On August 30, 2017 new CEO has been introduced to Uber, what marks the end of a search that lasted more than two months. After a number of debates of Uber’s board of directors, former Expedia CEO Dara Khosrowshahi has taken this position. Although he is going to continue to serve on Expedia’s board of directors. He called the job the “opportunity of a lifetime” and he is expected to bring the company to the new level.
At the Elevate Summit in Dallas, Texas Uber announced its plan on bringing flying taxis to Dubai and Dallas by the year of 2020. These flying vehicles will be small, electric aircrafts that take off and land vertically. They will have no emissions and are quiet enough to operate in cities. In the beginning of operation the price for a flight is expected to be $1.32 per mile, which is a bit higher than taking UberX for the same distance.
Uber is known for having a corporate culture that reveres aggressive attitudes and stepping on toes. CEO Travis Kalanick appears to also bring that same credo to his interactions with drivers.
In a dashboard video, published by Bloomberg on Tuesday, Kalanick is shown arguing with his driver over fares. The argument gets heated and ends with Kalanick telling the driver to stop blaming Uber for his problems.
Uber has confirmed that it will stop its self-driving pilot in San Francisco, following a meeting today with the California DMV and Attorney General’s office. The DMV revoked the registration on 16 self-driving test vehicles Uber was using in its pilot.
Mergers and acquisitions (M&A) is an important business phenomenon, especially in business spheres connected with IT and innovations. August 2016 was rich in companies’ acquisitions. Let us introduce you a list of fifteen companies which have acquired businesses last August. The list is drawn up in date order.
Uber's self-driving taxis will get their first real-world test in Pittsburgh this month, with the semi-autonomous vehicles assigned at random to customers using the company's app. According to a report from Bloomberg, the test fleet will consist of modified Volvo XC90 SUVs, with each car supervised by a human in the driver's seat (a legal requirement) as well as a co-pilot taking notes. The trips themselves will be free, with a tablet in the backseat informing the passenger about the car's capabilities.
Ride-hailing services like Uber will be legal in China as of November, Bloomberg reports, citing a document from the country's transportation ministry. Uber and its Chinese rival, Didi Chuxing, have so far been operating in a legal gray area, as the two companies vie for supremacy in the world's largest ride-hailing market, but the new regulations reviewed by Bloomberg will now allow them to compete freely.
Uber's unrelenting cash grab reached new heights today, as the world's most valuable technology startup announced that it had received a $3.5 billion investment from Saudi Arabia's main investment fund.
As part of the investment, Public Investment Fund managing director Yasir Al Rumayyan will take a seat on Uber's board. Meanwhile, Uber's balance sheet — cash and convertible debt — shoots up to $11 billion, which is sure to come in handy as the company continues to burn through capital. It should also help Uber's quest to dominate the global ride-hailing market, especially in China where it loses about $1 billion a year in competition with its rivals.
There are tons of apps in Google Play and the App Store for you to choose from, but the question is…Which one of these apps is actually the best? There are tons of tops out there, presenting various apps, from all categories, but we like to think that we managed to pick the best out of the best. Let’s begin, shall we?