Uber driver arrested in sexual battery of passenger in Moraga http://www.sfgate.com/crime/article...sexual-battery-of-11200757.php#photo-12587303
Lyft is turning Uber's missteps into an opportunity Lyft casts itself as the softer, kinder alternative to Uber. But there’s nothing gentle about the way the country’s second-largest ride-hailing company is capitalizing on its chief rival’s missteps. While Uber has been engulfed in months of turmoil, Lyft has raised an additional $600 million in funding tofuel its expansion.(Los Angeles Times)
Uber has lost over $2Billion real dollars in the last 24 months... they are just bleeding money. Many of their VC investors have been vocal about their displeasure with the way the company is being run. The thing is that they still have over $4Billion left to burn. Uber could go down as the biggest internet flop of all time. Maybe with the new leadership they can turn it around.
Uber books record revenue and rider numbers in Q2 Despite a seemingly never ending stream of negative publicity, ridesharing giant Uber Technologies Inc. has continued to go from strength-to-strength both in terms of revenue and rider numbers in the second quarter. (SiliconANGLE)
Food delivery a bright spot for Uber In a seemingly never-ending stream of bad news from ride-sharing unicorn Uber Technologies Inc., there’s actually some good news for a change with a report claiming that UberEats, the companies food delivery service, is not only going well but is increasingly profitable for the company. (SiliconANGLE)
Uber says it will bring its flying taxis to L.A. in 2020 In The ride-hailing firm announced Wednesday that L.A. will be one of the first cities served by UberAir, which it says will begin ferrying passengers across the region in electric aircraft in 2020. Aviation manufacturers such as Embraer, Bell Helicopter, Pipistrel, Aurora Flight Sciences, and Mooney Aviation will supply and pilot the aircraft. Uber will operate the software that passengers use to book a trip and take a commission. (L.A. Times)
Uber CEO announces timing for IPO Let the countdown begin: Uber will go public in 2019, CEO Dara Khosrowshahi revealed Thursday at a conference. Khosrowshahi, who in August took over leadership of the scandal-plagued ride-hailing giant after Travis Kalanick resigned in June, had said soon after taking the reins that the IPO would happen during the following 18 to 36 months. Kalanick remains on the company’s board. (Silicon Beat)