Uber loses London operating licence due to a pattern of failures

Uber London

The online taxi app platform Uber has ljust ost its licence to operate private hire vehicles in London after authorities found that more than 14,000 trips were taken with uninsured drivers. Transport for London announced the decision not to renew the ride-hailing firm’s licence at the end of a two-month probationary extension granted in September. Uber was told then it needed to address issues with checks on drivers, insurance and safety, but has failed to satisfy the capital’s transport authorities. TfL said on Monday it had identified a “pattern of…

Uber introduces an electronic chip in NTSA Kenya safety enforcement push

Taxi-hailing firm Uber has introduced a new safety measure that requires vehicle owners to first acquire an electronic chip windscreen sticker from the National Transport and Safety Authority (NTSA). The sticker allows identification and authentication of car ownership before they are certified to offer its service. Uber in a notice to vehicle owners last week said starting March 1 all vehicles were required to have the NTSA’s Radio Frequency Identification sticker before receiving a go-ahead for further inspection at partner stations AutoXpress or Kingsway Tyres. In the latest safety drive,…

Uber and lyft race to debut on the stock market

With the SEC up and running again after the government shutdown, the IPO gears are grinding back to life. Uber Technologies and Lyft Inc., both planning highly-anticipated public offerings, could be two of the first unicorns to take the plunge in the public markets this year. It’s not confirmed publicly which rideshare giant plans to go first, but both reportedly have received feedback from the SEC on their IPO proposals. But the significant disparity in their sizes and valuations could influence how both are ultimately received by the market. That could put pressure on the rival…

Uber is launching its bike-share company Jump in Europe

In the two months since Uber bought bike-share startup Jump, the company’s bright red bikes have already rolled out across a few US cities — and now they’re coming to Europe. Onstage at today’s NOAH Conference in Berlin, Uber CEO Dara Khosrowshahi announced that the company would be expanding beyond its traditional taxi rides with plans to roll out electric bike rentals in the German capital by the end of the summer, with more European cities to come. It’s a move that raises eyebrows for a few reasons. European cities are already flooded with…

Uber Vehicle Allegedly Saw but Ignored Woman it Struck

The cause of the fatal crash of an Uber self-driving car appears to have been at the software level, specifically a function that determines which objects to ignore and which to attend to, The Information reported. This puts the fault squarely on Uber’s doorstep, though there was never much reason to think it belonged anywhere else. Given the multiplicity of vision systems and backups on board any given autonomous vehicle, it seemed impossible that any one of them failing could have prevented the car’s systems from perceiving Elaine Herzberg, who…

Uber expands privacy settlement with FTC

Uber is expanding the proposed settlement it made with the Federal Trade Commission last August pertaining to data mishandling, privacy and security complaints that date back to 2014 and 2015. In August, Uber agreed to 20 years of privacy audits. That proposed settlement happened prior to Uber’s disclosure of the massive 2016 data breach that affected some 57 million riders and drivers. Now, Uber will be subject to “additional requirements,” according to the FTC. “After misleading consumers about its privacy and security practices, Uber compounded its misconduct by failing to…

Uber used undercover agents, court letter says

It is critical evidence in Uber’s legal battle with Waymo, the self-driving car company that accuses the ride-sharing firm of stealing its technology. The letter, sent by lawyers representing a former Uber employee, sparked an internal investigation when it was sent to Uber in May, but has not been made public until now. In a statement, Uber said: “While we haven’t substantiated all the claims in this letter – and, importantly, any related to Waymo – our new leadership has made clear that going forward we will compete honestly and…

Uber Paid Hackers to Delete Stolen Data on 57 Million People

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers. Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information…

Uber confirms SoftBank has agreed to invest billions

The long-anticipated SoftBank Group investment into Uber has been agreed upon, confirms a spokesperson. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.” Uber has not yet elaborated on plans, but we’ve been told that it includes a $1 billion investment in the company at the…

Travis Kalanick Resigns As Uber’s CEO

Uber London

Travis Kalanick , one of the founder of Uber, the popular ride-hailing service has stepped down Tuesday as chief executive. Kalanick helped start the ride hailing service in 2009 and built it into a transportation colossus. He has now stepped down after a shareholder revolt made it untenable for him to stay on at the company. The exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details were confidential. The company has…