Square’s transaction margins are slim, but not a cause for concern. For each transaction, Square receives 2.75 percent, but 0.15 percent of that is taken by Mastercard or Visa. A further 2 percent is taken from the bank that releases the funds, leaving Square only...
The race is on among entrepreneurs to grab a car, grab an app, grab a rider or two and launch a ridesharing company. No angel investors required. Economists predict competition among copycat Ubers and Lyfts that could upend the transportation industry.
Uber may still be in startup mode, but the company is facing larger company problems — this time, from its drivers in London. According to a report by The Guardian, drivers for Uber’s food delivery service, UberEATS, were protesting outside of the company’s London headquarters on Friday (Aug....
The ridesharing industry is gearing up for real competition, marked as it is by more firms entering the arena, given its low barriers to entry. Those are among the sentiments of 11 economists polled by Reuters, with a consensus that seemed to be at odds with...
Will anyone be able to get food through an on-demand delivery app anytime soon? Deliveroo drivers are already upset about changes to the company’s pricing model in London that they say short changes drivers and have been protesting the changes. Now, drivers for UberEATS, which launched...
Starting in January, Google will begin “dinging” websites that display full-screen ads when it comes to smartphone search, according to Internet Retailer. Google is aiming to target the full-screen ads, known as “interstitial banners,” and will roll out the changes on Jan. 10. These types...
Ridesharing app Uber may be enjoying brisk business as it expands around the globe, but the company isn’t making money as a result. That’s according to a report by Bloomberg, which cited people familiar with the matter who heard comments from Uber’s head of finance, Gautam Gupta. According...
The effect of GM’s car-sharing operation, Maven, on urban traffic congestion is unclear, but it is causing indigestion for car rental firms. The company is expanding the service at an impressive rate after acquiring Sidecar in January and is stealthily gaining traction in the transportation...
GM‘s car-sharing operation Maven has hit a couple of big milestones: expansion to five cities in the U.S., more than 5,000 registered members and 4.2 million miles driven. The car-sharing effort, which provides customers with access to new vehicles on-demand based on an hourly fee, has...
