Uber London Operations License Denied: “Allows Unverified Drivers to Collect Passengers”

The London Transport Authority (TFL) said on Monday it would not renew Uber operating license for the giant ride-sharing company from San Francisco, following a “pattern of failures” that “jeopardized More...

How Uber’s IPO Valuation Measures Up

By Katharina Buchholz Uber stocks are hitting Wall Street today in an IPO that valued the company at $82.4 billion. Uber is selling initial shares at $45 a piece and raised  $8.1 billion in the biggest IPO More...

Lyft to Leverage Alliance with Didi Kuaidi to Gain Major Share in US Market

  Lyft Inc., an online ride-hailing and sharing service provider, is aiming to become a dominant force in the United States within two years by leveraging on its alliance with Didi Kuaidi, China’s More...