Here’s a new mini-crisis for Uber’s new CEO: Transport for London, the taxi regulating service in London, announced today that it would not be renewing Uber’s license to operate because of concerns over the company’s “lack of corporate responsibility” in relation to public safety issues.
The ride-hail company, which launched in London in 2012, is appealing the TfL’s decision and will be allowed to continue to operate until a court makes a decision on that appeal. That process could take months.
London is a significant market for Uber: The company says there are 40,000 drivers and 3.5 million riders on its platform in London. And like New York City, it is one of the most regulated markets where Uber operates. Unlike most markets across the U.S., Uber drivers in London and New York City are required to participate in government-administered background checks. Read More
The company has rolled out a "Scheduled Rides" feature to all five city boroughs
This means users looking to lock in a ride during heavy commute times, or for early pickups to the airport, may not have to wait as long for one to arrive.
Riders can schedule an Uber car to arrive anywhere between 15 minutes to 30 days before their desired pickup time. The feature is available across Uber's standard uberX and UberXL (SUV) vehicles, as well as its higher-end UberBlack, Uber SUVs and VIP options. Read More
Several folks started noticing self-driving Uber cars in downtown San Francisco yesterday, fueling speculation the ridesharing company could soon be deploying autonomous vehicles for commercial use right where it all started in the Bay Area.
Mattermark editor in chief Alex Wilhelm snapped a picture of a white Ford Fusion stopped at the intersection of Montgomery and Pacific. Read More
New businesses often struggle finding their first customers. The challenge is even more difficult with startups in the sharing economy that launch as platforms connecting independent service providers with consumers.
Taker Uber. Its platform is two-sided, connecting people who need rides with people who have rides to offer. (Same ideas as Airbnb, which connects people needing rooms with home-owners.) So to launch as a platform service, these companies need to find users on both the supply and demand sides. Read More
Uber Technologies Inc. has raised $1.15 billion from a new high-yield loan, according to a person familiar with the matter, as the ride-hailing company stockpiles cash to ward off regulatory and competitive threats around the world. Read More
The Philippines has just become the first country to develop nationwide ride-hailing regulations, making it legal for app-based transportation services like Uber operate anywhere in the nation. Read More
Uber Technologies Inc., the world’s most highly capitalized startup, plans to raise another large round of funding.
The San Francisco-based ride-sharing company briefed investors on its plans to raise between $1.5 billion and $2 billion in new funding, said people familiar with the matter. It expects the funding to value the company at $50 billion or higher, the people said, although they said Uber’s plans could change. Read More
Uber Technologies Inc. held a rally in Secaucus on Monday to protest pending legislation that company officials say, if passed as is, would spell the end of the popular UberX ride-sharing service in New Jersey. Read More
A campaign to help a cancer-stricken Uber driver pay off his mortgage succeeded over the weekend with more than $100,000 raised in less than one week. Read More