The lawsuit launched against former Uber CEO Travis Kalanick by investor Benchmark is officially over. According to a report in Recode, a judge dismissed the case in court proceedings Thursday (Jan. 25) on the heels of a settlement between Kalanick and Benchmark. Benchmark had previously said...
Two typical Uber use cases: Harried business traveler in a rush to get to the airport, who realizes three minutes after getting in the car that he’s left his headphones in his gym bag. Guy on his way to pick up his date on Saturday...
Many cities have bus systems, but they’re not always well-utilized by the majority of residents. The city of Arlington, Texas, located just outside Dallas, for example, had a single bus route — and discovered that most of its riders were students at the University of...
Uber’s CEO is making a bold prediction, stating that within the next decade, ride-sharing customers will be chauffeured around in flying cars. “There will be people flying around Dallas, Texas,” CEO Dara Khosrowshahi said at the DLD tech conference in Munich, according to Bloomberg Technology....
Many, but not all, cars meet Uber and Lyft’s standards. With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform. Lyft has similar requirements, too, although cars must be no older than 12 years...
Uber’s newest and largest shareholder, telecommunications firm SoftBank, wants the ridesharing app company to regain its market share in the U.S. and grow in more markets in Europe. According to a report by the Financial Times, Rajeev Misra, board director of Japanese company SoftBank, said...
Grab, the Southeast Asia ridesharing company, has inked a deal to acquire iKaaz, the mobile payment startup hailing from India. According to news from TechCrunch, under the deal, the engineering team of iKaaz will join Grab’s engineering office in Bangalore, which opened in 2017. Specific terms...
Lyft, the ride-hailing startup that is competing against Uber, announced Tuesday (Jan. 16) that it is expanding its Lyft Concierge service, which it rolled out with select partners last year, to businesses of all sizes. In a blog post, Lyft said the service was originally...
Shuttling kids from school to soccer practice used to mean managing car pools, traffic — and lots of friction. But software platforms with embedded payments are giving parents new options. In the latest PYMNTS Payments Powering Platforms Tracker™, powered by WePay, Zemcar co-founders Bilal Khan...