car sharing

  • Lyft goes international with Toronto launch

    Lyft goes international with Toronto launch

    Lyft has officially opened for business in Toronto, its first market outside the U.S. The Canadian expansion was announced last month, and December 12 is the first day of official operations with ride-hailing services available in the city. Lyft service in Toronto includes standard Lyft service, Lyft Plus, Lyft Premiere, Lyft Lux and Lyft Lux SUV rides. Read More

  • Uber’s losses grew to $1.5 billion last quarter

    Uber’s losses grew to $1.5 billion last quarter

    Uber has given its shareholders an update on the company’s performance and it’s definitely in the red. The global ridesharing company lost $1.46 billion in just the third quarter. This compares to negative $1.06 billion in the previous quarter. But net revenue also went up from $1.66 billion to $2.01 billion. Gross bookings grew to $9.71 billion, versus the $8.74 billion in the… Read More

  • Uber data breach from 2016 affected 57 million riders and drivers

    Uber data breach from 2016 affected 57 million riders and drivers

    Uber faced a data breach in 2016 that affected some 57 million customers, including both riders and drivers, revealing their names, email address and phone numbers. That affected group included 50 million riders and 7 million drivers; around 600,000 driver license numbers for U.S. drivers were also included in the breach, according to a new report from Bloomberg. Read More

  • Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app

    Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app

    Chinese internet giant Baidu is continuing its push into the automotive space after it led a RMB 1.3 billion ($195 million) Series B investment in Shouqi Limousine & Chauffeur, an offshoot of the state-owned Shouqi Group which was Beijing’s first licensed ride-hailing app. NIO Capital, the investment arm of billion-dollar electric car startup NIO, and Silk Road Huachuang joined… Read More

  • Uber adds live location sharing and more for easier pickups

    Uber adds live location sharing and more for easier pickups

    Uber has added some updates to its rider app designed to make the pickup process easier in time for the busy holiday travel season. The biggest change is probably that you can now do live location sharing within the app, letting you temporarily share with your driver exactly where you are – all within your control from the main Uber screen. This should help avoid those moments when… Read More

  • Uber CEO says 2019 is the target for IPO

    Uber CEO says 2019 is the target for IPO

    Uber CEO Dara Khosrowshahi was on stage at the New York Times’ Dealbook conference today, and the ride hailing company’s top executive put a timeline on Uber’s plans for going public. Khosrowshahi, who took over as CEO after founder Travis Kalanick stepped down earlier this year, said early on that an IPO for Uber was part of his plans, and that it would happen in the next 18… Read More

  • Uber rival Grab crosses 1 billion rides in Southeast Asia

    Uber rival Grab crosses 1 billion rides in Southeast Asia

    Grab, Uber’s fierce rival in Southeast Asia, announced today that its service has crossed one billion completed rides. The firm hit the milestone on October 26 when 66 concurrent trips from across its seven markets took it into ten-figure territory . The company started out in Malaysia in 2012, and today it covers 142 cities across Singapore, Malaysia, Indonesia, Thailand, Vietnam… Read More

  • Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

    Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

    Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today. Grab is present in seven markets across… Read More

  • Uber introduces a credit card

    Uber introduces a credit card

    Uber is getting into the credit card business. Announced today in partnership with Barclays and Visa at the Money2020 conference in Las Vegas, the new card gives Uber yet another point of access to incredibly valuable customer information and marks another front in its campaign to assume a larger role in online and offline commerce. Read More

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