Ride-Sharing

Entrepreneurs Aim to Create Airbnb of Rental Cars
Entrepreneurs Aim to Create Airbnb of Rental Cars
July 23, 2023  |  Commerce Connected

Can small-scale rental car entrepreneurs take on giants like Hertz and Avis Budget? That’s what a group of these do-it-yourselfers aim to do, according to...

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Report: After 5 Years, Uber CFO Nelson Chai Plans to Leave
Report: After 5 Years, Uber CFO Nelson Chai Plans to Leave
July 10, 2023  |  Personnel

Uber Chief Financial Officer Nelson Chai is reportedly planning to leave the firm after five years. Chai told the company’s CEO, Dara Khosrowshahi, that he intends to move on,...

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Uber Rolls Out Services Aimed at Younger Riders
Uber Rolls Out Services Aimed at Younger Riders
May 17, 2023  |  Ridesharing

Uber will begin letting teenagers book rides — highly supervised rides — on its platform.  The company announced Wednesday (May 17) the launch of its “teen...

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Chinese Regulators Hit Didi’s Payments Arm with Major Fine
Chinese Regulators Hit Didi’s Payments Arm with Major Fine
July 15, 2022  |  Ridesharing

The payments division of ride-sharing and food delivery firm Didi was hit with 4.27 million yuan ($632,170) in fines on Friday (July 15) by the...

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Lyft to Acquire Bike-Share Provider PBSC Urban Solutions
Lyft to Acquire Bike-Share Provider PBSC Urban Solutions
April 20, 2022  |  Acquisitions

Ride-sharing app Lyft announced Tuesday (April 19) that it has agreed to buy PBSC Urban Solutions, a supplier of bicycle sharing equipment and technology to...

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Uber Says It’s Bouncing Back From Omicron, Raises 1Q Guidance
Uber Says It’s Bouncing Back From Omicron, Raises 1Q Guidance
March 07, 2022  |  Transportation

Uber raised its first quarter guidance Monday (March 7) and said its ride-hailing business is bouncing back from the omicron variant’s disruptions, The Wall Street...

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China’s Post-IPO DiDi Crackdown Shows Power Still Trumps Pragmatism In Asia’s Largest Economy
China’s Post-IPO DiDi Crackdown Shows Power Still Trumps Pragmatism In Asia’s Largest Economy
July 06, 2021  |  International

In what appears to be an increasingly common show of might, Chinese government regulators have again clamped down domestically on a high-profile, publicly-traded company, despite...

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Didi Warns Of Revenue Drop
Didi Warns Of Revenue Drop
July 05, 2021  |  Regulation

Didi, the ride-hailing giant, has said it might see a revenue drop as of a new regulatory order to remove its apps from app stores...

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Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man
Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man
July 06, 2020  |  Partnerships / Acquisitions

Call it a real-life version of Pac-Man. Word emerged on Monday (July 6) that Uber is buying Postmates for nearly $2.7 billion in stock – the latest...

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