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

Roku Tees Up $12M Holiday Campaign to Compete With Apple TV, Xbox One

Roku need not look far to see the danger. TiVo once had the best brand and best technology in the space, but was reduced to also-ran status by a glut of good-enough DVRs distributed by cable and sa...

Roku Benefits From Streaming's Rise

More than a fifth (21%) of U.S. broadband households with a connected electronics device are using it for streaming media, up from 12% last year. Moreover, usage of connected gaming consoles and DV...

Netflix, Newbies Among Top OTT Services

According to estimates from Parks Associates’ most recent “OTT Video Market Tracker,” the top video streaming service (based on number of subscribers) is Netflix, followed by Amazon Video and Hulu....

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...

‹
1
2
...
13
14
15
16
17
18
19
...
46
47
›