Ridesharing company Uber is considering getting back into the grocery delivery game. CEO Dara Khosrowshahi said that due to the company’s success in the delivery of food, which reached $6 billion in bookings earlier this year, it makes sense to take another look at the grocery market. “With Eats, we’re getting into the business of […]
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Big Four Auditors PwC, KPMG, EY, and Deloitte are building infrastructure to help conglomerates adopt blockchain technology. PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG, better known as the “Big Four” auditors, all have established solid long-term blockchain roadmaps to remain relevant in the cryptocurrency and blockchain space. The four professional services conglomerates, which […]
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Electric scooter-sharing startup Bird is expanding its services with the launch of new custom electric scooters in coming weeks. In partnership with Okai, Bird designed and manufactured Bird Zero scooters, which have 60 percent more battery life — as well as better ride stability and durability — than the company’s original model. There’s also an […]
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While Bitmain’s IPO launch date is getting closer, recent retractions of large investor participation, increased competition, and possible losses may affect the company’s leading position on the market. The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Bitmain, the world market leader for mining equipment, on the […]
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Gig work can serve as a lifestyle that offers flexibility and freedom. It can stand as a stop gap that helps people pay rent, grocery bills, unexpected expenses or to save for vacations and big purchases. It can serve as a way to develop skills or pass the time, or even a combination of all […]
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Driverless cars are indeed coming to roads soon enough — the U.K.’s transport secretary, in fact, recently predicted that those vehicles would appear there within four years. Even so, it might be autonomous trucks — as in semi-trailer trucks that haul freight — that hit the highways in greater numbers initially, perhaps having a quicker impact […]
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Following its acquisition of JUMP Bikes, Uber is looking to create its own versions of scooter and bikes. The company is bringing recruiting, supply chain and other staff to southern China to work with scooter and bike manufacturers, Bloomberg reported. Rachel Holt, who heads up Uber’s New Mobility unit, said the ride-hailing company might launch […]
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Rideshare company Lyft’s revenue more than doubled in the first half of the year to $909 million. In addition, the company’s net loss increased at a slower rate than a year earlier, going up by 46 percent to $373 million. The company also lost 41 cents for every dollar of revenue, an improvement from a […]
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California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. 26) that they have reached a settlement with Uber Technologies Inc., in which Uber will pay $148 million to resolve allegations that it violated state laws pertaining to data breach reporting. In a press release, the two AGs said […]
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JPMorgan Chase is reportedly in discussions with Lyft about being the lead banker on its pending initial public offering (IPO). CNBC, citing people familiar with the matter, reported that JPMorgan is seen as in the lead to be the underwriter after Goldman Sachs and Morgan Stanley opted not to go after the Lyft IPO, as […]
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