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…
Uber’s London License Appeal Begins Today
Uber’s appeal to overturn a ban on its operation in London begins today. The hearing, which opens at Westminster magistrates court, is expected to last several days, and represents the latest chapter…
The Uber-Waymo Case Could Speed Up Regulatory Action
Industrial subterfuge is nothing new. In 1712 Father Francois Xavier d’Entrecolles brought porcelain-making trade secrets back to Europe from China. Since then espionage cases have been scattered throughout history like invisible ink…
Khosrowshahi vs London: Uber’s CEO Faces Biggest Challenge Yet
“There is a high cost to a bad reputation”: that was new Uber CEO Dara Khosrowshahi’s response to his employees, as British capital London became the highest profile city to refuse to…
DiDi Makes Next Move in Ride-Hail ‘Game of Risk’ with Careem Investment
China’s DiDi Chuxing has made another big move in the global ride-hailing market, by partnering with Middle Eastern brand Careem. The Dubai-based firm claims to be present in 80 Middle Eastern cities,…
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…
Didi and SoftBank to Pour $2bn into Taxi Firm Grab
DiDi Chuxing and SoftBank are investing a combined $2 billion in Grab, formerly known as GrabTaxi, Southeast Asia’s premier ride-hailing app. The company, which operates in 65 cities across seven nations, is…
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…