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Walmart+ takes on Prime by dropping $35 minimum on Walmart.com purchases

Walmart+ takes on Prime by dropping minimum on Walmart.com purchases Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove […]

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Uber officially completes Postmates acquisition

Uber officially completes Postmates acquisition Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own […]

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India sets rules for commissions, surge pricing for Uber and Ola

India sets rules for commissions, surge pricing for Uber and Ola Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances […]

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Despite commitment to anti-racism, Uber’s Black employee base has decreased

Despite commitment to anti-racism, Uber’s Black employee base has decreased Uber today released its latest diversity report, showing a decline in the overall representation of Black employees in the U.S. despite an increased focus on racial justice this year in the wake of the police killing of George Floyd. In 2019, Uber […]

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Lime touts a 2020 turnaround and 2021 profitability

Lime touts a 2020 turnaround and 2021 profitability Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free […]

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Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M

Greece’s Marathon Venture Capital completes first close for Fund II, reaching M Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around […]

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Uber in talks to sell ATG self-driving unit to Aurora

Uber in talks to sell ATG self-driving unit to Aurora Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and Softbank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in […]

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Lyft sees ride revenues recover by nearly 50% in just three months

Lyft sees ride revenues recover by nearly 50% in just three months Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop […]

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Uber has its highest close since IPO

Uber has its highest close since IPO Uber shares surged 7.38% to close at $48.18 following news that a vaccine candidate is 90% effective at preventing COVID-19, and could start coming to market in a matter of months. The announcement by drugmakers Pfizer and BioNTech sparked widespread optimism and helped boost shares across […]

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Human Capital: The gig economy in a post-Prop 22 world

Human Capital: The gig economy in a post-Prop 22 world Welcome back to Human Capital and congrats on making it through one of the hardest weeks of the longest year. Now that the Associated Press has called the election in favor of Joe Biden, it should be good news for DEI practitioners, […]

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