Uber has lost its license to operate in London — one of its biggest markets globally – for the second time in two years. On November 25, Transport for London (TfL), the regulator of taxi and private hire services in the city, stated that it has “identified a pattern of failures by...
Uber has to fix its business model to make it profitable in a sustainable way, and the wake-up call for that has come from its second-quarter results, according to experts. More worrisome than the loss in the latest quarter of $5.2 billion — inflated by a one-time, non-cash stock charge of $3.9...
Investors and customers once tolerated Uber’s skirmishes with regulators as the price one pays for innovation. But that may no longer be so. Ride-hailing app company Uber is not about to see any immediate loss of customers following recent disclosures that it failed to notify both regulators...
As the ever-increasing use of services like Uber, Lyft and AirBnB show, it is safe to trust other people. But is it time for hitchhiking to make a comeback? On August 1, hitchBOT, a robot that had successfully hitchhiked more than 10,000 kilometers across Canada and northern Europe, was...
