Uber is preparing for an IPO in the next six months, which would put its listing into direct competition with Lyft. Goldman Sachs and Morgan Stanley are set to be hired as lead underwriters the IPO. https://t.co/JQD8ckPFg3
Chief magistrate Emma Arbuthnot granted Uber a temporary licence in London. But it was revealed her husband, a former Conservative MP, has links to the firm. London's black cab drivers have won the right to appeal against her decision.
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India’s Ola has launched its services in Auckland, Wellington and Christchurch ramping up competition against Uber and Zoomy. Ola launched in Australia in February and the UK in August, and is said to offer lower commission rates for drivers at 9%. https://t.co/AF9fPItlJj
“Uber is still developing a self-driving system that can safely operate without a human operator behind the wheel,” the company wrote. “As such, our system may not be capable of delivering on any specific driving behaviour at present.”
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Uber's Emilie Potvin admitted that despite making many requests, so far no successful contact has been made with the government. “We’ve been knocking on many, many doors to be able to have that dialogue … at the moment we are still waiting,” she said. https://t.co/CtnprjKYJa
The Ola-Uber strike was called off yesterday 10pm to ensure “nobody suffers during Diwali”. The drivers will resume the agitation from November 15 if their demands of higher rates per km, fares based on fuel prices, and better incentives were not accepted. https://t.co/sqeEn29K2G
What makes Mumbai’s strike different is that for once the firms seem likely to buckle. Unions said that 80% of their demands had been met. If so, this will be one of the first times that these firms have had to negotiate as a result of industrial action. https://t.co/AhmhIVMpv7
IWGB said: “We are very concerned that this latest PR move from Uber will lure drivers deeper into debt, as they struggle to finance expensive vehicles on below minimum wage income. The answer...is...capping minicab numbers in London. https://t.co/Z8bQkZMf2D
Kurlabased driver Chandan Verma pointed out that earlier the company would give an incentive of Rs 3,500 if a driver completed 35 trips in one week, But now the driver is expected to complete 56 trips
Uber driver Khuddus Shaikh says he earned Rs 40,000 per month two years ago but now only Rs 20,000. His vehicle is on a Rs 12,000/month loan. He is hardly left with anything by the end of the month.
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Rajesh Pawar says earlier one could do business worth Rs 3,500 in merely 10 hours. Now, however, he has to “slog for 15-16 hours” to just make Rs 2,500.
While Careem and Uber seem to be doing good business in Pakistan, particularly Karachi, the companies seem to be unwilling to get their operations registered with the Sindh transport and excise and taxation departments, despite repeated warnings. https://t.co/rsyxO1S0rx
Uber is preparing to hit the road across more of Australia, revealing plans to launch in 15 more regional centres. The move will see the service spread out of metro areas and into regional New South Wales, Victoria, and Queensland by December. https://t.co/l2CmIPFpnm
The meeting was held between a representative of the trade unions and Ola and Uber officials. The Union stuck to its demands. The aggregators have accepted 80% of the demands said MRRKS union but "have not agreed to the Rs 1.50 per minute waiting charge.” https://t.co/UVZXHRM4sU
Ola and Uber drivers’ strike continues for the ninth day today as union prepares for second round of talks with the aggregator firms in the presence of state transport commissioner Shekhar Channe in Bandra this evening in Mumbai. https://t.co/aHH5tSnxSh
Ride Pass is available in five cities: riders can lock in flat rates on all the UberX and UberPool trips they take, saving up to 15�� on their overall monthly travel, Uber says. Ride Pass fares won’t be subject to surge pricing. https://t.co/aU0sMT0J1t
The ITF has written to central and regional governments in India demanding they intervene in a dispute between drivers and the ride-hailing companies Uber and Ola. https://t.co/8d1Kup3Z7Y