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Uber raised $2 billion in its first-ever bond-offering — and the entire deal was done in near secrecy
A Morgan Stanley banker who moonlights as an Uber driver could be the company’s secret weapon in buddying up to banks — and keeping its dealings private.
Both Uber and Lyft are locked in a de-facto arms race towards 2019 public offerings. The Wall Street Journal on Thursday reported that Uber’s valuation could top $120 billion next year, more than the top three automakers — Ford, GM, and Fiat Chrysler — combined.
The ride-hailing company has selected JPMorgan to underwrite its initial public offering, with assistance from Credit Suisse and Jefferies, The Wall Street Journal reported Tuesday.
Go-Jek is wasting no time as it prepares for its launch in Singapore, set for next month.
The Lyft app will now tell you the fastest way to get anywhere — even if it means taking public transit instead of a Lyft ride
Lyft is partnering with a company called Trafi to give riders more flexibility in their route, such as taking the subway or bus along with a Lyft ride — which could result in a more affordable trip.
Uber passengers in Australia and New Zealand will get banned from the app if their rating drops below 4 stars
Uber riders in Australia and New Zealand with ratings under 4 stars are in danger of being kicked off the app, the company announced. The crackdown is set to begin September 19, but Uber says passengers at risk will be issued several warnings to improve their ratings.
Uber will start issuing six-month bans to riders in Australia and New Zealand who have a rating below four stars. The new policy, which Uber has also tested in Brazil, will go into effect September 19.
Uber has a plan to help drivers make an extra $100 a month by letting them sell you snacks and other necessities straight from their cars
Cargo, which provides ride-sharing drivers with free stocked boxes of products to distribute to passengers, is rolling out to San Francisco and Los Angeles for the first time as part of a team-up, meaning Uber drivers there can rake in an extra $100 a month on average.
Grab launches grocery delivery service GrabFresh in Indonesia – Malaysia and Thailand to follow by end 2018
Grab is transforming itself into a consumer technology group. It now offers on-demand grocery delivery.