Ridesharing

Ridesharing
Uber’s Investors Tried To Avoid Their Legal Battle With Travis Kalanick
August 15, 2017

Benchmark Capital — one of Uber’s larger investors — said yesterday (August 14) that it gave Uber’s ousted CEO Travis Kalanick a full month to review all of its recommendations before moving in court to have him removed from the board and no longer able...

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Uber Drama Is Driving Execs Out
August 11, 2017

If you’ve been thinking lately, “You know who hasn’t seen enough drama this summer? Uber,” then you’re in luck. CNBC reports news that Uber’s SVP of Global Operations Ryan Graves is on the out — both in his leadership role at Uber and, reportedly, in his friendship...

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Uber Is Planning To Step Away From Its Leasing Program
August 09, 2017

Uber is planning to close out or sell its car-leasing division in the U.S. by the end of this year, according to a source familiar with the situation. According to news from CNBC, Uber will shut down, sell to a partner or consolidate the car-leasing business...

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Uber Co-Founder Says Former CEO Travis Kalanick Is Not Coming Back
August 08, 2017

Uber Co-Founder and Board Member Garrett Camp told employees that the company’s former CEO Travis Kalanick will not be returning to fill his former role. According to Recode, Garrett Camp revealed the news in an email to staff on Monday, addressing recent reports that Travis Kalanick was...

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Uber Rented Drivers Cars It Knew Were Unsafe
August 04, 2017

Uber Technologies may have a new fraud problem on its hands after The Wall Street Journal reported news that Uber managers in Singapore leased the Honda Vezel to Uber drivers after the vehicle was recalled by Honda Motor Co. for safety reasons.   According to a...

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Lyft Adds Three New Partners To Charity Program
August 03, 2017

Ridesharing company Lyft announced news that is has added three new partners to its Round Up and Donate Program and will also match charitable donations made when riders pay via Apple Pay for the entire month of August. TechCrunch reported that the new partners are...

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SoftBank Might Buy Multi-Billion Dollar Stake In Uber
July 26, 2017

Reports say that SoftBank has contacted Uber about the possibility of buying a “multi-billion dollar stake” in the ridesharing company — less than a day after it agreed to put $2 billion into Southeast Asia’s Grab alongside Didi. According to TechCrunch, the news is surprising...

Ridesharing
Uber Revamps Driver Support System
July 26, 2017

In an attempt to retain its drivers and recruit new ones, Uber is revamping its driver support system. According to news from Recode, the move comes after the company has received a slew of bad press, which included a video of then-CEO Travis Kalanick berating an...

Ridesharing
Lyft’s Gross Bookings Grew At A Faster Rate Than Uber’s In Second Quarter
July 26, 2017

Ridesharing company Lyft’s gross bookings grew approximately 25 percent to more than $1 billion in the second quarter — a faster rate than that of carsharing competitor Uber. Uber told investors earlier this month it expected gross bookings would increase in the “mid-teens” for the quarter. Bloomberg...