Uber and Lyft Killing Credit Unions

DanJenn | July 17, 2017 | Leave a comment

Ride-hailing solutions such as Lyft and Uber might be just as disruptive to the financial services industry as they are to taxi cabs. Three New York credit unions that specialize in loaning money to cabbies have been placed in...

Uber Drivers Driving up to 20 Hours a Day

DanJenn | July 11, 2017 | Leave a comment

Some Uber drivers are driving for up to 20 hours straight, USA Today reported. A flaw in the Uber app that might be deliberate allows drivers to drive as much as they want. Disturbingly Uber might even be encouraging...

Who would Buy Uber??

DanJenn | June 23, 2017 | Leave a comment

A leaderless Uber with its value destroyed will be a natural acquisition target. Uber’s CEO Travis Kalanick resigned on June 20, under pressure from investors and it is unclear who replace him, The New York Times reported. Kalanick’s resignation...

Is the Uber Economy Sustainable?

DanJenn | June 12, 2017 | Leave a comment

The fastest growing segment of the U.S. job market; the so-called Gig Economy, might not be sustainable. The most visible Gig Economy Company is Uber which loses money like crazy. The ridesharing giant lost $708 million in first quarter...

Even more Uber Scandals

DanJenn | June 9, 2017 | 1 Comment

It is hard to believe but even more scandals and reports of shady, unethical; and quite probably illegal, business practices at Uber Technologies Inc. keep cropping up. The latest crop of Uber Scandals includes: Uber’s president of business for...

Walmart wants to make everybody a Delivery Person

DanJenn | June 9, 2017 | Leave a comment

Walmart (NYSE: WMT) wants to turn every cashier, stocker and assistant manager in its stores into a delivery person. A new program would pay employees to drop packages off at customers’ homes or business after they leave work, The...

Uber Burned Cash to Support Pool

DanJenn | June 2, 2017 | 1 Comment

Uber Pool is a dismal failure documents obtained by BuzzFeed indicate. The service lost 63% of its riders despite massive spending by Uber Technologies. Some details of the Uber Pool failure detailed by BuzzFeed include: At one point Uber...

Uber Goes Trucking

DanJenn | May 24, 2017 | 1 Comment

Uber Technologies Inc. is taking a huge new risk by entering the trucking business. The company has introduced an app called Uber Freight that’s designed to connect shippers with truckers. If it works as planned, Uber Freight will enable...

Uber Threatening to fire Otto Founder

DanJenn | May 20, 2017 | Leave a comment

Uber is threatening to fire one of Otto’s founders less than a year after it reportedly paid $680 million for the self-driving truck company. Uber’s lawyers sent Anthony Levandowski a letter threatening termination, Business Insider reported. The attorneys want...

Uber Driver accused of Driving without a License

DanJenn | April 30, 2017 | 7 Comments

An Uber driver was hauling passengers even though he had no valid driver’s license, The Colorado Public Utilities Commission (PUC) is alleging. The PUC caught the driver; whose license had been revoked, was caught trying to haul passengers between...

Car Insurance Samurai

Reflection of Market Mad House

Uber

Uber and Lyft Killing Credit Unions

Uber Drivers Driving up to 20 Hours a Day

Who would Buy Uber??

Is the Uber Economy Sustainable?

Even more Uber Scandals

Walmart wants to make everybody a Delivery Person

Uber Burned Cash to Support Pool

Uber Goes Trucking

Uber Threatening to fire Otto Founder

Uber Driver accused of Driving without a License