Register

I agree with the Privacy Policy

In The News

Uber aims to be uber-funded by expanding funding round by $1B

February 17, 2015

Venture capitalists' recent investments in Uber "underscore the confidence investors have in Uber's growth," an Uber spokeswoman said. She said additional funding will be geared toward its car-pool feature, which is dubbed UberPool, and launching its service in more cities around the world. The company is currently in more than 260 cities in 54 countries.

Uber is under pressure to introduce new services, such as UberPool, and to do so while continuing its international expansion. "These are all expensive options and Uber can use all the cash it can get," said Parks Associates analyst Tejas Mehta.

Investor interest in Uber comes despite waves of bad publicity over the past few months. Critics have said Uber unfairly competes with its rival Lyft. The company has also battled regulators in the US, Asia and several countries in Europe. Additionally, some of its drivers have allegedly attacked passengers, raising concerns about whether driver background checks are strict enough.

From the article "Uber aims to be uber-funded by expanding funding round by $1B" by Dara Kerr.

Previously In The News

Come Together

Kurt Scherf, vice president of research at Parks Associates, a Dallas technology consultant, said that for now it is mainly music that will attract consumers to media-convergence products. "We se...

Home Networking Gaining Mass Acceptance

A growing retail presence among companies manufacturing end-user home networking products indicates that the home networking industry is beginning to make headway in the mass market. The effect i...

40 Million Cars Connected To The Internet; 64% Want It

More than 40 million U.S. vehicles will be connected to the Internet by the end of this year, according to Parks Associates. And it looks like that’s just the start, with the number climbing steadi...

The Universal Problem With TV Everywhere

"I've had conversations with DirecTV, who said they are reluctant to spend money marketing a free service," said Brett Sappington, director-research at Parks Associates, a market-research and consu...

‹
1
2
...
11
12
13
14
15
16
17
...
46
47
›