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 »
Uber is about to face the legal fight of its life, worth hundreds of millions, against thousands of Australian cabbies
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.
After a troubled search, Uber has decided on its next CEO, with the board set to offer the job to Expedia boss Dara Khosrowshahi, according to a report from The New York Times.
Sydney startup Snooper has developed an app allowing anyone to earn cash while they are shopping, filling up petrol, or having a drink at a bar.
Fair Work is looking to determine whether Uber’s classing of drivers as ‘independent contractors’ rather than employees complies with federal workplace legislation.
A new player in the ridesharing place looking to tackle the issue of sure pricing to benefit both drivers and passengers is Hi Oscar.