Tag Archive Technology

ByCab4Now.com

Uber sees biggest-ever quarterly loss: $5bn in three months

Uber lost $5.24bn in the last three months, its largest-ever quarterly loss, news that sent the ride-hailing company’s shares sliding 10%.

The company was reporting earnings for only the second time following its share sale in May. The latest losses were worse than analysts had expected and the company announced revenues that were also below predictions.

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ByCab4Now.com

Will Uber ever make money? Day of reckoning looms for ride-sharing firm

Uber has big plans. The ride-hailing service wants to ferry the world around in self-driving cars and on electric scooters, deliver our takeouts and groceries by drone, and ship freight via robot trucks. But first Uber needs to answer a big question: will it ever make any money?

This week, Wall Street will have the chance to ask that question.

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ByCab4Now.com

UberEats to change ‘unfair’ contract that forces restaurants to pay all refunds

UberEats in Australia has agreed to change an “unfair” contract that forced local restaurants to pay for all customer refunds – even if they were not at fault – after an investigation by the Australian Competition and Consumer Commission.

Previously, if a customer requested a refund, that money came out of the restaurant’s pocket – even if the deliverer or Uber itself made the mistake.

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ByCab4Now.com

The Innisfil experiment: the town that replaced public transit with Uber

When Daniel Arrega, 19, heads to work at a mall in Innisfil, he has few options for his commute. Walking along the highway would take nearly three hours. A taxi is faster but expensive.

So he takes the town’s public transit: Uber.

“It’s great for young people, especially if you don’t have a licence,” he said after arriving at the branch of Tommy Hilfiger where he works.

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ByCab4Now.com

Female drivers feel abandoned by Uber and Lyft after reporting a sexual assault

One month into driving for Lyft around Atlanta, Alicia Dukes was sexually assaulted by a passenger on 21 April after she drove him to a gas station and back to his apartment.

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ByCab4Now.com

Hit the mute button: why everyone is trying to silence the outside world

The mute button was invented in 1956 by Robert Adler, an Austrian-born engineer working for the Zenith Radio Corporation in Chicago. It was one of the four buttons on his Space Command 400, the first commercially viable TV remote control. The other three buttons – on/off, channel up and channel down – might have seemed more vital, but Adler’s boss, Eugene F McDonald, a former naval intelligence officer who was nicknamed “The Commander”, had insisted on mute.

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