Posts belonging to Category sharing economy



Uber is one step closer to a massive investment from SoftBank

Uncertain future for Travis Kalanick

A deal between Uber and SoftBank is nearly done. Today (Oct. 4) Uber announced in a statement it would move forward with a proposed investment from Japanese tech giant SoftBank which could close “in the coming weeks,” and also voted in favor of a number of corporate governance reforms. The decisions bode poorly for Uber founder Travis Kalanick, who has sought to retain his influence over the company after stepping down as CEO in June, and could pave the way for broader changes in Uber’s international operations.

SoftBank, which said in August it’s interested in investing in Uber, hasn’t made public the size of its proposed investment, but a person with knowledge of the deal said that SoftBank, along with other investors, will invest $1.25 billion directly in Uber at a $69 billion valuation, and will also purchase 14% to 17% of outstanding shares from existing investors. The person also added that Uber will go public by 2019, something which Uber’s new CEO hinted at in August.

http://www.qz.com…  Wed.,  04  October 2017

Social Rights for ‘gig economy’ workers

EU seeks more protection for Uber-style jobs

The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.

The Commission’s consultation document on these plans, seen by Reuters, is part of a broader reworking of the EU’s economic priorities, after pressure from populist forces that accuse Brussels of having pursued ultra-liberal policies to the detriment of wo

http://www.reuters.comMon.,  25  September 2017

Augmented Reality, The FaceBook’s Next Frontier

Mix the physical and digital in whole new ways

At the company’s annual developer conference on Tuesday, CEO Mark Zuckerberg took the wraps off his plans to “mix the physical and digital in whole new ways” using AR, the nascent and potentially revolutionary technology being worked on by Apple, Microsoft, Snap, Magic Leap, and others. Starting Tuesday, Facebook will give developers the ability to build their own AR effects for the Facebook app’s camera. The effects will be relatively basic initially and function similarly to Snapchat’s lenses, which can place puppy dog ears or a flower crown on your face.

But eventually, Facebook plans to use AR through its app’s camera to show things like menu information at a restaurant, virtual steam rising from a real coffee cup, and virtual, 3D art that cascades from a blank wall.

http://www.businessinsider.com…  Wed.,  19 April 2017

Political and financial risks threaten global growth

Will risks and financial vulnerabilities derail the modest recovery?

Global growth is projected to pick up to around 3½ per cent in 2018, from just under 3% in 2016 in our latest Interim Economic Outlook. The forecast modest recovery is supported by fiscal initiatives in major economies and broadly unchanged from the November Economic Outlook. While the pick-up is welcome, it would still leave global growth below the historical average of around 4% for the two decades prior to the crisis. This comes against the background of a five-year period where the global economy has been stuck in a low-growth trap. Consumption, investment, trade and productivity are far from strong and inequality is rising.Productivity gaps between frontier firms and laggard firms have widened, contributing to a growing income gap as wages have stagnated at less productive firms.

http://www.oecdecoscope.com…  Wed,  08 March 2017

LinkedIn/Microsoft deal set up to compete with Facebook and Google

Reid Hoffman says LinkedIn joined Microsoft because it’s harder than ever to compete with Google and Facebook

LinkedIn decided to sell to Microsoft because it couldn’t keep pace with the world’s biggest tech companies when it came to research and development into new technologies, explained cofounder and executive chairman Reid Hoffman on CNBC today.

http://www.cnbc.com  Fri., 08 July, 2016

Uber Turns to Saudi Arabia for $3.5B Cash Infusion

 Uber raises $3.5 BILLION from Saudi Arabia’s sovereign wealth fund

Uber has raised $3.5 billion from Saudi Arabia’s sovereign wealth fund, the US ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East. The investment from the Saudi Arabian Public Investment Fund was part of Uber’s most recent financing round that valued the company at $62.5 billion, Uber said, making it the most highly valued venture capital-backed company in the world.
http://www.dailymail.co.uk … Thu., 02 June 2016.

Toyota investing in ride-hailing company Uber

After GM, Toyota deals with ride-hailing companies

Toyota said Tuesday it is investing in Uber, making it the latest car company to put money in a ride-hailing app. The Japanese company did not say how much the investment is worth. As part of the deal, Uber drivers can lease Toyota vehicles with money earned from their driving.

http://www.cbc.ca … Wed., 25 May 2016.

UBER city

Does Uber hold the key to solving cities’ public transport woes, David Plouffe thinks so.
http://paulwallbank.com/ — Mon, 14 Sep 2015 18:45:05 -0700

Entrepreneurs in China

Just as I was hitting ‘publish’ on the China goes on the tech offensive’ post two days ago, Chinese Premier Li Keqiang was delivering a speech to the World Economic Forum on the nation’s economy. An English translation of Li’s speech is …
http://paulwallbank.com/ — Fri, 11 Sep 2015 16:50:16 -0700

Hilton and the Uber economy

It’s a staple of the rapidly growing “sharing economy” that involves newer businesses that aim to use the Internet to make it easier for people to earn money by sharing property like cars or homes. Businesses like Airbnb, which arranges for …
http://www.columbian.com/ — Sun, 06 Sep 2015 22:18:31 -0700