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
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- China’s ride-sharing giant Didi to trial central bank digital currencyon July 8, 2020 at 1:57 am
China's ride-sharing giant Didi Chuxing is set to trial the country's central bank digital currency (CBDC). Announcing the news on Wednesday, Didi said it had signed an agreement with the People's ...
- Uber's deal for Postmates shouldn't distract investors from its troubled ride-sharing businesson July 6, 2020 at 6:49 pm
Investors cheered Uber's $2.65 billion purchase of Postmates, but the financial picture remains murky because of uncertainty around ride shares.
- DRiViLL taking initiative of free life insurance for driverson July 4, 2020 at 8:47 pm
US-based ride-sharing company DRiViLL is taking an initiative to provide free life insurance for its drivers. Considering the livelihood and security of the drivers, the upcoming transportation ...
- Uber launches taxi app in Tokyo, while ride-sharing remains barred in Japanon July 3, 2020 at 3:58 am
Uber is not allowed to run its own ride-sharing fleet in Japan as it does in the United States and elsewhere since local regulations ban non-professional drivers from ferrying paying customers ...
- Uber widens taxi app to Japan's Tokyo but ride-sharing still barredon July 3, 2020 at 3:21 am
Uber Technologies launched a ride-hailing smartphone application in Tokyo on Friday in partnership with three domestic taxi firms, even as strict regulations block its popular ride-sharing service in ...
- Uber widens taxi app to Japan’s Tokyo but ride-sharing still barredon July 3, 2020 at 3:16 am
Uber is not allowed to run its own ride-sharing fleet in Japan as it does in the United States and elsewhere since local regulations ban non-professional drivers from ferrying paying customers.
- Swedish firm NEVS unveils autonomous ride sharing systemon July 1, 2020 at 5:55 am
Swedish firm NEVS is developing an autonomous ride-sharing network aimed at providing similar levels of privacy and security to car ownership. The company’s ‘PONS’ programme is described as a ...
- DRiViLL seeks ride-sharing licence in Bangladeshon June 30, 2020 at 9:20 am
The company started its journey in New York in 2019, with plans to simultaneously launch in other American states and Dhaka ...
via Bing News