Posts belonging to Category UBER economy



Driverless cars similar to antibiotics says Carlos Ghosn

We’re Five Years From Safe, Driverless Cars For All

Carlos Ghosn, CEO of the Renault-Nissan-Mitsubishi Alliance,  has detailed the impact of the driverless car on human daily lives (Interview at BFMTV). There are between 1,3 million and 1,4 million death on roads every year in the world. The driverless car will eliminate 90% of the fatal accidents.

https://www.forbes.com/

Uber’s new profit source

Uber’s food-delivery company is outgrowing the taxi business in some cities

Uber’s fast-growing food-delivery business is now bigger and more important than Uber’s conventional taxi business in numerous cities across the world.

Uber told Business Insider that UberEats was bigger than Uber’s transportation app in 19 European cities, and Toussaint Wattinne, a general manager for UberEats in London, described UberEats as among the world’s fastest-growing food-delivery services.

http://www.businessinsider.com… Wed., 27  December 2017

Uber paid $100K ransom after 57M accounts were hacked

Company paid hackers $100,000 to delete info, keep quiet

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.

http://www.bloomberg.com…  Wed., 22  November 2017

Uber is one step closer to a massive investment from SoftBank

Uncertain future for Travis Kalanick

A deal between Uber and SoftBank is nearly done. Today (Oct. 4) Uber announced in a statement it would move forward with a proposed investment from Japanese tech giant SoftBank which could close “in the coming weeks,” and also voted in favor of a number of corporate governance reforms. The decisions bode poorly for Uber founder Travis Kalanick, who has sought to retain his influence over the company after stepping down as CEO in June, and could pave the way for broader changes in Uber’s international operations.

SoftBank, which said in August it’s interested in investing in Uber, hasn’t made public the size of its proposed investment, but a person with knowledge of the deal said that SoftBank, along with other investors, will invest $1.25 billion directly in Uber at a $69 billion valuation, and will also purchase 14% to 17% of outstanding shares from existing investors. The person also added that Uber will go public by 2019, something which Uber’s new CEO hinted at in August.

http://www.qz.com…  Wed.,  04  October 2017

Social Rights for 'gig economy' workers

EU seeks more protection for Uber-style jobs

The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.

The Commission’s consultation document on these plans, seen by Reuters, is part of a broader reworking of the EU’s economic priorities, after pressure from populist forces that accuse Brussels of having pursued ultra-liberal policies to the detriment of wo

http://www.reuters.comMon.,  25  September 2017

Is UBER a Ponzi scheme?

Magellan’s Hamish Douglass says Uber is a ‘Ponzi scheme’

Uber’s practice of persistently raising capital from private investors is akin to a Ponzi scheme, according to veteran investor and Magellan Financial Group chief executive Hamish Douglass.

In a candid interview at the Stockbrokers and Financial Advisers Conference in Sydney on Wednesday, Mr Douglass lamented the dramatic losses awaiting Uber investors as automated driving technology permeates the market.

http://www.smh.com…  Wed.,  24  May 2017

Terrifying prediction for jobs in developing countries

Automation a threat to 77% jobs in China

Research has predicted that the proportion of jobs threatened byautomation in India is 69%, while it is 77% in China and 85% in Ethiopia, World Bank President Jim Yong Kim has said, citing data from the multilateral agency.

http://www.indiatimes.com…  Tue.,  02 May 2017

Uber's turmoil

Uber’s No. 2 executive quits after 6 months

Uber president Jeff Jones is quitting after six months on the job because of concerns over the firm’s management culture. “The beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber,” Jones said in a statement.
Jones was second in command to CEO Travis Kalanick, running Uber’s ride-hailing operations, marketing and customer support. A former Target executive, he was named president at the end of August.

http://money.cnn.com…  Tue.,  21 March 2017

Donald Trump said to Congress that US job market sound worse than it is

Ninety-four million Americans out of the labor force?

During President Donald Trump’s speech to Congress on Tuesday night, the president looked at the current economic and political situation he took over when he came into office. In doing so, however, Trump repeated a figure that makes the job market sound much worse than it is. “Tonight, as I outline the next steps we must take as a country, we must honestly acknowledge the circumstances we inherited, ” said Trump.”Ninety-four million Americans are out of the labor force.”
That seems like a lot considering that the total US population is just over 320 million people. But consider what the Bureau of Labor Statistics is actually measuring when it counts those 94 million.

http://www.businessinsider.com…  Wed.,  01 March 2017

80% of the jobs people do today won't exist in the future

The global jobs market is on “the cusp of a radical transformation.”

Speaking at the second annual HSBC Innovation Summit in London on Friday, Gavin Patterson (CEO of BT)  said: “It’s a combination of ubiquitous networks, ubiquitous data, ubiquitous processing capabilities, sensors in everything, augmented reality, virtual reality — the future looks very, very different. “Frankly, it’s quite possible that 80% of the jobs that people do today won’t exist in the future. It’s not quite clear where we go from here.”

http://www.hsbc.com … Sat,  29 October 2016