Techmeme

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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
Eric Newcomer / Bloomberg:
Sources: Square discussed selling Caviar with Uber, GrubHub, and Yelp in talks from late 2015 to early 2016; proposed price of $100M was rebuffed   —  Price of about $100 million proposed for food-delivery unit  —  Payments company couldn't find buyer willing to pay enough
Oct 11, 2016, 4:25 PMIn context
Eric Newcomer / Bloomberg:
Thomas Siebel's big data analysis startup C3 IoT raises $70M Series D, with $60M coming from TPG Capital   —  Financing for the company, which analyzes data from connected sensors, comes as Internet of Things funding is expected to drop.  —  Billionaire Thomas Siebel has raised $70 million …
Sep 5, 2016, 1:15 PMIn context
Eric Newcomer / Bloomberg:
Sources: Uber lost $1.2B in first half of 2016, including $520M in Q1 and $750M in Q2; net revenue grew 18% from $960M in Q1 to $1.1B in Q2   —  After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million.
Aug 25, 2016, 8:50 AMIn context
Bloomberg:
Sources: Wal-Mart's $3B acquisition of Jet.com would require Jet founder Marc Lore to head the retailer's online division for several years   —  Marc Lore said to stay to run retailer's e-commerce division  —  Purchase for $3 billion would help Wal-Mart challenge Amazon
Aug 6, 2016, 1:35 PMIn context
Bloomberg:
Filing: Airbnb raising $850M, sources say at a $30B valuation, bringing total raised to about $3.2B   —  The home-sharing company Airbnb Inc. is raising $850 million, according to a disclosure filed with the state of Delaware.  —  The equity round values the San Francisco-based company at $30 billion, people told Bloomberg in June.
Aug 6, 2016, 12:55 AMIn context
Eric Newcomer / Bloomberg:
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation   —  Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
Aug 1, 2016, 12:20 AMIn context

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