Going public will require a ruthless reduction in costs to get Uber near profitability. Uber Technologies Inc.’s new chief executive, Dara Khosrowshahi, said the ride-hailing company could go public in as soon as 18 months, setting the stage for one of the most highly anticipated initial public offerings. Source: New Uber CEO Says Company Could […]
Month: August 2017
Khosrowshahi is a smart choice for Uber. He’s dealt with monetizing travel-related services amidst intense competition, earning plaudits from his employees and investors. At Uber, Khosrowshahi will likely refocus around consumer-services and partnering to bring Uber into the fulfillment of mobility needs in complex transactions. For example, tying Uber into travel planning and B2C services […]
The Court stated that “the primary consideration in determining whether an employer/employee relationship exists is whether the alleged employer has the right to control the employee in the performance of the work and the manner in which it is done.” The court identified four factors used to determine the right of control: (1) direct evidence […]
As first reported by The Information, the on-demand taxi service is closing in on a $1.2 billion funding round led by JD.com, the Chinese ecommerce giant that currently serves as Alibaba’s biggest competitor. Thanks to additional investments by Tencent, this new influx of capital could result in a $3 billion valuation for Go-Jek. Source: The […]
Think about the Otto lock as providing audited access to your home for on-demand work. Wi-Fi support means that, in the first quarter of next year, Otto will be able to work with Home, Amazon Echo with its Alexa smart software), and connected home systems. Then the home owner can control the lock from anywhere […]
Uber is planning to sell the former Sears building in downtown Oakland, which it bought two years ago for $123.5 million and where it once intended to place up to 3,000 employees, the company confirmed on Friday. “As we look to strengthen our financial position so we can better serve riders and drivers for the […]
Popular grocery-delivery service Instacart is expanding across cities in Contra Costa, Alameda, Solano, Napa and Sonoma counties, giving people there a chance to order same-day delivery from local stores. Source: Instacart expands grocery delivery in the Bay Area
Lyft is the second ride-sharing company to be licensed to operate in Montana. Raiser-MT, an agent for Uber, was licensed in December 2015 and began operating in the spring of 2016 after state law was changed to authorize app-based ride-sharing companies. Source: Ride-sharing company Lyft receives PSC approval to operate in Montana | Business | […]
Hyatt expanded its partnership with food delivery service GrubHub, allowing hotel guests to order food from local eateries directly to their room. Source: From Restaurant To Room Service: Hyatt Expands Partnership With GrubHub
LENA is just one of many Amsterdam startups ditching the notion of fixed ownership in favor of shared access to goods and services. This same idea has propelled companies like Uber, Airbnb, Deliveroo to global prominence. Now Amsterdam is paving the way for the collaborative economy’s next frontier. Source: Building A City: Regulating the Sharing […]