India one of the biggest markets for ride-sharing services, says Uber CEO Dara Khosrowshahi

Uber CEO Dara Khosrowshahi said India is one of its biggest markets for ride-sharing services, and said that the company is expecting similar results …

Home » Dara Khosrowshahi, Earnings, Online Cab booking, Uber, Uber Eats

Uber CEO Dara Khosrowshahi said India is one of its biggest markets for ride-sharing services, and said that the company is expecting similar results from UberEats business in India, during the company’s Q2 2019 investor call. UberEats’ monthly active platform consumers (MAPCs) grew over 140% year-over-year worldwide, and listed 320,000 restaurants. However, UberEats has failed to pick up in India, given the highly competitive food delivery space. Amazon India was reportedly in talks in July to acquire UberEATS’ India business. Earlier in February, both Swiggy and Zomato had also reportedly held talks to acquire UberEATS.

Some numbers for this quarter:

  • Revenue of $3.16 billion and a loss of $5.2 billion for Q2 2019
  • Increase in trips up by 35% year-on-year gross bookings up 37% year-on-year
  • Over 100 million monthly active platform consumers in July
  • Losses included a driver appreciation award of $298 million made during Uber’s IPO
  • In May, Uber offered its initial public offering at a price of $45 a share. Following this, the company reported a $1.01 billion quarterly loss for its Q1 2019.

According to Khosrowshahi, the company’s core platform growth of $220 million was driven by an increased focus on products, service, tech and brand differentiation in the US and Latin America ridesharing categories. Uber operates in 5 large cities in Germany, which was one of its fastest-growing ridesharing countries this quarter. Buenos Aires in Argentina is the fifth largest city in the world based on trips taken.

Khosrowshahi on effect of mobility platforms and work with local govt

Interestingly, an investor asked Uber executives about the company’s work at local government and city levels and also around the effect that mobility platforms – such as Uber – are having on broader transportation in cities. Khosrowshahi said that Uber has been in “constructive dialogue with many of the cities and many of the transportation authorities in these cities”. He spoke about formulating a clean air plan and a plan to fund electrification of its London fleet. Uber is also “in dialogue with multiple transit operators” and has a live transit product. In India, Uber partnered with Yulu, an aggregator for electric bikes and bicycles, to offer rides in Bangalore. It’s is also planning to launch Uber Bus in India.

Uber said it “obviously” doesn’t share any personal data for riders, “but sharing aggregated traffic data that will allow cities to design more effectively for the next five years in a smarter, better way”.

Uber rewards, Pro, and plans for Uber Bus

  • According to Uber, its losses include $298 million in IPO-related driver rewards and $3.9 billion in employee stock compensation.
  • Strong adoption of Uber Rewards: The service is currently available across the US from May 2019. Under this, the enrolled consumers earn points and rewards for ridesharing and Eats.
  • More than 50% of drivers in the United States are enrolled in Uber Pro, its driver rewards program. Outside the US, Uber Pro was officially launched in Mexico in early July.
  • During the call, Khosrowshahi explained that Uber is experimenting in high capacity vehicles, for example, Uber Bus, Uber Van to take sharing two to three people in the back seat to 10 people in a van.

Download: Earnings Call Transcript | Press Release

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College student said she escaped Uber ride after driver pulled into dark parking lot

COLLEGE PARK, Ga. — A college student said her Uber ride ended in horror after she said her driver took her in the wrong direction – then pulled into …

COLLEGE PARK, Ga. — A college student said her Uber ride ended in horror after she said her driver took her in the wrong direction – then pulled into a dark parking lot.

“I was really scared,” she told 11Alive in an exclusive video.

11Alive is concealing this woman’s identity because she still doesn’t feel safe.

“I just didn’t know what to do,” she added.

The 19-year-old college student said early Monday morning, the driver picked her up from a friend’s home in East Point to take her to destination in Cobb County. But within minutes, she said she felt uneasy.

“Like, the first five minutes in the car, he was already going in a whole other direction,” she recounted.

The 19-year-old said she asked the driver where he was going, but never got a straight answer.

“He was going completely in the opposite direction of where I live – 20 minutes somewhere else,” she said.

She said he stopped for gas, but when they hit the road again, she wanted out.

“Can you just take me back to the gas station?” she recalled asking. “I kept saying, ‘excuse me, excuse me. Can you just take me back to the gas station?'”

She said minutes later, to her horror, he pulled into a dark parking lot next to an abandoned building in College Park.

“I just had to get out of the car,” she said. So, she made a run for it.

“After I jumped out the car, he didn’t say anything,” she recounted. “I immediately started running. I just called 911.”

RELATED: Lyft driver banned after woman claims she thought she was in danger

11Alive checked with the College Park Police Department and Uber, who are now both investigating. But the 19-year-old told 11Alive it still doesn’t make sense to her what happened.

“I just didn’t understand why – why we kept getting farther and farther from where I’m supposed to be going,” she said. “Why he kept turning down these dark roads. I just didn’t understand.”

While Uber acknowledged they are investigating what happened, they wouldn’t say whether the driver is still on the road.

Former Uber driver fired over carrying weapon says the rules need to change

(WXYZ) — Marc D’Andre says he was fired from his job as an Uber driver this summer because a passenger reported that he had a gun in his car.

(WXYZ) — Marc D’Andre says he was fired from his job as an Uber driver this summer because a passenger reported that he had a gun in his car.

D’Andre has a concealed carry permit, however, both Uber and Lyft have a “no firearms policy” for drivers and passengers.

Drivers undergo a background check, while passengers are simply rated on the company’s app. D’Andre feels passengers need to be held more accountable.

“The same policy applies to the passengers, where they’re not allowed to have a weapon in the car,” D’Andre told 7 Action News. “Where’s the security guard that’s going to pat them down and search them?”

D’Andre, who has driven for both Lyft and Uber, says in parts of Detroit, carrying a weapon makes him feel safer.

“You are required to have a new car in good condition, they do no background check on the passengers, they’re not going to install a glass partition in the car like a cab to protect you,” he said.

D’Andre thinks the corporate rules need to change to better protect drivers for both companies.

“You just never know who you’re actually going to pick up,” said frequent Uber passenger Tyler Selig.

D’Andre said people have attempted to steal his car while using the Uber app. He said his concealed weapon has kept him forom having his car stolen in the past.

7 Action News has reported on several instances of violence against ridesharing drivers. Last year, a ridesharing driver was shot and killed on Detroit’s west side during a pick-up.

On Friday, a Detroit driver was carjacked and assaulted by a group of passengers.

RELATED: Rideshare driver shot while picking up customer from Detroit’s west side

And over the weekend, a driver was shot while picking someone up on Grandville near Joy.

“If they inside a bad neighborhood they should be able to carry,” said ridesharing passenger Keyez Jackson.

Other passengers don’t like the idea of drivers carrying guns.

VIDEO: We asked metro Detroit passengers how they feel about #ridesharing drivers carrying a concealed weapon. Mixed responses @wxyzdetroit@Uber@lyftpic.twitter.com/An6bLcSMAy

— Jenn Schanz (@JennSchanzWXYZ) August 13, 2019

“I’d feel nervous,” said Keyetta Daniels.

There’s also been cases of violence perpetrated by ridesharing drivers. In 2016, an Uber driver shot and killed 6 people while on the job in Kalamazoo.

Both Lyft and Uber have emergency response buttons in their app. Drivers can also look at the rating of their passenger and decide whether or not to take the ride.

“You probably have about 5 to 10 seconds or not. And if you don’t accept the trip your rating does down,” D’Andre pointed out.

Action News reached out to Lyft and Uber about their no firearms policy in the wake of recent attacks on metro Detroit drivers.

In a statement, Lyft spokesperson said:

“The safety of our community is fundamental to Lyft and the incidents described are frightening. We have been in touch with the drivers involved to offer our support and will assist law enforcement to help in any way we can.”

A spokesperson for Uber did not comment specifically on this personnel matter, however, they clarified that it’s “no weapons” policy laid out in its community guidelines applies to drivers nationwide, regardless of a state’s concealed carry laws.

We asked an Uber spokesperson if the company is looking re-evaluate its policy, they did not respond.

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Denver-area Uber driver sentenced to 2 months in jail for assaulting female passenger

ARAPAHOE COUNTY, Colo. — A Denver-area Uber driver convicted in May of unlawful sexual contact, a class 1 misdemeanor, was sentenced …

ARAPAHOE COUNTY, Colo. — A Denver-area Uber driver convicted in May of unlawful sexual contact, a class 1 misdemeanor, was sentenced Monday.

An Arapahoe County judge handed down a 60-day jail sentence and five years of probation to 64-year-old Bashir Alsayed Hassan.

On Nov. 16, 2017, Hassan picked up a 29-year-old woman who called for an Uber ride home, according to a release from the 18th Judicial District.

At one point during the ride, Hassan stopped the car and asked her to move to the back seat so he could pick up other passengers. It was during this time, the woman testified, that Hassan fondled her and put his fingers inside her vagina, the release read.

The victim repeatedly told him no and tried to kick him off, but he did not relent. Hassan took the victim to her home where she called police.

Attorneys for Hassan plan to appeal the conviction.

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Power Ledger Price Changed by -2.26 percent

As at 2019-08-12 average Power Ledger price is 0.06342138 USD, 0.00000555 BTC, 0.00029888 ETH. Power Ledger POWR/KRW on Bithumb …

As at 2019-08-12 average Power Ledger price is 0.06342138 USD, 0.00000555 BTC, 0.00029888 ETH.

Power Ledger POWR/KRW on Bithumb exchange is 0.06. The trading volume on Bithumb is 41362.00.

At the same time Power Ledger POWR/BTC on Bittrex exchange is 0.06. The trading volume on Bittrex is 3614.35.

Power Ledger POWR/BNT on Bancor Network exchange is 0.06. The trading volume on Bancor Network is 899.23.

Power Ledger POWR/BTC on Upbit exchange is 0.06. The trading volume on Upbit is 3614.35.

Power Ledger POWR/ETH on LATOKEN exchange is 0.06. The trading volume on LATOKEN is 37115.00.

It’s noteworthy that is issued into circulation Power Ledger.

Power Ledger average change within 24 hour is -2.26 against USD, -2.29 against BTC, -0.59 against ETH. Weekly report: -10.82 against USD, -8.42 against BTC, -2.43 against ETH. Monthly report: -25.86 against USD, -27.6 against BTC, -6.63 against ETH.

In this regard, 24 hour trading volume is 558948.90034719 USD or 48.91357452 BTC. At the same time Power Ledger market capitalization is 26230597 USD or $2295 BTC.

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