Uber chief product officer Jeff Holden becomes latest to leave the ride-hailing app May 18, 2018 The chief product officer and front man for Uber’s flying taxi plans Jeff Holden is leaving the company to pursue other opportunities. Holden, who joined the company in 2014 after leaving Groupon, has been at the forefront of Uber’s new project Elevate and his resignation comes at a bad time for the project that now [...]
Uber admits TfL was ‘perfectly correct’ to revoke its London licence as company kicks off appeal to win it back June 25, 2018 Uber’s UK general manager Tom Elvidge has said he “absolutely accepts” TfL’s decision to revoke its licence on the grounds it was not a “fit and proper” private licence holder. Giving evidence at a three-day hearing in which the operator is seeking to persuade TfL it has changed and deserves a renewed licence, Elvidge said [...]
Stagecoach wants inquiry after rail bid document was leaked to rival April 20, 2019 Stagecoach has called for a review of the way rail franchises are awarded after it emerged that a rival had seen the details of its bid. The transport company claimed that the department for transport (DfT) failed to investigate the incident properly, although the DfT deny that any information rival Abellio saw would have influenced the bid. Read [...]
Transport for London wants access to Uber’s greatest competitive asset – the swathes of data that underpins its success February 22, 2018 Efficiently matching supply with demand is the bread and butter of tech platforms operating in the gig economy. AirBnb matches spare rooms with short-term renters. Deliveroo matches restaurants with hungry consumers, via a network of riders. Uber matches car owners with people who need lifts. Each transaction creates rich data. When processed, that data becomes [...]
City Moves for 13 February – who’s switching jobs at Spotahome, Improbable and DAC Beachcroft? February 13, 2019 Who’s on the move today? Spotahome Spotahome has appointed Cleo Sham, who helped grow Uber’s presence in China to become the ridesharing app’s largest market and led the EMEA operations for the American company, as chief operating officer (COO) to oversee the Madrid-based property technology company's global operations functions to spearhead fast-growth.Sham started up at [...]
How to immunise yourself against a toxic work culture November 22, 2019 What determines whether a business will be successful? Some would say that it’s all about the product or the idea. Others might think it’s down to strategy and execution. While these things are important, competitors can — and often will — catch up. Read more: We reviewed all the Christmas sandwiches, so read this before [...]
Our favourite restaurants and bars re-open! July 15, 2020 As businesses make their first steps back towards ‘normal life’ we have listed some of our favourite London spots to help you keep up to date with what’s on offer across the City. 1 Lombard Street will reopen on 20th July with some exciting new changes as chef, restaurateur and food writer Mark Hix joins the [...]
Daimler takes stake in Uber rival Taxify as cab-hailing app reaches $1bn unicorn status May 30, 2018 Uber rival Taxify has reached unicorn status thanks to the completion of $175m funding round led by vehicle giant Daimler. Uber’s European rival is now valued at $1bn following the round which also involved TMT Investments, European venture capital fund Korelya Capital, TransferWise’s co-founder Taavet Hinrikus and Chinese taxi-hailing app Didi Chuxing. In acquiring a [...]
Uber sells South East Asia business to rival Grab March 26, 2018 Uber will sell its South East Asia business to rival Grab as it surrenders to stiff competition in the region. Uber will take a 27.5 per cent stake in the combined company after it agreed to merge with Grab. Approximately 500 Uber workers across the region will transition over to Uber’s rival. Customers will also [...]
Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]