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.
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The Latest on: Ride-sharing
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The Latest on: Ride-sharing
- Will Tesla Disrupt The Ride Sharing Market?on May 9, 2024 at 3:30 am
The self-driving threat sounds scary for existing ride-sharing players such as Uber and Lyft. Investors following Musk lately might think that this is an existential risk for Uber's business that ...
- Trade Desk scores earnings beat as it continues to ride momentum in connected TVon May 8, 2024 at 5:39 pm
Continued growth in advertisements on connected TV helped Trade Desk Inc. beat earnings expectations for the latest quarter when it reported ...
- Uber Slumps, Lyft Soars. Why the Ride-Sharing Stocks Are Headed in Opposite Directions.on May 8, 2024 at 1:44 pm
It’s a tale of two ride-sharing stocks. While Lyft shares are rallying Wednesday following a well-received March quarter earnings report, shares of Uber Technologies are losing ground in response to ...
- Uber shares tumble as weaker ride-share demand hurts Q2 forecaston May 8, 2024 at 1:25 pm
Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery company on course to shed more ...
- Police: Suspect in double killing took ride-share to and from crime sceneon May 8, 2024 at 10:59 am
Officers arrived at the scene to find a man and a woman, later identified as brother and sister, shot to death. Police said the body of the brother was located “near a residence,” while the sister’s ...
- Infobip Partners with Bolt to Deliver Secure Ride-sharingon May 8, 2024 at 12:00 am
Leading ride-sharing company Bolt prioritizes security and innovation for drivers and customers. It was exploring Two Factor Authentication (2FA) delivery options via rich media channels that could ...
- News 2 You: Ride sharing comes to Buffalo, an infamous case of corporal punishment, a disappointing solar eclipseon May 6, 2024 at 9:12 am
Just as in the recent case of the total solar eclipse people were quite excited to see it. However, similar to what ...
- My View: Ride-sharing can be a starting point for many fascinating conversationson May 1, 2024 at 5:00 pm
One of the luxuries of being retired is having the free time to travel. Only one of our four grown children has settled locally so we often find ourselves heading either southeast or southwest to ...
- Ride share passenger steals vehicle while at gas station on Near North Sideon May 1, 2024 at 7:06 am
A passenger of a ride share drove away with the vehicle while at a gas station in the city’s Old Town neighborhood. The incident happened around 11:30 p.m. Tuesday in the 100 block of West North ...
- Duo sought in string of at least 7 robberies targeting NYC ride-share driverson April 28, 2024 at 1:27 pm
The NYPD is on the hunt for two suspects linked to at least seven robberies targeting Uber and Lyft drivers across Brooklyn and Staten Island.
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