Techmeme

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Noam Scheiber / New York Times:
Uber and other ride-hailing companies are working to shape labor rules by directly crafting laws in some cases, to avoid classifying drivers as employees   —  It was a potentially sweeping proposal from a Texas regulator: Companies that use a “digital network” to dispatch workers the way Uber does …
Mar 26, 2019, 12:40 PMIn context
Ryan Browne / CNBC:
Uber to acquire Middle East rival Careem in a $3.1B deal with $1.7B in convertible notes and $1.4B in cash   —  - Uber's $3.1 billion agreement to buy Careem consists of $1.7 billion in convertible notes and $1.4 billion in cash.  — Dubai-based Careem claims more than 30 million registered users …
Mar 26, 2019, 3:01 AMIn context
Bloomberg:
Sources: Uber to announce the $3.1B acquisition of Dubai-based Careem soon, paying $1.4B in cash and $1.7B in convertible notes at a price of $55 per Uber share   —  Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ …
Mar 24, 2019, 10:38 AMIn context
Clay Chandler / Fortune:
Inside the rivalry between Southeast Asia's Grab and Go-Jek, the ride-hailing services evolving to provide everything from groceries to mortgages   —  The rival ride-hailing services are now dueling to deliver everything from groceries to mortgages to Southeast Asia's middle class.
Mar 23, 2019, 5:05 AMIn context
Jon Russell / TechCrunch:
Indonesia-based trucking logistics startup Kargo comes out of stealth, raises a $7.6M seed round led by Sequoia with Travis Kalanick's 10100 participating   —  Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn't stopped the former Uber CEO's VC fund from making its first investment in Southeast Asia.
Mar 22, 2019, 2:00 PMIn context
Eric Newcomer / Bloomberg:
Source: Uber picks the NYSE for its upcoming IPO; Lyft will start trading next week on Nasdaq   —  - Listing is likely to be the biggest public offering this year  — Company expected to officially file for its IPO in April  —  Uber Technologies Inc. has selected the New York Stock Exchange …
Mar 21, 2019, 7:20 PMIn context
Kirsten Korosec / TechCrunch:
Uber says Freight, which connects truck drivers to shipping companies, is expanding to Europe, starting in the Netherlands   —  Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans.
Mar 20, 2019, 2:10 PMIn context
ABC:
Sources: Uber used a program codenamed Surfcam, made in 2015, to steal drivers from an Australian rival by tracking their cars online and scraping driver info   —  Four Corners By Sean Nicholls, Peter Cronau and Mary Fallon  —  International rideshare giant Uber used a secret spyware program …
Mar 20, 2019, 2:35 AMIn context
Financial Times:
Israeli ride-hailing service Gett, which anticipates becoming profitable later this year, is planning an IPO on either the London Stock Exchange or in Israel   —  Taxi-hailing company Gett, which anticipates becoming profitable later this year, is planning an initial public offering to cash …
Mar 18, 2019, 10:05 AMIn context
Shira Ovide / Bloomberg:
Lyft's average revenue of $3.75 per ride is about the same for car trips as for bicycles and scooters, which incur no driver-related costs   —  What does it say about Lyft's financial viability that each car ride is worth the same as a scooter or bike trip?  You decide.
Mar 15, 2019, 10:30 AMIn context

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