There is no denying the effect is real. In studying census data, Zillow determined that starting around Facebook's 2012 public offering "home values in the census tracts where likely Facebook employees lived rose faster than in those not home to Facebook employees." … [Read more...] about What will happen to SF home prices if Slack, Airbnb, Uber and Lyft go public?
At Forbes’ Under 30 Summit in Detroit on Monday, Uber Elevate lead Eric Allison unveiled the drone poised to do the heavy lifting. With six rotors that change position to allow vertical takeoffs and landings as well as more efficient level flight for cruising, it has a range of 18 miles, can stay aloft for 18 minutes, and can carry enough food to feed two adults, Uber says. Uber didn’t disclose who designed the drone or who will manufacture it. For its flying car Elevate scheme, it is working with partners like Bell, Embraer, and Aurora Flight Sciences, but those companies don’t make aircraft sized for package delivery. Uber says the drone should make its first flight by the end of the year and begin testing in San Diego next summer. … [Read more...] about Uber Eats Hopes Drones Can Lift It to Profitability
BuzzFeed said its editor was invited to the dinner by a journalist who failed to make it clear that the event was supposed to be off the record. For someone who is disgusted by the media, Michael had a lot of faith in journalistic standards if he thought that would keep reporters from sharing his plot to spy on them and publicly smear them. … [Read more...] about Uber Executive Says Company Should Dig Up Dirt on Unfriendly Journalists
"I would have never imagined when joining the company just over 90 days ago that we would be in the situation we find ourselves in today," Bill Knapp, who had led Uber's Jump team, wrote in a farewell email earlier this month to staff, most of whom were laid off. … [Read more...] about Uber disposes of tens of thousands of bikes, sparking backlash
“The impact of COVID-19 and the unpredictable nature of recovery has left Uber India and South Asia with no choice but to reduce the size of its workforce. Around 600 full-time positions are being impacted. These reductions are part of the previously announced global job cuts this month,” a statement quoted Pradeep Parameswaran, president of Uber India and South Asia. … [Read more...] about Uber lays off more employees