All posts in ridesharing
After losing billions last year, Uber now says it could become profitable in 2020
Uber says it could become profitable by the end of the year, even as it reported another quarter of heavy losses in 2019, according to The Verge. The ride-hailing firm posted losses throughout 2019. Last week, they reported $1.1 billion in fourth-quarter losses, down from second-quarter losses that reached $5.2 billion. The company says it lost […]
Indian ride-hailing firm Ola will launch in London, where Uber faces the loss of its license
The Indian ride-hailing firm Ola will launch in London this February, after transit authorities revoked Uber’s license to operate in the city last year, according to Business Insider. The service launched in other UK cities in 2018, and was granted a 15-month license to operate in London last July. To gain a foothold in the UK’s […]
Co-founder and former CEO Travis Kalanick steps down from Uber’s board
Uber co-founder Travis Kalanick will step down from the company’s board at the end of the year, cutting ties with the ride-sharing platform and selling the rest of his shares, according to Ars Technica. Investors ousted Kalanick as Uber’s CEO following a series of scandals and scrutiny of the company’s workplace culture in 2017, but he […]
German Carpooling.com plans US launch, but is the hearth safe?
Yesterday, TechCrunch announced that the German Carpooling.com, a ridesharing marketplace, raised $10M to launch in the US — this is about as far as I can get into the article giving full disclosure that I am a HUGE fan of BlaBlaCar, the France-based competitor who raised $10M to spread across Europe earlier this year. Not only was […]