PYMNTS-MonitorEdge-May-2024

ride-hailing

Uber To Focus On Emerging Markets On The Road To Profitability
Uber To Focus On Emerging Markets On The Road To Profitability
October 22, 2019  |  Ridesharing

Uber said it will focus on emerging markets in the next 10 years, although it is unsure when it will be profitable as a company....

READ MORE >
Mastercard, Curb Launch Donation Campaign For American Cancer Society
Mastercard, Curb Launch Donation Campaign For American Cancer Society
October 14, 2019  |  Ridesharing

Mastercard is teaming with the taxi ride-hailing app Curb to help the American Cancer Society’s Road to Recovery program, which provides free rides to patients...

READ MORE >
What’s Wrong With The Attack On Gig Economy Pay
What’s Wrong With The Attack On Gig Economy Pay
October 14, 2019  |  Gig Economy

Drivers can’t make ends meet. Given the median income of roughly $25,000 a year and the number of hours required behind the wheel to earn...

READ MORE >
Uber Losses Trigger $228M Write-Off At PayPal
Uber Losses Trigger $228M Write-Off At PayPal
October 09, 2019  |  Investments

PayPal lost $228 million in the third quarter partially due to Uber’s failure to make money, Bloomberg reported on Tuesday (Oct. 8). PayPal’s $500 million...

READ MORE >
WeWork’s Fizzle Bodes Ill For IPOs
WeWork’s Fizzle Bodes Ill For IPOs
October 04, 2019  |  Sizzle/Fizzle

From the ashes of WeWork’s failed IPO … more ashes? Perhaps so, at least for the traditional IPO model. Other money-losing firms are seeing their...

READ MORE >
Uber Offers Helicopter Rides For JFK Passengers
Uber Offers Helicopter Rides For JFK Passengers
October 03, 2019  |  Innovation

Ride-hailing app Uber said users will soon be able to fly to and from Lower Manhattan in New York and John F. Kennedy International Airport...

READ MORE >
Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B
Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B
October 02, 2019  |  Partnerships / Acquisitions

Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. 2). Founded in...

READ MORE >
Malaysia Regulator To Rule On Grab Anti-Competition Probe
Malaysia Regulator To Rule On Grab Anti-Competition Probe
October 02, 2019  |  ANTITRUST

The Malaysia Competition Commission (MyCC) has launched a probe against ride-hailing firm Grab and will soon arrive at a decision about the matter, Reuters reported...

READ MORE >
Uber Turns App Into ‘Everyday Operating System’
Uber Turns App Into ‘Everyday Operating System’
September 26, 2019  |  Mobile Applications

Uber’s apps are getting a makeover – and a bit of a merger. To that end, Uber said at an event on Thursday (Sept. 26)...

READ MORE >