Tag: Uber
For Uber and Lyft, this week has been a wild ride
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Uber and Lyft have been on quite a ride this year. After enjoying modest gains earlier this year thanks to an improved profitability forecast from Uber, the two companies saw…
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Anthony Levandowski pleads guilty to one count of trade secrets theft under plea deal
Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of lawsuit between Uber and Waymo, has pleaded guilty to one count of stealing trade secrets while working at Google under a plea agreement reached with the U.S. District Attorney. While Levandowski still faces a possible…
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US stocks open lower, erasing recent gains and plunging shares deeper into bear territory
The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid package — including the potential for a direct payout to most American workers. Domestic indexes had risen sharply…
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Uber suspends Uber Pool shared rides in the U.S. and Canada to help limit coronavirus spread
Uber has suspended its shared ‘Uber Pool’ class of rides, the company announced on Tuesday. The Uber Pool option would match up to three passengers together in one vehicle based on their destination, and Uber said in a statement from Uber Rides and Platform Vice President Andrew Macdonald that the…
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The hidden cost of food delivery
Noah Lichtenstein Contributor Noah Lichtenstein is the founder and managing partner of Crossover, a diversified private technology fund backed by institutional investors, technology execs and professional athletes and entertainers. More posts by this contributor What Studying Students Teaches Us About Great Apps I’ll admit it: When it comes to food,…
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San Francisco’s shelter-in-place order does not apply to gig workers
Earlier today, San Francisco Mayor London Breed announced a shelter-in-place order in an attempt to slow the spread of COVID-19. The order legally requires people to stay home as much as possible unless it’s essential that they leave to do things like go to the grocery store, buy gas or…
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