uber

Uber rebutted information about its plans to accept bitcoin as passenger fare.

Budweiser Eyes Chinese Beer Market to Topple Reign of Local Beer Companies
October 7th, 2019

AB InBev plans to enter the Chinese market as well as other Asian countries. The company would, however, have to develop a strong enough market entry strategy, to stand a chance against local companies.

PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely
October 4th, 2019

PayPal was the only company noticeably absent at the recently held Libra Association meeting. The payment giant is reportedly planning to quit Facebook’s project to keep its hands clean of regulatory dirt.

Electric Scooter Startup Bird Acquires $275 Million in Funding, Hits $2.5 Billion Valuation
October 4th, 2019

The electric scooter start-up, Bird, has acquired $275 million in Series D funding round led by CDPQ and Sequoia Capital at a valuation of $2.5 billion with the company aiming to improve its unit economics.

Uber Copter Now Available for Everyone in NYC
October 4th, 2019

Recently Uber, the ride-hailing company, announced that the Uber Copter helicopter taxis in JFK airport are now available for everyone’s use. Previously the service was only for premium members.

Uber Merging All Its Services in One Major Overhaul
September 27th, 2019

Uber announced 25+ changes to its platform on Thursday. Most significant moves include merging its ride-hailing app and food-delivery app Uber Eats, and offering users alternative travel information including bikes, scooters, public transportation, and even helicopters.

WeWork’s Largest Investor is Plotting to Remove Adam Neumann as CEO
September 23rd, 2019

Following a strange corporate governance structure and other methods, WeWork’s largest investor is now looking to have Adam Neumann removed as CEO.

Facebook Releases Full Details of Libra’s Basket of Currencies
September 23rd, 2019

Facebook has finally released the full list of the fiat currencies which will back Libra. While it may not come as much of a surprise, what remains yet to be seen is how France and Germany will be encouraged to accept Libra.

SmileDirectClub Shares Go Down 28% below Their IPO Price
September 13th, 2019

Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share, slightly above the $19- to $22-a-share range it had said it would be targeting. But yesterday its shares went down.

There Are Many Requests from Interested Members, said Libra Association Director
September 13th, 2019

The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.

Voyage Pulls in $31 Million Funding Aimed at Deploying More Self-Driving Taxis
September 13th, 2019

Self-driving car company, Voyage, has pulled in additional funding in a Series B round. The CEO has said that the funds will be directed not only at increasing the company’s staff strength, but also the quality of its service.