Snapchat Lost More than $100 Million in 2014
Popular social media service Snapchat lost more than $100 million during an 11-month period in 2014, according to leaked financial documents from the company.
Tag: Uber
Uber Lowers Drunk Driving Arrests in S.F.–Dramatically
Uber’s low-cost service, UberX, reduces drunk driving deaths all over California and may be responsible for a drop in DUIs on NYE.
Judge Dismisses Taxi Lawsuit Against Uber
A group of 13 Connecticut taxi and livery companies and the Taxicabs and Livery Council of Connecticut filed a lawsuit in May of last year against Uber and Lyft, claiming that they had created “illegal transportation services that violate federal and state laws and regulations,” and that the companies “deceive customers about the fares they must pay, the safety of the cars and drivers transporting them, the insurance coverage available, and the legality of their offered services.”
Hong Kong Police Declare Uber Illegal, Raid Offices
HONG KONG (Reuters) – Police raided the Hong Kong offices of taxi-hailing service Uber Inc on Tuesday and arrested five drivers for the “illegal use of vehicles for hire”, police said.
WATCH: Toyota Prius Bursts into Flames on Euston Road, London
The video below shows the dramatic moment when an “eco-friendly” Toyota Prius burst into flames on the Euston Road in London last night. The London Ambulance Service told the Evening Standard: “We were called at 11.52pm yesterday to reports of
Caught on Tape: Mexico City Cabbies Attack Uber Drivers
A horde of angry taxicab drivers attacked users of the ride-sharing app Uber in Mexico City. The assailants vandalized various cars in an effort to halt the use of the app.
Apocalypse Now?
“Death to America!” scream Iranians who have just negotiated an agreement that has won them invaluable concessions from Americans, which includes the releasing of over $100 billion in assets that had been frozen. That deal assures that in fifteen years
Planned Parenthood’s ‘Hacked’ Website Looks Like PR Stunt
The alleged hacking followed several weeks of extremely negative press for Planned Parenthood in response to videos released by the Center for Medical Progress (CMP). Intriguingly, while PP’s website does not show any negative changes from the alleged hackers, it does display a message that many critics are challenging is a public relations stunt. Even if PP was legitimately targeted by hackers over the weekend, there are a number of indicators that at this point, their website issues have been deliberately triggered.
Uber Threatens Democrats’ Lock on Millennials
Progressive New York Mayor Bill de Blasio’s supposed effort to end social inequality by crushing Uber was curbed last week when his liberal city council allies were blindsided by a viral millennial generation revolt in favor of the ride-sharing app.
Jay Z Invests in Uber for Private Jets
Rapper and businessman Jay Z has put his money in a mobile app that helps its users book on-demand private jets, though a service that is being billed as Uber for flying.
New York Mayor de Blasio Dumps Plan to Squelch Uber’s Growth
Last week New York Mayor Bill de Blasio announced a move to put a cap on the growth of the popular smartphone app-based transportation company Uber. He planned to limit the number of cars Uber would be allowed to field across the city. But this week, in the face of criticism, de Blasio has abandoned his plan.
Uber Wins Fight Against New York Mayor Bill De Blasio—for Now
Uber just won a huge political battle. New York Mayor Bill de Blasio has dropped a proposal to place caps on the number of Uber cars on city streets, according to a statement released by Uber’s New York general manager Josh Mohrer.
How Much the Self-Driving Version of Your Car Will Save on Insurance
(Ferenstein Wire) — Self-driving cars will save the average driver about $1,000 annually, or cost $250 a year total, according to estimates from auto insurance startup Metromile.
Extreme Roman Heat Triggers Ban on Horse-Drawn Carriages
A city ordinance banning the use of horses to pull the traditional carriages around Rome went into effect Thursday, in response to a wave of 100+ degree weather that is said to threaten the horses’s lives.
Bush Ubers to Meeting With Techies in San Francisco
Former Florida Governor and 2016 Republican presidential candidate Jeb Bush arrived in San Francisco on Thursday as part of his latest fundraising binge, during which he met with members of the tech sector and reportedly fielded “tough questions” from those present.
LAX Allows Uber, Lyft to Pick Passengers up from Airport
On Thursday, the Los Angeles International Airport (LAX) Board of Commissioners finally granted Uber, Lyft and other ride-sharing services the green light to pick up passengers, making LAX the the second-busiest and largest U.S. airport to do so
Uber Faces Doom as CA Judge Recommends Suspension
California Public Utilities Commission (CPUC) Chief Administrative Law Judge Robert Mason recommended that ride-sharing service Uber be suspended from operating in California for 30 days and fined $7.3 million for wilfully violating its 2013 CPUC settlement by failing to provide data proving that Uber and its California drivers do not discriminate on the basis of ethnicity, neighborhood or medical disability in picking up passengers.
Uber’s Clever Reply to NY Mayor Bill de Blasio’s Attempt to Hamper Its Growth
In a blatant attempt at protectionism for the Big Apple’s taxi companies, New York Mayor Bill de Blasio recently announced plans to put the breaks on the growth of the Uber on-demand car service. Uber’s response was immediate and clever.
Hillary Clinton’s Big Speech Leaves Uber and Airbnb’s Future in Limbo
Hillary Clinton just laid out her economic agenda, and ambiguous statements about companies like Uber and Airbnb leave the entire sharing economy industry in limbo. Clinton said she “vows to crack down on employers who misclassify workers as independent contractors.” She also noted that the “so-called gig economy offers exciting opportunities but raises hard questions about workplace protections and what a good job will look like in the future.”
Millennial Shock: Hillary to Attack Uber, Airbnb, ‘Sharing Economy’
In a speech laying out her economic policy, Hillary Clinton is set to attack companies like Uber and Airbnb in the “sharing economy” or “contractor economy,” arguing that such companies undercut wages. Her proposed alternative is to use government regulations to guide economic activity. Previews of her speech have set off alarm bells in Silicon Valley, and are sure to surprise millennial consumers, whose loyalty to the Democratic Party has has largely been blind, and who presumed that the party of government shared their love for technology.
China’s Taxi Monopolist Rises $2B. Here’s How It Compares to Uber
Ferenstein Wire—China’s taxi-hailing monopolist, Kuaidi, has raised a whopping $2B to compete with the surging presence of Uber. Kuaidi controls 99.8 percent of the taxi hailing app market, after it recently merged with its Chinese competitor, Didi. Even with about
French Reject Striking Unionised Taxi Drivers And Flock To Uber Instead
French taxi-drivers have had a kicking from the free market as travellers reject the unionised, expensive traditional cabs and instead joined the Uber service in record numbers. French taxi drivers rioted against the insurgent Uber taxi app last week, inadvertently
A Silicon Valley Startup Explains Why They’re Ditching Freelancers
As Uber and other Silicon Valley startups come under legal pressure for employing an army of full-time freelancers, a well-funded new startup has decided to completely switch its workforce to staffed employees with full benefits (“W2” workers).
Uber France Executives Arrested After Taxi Union Trashes Uber Cars
Uber Europe GM Pierre-Dimitri Gore-Coty and Uber France CEO Thibaud Simphal were both taken into custody Monday in Paris according to AFP News. The police started an investigation of Uber in November 2014 and raided their Paris offices in March. But the arrests came after Paris police failed to intervene last week as French taxi union thugs trashed Uber cars and threatened passengers.
French Uber Bosses Arrested As Government Crackdown Continues
The CEO of Uber France and the general manager of Uber (Europe) have been arrested amidst violent protests in Paris against the app-based taxi service. The arrests mark the latest skirmish in the war between the French government and Uber. According to
