Category: Uber

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Startups Weekly: Uber’s headline-grabbing week and sextech at SXSW

sudshr47 March 16, 2019

In this week’s newsletter: The college admissions scandal engulfs TPG, Accel raises $2.5B for three funds and investing app Stash brings in $65M.

View More Startups Weekly: Uber’s headline-grabbing week and sextech at SXSW
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Uber’s IPO targets April, Stash stacks cash, and YC shakes it up

sudshr47 March 15, 2019

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a lot of fun. Connie Lozios took the captain’s chair in San Francisco while I manned the sails, and we had Female Founders Fund’s founder Anu Duggal in the studio to round out our crew. […]

View More Uber’s IPO targets April, Stash stacks cash, and YC shakes it up
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Uber said to be raising $1B at a $10B valuation for its self-driving car unit

sudshr47 March 13, 2019

The SoftBank Vision Fund is in talks to invest directly in Uber’s autonomous vehicle business, reports The Wall Street Journal.

View More Uber said to be raising $1B at a $10B valuation for its self-driving car unit
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Uber’s self-driving car unit was burning $20 million a month

sudshr47 March 12, 2019

Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ride-sharing company, which hopes to go public later this year, was spending $20 million a month on developing […]

View More Uber’s self-driving car unit was burning $20 million a month
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Uber agrees to pay drivers $20 million to settle independent contractor lawsuit

sudshr47 March 12, 2019

At a time when the gig economy is under heavy scrutiny around its practices of classifying workers as 1099 independent contractors, IPO-bound Uber has officially settled a six-year-long case regarding this exact topic. Today, Uber agreed to pay $20 million to settle the class-action lawsuit, brought forth by Douglas O’Connor and Thomas Colopy way back […]

View More Uber agrees to pay drivers $20 million to settle independent contractor lawsuit
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Uber looks into solution regarding drivers reportedly gaming for cancellation fees

sudshr47 March 12, 2019

Uber is looking into a solution for a small amount of drivers who reportedly game for cancellation fees.
It comes following a report by Nine on some drivers who claim they “game the system” by trying to force passengers to cancel trips, and receiving…

View More Uber looks into solution regarding drivers reportedly gaming for cancellation fees
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Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement

sudshr47 March 11, 2019

Nigerian startup Gloo.ng is dropping consumer online retail and pivoting to B2B e-procurement with Gloopro as its new name. The Lagos based venture has called it quits on e-commerce grocery services, shifting to a product that supplies large and medium corporates with everything from desks to toilet paper. Gloopro’s new platform will generate revenues on […]

View More Nigeria’s Gloo.ng drops consumer e-commerce, pivots to e-procurement
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Dozens of companies leaked sensitive data thanks to misconfigured Box accounts

sudshr47 March 11, 2019

Security researchers have found dozens of companies inadvertently leaking sensitive corporate and customer data because staff are sharing public links to files in their Box enterprise storage accounts that can be easily discovered. The discoveries were made by Adversis, a cybersecurity firm, which found major tech companies and corporate giants had left data inadvertently exposed. […]

View More Dozens of companies leaked sensitive data thanks to misconfigured Box accounts
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Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt

sudshr47 March 9, 2019

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow […]

View More Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt
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Uber pays $2.6M to settle historical charges it violated Dutch taxi laws

sudshr47 March 8, 2019

Another fine for Uber’s historical playbook: The ride-hailing giant has agreed to pay around $2.6 million (€2.3M) to settle charges in the Netherlands related to violations of local taxi law, dating back to when it was operating a peer-to-peer ride-hailing service in contravention of local transport laws. Uber offered its UberPop service in the Netherlands […]

View More Uber pays $2.6M to settle historical charges it violated Dutch taxi laws