Tag: Uber
Venture investing in elder tech
Will Robbins Contributor Senior citizens are not early adopters of new technology; many of our 65+ friends and family might not use much tech in the first place. That said, two-thirds of America’s 50 million seniors use the internet and more than 40% own a smartphone, according to a 2017…
Read More
How Bykea is winning Pakistan’s ride-hailing and delivery market
With less than $7M in VC funding, the startup is beating Uber Manish Singh 9 hours Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s…
Read More
Indian ride-hailing firm Ola to launch in London on February 10
Ride-hailing firm Ola will begin operations in London on February 10, it said today as the Indian firm slowly expands into new international markets and widens its competition with Uber, another SoftBank portfolio firm. Ola said it will be “fully operational from day one” in London, where it has signed…
Read More
SoftBank wants its on-demand portfolio to stop losing so much money
SoftBank wants its competing portfolio companies to stop losing so much money and, in some cases, to merge. That’s the news out from the Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal. The two companies, each heavily…
Read More
Lyft confirms 90 layoffs as it targets profitability
Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after the New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as…
Read More
Trump’s travel ban could extend to Africa’s top tech country, Nigeria
The Trump administration is poised to add several African countries to a U.S. travel ban list, including Africa’s top tech hub, Nigeria. Politico first reported the White House is considering Tanzania, Eritrea, Sudan and Nigeria for new travel restrictions, to coincide with the three-year anniversary of Trump’s original executive order,…
Read More