Connect with us

Tech News

Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business – TechCrunch

Published

on

2 mins ago
Tech News

1 Views

Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross bookings growth of 230% for its other bets, while ridesharing grew just 22% compared to the same quarter last year.

Gross bookings are the revenue earned minus things like taxes, tolls, fees, wages paid to drivers, restaurants and so forth.

Other bets, with gross bookings of $132 million for Q1 2019, includes freight and new mobility, which entails bikes and scooters. Uber did not break out specifics for new mobility, but Uber CEO Dara Khosrowshahi said on an investor conference call that gross bookings for new mobility “grew strong quarter over quarter.”

Meanwhile, Eats continues to be a revenue driver for Uber, with gross bookings growth of 108% to $3.07 billion.

Slowing growth of Uber’s core business is to be expected. At TC Disrupt last year, Khosrowshahi said ride-hailing will make up less than 50% of Uber’s business transactions.

Source link


Check Also



Fiat Chrysler Automobiles has proposed merging its business with Renault that, if accepted, would create …

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Tech News

The Real Reason Betamax Lost The Format Wars

Published

on

JVC officially announced the VHS-format VCR in 1976 and with two formats on the market, both sides dug in (via Sony). Mitsubishi Electric, Matsushita, Hitachi, Sharp, and Akai Electric went with JVC’s VHS format, while Toshiba, Sanyo Electric, NEC, Aiwa, and Pioneer sided with Sony’s Beta format. Sony visited Matsushita’s Osaka headquarters at the end of 1976 to try and persuade them to adopt Betamax. Sony placed one of its players next to a JVC player with both lids off, and Matsushita went with JVC’s player because they had fewer components and could be made for less money.

It wasn’t just the recording media themselves that were better; Sony’s videotape players and recorders were better because they manufactured most of them themselves. And if Sony didn’t build them, it was done by manufacturers they closely monitored, so quality was never an issue. But according to Grunge, JVC wanted to do things differently and licensed its VHS technology to any manufacturer that wanted to make its VCRs. Sony wouldn’t allow its players to be made without direct oversight. This decision ultimately helped lead to the demise of the Beta format as it fostered competition between the various companies making the VHS players and, in turn, eventually drove the prices down to a level far more affordable choice than Sony’s high-priced machines.

Continue Reading

Tech News

How To Fix Your OnePlus When It’s Charging Slowly

Published

on

First, examine your phone’s USB port under a bright light from different angles. Unless you scrub the port every few months, you’ll find dirt and grime lodged into its crevices. Moisture can also harden the build-up, making it difficult to scrape off. But with the right tools and a bit of elbow grease, you can wipe all the dust and debris from your OnePlus charging port.

You’ll need a flashlight or lamp, a toothpick or a cotton bud, and a compressed air duster or bulb syringe. Experts recommend using wooden toothpicks or cotton swabs because they’re non-conductive and don’t interfere with the circuitry. Sharp metal implements like thumbtacks and safety pins can scratch and damage the fragile USB port (via Asurion). Also, avoid blowing air on the phone because your breath contains moisture, making the cleaning even trickier.

To get started, turn off your OnePlus. And use the compressed air duster or bulb syringe to clear out any loose dust and dirt. Next, gently and carefully scrape the build-up with the toothpick or cotton bud. Use a flashlight or lamp to reach the tight corners. You can also tilt the phone or give it slight taps to clear out the scrapings. Finish off with a few more bursts of compressed air. Turn your phone on and test if the slow charging is fixed.

Continue Reading

Tech News

The 10 Best Aftermarket Parts For Your Ford Bronco

Published

on

For those unfamiliar with the tools of the great outdoors, a winch is a device that employs a spool, a length of cable, usually steel braided, and a hook of some kind to aid in several tasks. The most common use of a winch on a 4X4 is to help it get out of a stuck situation. Should your Bronco get mired in mud or fail to overcome a big rock, letting out the winch cable and hooking it onto something solid, like a stout tree, enables the winch to pull it to freedom.

Winches come with various levels of power and cable types and can be installed in various locations. For the purposes of an offroad Bronco, the front bumper is ideal. Not only can it get itself out of a sticky situation, but you can also help a friend by pulling them to safety. Winches can also be set to task as tools. In an emergency, for example, a winch can help to remove a fallen limb somewhere or to drag a heavy object from a body of water.

The Drive notes that winches can be electric, which is handy as the Bronco comes with auxiliary switches for accessories, or hydraulic, running off a power steering pump. Cost ranges from around $350 to $900 and some of the most popular brands are Warn and Superwinch.

Continue Reading

Trending