• Uber is developing an on-demand staffing business

    1 month ago - By Tech Crunch

    Uber is reportedly developing a short-term staffing business to offer 1099 independent contractors for events and corporate functions, the Financial Times first reported. Dubbed Uber Works, the service would provide waiters, security guards and other temporary staffers to business partners, a source close to Uber told TechCrunch.
    Uber has been working on the project for several months in Chicago, after first trialing the project in Los Angeles. Uber already has a vast network of drivers - all of who have become familiarized with the process of filing taxes as an independent contractor...
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  • Breakingviews TV: Uber's debt

    1 month ago - By Reuters

    The car-hailing app just issued $2 bln of bonds, days after the WSJ said bankers were suggesting Uber could be worth $120 bln. That's a big shift for a company that little more than a year ago was wrestling with reputational issues. It's also a bit premature, Robert Cyran argues.
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  • Embracing multimodality, Uber pioneers ride recommendations

    Embracing multimodality, Uber pioneers ride recommendations

    1 month ago - By Tech Crunch

    For the first time, Uber will make contextual, personalized suggestions about the best way to get from point A to point B. The startup offers more than just cars now, and it's starting to understand the tradeoffs between price, speed, convenience, and comfort amidst its multi-modal fleet. Most noticeably, you'll now see JUMP bikes get premier billing right alongside Uber's other vehicles. Going a short distance and there's a charged up bike nearby? Uber will suggest you pedal. Might need extra room for luggage on your way to the airport? UberXL and SUV will appear. Always take cheap Pools?...
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  • Uber raised $2 billion in its first-ever bond-offering - and the entire deal was done in near secrecy

    Uber raised $2 billion in its first-ever bond-offering - and the entire deal was done in near secrecy

    1 month ago - By Business Insider

    Uber raised $2 billion in bonds this week, the company confirmed to Business Insider on Thursday.
    It's the ride-hailing company's first ever bond offering, and was able to maintain its secrecy through the private placement.
    Uber and its closest competitor Lyft are both gearing up for public offerings as early as next year.
    Uber has quietly sold $2 billion worth of bonds to a small but eager group of investors this week in a so-called private placement that allowed the ride-hailing giant to maintain its notorious veil of secrecy as it races towards an IPO next year.
    The offering was made up...
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  • Uber raised $2 billion in its first-ever bond-offering - and the entire deal was done in near secrecy

    Uber raised $2 billion in its first-ever bond-offering - and the entire deal was done in near secrecy

    1 month ago - By Business Insider

    Uber raised $2 billion in bonds this week, the company confirmed to Business Insider on Thursday.
    It's the ride-hailing company's first ever bond offering, and was able to maintain its secrecy through the private placement.
    Uber and its closest competitor Lyft are both gearing up for public offerings as early as next year.
    Uber has quietly sold $2 billion worth of bonds to a small but eager group of investors this week in a so-called private placement that allowed the ride-hailing giant to maintain its notorious veil of secrecy as it races towards an IPO next year.
    The offering was made up...
    Read more ...