Uber Air announces first international city to trial flying taxis

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Uber has announced the first international city its flying taxis one day might be buzzing over. 

The Australian city of Melbourne will join Los Angeles and Dallas as the third official pilot city for Uber Air, the rideshare company’s ambitious project to transport people in short distances via the skies. 

Test flights are expected in 2020, with commercial operations aimed for as soon as 2023. Uber claims trips will be priced the same as an UberX ride over the same distance, but we’ll see about that. 

“Australian governments have adopted a forward-looking approach to ridesharing and future transport technology,” Uber Australia, New Zealand and North Asia general manager Susan Anderson said in a statement. Read more…

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Home flippers hire Uber and Lyft drivers to scout properties in a pricey housing market

Competition is so fierce in the home flipping market that some investors are hiring Uber and Lyft drivers to help them scour a wider territory for possible properties.
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‘Uber of Weed’ wants to raise $100M despite app store bans

Snoop Dogg-backed cannabis company Eaze is raising a new round of financing that’s expected to value it at $ 800 million — despite Google trying to kill the vibe on Wednesday, sources told The Post. The San Francisco company is seeking $ 100 million in a fundraising bid that could value the pot delivery service at 140…
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Uber and Lyft drivers plan massive strike

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Drivers for Uber and Lyft are planning strikes in several cities on May 8th, ahead of Uber’s initial public offering (IPO). They are demanding better working conditions and increased pay. Read more…

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Reports: Is Bey $300 Million Richer from Uber IPO?

Last week, car-sharing service Uber went public and Beyonce is rumored to have scored big money as a result.

People magazine reports that Queen Bey received $ 6 million in restricted stock units (RSUs) from Uber co-founder Travis Kalanick to perform at an event.

With the IPO, speculations abound that she made $ 300 million from her shares.

MarketWatch calls Uber’s IPO, “the biggest in years” and that the company “raised more than $ 8 billion”; the IPO still fell short of an expected valuation of $ 100 billion.

Beyoncé Giselle Knowles-Carter has proven time and time again that there is nothing that she cannot do. At 37, the multifaceted entertainer has earned 23 Grammy wins, the 2019 Vanguard Award at the GLAAD Media Awards with her husband Sean “Jay-Z” Carter, and her second Entertainer of the Year Award at this year’s NAACP Image Awards. Yet, in spite of her mounds of success and accolades, the mother of three doesn’t seem to be slowing down anytime soon.

In 2017, Black Enterprise reported that Bey and Jay-Z had an estimated combined net worth of $ 1 billion. With the Uber IPO and her deal with Netflix worth $ 60 million, according to Variety, the power couple may be destined to exceed $ 1 billion net worth in the very near future.

—Additional reporting by Selena Hill

The post Reports: Is Bey $ 300 Million Richer from Uber IPO? appeared first on Black Enterprise.

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Uber drivers cross Brooklyn Bridge to protest IPO

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You’ve just been harassed in an Uber or Lyft. Here’s what you can do.

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A woman’s recent Lyft horror story involving an inappropriate driver has become yet another reminder that safety issues can be hard to navigate when using ride-hailing apps. But as a passenger, you do, in fact, have several different options you can take during and after a bad ride.

Let’s say you’re coming home late at night, alone and with your home address plugged into the app. Using this guide, you can better know what to do if the driver starts harassing you — whether you’re in a Lyft or Uber.

First, if anything life-threatening goes down in a car, call the police on your phone immediately. Uber has its safety center always clickable within the app and a dedicated 911 button. Other safety features introduced last year on the Uber app include a contact list you can set up to notify friends and family about a situation. Read more…

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Lyft, Uber can’t change fact that the Silicon Valley IPO is just getting worse for public investors

Lyft, Slack, Pinterest and Postmates have already filed. Uber and Airbnb are expected to join before the end of the year. But even with the big names and big valuation initial public offerings in 2019, there is evidence the traditional IPO is dying.
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People still fear self-driving cars a year after Uber fatal crash

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Elaine Herzberg was walking her bicycle across a Tempe, Arizona street when a Volvo XC90 hit her, almost a year ago on March 18, 2018. She died at the hospital. 

The car that hit her was an Uber, but this one was self-driving. The driver and sole occupant in the car was a “safety operator” sitting behind the wheel, not controlling the vehicle.  

The fatal crash had immediate ramifications for Uber’s self-driving car program and the industry. Only recently did Uber restart its testing (and only in Pittsburgh). Now 12 months later, we’re seeing that the public perception of autonomous vehicles (AVs) is still heavily affected by that deadly crash.  Read more…

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Uber driver shooting spree survivors, victims’ loved ones remember tragic day

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How criminals use Uber and Airbnb to launder money stolen from your credit card

Cybercriminals are mixing old school and new school methods of money laundering, including innovative methods for mixing ill-gotten cryptocurrencies with legitimate cash and recruiting Airbnb hosts and Uber drivers via the dark web.
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Starbucks partners with Uber Eats to expand coffee delivery

Starbucks is expanding its delivery service and aims to offer it at nearly one-fourth of its U.S. company-operated coffee shops. The company said it is launching the service Tuesday in San Francisco and will expand to some stores in New York, Boston, Washington, Chicago and Los Angeles in coming weeks. It tested the idea in…
Business | New York Post

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How Brian Dunkelman Went From ‘American Idol’ Host to Uber Driver

One of the promises of TV talent shows is that they can lift normal people out of normal jobs and make them superstars.

For Brain Dunkelman, who made $ 17,000 a week when he co-hosted (with Ryan Seacreast) the first season of American Idol, that promise has been turned on its head.

For Dunkelman, who quit the show after his first season in 2002, is now making a living as an Uber driver, pulling in around $ 800 for a 45-hour week.

Read more at The Daily Beast.

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Uber makes confidential filing for long-awaited IPO

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.


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Lance Armstrong says his investment in Uber ‘saved our family’

Lance Armstrong's early investment of $ 100,000 in Uber has multiplied in value. Armstrong tells CNBC the investment has "saved" his family after being forced to pay millions in settlements over his doping as an elite cyclist.
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15-Year-Old Boy Dies in His Sleep After ‘Surfing’ on Roof of an Uber — Leading to Driver’s Arrest

A New York Uber driver is accused of manslaughter after three teenage passengers who’d been drinking allegedly paid him to let them climb onto the roof of his moving car — and then one of them fell off and died, PEOPLE confirms.

The driver, 24-year-old Danyal Cheema, of Huntington Station, was charged Monday with second-degree manslaughter in the death of 15-year-old Ryan Mullen, of Cold Spring Harbor.

Cheema is being held in lieu of $ 200,000 bond following his arrest on Sunday. It was unclear if he’d entered a plea. His attorney, Christopher Renfroe, did not immediately respond to PEOPLE’s request for comment.

In the incident shortly after midnight on Sept. 23, Cheema was behind the wheel of his 2010 Toyota Highlander as an Uber driver when he picked up the three teen boys in Huntington, after they had been drinking, according to the Suffolk County District Attorney’s Office.

On the way to their destination, the boys allegedly offered Cheema $ 70 cash — and gave him $ 40 — if he’d let them climb onto the car’s roof at an intersection so they could “car surf” as the vehicle took off, the investigation revealed.

Mullen and a second teen then remained on the roof as Cheema drove along Cove Road, with the third boy recording them in a Snapchat video.

Mullen’s subsequent fall led to head trauma “which resulted in his death,” according to the prosecutor’s office. Although Cheema brought all three boys to their destination at a home in Huntington, Mullen “succumbed to his injuries in his sleep later that day,” the prosecutor’s office said.

• Want to keep up with the latest crime coverage? Click here to get breaking crime news, ongoing trial coverage and details of intriguing unsolved cases in the True Crime Newsletter.

“This was an incredibly bad decision by the defendant and a bad decision by the boys involved,” District Attorney Timothy Sini said in a news release. “But at the end of the day, this defendant is an adult who was contracted to safely bring those boys home and he failed to do that.”

“We have a culture right now where the mindset is, ‘How can we outdo each other?’ Particularly among young people on social media, and we often see the tragic consequences of that,” Sini said. “A lot of young people think they are invincible and that’s something we need to keep drilling in their heads that this could happen to anyone when you engage in this kind of conduct.”

He added: “In this day and age, we often encourage people to use ride sharing services because it’s a safe alternative to drinking and driving. These boys were doing that; they were drinking that night and they made the right decision to contract with a car service.”

“Unfortunately the defendant made a reckless decision and engaged in reckless conduct that caused the death of a young boy, and he will be held accountable for that,” Sini said.

In his obituary, Ryan was remembered as a “loving son” and “fierce friend.”

He “lived life so large and his time here was short,” his family wrote. “God had other plans.”

Cheema faces five to 15 years in prison if convicted of the manslaughter charge. He is due back in court on Friday.


PEOPLE.com

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How is Uber valued at billions of dollars without being profitable?

Dear John: How is it that Uber is valued at billions of dollars yet continues to lose millions? All they care about is sales. They get investors’ money, and their executives make insane money, and all the while the company isn’t profitable! I don’t get it. I thought when you run a company the focus…
Business | New York Post

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Uber posts $1B quarterly loss as bookings growth slows

Uber Technologies said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. The San Francisco-based firm lost $ 1.07 billion for the three months…
Business | New York Post

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You can now order from Uber Eats and expense it to your company in the app

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You’ve just flown in for a conference. It’s late. You order a car to the hotel and realize you haven’t had dinner yet. The hunt for something to eat is on.

More and more business travelers are firing up the Uber Eats app and ordering food delivery. And as of Thursday, instead of tracking the order and submitting a receipt to get reimbursed for the meal, Uber Eats has its own business platform, just like Uber for Business for rides. The new product is called — wait for it — Uber Eats for Business.

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