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
- Police: Suspect in double killing took ride-share to and from crime sceneon May 8, 2024 at 12:59 pm
By Debbie Lord, Cox Media Group National Content Desk May 08, 2024 at 6:59 am PDT A 19-year-old in St. Louis County, Missouri took a ride-share to the home where two siblings were, shot and killed, ...
- Uber shares tumble as weaker ride-share demand hurts Q2 forecaston May 8, 2024 at 9:53 am
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 ...
- 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 ...
- ‘I know that ride was silent as hell’: Customer swears off Uber Share after seeing who he has to ride withon May 4, 2024 at 9:00 am
Uber Share or UberX Share is used when several customers are picked up that are headed in the same direction. The rider requests a ride share and can share a ride with two other people. But TikTok ...
- State auditor says ride-share companies have cheated employees out of hundreds of millionson May 2, 2024 at 7:12 pm
The state auditor is chiming in on an ongoing debate involving ride-share drivers with companies like Uber and Lyft. Some drivers want to unionize for better working environments, while the companies ...
- 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 ...
- Ride share passenger takes off with vehicle in Old Townon May 1, 2024 at 5:17 am
A passenger in a ride-share vehicle drove away with the car while its driver stopped at an Old Town gas station late Tuesday. It happened about 11:30 p.m. in the 100 block of West North Avenue, police ...
- 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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