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“#China looking to take ride-hailing giant Didi under state control amid tech crackdown” China’s government is reportedly looking to take control of ride-hailing giant Didi, the latest development in a broader crackdown that has kept Chinese tech companies and investors on their toes for months. Under plans being considered by China’s government, a subsidiary of…
“#NYC to cap Uber Eats, DoorDash and Grubhub restaurant fees” Food delivery apps will face a permanent cap on the commissions they can charge restaurants under a bill passed by the New York City Council late Thursday, sending the shares of Grubhub and DoorDash plummeting. The bill would limit the amount that apps can charge…
“#Uber, Lyft drivers win in California’s Proposition 22 ruling” A California judge on Friday struck down a ballot measure that allowed Uber and Lyft to deny drivers benefits by classifying them as independent contractors instead of employees. Alameda County Superior Court Judge Frank Roesch ruled that Proposition 22 was unconstitutional. California voters in November overturned…
“#Jay Cutler dropped by Uber Eats for anti-mask views” Former NFL quarterback Jay Cutler has been dropped from an Uber Eats ad campaign over his stance against mask mandates in schools. Cutler, best known for his eight seasons with the Chicago Bears and for his failed marriage to reality TV star Kristin Cavallari, said the…
“#NYC gang members busted in ride-share robbery scam: DA” Four gang members have been busted in a ride-share scheme that targeted more than 50 drivers and netted over $6,500, authorities said. Their indictment was unsealed as part of a 30 Block Crew takedown linking the gang members to a Bronx car-dealership shooting, pandemic unemployment scam…
“#Mother of man who caused fatal Uber crash apologizes” The mother of a Long Island man who killed five people when he smashed head-on into an Uber car said she’s sorry — and that her son would not have been able to live with the guilt. “My son would not have been able to live…
“#Wife of Uber driver killed in crash doesn’t know how to tell kids” “He left us alone.” The Long Island woman whose Uber-driving husband was killed along with four others in a head-on collision Saturday night has said she’s at a loss about how to tell the couple’s three young children that their father won’t…
“#Revel to launch Tesla taxis in NYC after row with city regulators” Electric transportation company Revel plans to launch its fleet of Tesla taxis in Manhattan next week after a heated battle with New York City regulators. The service will launch next Monday and provide rides in 50 Model Y Teslas in Manhattan south of…
“#China weighs ‘unprecedented’ penalties for Didi after US IPO” China is reportedly weighing “unprecedented” penalties for Didi after the ride-sharing giant went public in the US in June despite a crackdown from its home country’s cybersecurity regulator. China’s government may forcibly introduce a state-owned investor to the company’s board or force Didi — popularly known…
“#Uber to buy shipping logistics firm Transplace for $2.25B” Ride-sharing company Uber on Thursday announced that its trucking business will acquire transportation logistics company Transplace for $2.25 billion. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. Shares of Uber fell slightly on the news in early…