A three-year investigation into a cyber attack that stole data from Uber belonging to 1.2 million Australia has found that the US tech company failed to act appropriately in response and paid the cyber criminals responsible a bug bounty for the breach. Privacy Commissioner Angelene Falk’s review said Uber “interfered” with the privacy of around… Read more »
Hello and welcome to Tuesday. Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-2.45pm. Watch online, download the ausbiz app or via 7Plus. Eftpos taps fintech advice eftpos has launched a fintech advisory committee in collaboration with FinTech Australia to give the startups a direct say in how to access and leverage the… Read more »
Uber Australia has settled a Federal Court case with an UberEats driver they sacked for being late with a delivery before the court could rule on whether then driver was an employee of the business. The move heads off the threat the US tech giant being forced to recognise drivers as employees, rather than contractors,… Read more »
US rideshare company Uber has shed its flying taxi project less than six months after the company reaffirmed plans to launch Uber Air in Melbourne. Joby Aviation, a Californian startup developing an all-electric, vertical take-off and landing (eVTOL) passenger aircraft it hopes to launch by 2023, has bought the Uber Elevate project off the rideshare… Read more »
Welcome to Tuesday and some big news globally. 1. SoftBank posts record loss Japan’s SoftBank has posted a shocker in its annual results for the fiscal year to March 31, revealing its first annual loss in 15 years in a A$49 billion turnaround. Alibaba co-founder Jack Ma resigned from the board, just ahead… Read more »
Happy Monday team. Here are some water cooler moments for you. 1. Uber faces US$1bn claim that it stole the idea A California jury has given the go ahead to an inventor’s plan to lodge a US$1 billion damages claim against Uber for allegedly stealing the idea from him. Kevin Halpern… Read more »
First mover Uber has managed to capture 90% of Australia’s ridesharing market, a Roy Morgan study has revealed, but competition is expected to heat up as Chinese rival DiDi enters the Sydney market next month. When Uber first arrived in 2013, the service was illegal, but managed to establish its dominance before ridesharing was… Read more »
Peter Fleming, University of Technology Sydney; Carl Rhodes, University of Technology Sydney, and Kyoung-Hee Yu, University of Technology Sydney The effective exclusion of Uber from London, one of the digital platform’s most lucrative markets, adds to a small but significant list of places putting up roadblocks to “uberisation”. Governments in Bulgaria, China, Denmark, Hungary and… Read more »
There’s an old sporting sledge, coined by a 1930s Springboks rugby forward after an unlikely win, that applies equally in business: “Look at the scoreboard!” Andrew Skelton, CEO and Managing Director of A2B Australia, the old Cabcharge business running the 13cabs network, said as much to Uber in the AFR last week in releasing the… Read more »
US ridesharing giant Uber has chosen Melbourne as the first international site to trial its electric helicopter Uber Air. The Victorian capital joins Dallas and Los Angeles as pilot cities for the program. Test flights are due to get underway from 2020 with the goal of commercial flights from 2023. Uber’s Australian, New Zealand and… Read more »
A class action against Uber from taxi drivers has the potential to be Australia’s biggest class action More than 6000 people among 57,000 potential claimants have already signed up for the case Class action lawyers Maurice Blackburn lodged the claim in the Victorian Supreme Court today Global ridesharing app Uber is facing a major legal… Read more »
The Australian rideshare market continues to heat up, with Chinese player Didi Chuxing today announcing it’s set to launch in Melbourne later this month.
Rideshare vehicle rental startup Splend has raised $7.2 million in funding, handing over a 12.5 percent stake to Toronto Stock Exchange-listed company Element Fleet Management.
Estonia-founded rideshare company Taxify has launched in Australia, naming Zomato’s former head of growth and partnerships, Samuel Raciti its local country manager.
Qantas has partnered with Uber to allow passengers to book rides to and from Australian airports and tally Frequent Flyer points along the way.
The lessons from Uber, Ola and rideshare’s disruption is that in the end, the consumer still pays 
Here are the finalists in Fintech Australia’s 2024 Finnies awards 
Atlassian cofounder Scott Farquhar steps down as co-CEO 
Unicorn dehorned: Nasdaq-listed Brisbane EV charging venture Tritium collapses into receivership 
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