World News

2 Uber managers detained in France over low-cost service

PARIS (AP) — French authorities took two Uber managers into custody for questioning on Monday over "illicit activity" involving its low-cost service. The detentions came amid rising tensions between the government and the ride-hailing company, which culminated last...
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Hungary becomes latest country to crack down on Uber

Hungary became the latest country today to crack down on ride-booking app Uber, with the government confirming that only licensed taxi drivers would be able to use the service from 2018. The announcement comes a day after taxi drivers staged violent protests against...
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How Uber Breaks the Rules (And Why You Should Care)

  Not quite sure why ride-sharing app Uber is getting so much flack? Political muscle of the taxi industry is one answer. But there are legitimate safety concerns at stake. Shawn Marquez doesn’t understand why this has to be so hard. As acting director of...
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French president wants Uber’s cheapest service shut down; Uber says no

PARIS — France's president wants Uber's cheapest car service shut down and its vehicles seized, but Uber refuses to stop the service until a ruling by the country's top court. The standoff, and a violence-marred taxi strike that upended Paris travel, reflects larger...
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What If Uber Is Overvalued By 90%?

Aug 5, 2015

Summary “Unicorn math” is basically pure fiction. Nobody knows how profitable these companies actually are. Rising interest rates could cause the Unicorn bubble to pop. How about that Unicorn bubble? "Unicorns," as most investors now know, are Silicon Valley startups...

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Here Are the Internal Documents that Prove Uber Is a Money Loser

Aug 5, 2015

Uber, Silicon Valley’s prized amoral unicorn, is presumed to be a financial titan and a sure-thing IPO in the near future. Which may be true. But one thing that’s frequently missing from the conversation about its inevitable dominance over virtually every facet of our...

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Will Uber Be the Boss of You?

Aug 5, 2015

Uber will like, totally change your life... Or so we thought. But Uber now stands accused of hiding behind algorithms to mask the power and control it exerts over drivers. This is the charge levelled to the company this week by two researchers at a New York think...

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