Softbank says there’s a “possibility’ it won’t invest in Uber

Japan’s SoftBank Group said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may

Softbank says there’s a “possibility’ it won’t invest in Uber

Japan’s SoftBank Group said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may

Uber board makes peace to clear way for Softbank investment

Uber’s warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Venture capital firm Benchmark, an early investor with a board seat in the

Lyft finally opens a permanent office in New York

Lyft is finally opening a permanent office in New York City. Uber’s smaller ride-hailing rival said it will be setting up shop in Manhattan’s Chelsea neighborhood at 245 West 17th St., with employees slated to begin moving in Tuesday. The new, 11,000-square-foot office, which has a capacity for more than

Google leads $1B investment in Lyft

Lyft announced on Thursday that it has raised $1 billion in a financing round lead by Capital G, the investing arm of Google-parent Alphabet.Capital G partner David Lawee is also joining Lyft’s board.The latest funding round puts the ride hailing company’s value at $11 billion.In the investment announcement, Lyft also

Google leads $1B investment in Lyft

Lyft announced on Thursday that it has raised $1 billion in a financing round lead by Capital G, the investing arm of Google-parent Alphabet.Capital G partner David Lawee is also joining Lyft’s board.The latest funding round puts the ride hailing company’s value at $11 billion.In the investment announcement, Lyft also

Uber appeals London license ban

LONDON – Uber submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets.Transport for London (TfL) shocked the Silicon Valley firm last month by deeming it unfit to run a

Uber appeals London license ban

LONDON – Uber submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets.Transport for London (TfL) shocked the Silicon Valley firm last month by deeming it unfit to run a

The Uber app can secretly spy on iPhone screens

The Uber app for iOS has been given a unique privilege on the operating system which allows the app to spy on the iPhone’s screen, a researcher has discovered. ZDNet reports that the Uber app can read the screen buffer in iOS, allowing it to view and potentially record anything

Uber CEO apologizes to London

Uber’s new boss apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.The British capital’s transport regulator on Friday deemed Uber unfit to run a

Uber CEO apologizes to London

Uber’s new boss apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.The British capital’s transport regulator on Friday deemed Uber unfit to run a

Uber calls for sit-down after London strips operating license

Uber wants to know how it can get back in business in London.“We’d like to know what we can do . . . to sit down and work together to get this right,” Tom Elvidge, Uber’s general manager in the city, told The Sunday Times of London.Uber’s operating license was

Uber loses license to operate in London

LONDON — London’s transport authority said Friday it won’t renew Uber’s license to operate in the British capital, arguing that it demonstrates a lack of corporate responsibility with implications in public safety and security.Transport for London says the car-hailing app was not “fit and proper to hold a private hire

Uber loses license to operate in London

LONDON — London’s transport authority said Friday it won’t renew Uber’s license to operate in the British capital, arguing that it demonstrates a lack of corporate responsibility with implications in public safety and security.Transport for London says the car-hailing app was not “fit and proper to hold a private hire

The challenges of driving a yellow cab in the age of Uber

If you want to know the effect Uber and Lyft are having on New York City’s yellow cabs, just take a ride to JFK’s taxi parking lot.At any time of day, there are hundreds of cabbies waiting desperately, most of the time for hours, in hopes of grabbing the industry’s

Alphabet may be in talks to invest $1B in Lyft

Alphabet is in discussions with Lyft about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday.An injection of support from one of Silicon Valley’s largest companies could be a boost to Lyft as the

Uber to stop using diesel cars in London by 2019

LONDON – Uber will cease using diesel cars in London by the end of 2019 and the vast majority of rides will be in electric or hybrid vehicles by then, the taxi app said on Friday.At the moment the company says around half of all the journey miles completed in

Via carpooling app is teaming up with Mercedes-Benz

Via — the New York-based carpooling app — is teaming up with Mercedes-Benz to bring ride-sharing shuttles to cities all over Europe.Daimler AG said its Mercedes-Benz Vans division will invest $50 million in a joint venture to expand Via’s shuttle service into Europe. Based in Amsterdam, the new service will

Uber’s CEO pick confirms he plans to accept the job

see also Uber is getting closer to signing up a new chief executive.Dara Khosrowshahi, the CEO of Expedia, confirmed in an interview that he plans to take the top job at the embattled ride-hailing company, according to the Wall Street Journal.Khosrowshahi, who was offered the job by the company on Sunday,

Uber to disable creepy customer-tracking feature

Uber is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy.The change, which restores users’ ability to share location

Uber’s CEO pick confirms he plans to accept the job

see also Uber is getting closer to signing up a new chief executive.Dara Khosrowshahi, the CEO of Expedia, confirmed in an interview that he plans to take the top job at the embattled ride-hailing company, according to the Wall Street Journal.Khosrowshahi, who was offered the job by the company on Sunday,

Uber to disable creepy customer-tracking feature

Uber is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy.The change, which restores users’ ability to share location

Uber narrows its quarterly loss — to $645 million

Uber on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability.The San Francisco-based company said it lost $645 million in the second quarter, 9 percent less than the $708 million loss in

Uber narrows its quarterly loss — to $645 million

Uber on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability.The San Francisco-based company said it lost $645 million in the second quarter, 9 percent less than the $708 million loss in

Uber more than doubles revenue in second quarter

While Uber’s business continues to post strong gains, three mutual-fund companies marked down their investments in the ride-hailing app by 15 percent, suggesting these investors are souring on the scandal-ridden company.Uber’s gross bookings rose 17 percent in the second quarter, to $8.7 billion, and revenue more than doubled to $1.75

Uber settles federal probe over “God View’ spy software

Uber will submit to 20 years of third-party audits of its privacy practices following a 2014 scandal over its “God View” spy software.The Tuesday truce settles a complaint from the Federal Trade Commission that the ride-hailing company — already slammed by warring investor factions and accusations that management fostered a

Uber settles federal probe over “God View’ spy software

Uber will submit to 20 years of third-party audits of its privacy practices following a 2014 scandal over its “God View” spy software.The Tuesday truce settles a complaint from the Federal Trade Commission that the ride-hailing company — already slammed by warring investor factions and accusations that management fostered a

Impatient Uber rider tried to walk through Holland Tunnel

An impatient Uber rider was so fed up with stalled traffic in the Holland Tunnel Friday morning that he hopped out of his taxi and walk through the congested tube, officials said. More On: holland tunnel Holland Tunnel gun nut pleads guilty to weapons charges Man busted at tunnel owes nearly $50K in unpaid

Lyft drivers pissed about messy Taco Bell partnership

Lyft drivers are in Taco Hell.The ride-sharing company and Taco Bell have teamed up for “Taco Mode” – allowing for passengers in Orange County, California, to enjoy a “ride-thru” stop at their local Taco Bell between 9 p.m. and 2 a.m.But Lyft drivers are fuming that the late-night double chalupa