Uber drivers can now lease cars through uber... But prices look insane!!

[dealmaker]

Uber books rides at a staggering rate
Uber CEO Travis Kalanick said that 40 million monthly riders pay $50 every month for the company's services. This comes out to massive revenue of about $6 billion per quarter, as ride bookings have reportedly jumped every quarter. (Ad Week)

 

[dealmaker]

Uber Freight: Uber's not-so-secret aspiration to disrupt trucking
Building on its acquisition of Otto, Uber rolled out its latest division, Uber Freight, which aims to "reinvent transportation." Uber Freight seeks to connect a shipper with a truck, in the same way Uber linked riders with drivers, challenging the broker model that the trucking industry currently uses. (Business Insider)

 

[dealmaker]

Flywheel sues Uber, calls it an illegal monopoly
Flywheel, the San Francisco taxi app operated by the industry, claims that Uber's strategy involves predatory pricing, backed bybillions in venture capital,with the goal of putting competitors out of business. Flywheel's lawsuit said the city's taxi industry has lost 65 percent of its ridership and 30 percent of its drivers since 2012.(San Jose Mercury News)

 

[dealmaker]

After bankruptcy, S.F.'s biggest cab company is for sale
Yellow Cab Cooperative, San Francisco'slargest cab company,is up for sale, after filing for bankruptcy in January. The company, which has about 500 taxis, has had difficulty competing with Uber and Lyft.(San Francisco Examiner)

 

[mlawson71]

I suppose more and more cab companies will find themselves in a similar situation in the future.

 

[Michael J. Fletcher]

Don't forget that a car which is going to be leased will be used constantly. It means a driver will use it at least 8-10 hours a day.

 

[Southampton]

Not sure why folks hate on Uber. Its a great way for a young or struggling trader to pay the bills when learning on his/her own schedule. Heck, $200 per day or night is $200.

 

[Covertibility]

Uber, Lyft Cut New York City Cab Medallion Price in Half

The good thing about Uber is ya really don't need to own a car anymore.

 

[comagnum]

Uber is cool, used it for the first time recently on a trip to San Francisco - loved it, super fast pick ups, friendly drivers, nice clean vehicles, and much lower rates than cabs. What is there not to like about it?

 

[dealmaker]

Uber drivers to join protest for higher wages
Uber drivers said they plan tojoin worker protests,including a strike at the San Francisco International Airport, calling for $15 minimum wage and the right to unionize. Uber drivers in San Francisco earn about $22.50 to $24 an hour, but say they're not left with much after paying for gas and vehicle maintenance.(San Jose Mercury News)