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ride-hailing-apps / 9 posts found

Uber decides to stop competing in Russia, merges business with Yandex

by Jason
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Yandex only.Image: Shutterstock / Mikhail Leonov Like the rest of us, Uber doesn’t want to spend too much more time thinking about Russia. The ride-hailing giant is combining its business with Russia’s Yandex to form a new company in eastern Europe valued at $3.7 billion, Uber announced Thursday. Uber is tossing in $225 million for the new company and hold on to 36.6 percent ownership. Yandex will contribute $100 million and get 59.3 percent, meaning it will control the company but have plenty of coordination with Uber. The deal is similar to Uber’s approach in China last year. In August […]

Uber faces another hit in a legal suit in France

by Jason
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Image:  MARY ALTAFFER/AP/REX/SHUTTERSTOCK July isn’t looking so bright for Uber. The ride-hailing giant, which has faced an onslaught of scandals since January, was just hit with another blow that could severely impact its growth in Europe. A new recommendation from the senior adviser to the European Union’s highest court says Uber should be classified as a taxi service in France, the New York Times reported Tuesday. SEE ALSO: This one number shows how powerful Uber still is around the world That ruling, if it comes to be, would subject Uber to more rules related to safety and employment. In good […]

Get a free protein bar or Altoids in your Uber with new startup Cargo

by Jason
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Get some Altoids in your Uber.Image: cargo Anyone who’s been stuck in bumper-to-bumper traffic in an Uber probably could have used a pair of headphones or an Altoid at some point. Cargo is a new startup that promises to provide those random items you’d be happy to have mid-ride and, more importantly, offer another source of income for ride-hailing drivers. SEE ALSO: A top advocate for women in tech shares 5 ways companies can learn from Uber’s mistakes Cargo partners with brands to put candy, protein bars, tampons, and condoms in a case that sits within reach of passengers. The […]

Uber board member resigns after making ridiculous, sexist joke

by Jason
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Image: ERIC RISBERG/AP/REX/SHUTTERSTOCK Update, Tuesday June 13, 6:30 pm PST: An Uber board member who made a misogynistic remark in a meeting to address the company’s systemic sexual harassment resigned late Tuesday, an Uber spokesperson confirmed. David Bonderman reportedly caused a stunned silence at an all-hands meeting earlier in the day when he joked that a company board with more than one woman means “it’s more likely that there will be more talking,” according to leaked audio. He later apologized. “Today at Ubers all-hands meeting, I directed a comment to my colleague and friend Arianna Huffington that was careless, inappropriate, […]

Uber just lost its head of business

by Jason
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Image: bloomberg/getty images Emil Michael, an executive known to be very close with Uber CEO Travis Kalanick, is out at the ride-hailing company, the New York Times reported. Uber confirmed the departure to Mashable and had no additional comment. You probably didn’t know his name, but Michael was one of the most powerful people at the ride-hailing service used by millions around the world. he was the close confidant of CEO Travis Kalanick and served as the senior vice president of business, meaning he helped locked down all those big partnerships to make Uber the global tech giant that it […]