Kapten, the French ride-hailing app backed by Daimler and BMW, has launched in London, coupled with a feisty ad campaign taking a swipe at Uber’s tax arrangements. It follows Kapten (formerly called ‘Chauffeur Privé’) obtaining a license from TfL, London’s transport regulator, to operate its private-hire vehicle (PHV) service in the U.K. capital city. The […]
On Sunday, May 19, The New York Times published a scathing investigative series on the financial crisis for yellow cab owner drivers that profiled NYTWA members Mohammed Hoque and Mohammad Hossain. On the same day, The New York Daily News published a story on how Uber and Lyft have destroyed incomes for yellow cab drivers. NYTWA Executive Director Bhairavi Desai said, “We’ve […]
While Uber and Argentine officials argue over whether the company is an app or a transportation company, drivers suffer fines, violence, and instability. Most Porteños, or residents of Buenos Aires, know the drill when it comes to hailing an Uber. Change the payment method to cash on the app, memorize the driver’s license plate number, […]
On a desolate block of Long Island City sits a vacant warehouse, its entrances padlocked and doorbell defused. A FedEx tag for an undelivered package, dated 5/23, has been stuck to a barred doorway for at least 11 months. Visible through filthy second-floor windows is a small sign that reads simply The Black Car Fund. Created […]
Lyft is beefing up its driver background check process with two new features it says are intended to “[improve] the safety and security of [its] platform.” It today announced continuous background checks and enhanced identity verification, both of which will roll out in the coming days to weeks. “The safety of the Lyft community is […]
Uber is aiming to price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC, according to Quartz. Uber is expected to price its shares Thursday and start trading Friday. Uber set a price range of $44 to $50 per share for its initial public offering in […]
Thousands of Uber drivers around the world went on strike on Wednesday, May 8, ahead of the company’s hotly anticipated IPO on Friday, which is slated to be one of the largest in recent history at an estimated $90 billion valuation. In at least eight cities in the US, including San Francisco, Chicago, and New […]
On the eve of Uber’s public offering, app drivers in New York City logged off from 7 AM to 9 AM to join the international strike day. Drivers across the globe were also protesting Uber’s business model of greed before humanity. While Uber bosses prepare to reap billions in profits, Uber and other App drivers […]
Goldman Sachs Group Inc. is missing out on leading the hottest IPO in years, Uber Technologies Inc. The consolation: a potential $600 million windfall from a mere $5 million wager that Goldman’s bankers made using the firm’s own money back in 2011, only a year after Uber had started offering rides. How Goldman lost its […]
Can you get from Kangaroo Valley to the Den of Thieves without using the Magic Circle? London’s black taxi drivers call the Palace of Westminster the ‘Gasworks’ – due to the ‘hot air’ spouted by MPs. Broadcasting House, home of the BBC, is referred to in code by the drivers as ‘The Tripe Factory’. Traders […]
