ride-hailing-apps / 3 posts found

Uber decides to stop competing in Russia, merges business with Yandex

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Yandex only.Image: Shutterstock / Mikhail Leonov Like the rest of us, Uber doesn’t want to spend too much more time thinking about Russia. The ride-hailing giant is combining its business with Russia’s Yandex to form a new company in eastern Europe valued at $3.7 billion, Uber announced Thursday. Uber is tossing in $225 million for the new company and hold on to 36.6 percent ownership. Yandex will contribute $100 million and get 59.3 percent, meaning it will control the company but have plenty of coordination with Uber. The deal is similar to Uber’s approach in China last year. In August […]

Uber faces another hit in a legal suit in France

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Image:  MARY ALTAFFER/AP/REX/SHUTTERSTOCK July isn’t looking so bright for Uber. The ride-hailing giant, which has faced an onslaught of scandals since January, was just hit with another blow that could severely impact its growth in Europe. A new recommendation from the senior adviser to the European Union’s highest court says Uber should be classified as a taxi service in France, the New York Times reported Tuesday. SEE ALSO: This one number shows how powerful Uber still is around the world That ruling, if it comes to be, would subject Uber to more rules related to safety and employment. In good […]

Get a free protein bar or Altoids in your Uber with new startup Cargo

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Get some Altoids in your Uber.Image: cargo Anyone who’s been stuck in bumper-to-bumper traffic in an Uber probably could have used a pair of headphones or an Altoid at some point. Cargo is a new startup that promises to provide those random items you’d be happy to have mid-ride and, more importantly, offer another source of income for ride-hailing drivers. SEE ALSO: A top advocate for women in tech shares 5 ways companies can learn from Uber’s mistakes Cargo partners with brands to put candy, protein bars, tampons, and condoms in a case that sits within reach of passengers. The […]