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UNIS:UBR, Jun 25, 06:41 UTC

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Amazon Never Stood a Chance Against Grubhub and Uber

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Amazon.com(NASDAQ: AMZN) doesn't fail often, but today is the end of the serving line for its Amazon Restaurants platform. The leading online retailer's half-hearted attempt to compete against Grubhub(NYSE: GRUB), DoorDash, Postmates, Uber Technologies' (NYSE: UBER) Uber Eats, and other hungry upstarts will officially stop taking orders this afternoon. Amazon Restaurants wasn't shaping up to be a major contender in this niche, but that doesn't mean investors in the other restaurant-delivery apps aren't happy to see Amazon stage a retreat. Uber Eats is an important part of the leading ride-sharing provider, but it generates a lot more dough driving people around than it does driving baked dough to rumbling bellies.

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Saturday, June 22


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Uber, Lyft Could Fleece Consumers to Satisfy Wall Street's Thirst for Profits

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The much-hyped IPO machine of Lyft(NASDAQ: LYFT) and Uber Technologies(NYSE: UBER) got off to a stuttering start as investors took note of the red flags these companies were waving before going public. Lyft and Uber's IPO filings revealed that they are in deep losses, while the latter went on to make it clear that it may not be able to achieve profitability. But that's not going to cut it on Wall Street, where stock prices and earnings performances matter the most. Investors and analysts will want answers as to how Lyft and Uber plan to get profitable, and there's one obvious answer to this question: higher fares. Dave Maney, the chairman of digital marketing firm Deke Digital, told Fox Business in an interview in April:. When the money runs out and going public is a good way to kind of -- obviously they can access capital but now they've got to report and they've got to be responsible. And lots of people are looking at this and saying, "Yeah the party could in fact be over."

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Uber crackdown: ‘Get licences or leave now’

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Thurrock Council is set to crackdown on Uber over accusations drivers are not obtaining licences from the authority. The company uses a virtual boundary known as a “geofence” within their app that designates Thurrock as part of Greater London, effectively allowing their drivers and vehicles to operate without having to adhere to the same regulations as competitors. Thurrock Council says it will now be writing to the company asking them to “withdraw from Thurrock or make an appropriate operator’s licence application”. Dave Harmer, an employee at Lakeside and Purfleet Taxi which has operated in the borough for more than 30 years, said: “I don’t think any company in Thurrock is scared of competition as long as it is decent competition and they are insured like we are and follow the same rules as we do.

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Friday, June 21


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Airbus-owned Voom will compete with Uber Copter in the US in 2019

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The U.S. air taxi market is heating up: Aeronautics industry giant Airbus will be among the companies operating on-demand air travel service in 2019 in American skies, FastCompany reports. Airbus' Voom on-demand helicopter shuttle operation will set up shop in the U.S. starting this fall, after previously providing service exclusively in Latin America. Uber announced its own Uber Copter service earlier this month, which will provide service from Manhattan to JFK airport starting in July, and Blade also already offers similar service between New York City and its three area airports, as well as Bay Area air shuttle routes.

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Tuesday, June 18


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Uber Debuted Its Latest Volvo-Built Autonomous Vehicle, but Let's Not Get Ahead of Ourselves

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Uber Debuted Its Latest Volvo-Built Autonomous Vehicle, but Let's Not Get Ahead of Ourselves. The company said that its self-driving artificial intelligence system will allow the vehicles to drive themselves on highways by using autonomous steering, braking, and acceleration but will still be equipped with a steering wheel and pedals for humans. Uber is hoping to eventually use self-driving vehicles to drive down the cost of operating its ridesharing service by using autonomous vehicles instead of human drivers. But even with this seemingly big step toward adopting fully autonomous vehicles into its fleet, it's going to take a while before Uber's driverless vehicle technology is used at mass scale. Uber has recently taken a slow-and-steady approach to autonomous vehicles, containing the bulk of its public tests in Pittsburgh. As of now, Uber has a handful of autonomous vehicles on the road in the city but they all have safety drivers behind the wheel and are restricted to driving a designated one-mile stretch of road.

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Uber threatens to withdraw from Austria

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VIENNA (Reuters) - U.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted. "If that comes, then a withdrawal definitely cannot be ruled out," Uber Austria chief Martin Essl told ORF radio. Uber is classified as a rental car service and therefore can set its own prices, while taxi fares are regulated and set by the provinces. The new law, which could pass parliament as early as July and would apply from September next year, provides that Uber would have to apply the same tariffs as taxis.

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Pack Health Partners with Uber Health to Provide Free Transportation to and from Medical Appointments

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The initiative will enable Pack Health staff to request and coordinate rides for members through a centralized dashboard, so that members facing transportation barriers are able to access the care they need with greater ease. "One of the most valuable parts of the Pack Health Member Experience is what we call 'Concierge Services' – where we connect members to resources or provide personalized plans to help individuals overcome social determinants of health on an as-needed basis," reflects Mazi Rasulnia PhD, President and CEO of Pack Health. "Sometimes that's a personalized diet or exercise plan, but other times it's more basic. For members who lack reliable means of transportation, or whose health prevents them from driving themselves to key follow up appointments, offering a free ride through Uber Health is a simple and intuitive way to close care gaps." "We are excited about the opportunity to partner with Pack Health and value working with an organization that places its focus on capturing data on patients' access, outcomes and experience," stated Dan Trigub, Head of Uber Health.

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Monday, June 17


News

Management Turnover Adds Even More Uncertainty for Uber Stock

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On June 7, Uber announced COO Barney Harford and CMO Rebecca Messina are leaving the company. For a company with a huge amount of near-term uncertainty, this latest Uber news was frustrating for investors on many fronts. The timing of the announcement is suspicious at best and yet another reason investors should think twice about buying Uber stock. It’s probably very difficult for Uber stock investors not to be cynical about the timing of these management departures. “While the timing of these executives departures so soon after the IPO will raise some eyebrows for investors and add more pressure on [Uber CEO Dara Khosrowshahi and company] in the near-term we believe this move is better to happen sooner rather than later,” Wedbush analyst Daniel Ives says.

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New drop-off, pick-up location for Uber and Lyft at Denver International Airport

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Travelers can pick up their luggage from baggage claim — or just head to that area if they’re not picking up baggage — and exit the doors between 506 and 511, then head to Island 5, which will have a sign for rideshares, said airport spokeswoman Emily Williams. “This is going to be a much more user-friendly experience for our passengers and also for our ride app drivers,” Williams said. Uber and Lyft are the only two rideshare apps that operate at DIA and have been doing so since late 2014. Airport officials began researching options for pick-ups and drop-offs earlier this year and worked closely with their rideshare app partners to make the change that Williams called “much more streamlined.”.

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Has Amazon Lost to Uber Eats on the Food Delivery Front?

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Has Amazon Lost to Uber Eats on the Food Delivery Front? Amazon Restaurants was an addition to the Prime subscription service that allowed users to get food delivered to their door from participating restaurants, which included P.F. Though Amazon still delivers different types of foodstuff in a range of ways through its subsidiaries (Whole Foods Market, for example, delivers groceries in some U.S. locations), the closure of Amazon Restaurants means that the company now has no takeout food delivery service. In its S-1 filing published back in April, Uber specifically cited Amazon as a competitor to its Uber Eats service, which is rapidly becoming a vital part of its business.

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