With a near record-setting investment announced last week, the ride-sharing service Uber is the hottest, most valuable technology start-up on the planet. It is also one of the most controversial.
The company, which has been the target of protests across Europe this week, has been accused of a reckless attitude toward safety, of price-gouging its customers, of putting existing cabbies out of work and of evading regulation. And it has been called trivial. In The New Yorker last year, George Packer huffed that Uber typified Silicon Valley’s new found focus on “solving all the problems of being 20 years old, with cash on hand.”
It is impossible to say whether Uber is worth the $17 billion its investors believe it to be; like any start-up, it could fail. But for all its flaws, Uber is anything but trivial. It could well transform transportation the way Amazon has altered shopping — by using slick, user-friendly software and mountains of data to completely reshape an existing market, ultimately making many modes of urban transportation cheaper, more flexible and more widely accessible to people across the income spectrum.
The Latest on: Ride-sharing
via Google News
The Latest on: Ride-sharing
- Ride-sharing firms 'to be legal by March'on September 6, 2019 at 6:08 am
The Transport Ministry has drafted guidelines to regulate ride-hailing companies and aims to legalise the services by March next year, according to Jirut Wisarnjit, the ministry’s deputy permanent ...
- New ride-sharing service eyes off industry Goliathson September 5, 2019 at 11:51 am
A SMALL Australian-owned ride-sharing service that has moved into Tasmania to take on the big guns like Uber already has about 100 drivers on its books. Oscar has been operating in Hobart, Launceston ...
- The right time to use an ambulance vs. ride-sharing serviceon September 4, 2019 at 4:08 pm
It's a no brainer if you have a life-threatening emergency - choose the ambulance. But ride-sharing services like Uber and Lyft can save you big bucks for non-life-threatening events. As the NBC2 ...
- Light Phone 2 shipping at $350, adds texting, alarms, and eventually ride-sharing, music, and moreon September 4, 2019 at 10:10 am
Makers of the minimalist Light Phone are releasing a follow-up with several new features. The company, Light, says its new device called the Light Phone 2 will add several tools in addition to being ...
- SpaceX's new ride-sharing launches to boost small-satellite industryon September 4, 2019 at 12:02 am
ORLANDO, Fla., Sept. 4 (UPI) --SpaceX's plans for more frequent, regularly scheduled ride-sharing launches will unleash new growth in the small-satellite industry, leading to easier and cheaper ...
- Uber and Lyft close at record lows as investors lose faith in ride-sharing companieson September 3, 2019 at 6:44 pm
Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever. Both companies have had a particularly rough ride on the public markets since their respective IPOs earlier this year.
- Google Maps' new feature includes cab-hailing, cycling and ride-sharing as combined itinerary options when planning your journeyon September 2, 2019 at 8:21 am
The app will also offer helpful information about traffic, how much the journey will cost, and how long the wait will be.
- Ride-sharing in B.C.? Don’t start celebrating yeton August 29, 2019 at 7:06 pm
Moving to Vancouver after living in Seattle for a number of years gave me a similar sensation to Jerry Seinfeld describing every Twilight Zone episode. Jerry: “This is like that Twilight Zone where ...
- This new ride-sharing app made just for kids is now available in Houstonon August 28, 2019 at 11:15 am
HOUSTON - Parents looking for a little extra helping getting the kids to all of those after-school and extracurricular activities may find a new ride-sharing app that is now available in Houston ...
- New Google Maps feature wants to educate you about ride sharingon August 28, 2019 at 10:03 am
Google Maps is preparing to introduce a new update to help users manage the most tedious journeys, i.e. those stretches, often not so short, for which the app simply suggests walking to get to your ...
via Bing News