During the thick of the pandemic last year, online food delivery company DoorDash expanded its offerings to include convenience store delivery. Now, DoorDash customers in the U.S. and Canada can shop across multiple stores and categories in a single order. With DoubleDash, as the program is called, you now tack onto your order of a pad […]
The Slow Collapse of Amazon’s Drone Delivery Dream
An anonymous reader quotes a report from Wired: Well over 100 employees at Amazon Prime Air have lost their jobs and dozens of other roles are moving to other projects abroad as the company shutters part of its operation in the UK, WIRED understands. I…
Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the right answer is our IC+ […]
Uber shares fall despite revenue beat as its core operations continue to lose money
Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to generate positive adjusted EBITDA in the second quarter, Uber did not. However, Uber did generate positive net income of $1.14 billion […]
Third Wave Automation raises $40M to bring its autonomous forklifts to warehouses
The California-based startup, which was founded in 2018, has raised $40 million in a Series B round led by Norwest Venture Partners.
GM’s earnings dragged down by Chevy Bolt recall
The twice-issued recall for 2017 to 2019 Chevrolet Bolt electric vehicles cost General Motors $800 million, the company said in its second quarter earnings statement Wednesday. Costs associated with fixing defective Bolt batteries make up the lion’s share of GM’s $1.3 billion in warranty expenses last quarter. CEO Mary Barra specified on an investor call […]
Autonomous cargo drone startup Elroy Air lands $40M Series A
Elroy Air has raised a $40 million Series A, including financing from Lockheed Martin’s venture capital arm, to ramp up the build, testing and validation of its inaugural autonomous cargo drone. The funding round saw participation from Marlinspike Capital and Prosperity7, as well as existing investors Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield […]
What if Highways Were Electric? Germany Is Testing the Idea.
An electrified highway is theoretically the most efficient way to eliminate truck emissions. But the political obstacles are daunting. From a report: Traton is among the backers of the so-called eHighway south of Frankfurt, a group that also includes S…
Gig companies take worker classification fight to Massachusetts through ballot initiative
A coalition of app-based ride-hailing and on-demand delivery companies including Lyft, Uber, Doordash and Instacart have filed a petition for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors as the industry takes a fight it won in California on the road. The ballot measure proposed by the Massachusetts […]
Extra Crunch roundup: Square buys Afterpay, paid search basics, career advice for devs
Square paid around a quarter of its present-day value for Afterpay. That seems like a lot. But was it too much?