Latest news with #UberX
Miami Herald
22-05-2025
- Business
- Miami Herald
Uber CEO reveals a crucial key to business success
While both the retail and automotive sectors are both grappling with the chaos that's ensured ever since President Donald Trump announced his tariffs plan on April 2, a few select businesses have been lucky enough to be "tariff-proof." One such retailer is TJX Companies, which along with its brands TJ Maxx, Marshall's, and HomeGoods, has been rallying lately despite the trade war. That's because the discount chains buy secondhand goods from other retailers, meaning they do not have to import their products from overseas. Don't miss the move: Subscribe to TheStreet's free daily newsletter Another company that doesn't need to worry is beverage giant Coca-Cola. Thanks to steps the company has taken to hedge against rising aluminum costs, Coca-Cola will not feel the sting the way hundreds of thousands of other businesses will. Certain lucky business models are not affected by tariffs at all. One of those is Uber (UBER) , which relies on its users to supply their own vehicles in order to use the service. Related: Uber shares new budget-friendly pricing model When Uber reported its Q4 earnings on May 7, they looked terrific: its Q1 revenue soared a remarkable 14% year over year at $11.5 billion, with a revenue forecast to grow 12% over the next three years. Uber CEO Dara Khosrowshahi's recent interview with The Verge addressed the rideshare company's future plans, including a new service that sounds a lot like a bus and which Khosrowshahi calls "complementary to public transit." But the CEO also shed some light on a key part of his success strategy with his company, and his advice is well worth checking out. Image source: Burkardt/SXSW Conference & Festivals via Getty Images Early in the interview, The Verge editor-in-chief Nilay Patel asked Khosrowshahi an interesting question: whether he "dogfoods" his own products. Dogfooding is a practice where businesses use their own products in real-world settings. When asked if he uses Uber services, including UberX and Uber Black, Khosrowshahi had some interesting insight to share. "Actually, one of the really important moves I made was starting to deliver," Khosrowshahi revealed. "Most Uber employees use Uber as consumers, but not as many use Uber as earners, as drivers, or as couriers. Early on when I joined, we were building more for the rider or the eater than the earner." Related: Uber takes aim at Tesla with its newest plan Khosrowshahi went on to say that during Covid, he felt he was "going crazy at home." The CEO's solution? To get on his e-bike and start delivering food. "Then, I got a Tesla and I started driving folks around," Khosrowshahi said. "I really do think that it's important to dogfood. You can't do it every single day, because you have a day job. But for one, you learn about your product. Just as importantly, you're setting an example for your employees." Khosrowshahi also added that Uber driving is "a lot harder than it looks." "When I first started driving, I was so nervous," he said. "I didn't want to screw up. I didn't want to take the wrong route. It's actually a lot more challenging than you think it is." The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Metro
17-05-2025
- Business
- Metro
'Uber has innovated so hard… they invented a bus'
Uber is launching a new service in the US called Route Share and the internet isn't impressed. Several social media posters have mocked the offering, saying the company have basically 'invented the bus'. Unveiling Route Share in a blog post, Uber said the service would allow riders to share a car over a predetermined route with with designated pickup points. Speaking at a conference, Uber's head of product Sachin Kansal: 'We ask the riders to walk a few blocks to a predetermined point at a predetermined time to participate in a predetermined route which they will share with a couple of other riders. We call that Route Share.' It will cost up to 50% less than UberX the firm said on its blog, with savings made if you buy subscriptions or prepaid passes. The user goes into their Uber app and puts in where they will be going from and their desired destination and the app will show you nearby routes with pickups available every 20 minutes. The driver will then wait for up to two minutes before the cost rises. Similar to UberX Share, you could be riding with up to two others. One TikTok user, 'Sharkveyno', shared a video of Kansal explaining the concept, before telling viewers: 'Uber made buses. Our brightest, most innovative minds have recreated buses. 'They'll really do anything than have affordable transportation in the United States.' Uber aren't actually the first to test this type of idea. In 2017 Lyft, another US ride hailing service, piloted Shuttle, which worked in a similar fashion. It was never rolled out fully, however. There was also Ford's Chariot, which ran in nine US cities as well as London and offered commuter shuttle services. After launching in 2014, it shut five years later in 2019. Citymapper's Smartbus, which was later known as SmartRide, then simply Ride, didn't fare much better. It launched in 2018 with a fleet of eight-seater buses that picked up and dropped off passengers at fixed points in central London and took specific predetermined routes. It lasted little more than a year. More Trending Uber do actually run a more regular type of bus service in the US and India, which is called Uber Shuttle. It uses normal size buses, which take a predetermined route at set times and users book their seat through the app. Route Share will be available in New York, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore, with more cities to come, according to Uber. It's not clear if the firm plans to bring the service to the UK. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: 'Armed and dangerous' prisoners escape through hole behind toilet while guard was on break MORE: The UK's 'much needed' only floating train line reopens after eight months MORE: The £14,000,000,000 plan to fix the north's 'broken' rail network
The Hill
16-05-2025
- Business
- The Hill
Trump, UAE ink 5G data center deal
The Big Story The U.S. and the United Arab Emirates (UAE) are partnering to build in Abu Dhabi what will be the largest artificial intelligence (AI) campus outside the U.S. © Alex Brandon, Associated Press The AI campus, unveiled during President Trump's visit to the UAE, will have 5 gigawatts of capacity and eventually stretch across 10 square miles, the Commerce Department announced this week. The data center at Qasr Al Watan will serve as a regional platform for U.S. hyperscalers, which are technology companies that provide cloud computing and data management services. These companies will be able to offer low-latency services to nearly half of the global population residing within 2,000 miles of the UAE, according to the Commerce Department. 'By extending the world's leading American tech stack to an important strategic partner in the region, this agreement is a major milestone in achieving President Trump's vision for U.S. AI dominance,' Commerce Secretary Howard Lutnick said in a statement Thursday. It is one in a flurry of AI-related deals the Trump administration signed this week with the Gulf nations. The Trump administration has made American AI dominance a key goal of its technology policy, though some have concerns these deals sidestepped national security concerns. Under the new agreement, Abu Dahbi-based firm G42 will build a massive data center in Abu Dhabi that is expected to be the largest AI campus outside the United States. China hawks in Congress have previously raised concerns about G42, given its reported ties to China. As the deals were rolled out this week, Republican Rep. John Moolenaar (Mich.), the chair of the House Select Committee on China, said any AI deals need 'scrutiny and verifiable guardrails.' 'The U.S. must lead the world in AI technology—but we must do it securely,' he wrote on X. 'The CCP is actively seeking indirect access to our top tech.' Read more in a full report at Welcome to The Hill's Technology newsletter, we're Miranda Nazzaro and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will be impacting the tech sector now and in the future: Uber introducing budget-friendly option for commuters Ridesharing app Uber has introduced a new budget-friendly option for commuters. Earlier this week, the company unveiled 'Route Share,' which allows users to share a ride with up to two other passengers along busy corridors for up to 50 percent less than the cost of UberX. 'Route Share offers consistent and frequent pickup options along direct routes during morning and evening commute hours (6-10 a.m. and 4-8 … Trump touts investments as he departs Middle East President Trump departed the United Arab Emirates on Friday to head back to Washington, touting major investment agreements from his trip to the Middle East and telling reporters he planned to see his new grandchild upon his return. 'I have a nice grandchild waiting, which I'll see soon, but this was a fantastic moment for our country. I really believe that,' Trump told reporters moments before leaving on … X user charged with threatening South Carolina public official: Law enforcement GREENVILLE COUNTY, S.C. (WSPA) — A 19-year-old was accused on Thursday of threating to assassinate a public official on social platform X, the South Carolina Law Enforcement Division (SLED) said. On April 26, the X user by the name 'Roxie Wolfie' posted a threat against a Palmetto State official, according to SLED. The post said, 'I'm going to assassinate [redacted] with a gun and I'm being 100 … The Refresh News we've flagged from the intersection of tech and other topics: Crypto Corner New stablecoin text falls short for some Democrats © Greg Nash Welcome to Crypto Corner, a daily feature focused on digital currency and its outlook in Washington. Some Democrats aren't on board with updated stablecoin legislation in the Senate, even as their colleagues tout 'major victories' following negotiations with Republicans. Senate Banking Committee Democratic staff argued in a memo that new draft text of the GENIUS Act 'paves the way for more Trump crypto corruption' and 'permits Big Tech companies to issue their own stablecoins,' among other concerns. A draft of the legislation circulating online does not include language barring President Trump or his family from participating in stablecoin business ventures, the memo noted. They also took issue with new language aimed at restricting Big Tech's ability to launch stablecoins, arguing it doesn't go far enough because it only establishes limits on public and not private companies. 'The draft bill still paves the way for Mark Zuckerberg, Jeff Bezos, and other Big Tech billionaires to pursue their own currencies – fueling conflicts of interest, undermining competition, threatening financial stability, and eroding financial privacy,' the memo reads. The Big Tech language was one of several updates touted by crypto-friendly Democrats in a separate memo, in addition to stronger provisions on anti-money laundering, national security and consumer protection. The contingent of crypto-friendly Democrats has previously split with some of their colleagues on the Senate Banking Committee, including the ranking member. Sen. Elizabeth Warren (Mass.), the top Democrat on the panel, has long been skeptical of the crypto industry. However, crypto-friendly and crypto-skeptical Senate Democrats banded together last week to vote down the GENIUS Act amid a dispute with Republicans. After nearly two weeks of negotiations, Sen. Cynthia Lummis (R-Wyo.) said Thursday that she believed senators had reached a deal on 'final language' and expected the bill to head to the floor again Monday. Senate Majority Leader John Thune (R-S.D.) teed up the GENIUS Act for a procedural vote next week shortly after Lummis expressed confidence in the bill's progress to The Hill. As long as the bill maintains Republican support, it only needs seven Democrats to move forward. In Other News Branch out with other reads on The Hill: Meta asks judge to toss FTC case Meta asked a federal judge Thursday to toss the Federal Trade Commission's (FTC) case against the social media giant, arguing the agency failed to prove at trial that the company violated antitrust laws. The Facebook parent contends the agency failed to show that it has a monopoly over personal social networking and that its acquisitions of Instagram and WhatsApp were anticompetitive. 'With the close of the FTC's … What Others are Reading Two key stories on The Hill right now: GOP fiscal hawks sink key vote on Trump 'big, beautiful bill' Fiscal hawks on the House Budget Committee on Friday sunk a key vote on advancing the 'One Big Beautiful Bill Act' that encompasses President Trump's … Read more Trump World has tough case with Comey over 'assassination' message President Trump's allies are targeting former FBI Director James Comey over his '8647″ social media message, which they claim was a call … Read more What Others are Reading Opinion related to tech submitted to The Hill: You're all caught up. See you next time! Thank you for signing up! Subscribe to more newsletters here
Yahoo
16-05-2025
- Business
- Yahoo
Uber introducing budget-friendly option for commuters
(NewsNation) — Uber has introduced a new budget-friendly option for commuters. Earlier this week, the company unveiled 'Route Share,' which allows users to share a ride with up to two other passengers along busy corridors for up to 50% less than the cost of UberX. Spain will limit access to Madrid's airport to try to prevent homeless camping 'Route Share offers consistent and frequent pickup options along direct routes during morning and evening commute hours (6-10 a.m. and 4-8 p.m. local time Monday through Friday),' the company said in a news release. 'With pickups every 20 minutes along busy corridors during weekday commute hours, you'll get the predictability and comfort of Uber, for even less (up to 50% cheaper than UberX).' Uber said the program will initially be available in New York City, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore. More cities are expected to be added in the future. The company has not announced a start date for the 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
16-05-2025
- Business
- The Hill
Uber introducing budget-friendly option for commuters
Ridesharing app Uber has introduced a new budget-friendly option for commuters. Earlier this week, the company unveiled 'Route Share,' which allows users to share a ride with up to two other passengers along busy corridors for up to 50 percent less than the cost of UberX. 'Route Share offers consistent and frequent pickup options along direct routes during morning and evening commute hours (6-10 a.m. and 4-8 p.m. local time Monday through Friday),' the company said in a news release. 'With pickups every 20 minutes along busy corridors during weekday commute hours, you'll get the predictability and comfort of Uber, for even less (up to 50% cheaper than UberX),' the company wrote. Uber said the program will initially be available in large cities, including New York City, San Francisco, Chicago, Philadelphia, Dallas, Boston, and Baltimore. More cities are expected to be added in the future. The company has not announced a start date for the program.
