Company won licences for Manchester and Sheffield but faces pressure from Chinese governmentChinese Uber rival Didi Chuxing has reportedly suspended plans to launch in the UK and Europe, as the ride-hailing company faces pressure from authorities in it…
California’s gig worker Prop 22 ruled unconstitutional by superior court
In a late Friday night blow to Uber, Lyft and other gig worker-centered companies, a superior court judge ruled that California’s Proposition 22, which was passed in 2020 and designed to overrule the state’s controversial AB-5 law on the employment status of gig workers, violates the state’s constitution. Gig worker bill, AB-5, passes California State […]
Bird shows improving scooter economics, long march to profitability
Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught.
End of the line for Uber
Uber is a bezzle (“the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it”). Every bezzle ends.
Indian bike taxi service Rapido raises $52 million
Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures, […]
Regulations can define the best places to build and invest
If we look at the way the regulatory fabric is being stitched, there are a number of areas that will provide outsized returns. Three stand out in particular.
Extra Crunch roundup: Influencer marketing, China’s tech clampdown, drafting growth teams
Before you hire a marketing consultant who doesn’t understand your products or commit to a CMO who has several years of experience — but none in your sector — consider influencer marketing.
Product School raises $25M in growth equity to scale its product training platform
Traditional MBA programs can be costly, lengthy, and often lack the application of real world skills. Meanwhile, big global brands and companies who need Product Managers to grow their businesses can’t sit around waiting for people to graduate. And the EdTech space hasn’t traditionally catered for this sector. This is perhaps why Product School, says […]
Felt raised $4.5 million to get you to ‘think in maps’
From vaccine distribution plans to fire trackers to bar crawls for your best friend’s birthday, maps help people visualize space and express impact. And Felt, a new Oakland-based startup co-founded by Sam Hashemi and Can Duruk, is on a mission to make the medium more mainstream. Felt is a collaborative software company that wants to […]
Uber asked contractor to allow video surveillance in employee homes, bedrooms
Employee contract lets company install video cameras in personal spaces.