Techmeme

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Eric Newcomer / Bloomberg:
Munchery CEO James Beriker says company's co-founders Tri Tran and Conrad Chu will leave at end of the month; sources say company to cut about 30 employees   —  The reductions affected chefs, photographers, and the business side  —  Food delivery startup Munchery cut about 30 employees this week.
Jan 11, 2017, 8:25 PMIn context
Eric Newcomer / Bloomberg Technology:
Review of overlooked tech trends in 2016: faster broadband speeds, growth of digital currencies, the success of tech M&A, more   —  I'm on a flight home to Macon, Georgia, reading Hillbilly Elegy like much of the rest of Silicon Valley.  I'm trying to figure out how I misread the American electorate so fundamentally.
Jan 1, 2017, 2:05 PMIn context
Eric Newcomer / Bloomberg:
Source: Uber lost $2.2B+ in first 9 months of 2016, with $800M+ in Q3 excluding Chinese ops; firm on track to exceed $5.5B in net revenue this year   —  Ride-hailing company's annual loss may hit $3 billion by year's end  —  Even as Uber Technologies Inc. exited China, the company's financial loss has remained eye-popping.
Dec 19, 2016, 9:00 PMIn context
Eric Newcomer / Bloomberg:
Uber expands partnership with WageWorks, which lets UberPool users pay for commutes with pretax funds, to more US cities, including San Francisco, Boston, more   —  Uber Technologies Inc. is expanding a partnership with WageWorks Inc. that allows users of the ride-sharing giant's UberPool service …
Dec 13, 2016, 2:01 PMIn context
Eric Newcomer / Bloomberg:
Opendoor raises $210M led by Norwest Venture Partners to expand to new cities next year, sources say at a valuation of at least $1B   —  Silicon Valley's club of unicorn startups hasn't been growing as fast as it once was, and its newest member is unlike most of is venture-backed peers.
Nov 30, 2016, 6:55 PMIn context
Eric Newcomer / Bloomberg:
Munchery hires James Beriker of Simply Hired as its new CEO amid struggles with food waste   —  Munchery, a San Francisco startup that cooks and delivers meals to hundreds of thousands of customers in a handful of U.S. cities, has begged its cooks to bring down the cost of the ingredients, according to current and former employees.
Nov 21, 2016, 9:30 PMIn context
Eric Newcomer / Bloomberg:
Study co-authored by MIT professor finds Uber drivers in Boston canceled rides for men with black-sounding names more than twice as often as for other men   —  Drivers for Uber Technologies Inc. in Boston canceled rides for men with black-sounding names more than twice as often as for other men.
Oct 31, 2016, 5:00 PMIn context
Eric Newcomer / Bloomberg:
Postmates raises $141M led by Founders Fund, at same share price as last year's round; the company is now valued at about $600M   —  Bastian Lehmann spent most of this year becoming acquainted with the feeling of rejection.  The co-founder and chief executive officer of Postmates Inc. was trying …
Oct 31, 2016, 1:26 PMIn context
Eric Newcomer / Bloomberg:
A look at Uber's strategy in Latin America, a key area in the company's global expansion, which lacks the regulation of Europe or competition of India   —  After ceding China, the ride-hailing giant plans to double its presence in the region by the end of next year.
Oct 13, 2016, 5:20 PMIn context
Eric Newcomer / Bloomberg:
Meal-delivery startup Munchery is looking to replace its CEO, Tri Tran, as it struggles to raise money during a search for a profitable business model   —  Existing backers have struggled to attract big new investors  —  Other food-delivery businesses are still losing money
Oct 12, 2016, 4:25 PMIn context

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