SAN FRANCISCO — Uber has acquired a majority stake in the grocery delivery start-up Cornershop for an undisclosed sum, the company announced on Friday, as it seeks to build its food delivery business. The company has looked to expand beyond ride-hailing, particularly since its troubled debut on the public markets in May. Although the growth […]
Uber Acquires Cornershop, a Grocery Delivery Start-Up Read More »
“Investors are buying the future, so help them pencil out the future,” said Rett Wallace, whose firm, Triton Research, analyzes tech companies that are going public. “You can do that with Pinterest. You can’t do that with WeWork. You can’t do that with Uber or Lyft either.” Charles Kantor, a senior portfolio manager at Neuberger
Wall Street Deflates America’s Favorite Start-Ups Read More »
Each week, we review the week’s news, offering analysis about the most important developments in the tech industry. Greetings from the alternate reality we call Silicon Valley. I’m Nicole Perlroth. Here’s a look at the week’s tech news: Uber’s very bad, horrible, no good day Arguably, the biggest news to come out of the Apple
The Week in Tech: Silicon Valley’s Alternate Reality Read More »
In an email to drivers that urged them to contact their local lawmakers, Uber said it would guarantee a minimum wage of $21 per hour while a driver had a passenger or was on the way to pick one up. The companies said they would also push for so-called sectoral bargaining, which would allow drivers
Uber, Lyft and DoorDash Pledge $90 Million to Fight Driver Legislation in California Read More »
‘I don’t want the F.T.C. calling me’ Ethics were not a hallmark of Uber’s first decade. Once, in a meeting with staff, Mr. Kalanick was presented with a delicious new secret weapon by a handful of engineers on “workation.” (A workation was an unofficial Uber tradition: Instead of taking time off to relax, employees would
How Uber Got Lost – The New York Times Read More »
