Uber, Lyft prices go up in NYC as new driver minimum wage law takes effect

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New York (CNN Business)Uber and Lyft customers will have to pay more for their rides as a result of the first-of-its-kind driver minimum wage law in New York City. Uber and Lyft said there will be other new fees to compensate for new state and city laws. Due to the New York State congestion surcharge, […]


Union Square Ventures secures $429M across two new funds

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New York-based venture capital firm Union Square Ventures (USV) has submitted paperwork to the U.S. Securities and Exchange Commission indicating a $429 million fundraise across two new vehicles. Founded in 2003 by Fred Wilson (pictured) and Brad Burnham, USV has supported high-flying companies including Twitter, Tumblr, Etsy and, more recently, Carta and Coinbase. The firm […]


Airbnb wants to give its hosts equity in its business

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Airbnb wants to give the homeowners who power its service the opportunity to own a piece of its business. That’s why, as Axios reports, the $31-billion-valued company has written to the SEC to ask if its rules around security ownership can be revised. Specifically, Airbnb is seeking a change to the SEC’s Rule 701 — which […]


Former Uber exec Andrew Chapin takes the wraps off his stealth mental health startup

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One can only imagine what it was like to work at Uber in the years leading up to Susan Fowler’s infamous blog post. Many of the company’s leaders were said to be overly competitive, sexist and inappropriate — “brilliant jerks,” as Arianna Huffington once said, — and its over-arching “move fast and break things” mentality […]


Toyota Joins Uber on Its Tortuous Journey to Self-Driving Cars

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Uber didn’t necessarily get into self-driving cars to make friends. It launched its program in Pittsburgh by gutting the robotics program at Carnegie Mellon University, after all. But in the three years since—as the company has struggled with wayward leadership, a broken corporate culture, and this spring’s fatal crash, which killed an Arizona woman—Uber has […]


Global unicorn exits hit multi-year high in 2018

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Joanna Glasner As you can see, we’re already well ahead of last year’s totals. On the IPO front, not only are the 2018 unicorn offerings more numerous, they’re also bigger. In 2017, out of 16 unicorn IPOs, there were two at initial valuations above $10 billion (Snap and online insurer ZhongAn). So far this year, […]