Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as the value of those medallions has plummeted. Source: Uber, Lyft take down not just cab drivers, but also lenders
Month: July 2017
SoftBank, which recently launched a $93 billion technology fund, has no plans to invest in Uber, a person close to the Japanese company said. SoftBank has backed Uber’s primary rivals in India, Southeast Asia and China. Some of Uber’s investors would like to see the startup cut deals with overseas competitors — as it did […]
Voice is a local on-demand key ingredient. Some 19% of consumers have made a purchase using a voice-controlled device in the past 12 months, according to a study released Wednesday. Source: Voice-Controls Making Mobile, Desktop Devices Less Important For Online Commerce 07/13/2017
Uber of the US and Gett of Israel are still trying, though. Together, they account for about half of the remaining 45 per cent of rides in the city, with the remainder going to taxis ordered by phone or hailed illegally, says Bogdan Konoshenko, a Moscow taxi company owner and member of the city’s chamber […]
Saucey, which has now raised $10.2 million altogether, is competing against a dizzying number of alcohol-delivery companies. In addition to direct rivals like Drizly, Thirstie, and Swill, delivery companies like Postmates and Instacart are increasingly focusing on new categories, including alcohol delivery. Amazon is also beginning to offer beer and wine delivery in a growing […]
Manhattan startup Healthify will announce Tuesday that it has raised $6.5 million in a Series A funding round led by BlueCross BlueShield Venture Partners. The company offers a software platform that helps managed-care plans and health care providers find available social services and coordinate referrals. Healthify operates on the premise that factors beyond health care, […]
According to a new survey from loan company Earnest, Lyft drivers make slightly more than Uber drivers. The median earnings for a Lyft driver are $210 per month, and the average is $377, compared to $155 and $364 for Uber. Here’s the chart: Source: Lyft Driver: Do You Make More Money Driving for Uber or […]
One of the biggest problems in the U.S. medical system boils down to a simple issue of supply and demand. In many parts of the country, there just aren’t enough health professionals to deal with a glut of patients who need care. But, in an increasingly digital world, one solution to this shortage could involve […]
Freight matching services or “freight exchanges” have become one of the hottest topics in Freight Transportation over the past few years. Venture capital funds, private investors and others have poured at least $200 million — and potentially substantially more — into dozens of on-demand freight start-ups, including Flexport, Transfix, Loadsmart, Convoy, Doft, Cargo Chief, TugForce, […]
The online store has been assembling an army of experts to offer free consultations for its Alexa product as well as product installations for a fee inside customer homes, Recode reported on Monday, citing multiple sources as well as Amazon job postings. Though Amazon did not immediately respond to a request from Fortune for comment, […]