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Uber's CEO Compares An IPO To High School Prom
Thursday, October 20, 2016 - 10:16am | 371Read More...Travis Kalanick, the CEO of Uber Technologies, is asked quite often when the company will file for an initial public offering. According to Bloomberg, he now has a go-to metaphor to explain that it likely will happen — just not as soon as many hope. According to Bloomberg, Kalanick said at a...
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Silicon Valley's Problem: Tons Of Cash, Few Sure Bets
Thursday, October 20, 2016 - 9:38am | 534Read More...Silicon Valley has a problem. Not necessary a bad problem, but a problem nonetheless. Venture capital firms have too much money and too few investment ideas. According to a Bloomberg report, venture capital firms raised a whopping $12 billion in the first quarter of 2016 alone, which marks a 10-...
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Updates On Autonomy: How Self-Driving Technology Dominated September
Wednesday, October 5, 2016 - 3:52pm | 416Read More...September was really quite something for advances in autonomous technology — both on land and under the sea. What Schools Of Fish Can Teach Florida Atlantic University is studying the movement of fish to develop advanced autonomous technology capable of navigating beneath the shore. Dr. Oscar...
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Fear Of Commitment? Millennials Prefer To Lease Over Buying Their Cars
Thursday, September 29, 2016 - 2:50pm | 356Read More...Millennials are a stereotyped demographic. They have been said to have a fear of ownership when it comes to large-scale purchases, from home buying to car buying. Certainly, it appears this group has a fear of commitment. Automakers have long worried that millennials were not interested in car...
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Uber Has To Win The Self-Driving Car Race: Recode
Thursday, September 29, 2016 - 2:24pm | 295Read More...Uber is far from the only company looking to produce a fleet of self driving cars. However, according to Recode, Uber has "a lot more at stake" than its competitors and it needs to win the self-driving car race. For starters, Uber CEO Travis Kalanick admitted that developing a self-...
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Airbnb Worth $30 Billion After Latest Funding Round
Thursday, September 22, 2016 - 3:49pm | 222Read More...Just how Uber revolutionized the ride-sharing economy, Airbnb has had a similar impact on the hospitality industry, making these two companies the most influential pre-IPO unicorns. Airbnb has exploded in popularity as people are becoming more and more comfortable with the concept. In areas...
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$10 Million Is The Going Rate To Hire An Autonomous Driving Expert
Tuesday, September 20, 2016 - 2:01pm | 411Read More...Sebastian Thrun is nicknamed the "father of self-driving cars," as his career in the relatively new industry dates back to 2007 at Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s Google unit. Thrun told Recode in an interview few people outside of Google took him seriously a decade ago and, CEOs of...
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The Pandora-Uber Partnership Continues
Friday, September 9, 2016 - 11:38am | 393Read More...Pandora Media Inc (NYSE: P) upped its relationship with Uber, and it is pretty cool. Pandora and Uber signed a partnership two months ago that integrates Pandora's streaming music service into the Uber app, which gives Uber drivers an innovative way to discover new music and enjoy their favorite...
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What Would Be The Social Cost If Uber Vanishes?
Thursday, September 8, 2016 - 12:28pm | 313Read More...Uber, the popular ride-hailing app, may be popular among its users but not so much among lawmakers. Uber has been banned in Austin, Texas and has been banned or barred from entry in Barcelona, Spain, Buffalo, New York, Buenos Aires, Argentina, Vancouver, Canada, and Frankfurt, Germany. Uber...
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Uber Hits A Series Of Speedbumps This Week
Friday, September 2, 2016 - 3:14pm | 380Read More...Looks like its “uh oh” for Uber. The digital ride-sharing platform had a series of troubles spanning from competition to the courtroom this week. Friday, the Chinese Ministry of Commerce announced it will launch an antitrust investigation against Uber due to speculation that the company...
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Alphabet Exec Steps Down From Uber's Board, Cites Conflict Of Interest
Tuesday, August 30, 2016 - 11:57am | 336Read More...David Drummond, the chief legal officer for Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), also served as a member of Uber's board of directors — until this week, that is. In a somewhat complicated relationship between the two companies, Drummond was appointed to Uber's board after Alphabet's...
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Think Uber Is Profitable? Think Again
Thursday, August 25, 2016 - 12:30pm | 406Read More...Many individuals wrongly assume that Uber, the popular ride-hailing giant, is operating with a hefty profit. This is, however, incorrect. The company has lost at least $1.2 billion in the first half of 2016 alone. According to Bloomberg, Uber's head of finance, Gautam Gupta, told dozens of...
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6 Degrees Of Self-Driving Separation
Wednesday, August 24, 2016 - 12:48pm | 505Read More...The six degrees of separation theory is a theory that each person in the world can be connected to every other person in the world in only six steps. The same theory could easily apply to the self-driving car industry. In fact, all the major players in autonomous driving can be connected in much...
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Uber To Offer Drivers Retirement Planning Services With New Betterment Partnership
Wednesday, August 24, 2016 - 8:59am | 391Read More...Uber and Betterment announced a partnership today in which Betterment will supply financial advising and retirement planning services to Uber’s drivers. Betterment’s wealth management platform will be available directly through the Uber app for drivers, according to Joe Ziemer,...
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Is Uber Beating Google In The Autonomous Driving Race?
Friday, August 19, 2016 - 9:56am | 390Read More...Uber may be the current leader in the autonomous driving race, as its customers can hail a fully automated, self-driving Volvo AB (ADR) (OTC: VOLVY) SUV in a pilot project that will start this month. On the other hand, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and its Google unit are still...
















