Lyft adds driver features because Uber and Lyft can’t stop one-upping each other

If you can’t keep up with every new feature ride-hailing apps Uber and Lyft keep dropping, it’s not just you. The two have been one-upping each other nonstop in recent months with rider rewards programs, subscription plans, and even customer feedback…

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Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Tarform debuted new e-motorcycles but is there a U.S. market? Naspers announces $300 million initiative to support startups and tech in South Africa Africa’s VC landscape is becoming more […]

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Uber launches program to reward high-performing drivers

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Driving for Uber isn’t always the most rewarding experience. Strangers puke in your car. Riders tip poorly. You might not break even if you’re leasing a car. A recent driver survey from ride-sharing guide Ridester showed the average hourly wage is not even $15.

So Uber has devised a reward program called Uber Pro to motivate and recognize hard-working and committed drivers — and it’s not just about cramming the most rides into a day. Uber wants to reward drivers who offer a high-quality experience and are dedicated to their driving duties.

On Thursday, Uber Pro debuted its pilot program in Seattle, Chicago, New Orleans, Orlando, Tampa, Phoenix, Denver, and New Jersey. Based on how it goes, Uber hopes to expand across the country and eventually internationally. Read more…

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Building a great startup requires more than genius and a great invention

Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy.

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African financial technology startups move beyond payment services

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor African financial technology startups move beyond payment services Africa Roundup: Paga goes global and 4 startups raise $99M in VC If mobile money was the first phase in the […]

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Investors are tuning out Sonos after a disappointing quarter

Sonos stock is still struggling to recover after a disappointing earnings report sent shares of the audio hardware manufacturing company plummeting. The stock is currently down over 18 percent in trading on the Nasdaq after yesterday’s news that the company lost 45 cents per share on revenues  of roughly $208 million for the quarter. The […]

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Didi makes more safety changes — and will pause night services while it does

Chinese ride-hailing giant Didi has detailed further safety measures incoming to its platform following a second murder of a female passenger last month. The 20-year-old woman had been using Didi’s Hitch carpooling service in Zhejiang, a province in the east of China, during the day. Another female user of the p2p service was murdered in May, after […]

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The collapse of ETH is inevitable

Jeremy Rubin Contributor Share on Twitter Jeremy Rubin is currently a technical advisor to Stellar, a Bitcoin Core Contributor, investor and advisor to early-stage crypto startups, starting a company for Bitcoin scalability and privacy solutions, and a freelance consultant for cryptocurrency tech fundamentals and due diligence. Previously, Jeremy also co-founded the MIT Digital Currency Initiative, […]

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China’s Didi suspends carpooling service after another female passenger is mudered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatally is the second such incident this year after a passenger was murdered in May. Police this weekend arrested a man who is accused of raping and […]

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Google acquires GraphicsFuzz, a service that tests Android graphics drivers

Google has acquired GraphicsFuzz, a company that builds a framework for testing the security and reliability of Android graphics drivers. The news, which was first spotted by XDA-Developers, comes on the same day Google announced the release of Android 9 Pie. A Google spokesperson confirmed the news to us but declined to provide any further […]

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Twitter vows to continue spam fight despite negative impact on user numbers

Twitter has no intention of easing up on its fight against spam users and other factors that jeopardize the “health” of its service, despite the approach costing it three million in ‘lost’ monthly active users. Investor panic sent Twitter’s stock price down by nearly 20 percent in early trading today following its latest financial report. […]

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Uber’s Indian rival Ola is aiming for an IPO in 3-4 years

Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational […]

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