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Saturday, January 19


News

Bill calls for higher fees for Uber, Lyft in Mass. - The Boston Globe

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Bill calls for higher fees for Uber, Lyft in Mass. A ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles, California. BOSTON (AP) — Three Massachusetts lawmakers are joining with a regional planning advocacy group to call for higher fees for ride-hailing companies like Uber and Lyft. The Democratic lawmakers — Sen. Brendan Crighton of Lynn and Reps. Jay Livingstone of Boston and Cambridge and Adrian Madaro of Boston — filed the bill along with the Metropolitan Area Planning Council to increase fees imposed on so-called transportation network companies.

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Wednesday, January 16


News

Uber tells its side of the story in mass arbitration fight with 12,500 drivers

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(Reuters) - Someday, legal historians may look back at litigation between Uber and thousands of Uber drivers who have demanded the company arbitrate their wage-and-hour claims as an inflection point in employment law. Uber told its side of the story this week in a filing before U.S. District Judge Edward Chen of San Francisco that accuses the drivers of “deliberately manufacturing” a dispute over arbitration fees. Some of Uber’s arguments, as I’ll explain, are tied to the specific facts of the case and the actions of the plaintiffs’ firm orchestrating the mass arbitration strategy, Keller Lenkner. Others are more broadly applicable for any company facing a mass arbitration onslaught. If nothing else, Uber’s filing proves that developing a new paradigm for workers’ claims is not going to be easy. After Uber defeated a class action and prevailed in compelling most of its drivers to arbitration, Keller Lenkner sensed an opportunity to test the idea of mass arbitration. The company raised doubts about Keller Lenkner’s recruitment of clients, citing a Boston federal court complaint in which one Uber driver accused the firm of baiting drivers to sign up with an ad that said they might be entitled to a share of a $20 million Federal Trade Commission fund.

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Pinterest, Airbnb, Uber, Lyft: Big IPOs Are Coming Our Way

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According to US law, the federal government must approve any offer of securities to the public. Yet hopefully the shutdown will not last long and that investors will soon get a chance to invest in a myriad of hot deals. Actually, the upcoming “PAUL” offerings – which include Pinterest, Airbnb, Uber and Lyft – will likely dominate the headlines. OK, since there are no public filings of the S-1s, the financial data is a bit fuzzy on the PAUL deals (note that some of the filings are confidential, such as from Uber and Lyft). Yet there is still lots of information available, such as from press releases and third-party analyses, to get a sense of these companies. 93% of active pinners use the service to plan for purchases. So yes, monetization has been strong. For 2018, revenues are estimated to have increased by 50% to $700 million. And as for the valuation of the Pinterest IPO, it is projected at about $12 billion.

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Tuesday, January 15


Social Chatter

Uber Technologies Inc (UNIS:UBR) social chatter is higher than usual

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SFO Airport Terminal 3 Uber – Lyft Pick-Up Problem https://t.co/WfaW4tyZz6 #Oakland #News
News

Going public? For Uber, Lyft and others, shutdown slows IPOs

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WASHINGTON — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. Companies that have been moving toward issuing initial public offerings of stock in the coming months include such high-profile names as the ride hailing firms Uber and Lyft and the image-sharing platform Pinterest. Minneapolis Charges: Suspect says he killed Jayme's parents, abducted her. Vikings Vikings grades: Cousins' season was a bust when it mattered the most.

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Uber fares in London going up from Wednesday to pay for electric cars

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The minicab app firm expects the scheme to raise more than £200 million in the coming years, which will be used to help drivers convert to electric cars. A London driver using the app for an average of 40 hours per week will be given around £3,000 towards the purchase cost of an electric car in two years, according to the company. It wants 20,000 cars on its app in London to be fully electric by the end of 2021, increasing to every car by 2025. Over time, it's our goal to help people replace their car with their phone by offering a range of mobility options - whether cars, bikes, scooters or public transport - all in the Uber app.

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Friday, January 11


News

Should You Follow Jeff Bezos and Invest in Uber and Airbnb IPOs?

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These are only three of many companies that he has chosen to invest in. He also founded his own aerospace firm, Blue Origin, “to make space tourism more affordable.” In addition, in 2013, Bezos made headlines after he bought the popular media outlet, The Washington Post, in a deal worth $250 million.## Uber and Airbnb investmentsAccording to the data compiled by crunchbase.com, Bezos invested about $37 million in the American ride-hailing service provider Uber in 2011. While Uber has not been listed yet, investors still await its IPO, expected in 2019, to take a position in the company. In December 2018, Uber made a confidential filing with the regulator for its IPO. Other tech companies including Microsoft (MSFT), Intel (INTC), and Netflix (NFLX) lost 18.7%, 1.7%, and 39.4%, respectively.Browse this series on Market Realist: * Part 1 - Jeff Bezos Owns These Five Key Public Stocks * Part 2 - Bezos Invested in Twitter about Ten Years Ago: Should You Now?

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CX Strategy according to Multichoice, Hollard, African Bank, FNB, ABSA, Comair, Uber and many more - Africa.com

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CX Strategy according to Multichoice, Hollard, African Bank, FNB, ABSA, Comair, Uber and many more. Corinium Global Intelligence announced that it will be hosting an all-encompassing event, Customer 360 Africa 2019, that will cover all aspects of the entire customer experience journey. These sessions will cover topics such as; how does one prepare for the customer centric revolution, what does the role of CCO look like in SA, GDPR & POPIA’s impact on delivering exceptional customer experience, how does one define the value of insights, unlocking the power of CX through employee engagement, the importance of Voice of the Employee, how data and AI are used to optimise customer experience, UX and the online frictionless experience and much more. Companies already participating include; MultiChoice, Hollard Insurance, African Bank, FNB Wealth & Investments, ABSA, Comair, Uber, Old Mutual, Alexander Forbes, Pepsi Co., Wesbank, King Price Insurance, Kenya Airways, AIG SA, Sasol, Ubank, Nedbank, University of the Witwatersrand, Joshua Knight, Edcon, Discovery Health, Telesure, Direct Axis, SA Taxi, Orin Hanrahan, Airports Company of South Africa, Momentum Digital, Netflorist, Anheuser-Busch Inbev, Hippo.co.za.

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Thursday, January 10


News

CES is now one of the world's biggest auto shows as Ford to Uber debut new technology

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With its glossy black finish, five-person cabin and six huge fan pods, the Bell Nexus looks like it belongs on the set of a science fiction film, rather than the South Hall of the Las Vegas Convention Center. But it's just one of the many unusual displays at this year's Consumer Electronics Show focused on the world of transportation rather than the TVs, smartphones and digital appliances traditionally found at CES. Not everyone thinks the solution requires turning to drones like the Nexus, but the exhibits this year show the role that digital technology — everything from laser sensors to electric drive systems — will play in the not-too-distant future. "As space at the ground level becomes limited, we must solve transportation challenges in the vertical dimension — and that's where Bell's on-demand mobility vision takes hold," Bell CEO Mitch Snyder said in a statement announcing the Nexus, one of the craft that could give Uber wings. Whether the Nexus, never mind the Uber air service, will ever get off the ground is far from certain, but the aircraft is one of the biggest and most striking products at CES. We won't be abandoning four-wheeled vehicles anytime soon. But self-driving cars are clearly on the way, and there are a number of robotized vehicles on display at CES this year. Some, like the toaster-shaped concept vehicles that fill the Kia booth, look little like the cars of today.

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Tuesday, January 08


News

Paying for Uber Just Got Easier for PayActiv Users

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"PayActiv is in the business of freeing employees' hard-earned income. The integration between PayActiv and Uber platforms keeps employees and business progressing with security, dignity, and lots of savings," said Sohail Aslam, Co-founder and CTO of PayActiv. Uber X rides are affordable and convenient and can provide a great alternative to needing a personal car. However, as Uber only accepts card payments in some markets, those living a cash-based lifestyle can't always take advantage of the world's most popular ride-hailing service until now. Workers at companies that offer PayActiv as an employee benefit can now use their earned wages to pay for unlimited rides with Uber for a flat non-recurring per pay period fee which includes access to multiple financial wellness services. For someone who just got a job or is financially struggling, a car breakdown can mean losing their job because auto repairs are expensive and the time the car is out of service could keep them from getting to work. "Uber provides mobility to people by powering millions of trips every day. With this integration, PayActiv users living a cash-based life or lacking a credit card will also be able to enjoy the convenience of Uber," said Michael Goodwin, Head of Business Development, Uber.

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