning […]
Denny’s is investing in a multichannel campaign, including national TV, to get the word out about its new ordering and delivery capabilities, dubbed “Denny’s on Demand.” Source: New ‘Denny’s On Demand’ Service Gets TV, Full-Blown Push 06/01/2017
You held on too long, Uber. Still your mess. Mr. Levandowski’s termination, effective immediately, comes as a result of his involvement in a legal battle between Uber and Waymo, the self-driving technology unit spun out of Google last year. Waymo claims that Uber is using trade secrets stolen from Google to develop Uber’s self-driving vehicles, […]
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Is Uber Doomed?
Uber itself, however, has lately become a monument not only to the power of technology and confidence in the face of adversarial forces but possibly to the dangers of hubris: When you’re worth that much money on imaginary paper, and buoyed by the belief that you’re on a mission to change the world, it can […]
A marketplace for teachable knowledge, powered by video. How will Konversai drive buyers to these teachers? How do teachers differentiate their services? These are the two critical questions for the company to answer for their workforce. “Konversai is a simple way for anyone, anywhere to learn or teach about anything,” said Sushma Sharma, founder and […]
Russian autonomous car debuted by Yandex. Long way from release. The vehicle in the video isn’t yet navigating real city streets, but Yandex says that testing is coming on public roads within a year, if all goes as planned. Source: Yandex’s on-demand taxi service debuts its self-driving car project | TechCrunch
This week, we’ll take a look at startups focused on picking up items up from customers and ultimately returning them for a fee. Source: Profits And Sustainable Startups Remain Elusive In The On-Demand Economy – Crunchbase