The significant jump in shares of Facebook and Amazon took them into $300-billion club on 4 October. The market capitalization of Facebook soared to $303.6 billion surpassing General Electric's (GE) $299.1 billion.
Tags: Uber
Uber Offers Job of Drivers to Nonviolent Criminal Offenders in California
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
Uber agrees to pay $20,000 in settlement regarding its "God View" system
Uber has agreed to pay $20,000 in fine and adopt a better data security provisions in a settlement signed with the New York Attorney General, Eric Schneiderman. Besides that, the company also agrees to limit the number of employees allowed to use the system.
BNP Report: Alibaba Can Expand Operations with $38B in 2016
If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.
A Philippine judge clarified the ruling of his court, suspending the application of permits by prospective drivers
A Philippine judge clarified Saturday that the ruling of his court doesn't stop operations of ride-sharing companies, but only suspend the application of permits by prospective drivers.
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The US American Express Centurion is already considered as a huge step up from other domestic US lounges as they feature great decors from real hot food, complimentary beer, wine, and cocktails. And now, they decided to pair up with Uber rides with their new free rides promotion.
Ride sharing app Lyft has conquered Las Vegas as the car service is now available at the McCarran Airport. Hail as the first ride sharing car service to establish at the said new location, Lyft has snatched the first-based spot from their competitor, Uber.
China uber-like startup, Yidao Yongche announced that the company will be receiving a huge investment from a Beijing-based company, LeTV. According to Yidao Yongche's statement, the three-year-old company is receiving investment worth $700 million by LeTv for 70 percent stake in the ride-hailing app company.
What matters the most in investing is the time when you exit. Loss or profit depends upon when you exit. If you can identify the bubble bursting, you can safely walk out of the market well before it happens. The tricky question is how to identify the market before it's blowing up. Investors, who made and lost money in dotcom bubble, fear that history may be repeated for the current tech bubble though the damage wouldn't as much as it was in dotcom crash.
The San Francisco-based ride-hailing company Lyft has teamed up with Hertz Global Holdings Inc for offering rental cars to its drivers. Hertz offers car rentals on daily, weekly and monthly basis and now these services will be available as part of the agreement with Lyft, which offers rental cars to drivers who don't have their own cars or meet Lyft standards. On a pilot basis, Lyft plan with Hertz is available for drivers in Las Vegas and it will expand this plan to other locations soon. Lyft has also partnered with Shell for providing gasoline at discounted price to its drivers.
Cabbie protesters interrupted Stephen Colbert's The Late Show interview with Uber CEO Travis Kalanick. The episode was cut short on Thursday. Drivers are accusing Kalanick of destroying their profession.
An Oakland lawyer claims that companies in the Bay Area will soon be facing overtime-related lawsuits. These lawsuits will hit firms in the sharing economy, like Lyft and Uber.
Uber recently announced that it has allocated $1 billion to expand its operations in China. Like that is not big enough, the company will also be setting aside another $1 billion to strengthen its business in India.
Gett, one of Uber's biggest competitors, launched Monday its first big campaign against its competitor, Uber, which claims is ripping people off through its surge pricing.
