Uber Will Test Its Flying Taxis in Melbourne

Uber also considered Rio de Janeiro, São Paulo, Paris, Mumbai, Delhi, Bangalore, Tokyo and Sydney. June 12, 2019 2 min read This story originally appeared on Engadget Uber has chosen the third test city to join Dallas and Los Angeles for its flying taxi trials: Melbourne, Australia. The third location was supposed to be Dubai, but negotiations fell through and prompted the company to look for another site for trials outside the U.S. Uber considered Rio de Janeiro, São Paulo, Paris, Mumbai, Delhi, Bangalore, Tokyo and Sydney. In the end, Melbourne won. Susan Anderson, Uber’s Regional General Manager for Australia, New Zealand and North Asia, told Reuters that it’s because the Australian government “adopted a forward-looking approach to ridesharing and future transport technology.” Melbourne, in particular, has a “unique demographic and geospatial factors, and culture of innovation and technology” that make it perfect for the trials. The ride-hailing service plans to start testing UberAir’s electric vertical-take-off-and-landing […]

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Uber Copter’s $200 Flights Launch in NYC on July 9th

For now, flights run from Lower Manhattan to Kennedy Airport. June 6, 2019 2 min read This story originally appeared on Engadget Uber’s autonomous flying taxis aren’t ready to take flight yet, but according to a report in the New York Times, it will offer air transit starting July 9th. Uber Copter will be available in New York City first, to Uber Rewards members who’ve obtained Platinum and Diamond status. Unsurprisingly, the rides will have dynamic pricing that changes based on demand, but the average ride will cost between $200 and $225, according to Uber Elevate’s Nikhil Goel. However, unlike Uber’s car service, it has a predetermined route that runs between a location near the Staten Island Ferry in Manhattan and Kennedy Airport with a flight time of about eight minutes. Uber hasn’t publicly announced the service itself, but according to the article, flights will have space for up to five passengers […]

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Uber Is Going Public at a $75.5 Billion Valuation. Here’s How That Stacks Up.

Uber’s valuation is approaching the level of General Motors and Ford combined, but still has a long way to go to catch Amazon CEO Jeff Bezos’ net worth. May 10, 2019 2 min read This story originally appeared on Business Insider Uber priced its initial public offering at $45 a share on Thursday evening, giving it a valuation of $75.5 billion. At that valuation, Uber is worth almost as much as Ford and General Motors combined. It will also have a valuation just above Goldman Sachs and be significantly larger than the electric-car maker Tesla. It is almost five times as valuable as rival ride-hailing company Lyft. Uber, however, will have to rise significantly to eclipse the personal net worth of Amazon founder Jeff Bezos, which sits at $112 billion. While Uber is huge, its valuation has dropped sharply from the $120 billion figure that was floated in October. Lyft’s rocky start has […]

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Uber Drivers Are Sleeping in Their Cars to Make Enough Money. Now, They’re Going on Strike.

The strikes come ahead of Uber’s initial public offering, which one union leader said promised to be an ‘orgy of greed.’ May 8, 2019 3 min read This story originally appeared on Business Insider Uber and Lyft drivers in a dozen cities were preparing to go on strike Wednesday, some of whom have been sleeping in their cars just to make ends meet, The Guardian reports. The Guardian spoke with multiple drivers who it said regularly slept in their cars in parking lots around San Francisco to avoid commuting home. “Drivers are the main source of profit for these companies,” one of the drivers, named Sultan Arifi, told The Guardian. “They are not losing money, we are losing money. We are losing time — working into late nights, sleeping in places like this, because you have to, you have to do it to make money.” At the heart of Wednesday’s strike is […]

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The Top Paying Gig Economy Jobs

I was on my way to a writing conference a few months ago when my Uber driver told me how much he generally makes in a weekend. “$800?” I replied, “I struggle to make that in a week sometimes.” But then he told me how much his car payment is. Add on top of that insurance, wear and tear, etc. Some even have to take out Uber driver loans just to get started. My only investments have been a computer, advertising, and my co-working space subscription. Suddenly I was making way more than him. Uber is the Kleenex and Bandaid of the gig economy world. But that doesn’t mean ride sharing is the pinnacle of gigs. Here are the gigs that could make you way more than your local Uber driver makes. 1. Deep Learning Gigs Do you want to accelerate the coming of the “singularity” while making a ton […]

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Uber Has Confidentially Filed to Go Public

Uber has confidentially filed paperwork to hold its long-awaited IPO next year, reports the Wall Street Journal. December 10, 2018 2 min read This story originally appeared on Business Insider Uber has confidentially filed an S-1 document in preparation to hold its long-awaited IPO, according to a report from The Wall Street Journal. Uber has previously been valued privately at as much as $76 billion, and its advisers reportedly say it may go public with a market cap of as much as $120 billion. According to the Journal, Uber might go public “as soon as the first quarter.” Internally, Uber is referring to the IPO planning process as “Project Liberty.” A spokesperson for Uber declined to comment. The report comes one day after Uber’s arch-rival, Lyft, announced that it had filed its initial paperwork to go public, and the two are now racing to be the first to float on the public […]

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SPI 322: How “The Rideshare Guy” Created a Business Helping Uber and Lyft Drivers

The other day I asked my Uber driver if he’d ever heard of a guy named Harry Campbell. “Isn’t that The Rideshare Guy?” he asked. And that’s exactly who we have on the podcast today! Harry is the creator of TheRidshareGuy.com and author of The Rideshare Guide and he helps people who drive for rideshare companies like Uber and Lyft. He shows them how to make more money—essentially how to have a better career driving for rideshare services. I also caught up with him recently on an episode of Tactics in a Tesla on my YouTube channel—if you’ve ever been interested in driving for Lyft or Uber, that episode is a great place to start. I just had to get Harry on the podcast as well, so today we’re talking about how he did this, how he’s growing his blog, and how he’s serving over 200,000 unique visitors per month. […]

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Arizona Governor Suspends Uber’s Self-Driving Car Tests

The company put a freeze on testing nationwide after last week’s fatal crash. March 27, 2018 2 min read This story originally appeared on Engadget As the investigation into last week’s fatal crash where an autonomous Uber SUV struck and killed a pedestrian in Tempe, Ariz., the state’s governor has suspended Uber’s permission to test its cars there. While the company had already halted testing nationwide after the test, this is a turnaround after Gov. Doug Ducey (R) had welcomed self-driving testing from many companies with open arms in a relationship that stretches back a few years. Just a few weeks ago Ducey updated his autonomous vehicle executive order to allow testing without a safety driver. In this crash, there was a test driver behind the wheel, but neither they nor the car reacted in time to avoid a woman who crossed in front of the car. In a letter to Uber, the Wall Street Journal reports Ducey […]

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