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

Digital Video Views On Rise

Digital TV-video viewing continues to climb -- but it's still way behind traditional TV consumption. Parks Associates says U.S. broadband households spend on average 1.3 hours per week watching...

Consumers Prefer Connected TV Over 3D

Despite all of the options available to get one’s visual entertainment, television still is one of the most popular devices out there. According to new consumer research from Parks Associates, 20% o...

Interactive, VOD Ads On Rise

According to Parks Associates projections, advanced advertising revenue for the pay-TV industry will grow from $130 million in 2010, or 0.5% of their total ad revenue, to more than $4 billion by 201...

Blockbuster: Online Video Ad Revenue To Top $1.3bn

This year, U.S. online video ad revenue is on pace to exceed $1.3 billion, according to new research from Parks Associates. The report attributes the healthy numbers to steady growth in online video...

‹
1
2
...
15
16
17
18
19
20
21
...
41
42
›