In 2017, before the investor lawsuits and the federal investigations, before the mass resignations, and before the connotation of the word “Uber” shifted from “world’s most valuable startup” to “world’s most dysfunctional,” Uber’s executives sat around a hotel conference room table in San Francisco, trying to convince their chief executive officer, Travis Kalanick, that the … Continue reading The Fall of Travis Kalanick Was a Lot Weirder and Darker Than You Thought
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Uber founder Travis Kalanick is leaving the company’s board of directors
Uber founder and former CEO Travis Kalanick is leaving the company’s board of directors, the ride-hailing company announced today. Kalanick will officially resign from the board as of December 31, to “focus on his new business and philanthropic endeavors,” according to a press release issued by Uber. Kalanick, who was forced out as Uber CEO … Continue reading Uber founder Travis Kalanick is leaving the company’s board of directors
Uber plans to keep defending independent contractor model for drivers
In light of gig worker protections bill AB5 passing in the California State Senate last night, and amendments to AB5 passing in the Assembly this morning, Uber has made it clear it plans to do whatever it takes to keep its drivers independent contractors. “We will continue to advocate for a compromise agreement,” Uber Chief … Continue reading Uber plans to keep defending independent contractor model for drivers
Uber tests monthly subscription that combines Eats, rides, bikes and scooters
Uber is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters. In this pilot phase, Uber is testing a few different iterations in San Francisco and Chicago but each version includes a fixed discount on every ride, free Uber Eats delivery and free JUMP (bikes and scooters) rides. The pass costs … Continue reading Uber tests monthly subscription that combines Eats, rides, bikes and scooters
Uber Air picks Melbourne as its first international launch city
When Uber first announced Uber Air, it intended for Dubai to be its first international city. That changed last year when Uber put out an open call to interested cities to describe the clear need for aerial transit, the environmental conditions of the city and local government commitment. Today at Uber Elevate, Uber announced Melbourne, … Continue reading Uber Air picks Melbourne as its first international launch city
Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross bookings growth of 230% for its other bets, while ridesharing grew just 22% compared to the same quarter last year. Gross bookings are the revenue earned minus things like taxes, tolls, fees, wages paid to … Continue reading Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
Uber will start deactivating riders with low ratings
Uber is now requiring the same good behavior from riders that it has long expected from its drivers. Uber riders have always had ratings, but they were never really at risk of deactivation — until now. Starting today, riders in the U.S. and Canada are now at risk of deactivation if their rating falls significantly … Continue reading Uber will start deactivating riders with low ratings
Uber’s first day as a public company didn’t go so well
At long last, it’s lift-off for Uber. After pricing its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, the transportation startup began trading today on the New York Stock Exchange, and the shares opened at $42, down from the IPO price. Ahead … Continue reading Uber’s first day as a public company didn’t go so well
Uber and Lyft drivers are striking ahead of Uber’s IPO
With Uber expected to make its debut on the public market by Friday, May 10, on-demand ride-hailing drivers are planning to strike on Wednesday. The New York Taxi Workers Association is calling on U.S.-based drivers to stand in solidarity with drivers in London and log off from both Uber and Lyft on May 8 between … Continue reading Uber and Lyft drivers are striking ahead of Uber’s IPO
Uber’s self-driving car unit was burning $20 million a month
Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ridesharing company, which hopes to go public later this year, was spending $20 million a month on developing … Continue reading Uber’s self-driving car unit was burning $20 million a month