In online forums, people across the country are complaining about getting unsolicited texts from Uber with a code. In Florida: "How can I stop these texts? I am getting one every 2 to 3 minutes. Help I'm going crazy." Same thing in Connecticut: "What's going on with Uber right now? Been getting spammed every three minutes with verification codes." And in California: "Uber sending texts with "my Uber code" even though I've deleted my account months ago." But what do these unsolicited text messages mean? And are consumers at risk? Are Uber customers getting billed for bogus rides? NBC Chicago reached out to Uber for more information and the short answer is no. A repair shop that closed its doors without notice and left customers stranded is now set to reopen. Consumer Investigator Sasha Jones has the story with the new owner. (Published Friday, Nov. 2, 2018) According to an Uber spokesperson, "These codes are sent when someone tries to create an account using your phone number … [Read more...] about What’s Going on With Mysterious ‘Uber Code’ Texts?
Updated 7:04 am PST, Tuesday, November 13, 2018 PRAGUE (AP) — The Czech Republic's highest legal authority has upheld a ban for the operations of the ride-sharing service Uber in Brno, the second-largest city in the country. Uber was banned after a legal complaint by a taxi company supported from Brno City Hall that claimed new taxi services have to be provided only in line with the law. Uber argued it is not a common taxi company but a court ruled it is. An appeals court sided with Uber but the Constitutional Court dismissed its decision Tuesday. The case returns to the appeals court now. The ban doesn't apply in the capital, Prague, where Uber faces similar accusations in a separate case. … [Read more...] about Czech highest court upholds Uber ban in city of Brno
caption Travis Kalanick is worth $5.45 billion. source Reuters Travis Kalanick‘s net worth is $5.45 billion, according to the Bloomberg Billionaires Index. Kalanick keeps his personal life fairly under wraps, but it’s clear he spends much of his fortune on real estate and travel. He has no clear ventures into philanthropy. Travis Kalanick co-founded Uber in 2009. But, after a series of scandals and a workplace culture where discrimination and sexual harassment were the norm, Kalanick resigned as CEO in 2017. Though he’s no longer leading the global ride-hailing company, Kalanick remains wealthy. He’s worth $5.45 billion, according to the Bloomberg Billionaires Index. Here’s how he spends his fortune: Travis Kalanick presently has a reported net worth of $5.45 billion. Much of that is from holding 7% of Uber’s stock, a company now valued at $76 billion. source Justin Sullivan/Getty Images As Business Insider … [Read more...] about Former Uber CEO Travis Kalanick is worth $5.5 billion — here’s how he spends his fortune, from a $36.4 million penthouse to a year-long trip around the world
Tom Krisher, Ap Auto Writer Updated 6:52 am CST, Monday, November 12, 2018 SAN FRANCISCO (AP) — In three years, the Uber Eats restaurant food delivery service has grown from an experiment to serving much of the U.S. and major cities worldwide. By year's end, the ride-hailing company says it will cover 70 percent of the U.S. population and be in 243 metro areas, mainly by expanding into smaller cities. It's already in over 300 cities in 36 countries with many international deliveries done by bicycle. Jason Droege, an Uber vice president who leads Uber Everything, the unit that explores how to build new businesses off the Uber network, says Eats is growing as fast as the ride-hailing service did in its early days. He talks about the future of the service and demand for getting food delivered to your home. Questions and answers have been edited for length and clarity. Q: Is there a particular demographic group that uses Uber Eats? A: Certainly younger generations use … [Read more...] about With Uber Eats’ fast growth comes potential for profit
caption Tesla CEO Elon Musk. source REUTERS/Noah Berger WeWork, Uber and Tesla are banking on their brand name appeal to pile on junk debt typically deemed too risky for lesser known peers with better credit. Investors are eager to lend to them, favoring companies’ potential over their underlying financial health, because those chasing yield haven’t had a lot of choice lately. “In general, unicorns don’t belong in high yield,” says one fund manager. Some of the biggest darlings of the tech industry have joined Tesla recently in piling on cheap debt to fuel booming growth plans, relying on their size and brand-name appeal to secure funding typically deemed too risky for lesser-known peers with better credit. WeWork, rated B, (otherwise known as junk) issued a $702 million bond in April. Uber issued a $2 billion junk bond deal last month, despite rapid cash burn and growing competition. And while … [Read more...] about Giant tech firms like Uber and Tesla are lapping up junk debt, here’s why investors are lining up to lend it