Techmeme

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Eric Newcomer / Bloomberg:
Sources say Japanese firms hold stakes worth at least $13B combined in US ride-hailing startups: SoftBank holds 15%+ of Uber and Rakuten holds 10%+ of Lyft   —  - SoftBank holds more than 15% of Uber, Rakuten over 10% of Lyft  — The stakes would be worth at least $13 billion combined
Dec 11, 2018, 12:35 PMIn context
Jon Porter / The Verge:
Report: Uber operations manager sent 890-word email to execs with serious concerns about autonomous program just days before an Uber vehicle killed a pedestrian   —  Solutions that could have prevented collision were proposed  —  An 890-word email was sent to Uber's executives …
Dec 11, 2018, 12:25 PMIn context
Josh Constine / TechCrunch:
Uber says it's testing “Uber Eats Pool” in some areas as a cheaper option that batches customers' orders to a restaurant, and it's exploring paid promotion ads   —  Here come sponsored restaurant recommendations  —  Where there is discovery in an app, there is paid discovery.
Dec 10, 2018, 11:15 AMIn context
Wall Street Journal:
Sources: Uber has confidentially filed for an IPO; filing indicates it could go public as soon as the first quarter of 2019   —  The filing indicates a public listing could come in early 2019, pitting the ride-hailing service against rival Lyft  —  Uber Technologies Inc. filed paperwork confidentially …
Dec 7, 2018, 8:28 PMIn context
Makena Kelly / The Verge:
FTC's Consumer Protection Bureau head cannot participate in investigations involving 120 companies like Facebook, Equifax, Uber, due to conflict of interest   —  The list of 120 includes Uber, Twitter, and Equifax  —  The Federal Trade Commission's top consumer protection official is prohibited …
Dec 6, 2018, 10:05 PMIn context
New York Times:
Sources: as Uber prepares to resume testing cars in autonomous mode in Pittsburgh, the cars still face issues, raising safety concerns   —  SAN FRANCISCO — Eight months after one of Uber's self-driving cars struck and killed a pedestrian, the ride-hailing company is close to putting …
Dec 5, 2018, 7:56 PMIn context
Deirdre Bosa / CNBC:
In a leaked email, Uber's India lead told company executives that Uber India reached an annualized bookings rate of $1.64B in Q3   —  - In an email to executives including CEO Dhara Khosrowshahi, Uber India head Pradeep Parameswaran said the company doubled its engineering team in the country as of the third quarter.
Dec 4, 2018, 7:55 PMIn context
Bryan Menegus / Gizmodo:
NYC approves measures to set the US' first minimum pay rate for rideshare drivers of $26.51/hour gross, or an estimated $17.22/hour after expenses   —  Today, New York's City's Taxi and Limousine Commission approved measures to enact minimum pay requirements for app-based for-hire vehicles (FHV) like Uber, Lyft, and Juno.
Dec 4, 2018, 4:45 PMIn context
Josh Constine / TechCrunch:
Uber Eats is testing giving restaurants a ranking boost when they offer discounts on food bundles; in some cases, Uber will cover the discount's cost   —  Uber Eats has effectively invented its own native ad unit.  Uber confirmed to TechCrunch that a test quietly running …
Dec 4, 2018, 2:05 PMIn context
Alexander Cornwell / Reuters:
Middle East ride-hailing service Careem says it has launched a bus-booking service in Egypt and will soon expand it into Saudi Arabia and Pakistan   —  DUBAI (Reuters) - Middle East ride-hailing company Careem said on Monday it had launched a bus-booking service in Egypt and would soon expand it into Saudi Arabia and Pakistan.
Dec 3, 2018, 12:15 PMIn context

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