Ride-hailing giants Uber and Lyft both reported promising Q2 results this week, as they took advantage of a post-Covid boom in travel. Uber posted its first ever cash-flow positive quarter. The Silicon…
Uber Stocks Tumble, as Company Ponders Coronavirus Driver Suspension
Uber’s share price has plummeted almost 10%, as the ride-hail company scrambles for solutions amid the Coronavirus outbreak. Uber is one of a number of firms—including rival Lyft, whose price dropped 11.8%—whose…
Scooter Firm Bird to Hit $2bn Value with Huge Funding Round
Electric scooter startup Bird is on the verge of a $2 billion valuation, as it prepares to close a $300m funding round. The Venice, CA-headquartered company, which has already raised $115m, will…
As May Day Arrives, will Silicon Valley’s Workers Unite?
May Day, also known as International Workers’ Day, is not well observed in the United States. But it is, in fact, an American invention – adopted as a result of the Haymarket…
Hackerbay is Harnessing the Dark Arts – And It’s Winning
If you press the buzzer at Hackerbay’s Berlin office, no-one comes to the door. Instead, its team have built a custom door-answering machine, with cantilevered arm and camera, that can check you…
Is Uber on the Wane? Don’t Bet on it Yet
Earlier this week DiDi Chuxing and SoftBank plowed $2 billion into Grab, the largest ride-hailing company in Southeast Asia, valuing it at around $6bn. “Markets everywhere are still at infancy stage with…
Kalanick’s Dramatic Uber Departure: Too Little, Too Late
First, a disclaimer: losing a parent is a horrendous and painful ordeal. We at Red Herring do not want to lose sight of the grief and loss Travis Kalanick must still be feeling,…
Lyft Paints it Black with New Luxury Services
Ride-hail firm Lyft has added two high-end options to its service, as the company looks to muscle in on Uber’s luxury travel market. Lyft Lux and Lyft SUV will launch across five…
Tech Leaders Rebuke Trump’s Travel Ban
Leaders across Silicon Valley have condemned President Donald Trump’s latest immigration rules, which have resulted in derision and protests in the United States and beyond. The executive orders, which suspend refugees from entering…