February 29, 2024
Uber Lets Parents Put the Brakes on Teen Spending
Last year, Uber began offering highly supervised services to young passengers. Now, the ride-hailing and delivery company is giving parents even more oversight into how their kids use the app, with a monthly...
February 28, 2024
InDrive Launches Lending Solution for Drivers on Its Rideshare Platform
InDrive, a global mobility and urban services platform, introduced a new financial services product called inDrive Money. The offering provides cash loans to drivers operating on its platform in Mexico,...
February 28, 2024
Antitrust Risks Involving Algorithmic Pricing: The Brazilian Experience
This article deals with the Brazilian antitrust authority (the Administrative Council for Economic Defense – “CADE”) experience on the topic of algorithms and artificial intelligence, specifically in the analysis of...
February 27, 2024
Report: Shein Mulling UK IPO, Deeming US Approval Unlikely
Shein is reportedly rethinking its U.S. initial public offering (IPO) due to regulatory resistance. Instead, the fast-fashion brand is weighing going public on the London markets, Bloomberg News reported Monday (Feb. 26),...
February 26, 2024
Amazon Joins Dow Jones as Index Embraces Connected Economy
The digital economy has come full-force to Wall Street. To be sure, there are thousands of tech-heavy companies — asset light, digital first, perhaps digital-only players trading on various exchanges. ...
February 23, 2024
Report: Uber Considers Investment in African Vehicle Financing Startup Moove
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and...
February 23, 2024
Grab Holdings Leverages AI in Drive Toward Full-Year Profitability
Grab Holdings, the Southeast Asian ride-hailing and delivery specialist, reportedly aims to achieve full-year profitability by focusing on organic growth and investing in artificial intelligence (AI) technologies. The company is...
February 22, 2024
Grab Users Boost Digital Bank Adoption as Delivery, Ride-Hailing Businesses...
Singapore’s Grab reported its first-ever quarterly profit on Thursday (Feb. 22). This, despite a cautious outlook for annual sales as its ridesharing and food delivery operations in the “fertile” Southeast...
February 15, 2024
Report: Sen. Marco Rubio Asks SEC to Block Shein IPO
Sen. Marco Rubio, R-Fla., is reportedly asking the Securities and Exchange Commission (SEC) to prevent fast fashion platform Shein from its bid to list publicly in the U.S. market. The senator...