Instead of cars, why not build drones that can pick up the person and fly them to wherever they want to go. Is Google or whoever not looking into building an aerial highway?
Uber Founder Travis Kalanick Sells 20M Shares Amid IPO Lockup Expiration(Benzinga) Uber Technologies Inc (UBER) is down another 13.3% in the past week as the stock endured heavy selling pressure surrounding its IPO lockup expiration on Nov. 6. New SEC filings have revealed one of the biggest sellers of Uber stock following the expiration was Uber founder Travis Kalanick. What Happened: Filings have revealed Kalanick sold 20 million shares of Uber stock last week worth a total of more than $546 million. Kalanick was dumping shares at price ranges of between $26.65 and $27.40.
High-flying startups are offering Uber for… flying helicopters over Ubers Ever fantasize about commuting to work on a lavish helicopter, a laSuccession’s Logan Roy? Several companies are attempting to make beating traffic (by flying over it) a reality, according to a report in theSan Francisco Chronicle. Most of the flight-share innovation has centered on San Francisco’s Bay Area -- where egregious congestion (which grew by60%from 2010-16) makes even short-distance commutes hours-long headaches -- but expansions to several other metropolitan areas are in the works. So, who are the main players? The biggest provider isBlackBird, an app that connects pilots and planes directly to commuters on an on-demand basis for trips in California at prices as low as $69, without the hassle of security lines. The company has already raised $16m. Another startup calledVoom, which is owned by aviation giant Airbus, specializes in easing short-distance commutes, with service from SFO to Napa (25 minutes), San Jose (20 minutes), and Oakland (15 minutes). At $200-$270 per trip, pricing remains high for anyone without stock options, but Voom’s speed and range are impressive. And in 2023,Uber Elevatewill launch a short-haul service (the marketing video makes it look cooler than the Jetsons) in Dallas, Los Angeles, and Melbourne. But there are still significant challenges to scaling up First, there’s the noise. Activist groups, like Residents Opposed to Airport Racket (ROAR), will lobby against increased noise pollution, a proven menace to public health. Then, there are concerns about safety. Ride-sharing companies haven’t done a stellar job hiring drivers. Will users (or the FAA) trust non-experts to hire pilots? Finally, they’ve also got to think about emissions. Environmentally conscious consumers will opt out for carpooling, electric vehicles, or public transit. But electric planes, like the ones Uber Elevate is developing, could cancel out these concerns. Until 2023, enjoy rush hour.
Uber Assaults Uber has published its long-awaited safety study, revealing that there were 3,000 sexual assaults reported on its U.S. rides alone last year, including 235 rapes. There were also 107 car-related fatalities in 2017 and 2018, and 19 fatal physical assaults. Chief legal officer Tony West: "Confronting sexual violence requires honesty, and it’s only by shining a light on these issues that we can begin to provide clarity on something that touches every corner of society." Fortune
Dude was ousted almost 2 yrs ago. Not a good look for Uber, but it's not like Kalanick is involved with the company beyond owning stock any longer.
Uber Stock Uber co-founder Travis Kalanick continues to offload his stock, following the Nov. 6 end of his share lockup. He got rid of $350 million in stock this month alone, with the remainder now accounting for only a fifth of his $3 billion fortune, down from three quarters before the lockup ended. Fortune