Last week, SHARE NOW — which was previously known as Car2Go — announced that it will be exiting the North American market entirely come February 29, 2020, and that it will also cease operations in London, Brussels, and Florence. A couple of reasons were cited,… Read More
Earlier this year, the University of Toronto Transportation Research Institute (UTTRI) published this report on the impacts of ride hailing services in the City of Toronto. And then today, the Ryerson City Building Institute leveraged it to opine on how “on-demand tech” might improve transit… Read More
The Wall Street Journal’s recent piece about “Silicon Valley invading Toronto” is, in my view, describing a generally positive outcome. We are one of the largest cities in North America (the exact ranking depends on where you draw the urban boundaries). We have more enlightened… Read More
Last year, 5 economists published a research paper called “The Gender Earnings Gap in the Gig Economy: Evidence from over a Million Rideshare Drivers.” The authors are 2 economists employed by Uber; 2 professors at Stanford University; and the chairman of the University of Chicago’s… Read More
Since we’re on the topic of large-scale data collection, I thought some of you may be interested in Uber Movement‘s new “Speeds” product. First launched in 2017, Uber Movement aggregates anonymized data from their ride-sharing business to create data sets and tools that can help… Read More
$UBER went public on Friday. Notwithstanding the initial stumble, Uber will go down in history as one of the most lucrative venture capital investments of all time. The stock is down from its IPO price of $45 per share, but at that price, the initial… Read More
As a kid growing up in the suburbs, I got my driver’s license the day I turned 16. Being able to drive was a big deal. But we know that this desire to drive has been changing in profound ways. Here’s some recent stats on… Read More
Uber filed its S-1 last week in anticipation of going public in May. The WSJ reported on it, here. These are always interesting documents because you get access to previously private information. Here we can see that Uber’s ride-hailing market share in the US is… Read More
Fred Wilson made an interesting remark in his recent post about the current “IPO bonanza” that is taking place in the tech space. He is, of course, talking about the recent IPO of Lyft, the recent S-1 filings from Pinterest and others, and the expected… Read More
CES is underway right now in Las Vegas. About 200,000 people are in attendance. Since tech and mobility are today closely intertwined, the show has become an important platform for the automative industry. Here is a video showcasing BMW’s new iNext concept (expected by 2021):… Read More
