Chubb, the insurance company, has partnered up with Sure Inc., a startup, to sell insurance to users of ride-hailing apps including Uber. The Wall Street Journal reported that Sure has created a product that gives passengers of ride-hailing apps accident and death coverage on a...
Call it the Uber effect: A record 139 New York City taxi medallions will be up for sale in bankruptcy auction this month as cab drivers continue to struggle to compete with ridesharing apps. According to The New York Post, bidders will be able to...
Dockless bikes have been on the rise – or at least the roll – throughout the major metros of Europe, giving potential riders access to bike rides wherever they want to go. And Uber wants in on the race, even if the bikes are competing...
Drivers of Grab, based in Southeast Asia, can now turn their cars into mini convenience stores. According to TechCrunch, the ride-hailing company has teamed up with U.S. startup Cargo to sell a selection of items to passengers during their ride. Cargo says drivers can earn up to...
Lyft will buy the bike-sharing company Motivate, according to report in The Information. The potential deal follows a similar move by Uber in April. Motivate will cost Lyft at least $250 million, according to unnamed sources in the report. Uber spent $200 million to acquire...
To help retain drivers on its platform, Uber is raising its fares in cities such as Washington, D.C., San Francisco and Los Angeles. The increases have come to both “time and distance” rates as well as “booking fees,” Financial Times reported. “We have to make...
Mobike, the Chinese bike sharing company, is dealing with a growing problem of theft in Mexico City, the market it entered this year. Reuters, citing app customers, reported that theft has been so expansive during the past few days that users have complained that there...
Warren Buffett has confirmed that he has held talks with Uber, with reports saying that his company, Berkshire Hathaway, offered Uber a $3 billion investment earlier this year. “I’m a great admirer of [Uber CEO Dara Khosrowshahi],” Buffett told CNBC. “Some of the reported details...
Uber was able to turn a $2.5 billion profit during the first quarter of 2018, due to the company selling its Southeast Asian business to Grab and its Russian business to Yandex. According to Bloomberg, Uber revealed it has $6.3 billion in cash, not including...