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Interviews with 35+ Uber drivers in India reveal growing discontent with the platform, which has gradually removed its large incentives   —  MUMBAI/NEW DELHI (Reuters) - In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall.
May 8, 2019, 7:00 PMIn context
Joel Rosenblatt / Bloomberg:
Uber's IPO prospectus says 60,000+ US drivers have filed arbitration suits, which legal experts say will take decades to resolve and cost Uber $600M+   —  - IPO disclosure exposes costly, time-consuming backlog  — Is ride-hailing company about to ‘cry uncle’ due to demands?
May 8, 2019, 11:55 AMIn context
Johana Bhuiyan / Los Angeles Times:
Uber and Lyft drivers staged strikes in at least 10 US cities to protest against unfair pay ahead of Uber's much-anticipated IPO   —  It was a protest that dealt Uber its biggest blow.  When taxi drivers in New York City rallied against President Trump's travel ban in 2017 …
May 8, 2019, 10:05 AMIn context
Ingrid Lunden / TechCrunch:
Israeli B2B ride-hailing service Gett raises $200M in a mix of debt and equity at a $1.5B valuation, aims for an IPO by Q1 of 2020   —  As Uber gears up for an IPO, one of its smaller rivals has raised some money as it prepares to take its own turn on the public market.
May 7, 2019, 9:15 AMIn context
Vindu Goel / New York Times:
Electric motorbike startups in India such as Bounce and Vogo are competing with Uber and Ola by serving people who cannot afford current ride-hailing services   —  BANGALORE, India — In Uber's vision of the future, self-driving cars will whisk us everywhere, eliminating the need for its millions of human drivers.
May 7, 2019, 12:45 AMIn context
Shuli Ren / Bloomberg:
Ride-hailing economics are more favorable in Southeast Asia than in US; Uber may have left its best growth prospects behind by ceding market to Grab and Go-Jek   —  Emerging markets outshine the U.S. in ride-hailing, as the burgeoning success of Go-Jek and Grab shows.
May 5, 2019, 7:00 AMIn context
Laura Bliss / CityLab:
Innisfil, Ontario, which in 2017 decided to subsidize Uber rides in lieu of a public bus system, has been forced to raise fares and cap rides as adoption grows   —  Innisfil, Ontario, decided to partially subsidize ride-hailing trips rather than pay for a public bus system.
May 4, 2019, 7:15 AMIn context
Mike Isaac / New York Times:
A look at Dara Khosrowshahi's tenure as Uber prepares to go public; source: CEO decided Travis Kalanick isn't welcome on the NYSE balcony for next week's IPO   —  The C.E.O. wants to prove that the start-up has evolved past a raucous, and profligate, tech-bro culture.  But Uber's past is simply not that far gone.
May 3, 2019, 3:18 PMIn context
Paul Sawers / VentureBeat:
Sense, a contractor engagement and communication platform, raises $13.5M Series B led by GV with participation from Accel, bringing total raised to $23.5M   —  The rise of the “gig economy” has created a slew of billion-dollar companies eager to capitalize on the growth of smartphones and ubiquitous connectivity.
May 2, 2019, 12:55 PMIn context
Eugene Kim / CNBC:
Amazon confirms it provides an online freight service that matches truck drivers with shippers; sources say the service has been in testing since last year   —  KEY POINTS  — Amazon has been testing a new online service that matches truck drivers with shippers since last year …
May 1, 2019, 2:50 AMIn context

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