NEW YORK, July 11 (Reuters Breakingviews) – Uber Technologies (UBER.N) boss Dara Khosrowshahi has an opening to shift into higher gear. The $87 billion company’s departing Chief Financial Officer Nelson Chai helped deliver on founder Travis Kalanick’s original vision of dominating ride-hailing while closing in on profitability. His eventual replacement can dial back on spending even more and really […]
Uber
Uber discontinues services in five Pakistani cities
On Tuesday, the ride-hailing app Uber announced that it would stop operating in Karachi, Multan, Faisalabad, Peshawar, and Islamabad and would only be available in Lahore. “We’ve made the decision to cease operating the Uber app in Karachi, Multan, Faisalabad, Peshawar and Islamabad. Uber remains committed to Pakistan – we will continue to serve these […]
Users of Uber will be able to book rides via whatsapp
Uber, a ride-hailing service based in the United States, announced on Thursday that it will roll out a feature that will allow users in India to book rides over the messaging programme WhatsApp. The move might enable Uber to tap into WhatsApp’s more than 500 million users in India, which is controlled by Meta Platforms. […]
Deluge of analyst reports on Uber expected after IPO quiet period
With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service. Morgan Stanley, Goldman Sachs and Bank of America are among roughly two dozen Wall Street banks that underwrote the firm’s stock market debut, and they have […]
Like Uber, but for organs: first kidney delivered by drone
A kidney needed for transplantation has been delivered by a drone for the first time ever, the University of Maryland Medical Center said, a development that could herald faster and safer organ transport. The specially designed high-tech drone was fitted with equipment to monitor the kidney along its three mile (five kilometer) journey to its […]
Making ridesharing services safer
In the year 2010, a chauffeur-driven facility started in San Francisco.It was aimed at facilitating the commuters through the use app-based services and cashless transactions. The model has spread quickly. However, the rise of such services has also raised questions of passenger safety -particularly in countries where regulations are weak or misunderstood. In a recent […]
Americans still don’t trust self-driving cars, poll finds
Half of US adults think automated vehicles are more dangerous than traditional vehicles operated by people, while nearly two-thirds said they would not buy a fully autonomous vehicle, according to a new Reuters/Ipsos opinion poll. In the same poll, about 63 percent of those who responded said they would not pay more to have a […]
Uber to buyout Careem for $3.1 billion
Uber is a leading transportation company, providing peer to peer ridesharing, food delivery, and a bicycle sharing system. Uber is now set to offer $3 billion to its competitor Careem, the Dubai based transportation company. The major backers of Careem are Rakuten Inc a Japanese e-commerce firm and the investment company of Saudi Prince Alwaleed […]
Uber integrates data calling into app
As announced at a San Francisco conference Thursday according to a report, Uber is offering a fourth way for users to communicate with drivers and vice versa: in-app data calling. For many countries across the world, it’s cheaper to make calls over the internet than cellularly; if you’re an international traveler, data calling is often […]
Careem, Uber offer free and discounted rides to your polling station
Careem is always one step ahead of others and they have proved it on several occasions. Few days ago, they surprised everyone by adding ‘Boat’ option when Lahore turned into Venice and now they have announced that there will be ‘Jamhuriyat Car’ type in their app, just for tomorrow. This addition is definitely going to […]