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Tag: Uber

Uber ends forced arbitration for sex misconduct victims — but only for individuals

Uber ends forced arbitration for sex misconduct victims — but only for individuals

Technology
The rideshare company Uber announced Tuesday that it is doing away with a rule that forced arbitration on passengers and drivers who come forward claiming they've been sexually harassed or assaulted. But the move is drawing some criticism for applying only to individuals and not class-action suits. The policy shift was detailed in a letter titled "Turning the lights on" published on the company's site. Uber's Chief Legal Officer Tony West wrote that the company "will no longer require mandatory arbitration for individual claims of sexual assault or sexual harassment by Uber riders, drivers or employees." This update, he continued, will "give riders, drivers and employees options to continue taking accusations of harassment or assaults into arbitration, but also allow for a confidential...
Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO

Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO

Finance
Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering (IPO), according to a report.Didi Chuxing was last valued at more than $ 50 billion in December, after raising $ 4 billion from investors including Japanese conglomerate SoftBank. It now wants to reach a valuation of between $ 70 and $ 80 billion through an IPO, The Wall Street Journal reported, citing unnamed sources.The company could go public as early as the second half of 2018, sources told the WSJ, but as talks are in the early stages a set date for the listing is not entirely clear.Didi Chuxing declined to comment on the report when contacted by CNBC.Didi said Tuesday that it was expanding its service to Mexico, a move that pits the company directly against Uber. Didi has also said it wants to ...
Google invests in Indonesia’s answer to Uber

Google invests in Indonesia’s answer to Uber

Finance
Google has made an investment in Indonesian ride-hailing start-up Go-Jek.The move is part of Google's ambition to grow Indonesia's digital economy and start-up scene, the tech giant said in a statement Monday."Go-Jek is led by a strong Indonesian management team and has a proven track record of using technology to make life more convenient for Indonesians across the country," said Caesar Sengupta, vice-president of at Google's next billion users initiative, which is the company's plan to target its "next billion" users around the world."This investment lets us partner with a great local champion in Indonesia's flourishing startup ecosystem, while also deepening our commitment to Indonesia's internet economy."Google did not disclose the amount invested in Go-Jek.Reports of the internet tit...
Uber must follow same rules as taxis – EU court

Uber must follow same rules as taxis – EU court

Business
Ride hailing phone app Uber is a taxi service and can be regulated, an EU Court has ruled.The ruling from Europe's highest court found that Uber "must be regarded as being inherently linked to a transport service and, accordingly, must be classified as 'a service in the field of transport'​​​​​​".In short, this means Uber will now be officially recognised as a cab company rather than a technology company.Image:Uber has insisted the outcome of the case will not affect their businessOne implication of the ruling is that the company will now be regulated as transport company, meaning that rules can be set at country level.:: 10 Uber-interesting facts from 'brilliant jerks' to forced selfiesIn contrast, rules for digital platforms - which the company had argued that they were - are set Europe-