With a near record-setting investment announced last week, the ride-sharing service Uber is the hottest, most valuable technology start-up on the planet. It is also one of the most controversial.
The company, which has been the target of protests across Europe this week, has been accused of a reckless attitude toward safety, of price-gouging its customers, of putting existing cabbies out of work and of evading regulation. And it has been called trivial. In The New Yorker last year, George Packer huffed that Uber typified Silicon Valley’s new found focus on “solving all the problems of being 20 years old, with cash on hand.”
It is impossible to say whether Uber is worth the $17 billion its investors believe it to be; like any start-up, it could fail. But for all its flaws, Uber is anything but trivial. It could well transform transportation the way Amazon has altered shopping — by using slick, user-friendly software and mountains of data to completely reshape an existing market, ultimately making many modes of urban transportation cheaper, more flexible and more widely accessible to people across the income spectrum.
The Latest on: Ride-sharing
via Google News
The Latest on: Ride-sharing
- UK: Uber and food-delivery app Deliveroo to offer discounts to vaccinated customerson August 1, 2021 at 9:31 am
Uber and Deliveroo are two apps joining forces with the UK government to encourage further vaccine take-up amongst young people ...
- How Uber and Lyft Can Save Liveson July 30, 2021 at 2:36 pm
Ride-sharing apps cut traffic fatalities by 4%, a new study finds.
- Uber looks beyond ride-hailing as rebound and quest for profit continueson July 30, 2021 at 12:21 pm
With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.
- Dubai ride-sharing company Swvl to go public in a USD1.5 billion SPAC mergeron July 30, 2021 at 4:00 am
Proceeds to fund Swvl’s long-term growth with a goal of driving $1bn+ of annual gross revenues and expansion to 20 countries by 2025 ...
- Queen's Gambit Growth Captial's Grace on Merger With Ride-Sharing Startup Swvlon July 28, 2021 at 6:55 pm
Victoria Grace, CEO of Queen's Gambit Growth, discusses a SPAC deal with Dubai-based ride hailing company Swvl. She speaks with Caroline Hyde and Sonali Basak on "Bloomberg Markets: European Close". ( ...
- Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC mergeron July 28, 2021 at 3:23 pm
Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The deal will see Swvl ...
- Global Ride Sharing Market – Forecast to 2026on July 28, 2021 at 2:00 pm
An increase in urbanization, internet and smartphone penetration and the increase in the cost of vehicle ownership is boosting the growth of the market for ride-sharing. Download PDF Brochure: ...
- Ride sharing reduced US drunk driving deaths by 6%on July 27, 2021 at 9:57 pm
About one-third of all traffic crash fatalities in the US involve drunk drivers. Ride-sharing can play an important role in reducing these deaths, according to a new study. Researchers Michael ...
- Ride Sharing Market Size, Trends, Companies, Driver, Segmentation, Forecast to 2026on July 26, 2021 at 9:54 pm
Selbyville, Delaware Market Study Report LLC adds new research on Ride Sharing Market Size, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the ...
- Ride Sharing Market Analysis, Growth, Report 2020-2027on July 24, 2021 at 4:26 am
The Global Ride Sharing Market is growing with a CAGR of 15.54% and touched USD 71.23 billion in 2020. The market is expected ...
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