Woman Takes Uber at 3 A.M. Then The Driver Asks If He Can Pull Over To Charge: ‘His Car Was On 43%’ "They aren’t even supposed to stop at a gas station btw." Motor1 · Sep 18
Uber ordered to pay $40 million to family of US woman killed on California highway Uber has been ordered to pay $40 million to the parents of a 23-year-old woman who was fatally struck by a vehicle on a California highway after a driver allegedly forced her and her friend out of the car. The Times of India · Sep 18
In 2023, UCLA graduate was kicked out of her cab and was hit to death by another car. Three years later, Uber ordered to pay $40m to family Rideshare giant Uber and one of its drivers have been ordered by an arbitrator to pay $40 million in damages to the parents of a 23-year-old woman, Emily Normandin-Parker, who was struck and killed by traffic after the cab driver kicked her and her friend out of the cab on… The Times of India · Sep 18
Rideshare Drivers Want a Fair Hearing Before Losing Their Jobs In Chicago, city data shows fewer than 4% of the more than 30,000 drivers removed from rideshare platforms were reinstated. Capital & Main · Sep 18
These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons Insiders at Uber, GameStop, and Welltower are buying shares, with executives boosting stakes despite mixed stock performance and, in GameStop's case, declining sales. MarketBeat · Sep 18
$400M Fund Manager Says Forget Tesla, Uber, and DoorDash: These 3 Cheaper Rival Stocks Might Be Better Bargains ValueWorks founder Charles Lemonides names Lyft, Instacart, and Rivian as potentially undervalued alternatives to Uber, DoorDash, and Tesla, citing growth and valuation metrics. International Business Times UK · Sep 18
In 2011, Ashton Kutcher, Guy Oseary and Ron Burkle invested $2.5 million in Airbnb; 5 years later, their stake was worth about $90 million as the startup became a global giant Actor Ashton Kutcher was an early investor in Airbnb, joining in 2011. He and partners invested $2.5 million, which grew significantly. This investment was part of Kutcher's broader technology venture portfolio. He cofounded A-Grade Investments and Sound Ventures, backing many tech companies. The Economic Times · Sep 18
Honda Wants To Score How Safely Uber Eats Couriers Ride. Our Dystopian World Continues Honda and Uber Eats are testing a smartphone app that scores motorcycle couriers on braking, acceleration, and steering. RideApart · Sep 18
Uber driver allegedly tells Massachusetts woman he wants to pull over to charge his car at 3 am. So, she called the cops: ‘The scariest thing ever’ The cops couldn't find the Uber driver at any charging stations afterwards. We Got This Covered · Sep 17
Uber Passenger Says He Was Injured During Ride. Then His Insurance Hires A Private Investigator To Check His Story "I get there at 8. At 8:15, he’s in the car..." Motor1 · Sep 16
Govt tells cab aggregators to stop advance tipping before rides, calls practice misleading and unfair Due to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorities have deemed this tactic an unfair trade practice, resulting in Rapido being fined ten lakh rupees. As investigations into Uber and Ola persist, it’s established that tipping must remain at… The Economic Times · Sep 16
Government orders cab aggregators to stop advance tipping before ride booking The government has ordered cab aggregators to cease advance tipping options. This practice was deemed misleading and unfair by consumer affairs officials. Rapido faced a ten lakh penalty for unfair business practices and dark patterns. Investigations into Uber and Ola's practices are currently underway. Tipping remains a voluntary consumer choice… The Economic Times · Sep 16
In 2011, Ashton Kutcher invested $500,000 in Uber; 5 years later, his stake was worth more than $60 million as the ride-hailing company expanded In 2011, Ashton Kutcher invested $500,000 in Uber when the ride-hailing startup was still finding its footing. Five years later, his stake was reportedly worth more than $60 million as Uber expanded rapidly and its valuation soared. What began as a relatively early investment became one of Kutcher’s most notable… The Economic Times · Sep 15
84-Year-Old Uber Driver Reveals Why She Still Can't Afford to Retire and Her Warning to Younger Americans At 84, former nurse Sharon Albrecht drives for Uber because Social Security and a lack of retirement savings mean she cannot afford to stop working. International Business Times UK · Sep 15
The Economic Times · Sep 15 In 2015, Beyonce accepted about $6 million in Uber stock instead of cash for a performance; 4 years later, the company went public at an $82 billion valuation Beyoncé and Uber story remains a striking example of how celebrity culture, technology startups and equity compensation converged during Silicon Valley’s explosive growth years. In 2015, accepting reported Uber stock instead of cash for a performance could have looked like an unconventional compensation choice.
The Economic Times · Sep 15 In 2013, Jay-Z invested about $2 million in Uber; 6 years later, his stake was estimated to be worth around $70 million Grammy-winning rapper JAY-Z built a vast empire beyond music. His early $2 million Uber investment grew significantly in value. He also founded Roc Nation and acquired the streaming service TIDAL. JAY-Z's philanthropic efforts include the Shawn Carter Foundation. He is recognized as the first hip-hop artist to achieve billionaire status.
The Economic Times · Sep 15 Rapido faces Rs 10 lakh penalty over ‘pay more, get a ride’ prompts, dark patterns in app The Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading interface designs. Rapido used dark patterns like 'Confirm Shaming' and 'Interface Interference' to nudge riders. The authority also found the platform guilty of misleading advertisements and unfair contract terms. This action follows a sector-wide examination into advance tipping…
Latin Times · Sep 15 Miami Republicans Challenge ICE Detention of Nicaraguan Journalist Luis Galeano as Exile Community Sounds Alarm The detention of exiled Nicaraguan journalist Luis Galeano by U.S. immigration authorities is provoking an unusual backlash from South Florida Republicans, press-freedom organizations and members of Miami's Nicaraguan community, who warn that deportation could place his life in danger.
Fortune · Sep 14 Uber’s CEO says cutting 3,300 corporate jobs could help lower the price of your next ride Dara Khosrowshahi said AI has partly created a “tailwind” for the company on productivity.
Barchart · Sep 14 The EV Bubble Has Burst. How to Play Rivian Stock Now. While Rivian is a quality name in the EV industry, the risk-reward is not too favorable at these levels.
Barchart · Sep 13 Wonder Deal, $240M Cash, and 31% Short Interest. A Short Squeeze Could Be Brewing in Serve Robotics Stock. Serve Robotics combines a cash-rich balance sheet and 31% short interest with a new Wonder delivery partnership. Yet SERV stock isn't moving in the right direction.
Barchart · Sep 13 Walmart Just Declared War on DoorDash and Uber Eats, But Winning Won't Be Easy for 1 Simple Reason Walmart's new delivery push looks easy for now, but the hard part against DoorDash and Uber Eats is still to come.
InsideEVs · Sep 11 Europe's First Truly Driverless Robotaxi Just Started Rides In Croatia A little known Croatian startup backed by Rimac is leading the way for robotaxis in Europe, with help from a Chinese AV company.
The Guardian - UK · Sep 11 Self-driving cars should be taxed to offset job losses, thinktank urges Report says widespread autonomous vehicle adoption would put hundreds of thousands of private hire jobs at risk
Barchart · Sep 10 This Analyst Just Downgraded Uber Stock. Here's Why. Arete Research downgrades Uber stock to "Neutral." Here’s why analyst Oliver Lester warned that there’s little to no further upside left in UBER shares.