Ride Hailing App
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Cab aggregator Ola's losses widen to Rs 4,898 cr in fiscal 2017 despite 70% jump in total income
•Ride hailing app Ola saw its losses widening to Rs 4,897.8 crore, even though its total income grew 70 percent during FY2016-17 as compared to the previous fiscal, as per regulatory documents.
Former Uber backup drivers believe self-driving car crash was bound to happen, long working hours are to blame
Tech2 News Staff •And now the recent crash has unravelled the haste Uber is in to make sure that it is ahead of others like Waymo in the self-driving race.
Former Uber CEO Travis Kalanick plans to create jobs in India, China with launch of '10,100 Fund'
Ians •Travis Kalanick co-founded Uber in 2009 and made the ride-hailing app one of the world's most valuable companies.
Ride-hailing service Uber launches Uber Health in US, providing patients and caregivers with reliable transportation
Tech2 News Staff •Features in Uber Health include, firstly, flexible ride scheduling for patients, caregivers and staffers.
Uber driver's app in the US will force a 6-hour break after it records 12 hours of driving
Tech2 News Staff •Keeping that in mind, Uber will keep a time counter on how long they have been driving.
Uber's infamous 2016 data breach was done by hackers based in Canada and Florida claims company security executives
•Uber’s security team made contact with both people and received “assurances” the pilfered data had been destroyed before paying them $100,000,
Uber ignored a security flaw that allowed hackers to compromise two-factor authentication code
Ians •Uber began testing two-factor authentication on its systems in 2015 but the company has yet to widely push the security feature to its users.
Delhi records highest number of Uber rides taken in a single night, followed by Mumbai
Tech2 News Staff •All over India, Uber recorded 5,000 riders who used multiple stops and split fare feature. Out of them, 1,400 riders were from Mumbai, only.
Uber sells 15% stake to Softbank at 30% discount; deal to loosen Travis Kalanick's grip on ride-sharing app
•The two firms did not provide details of the valuation but the source said the investment was based on Uber’s worth of $48 billion, down from $71 billion earlier this year.
Ola launches lightweight ‘Ola Lite’ app that loads in under three seconds and uses only 1 MB of storage
•Ola Lite is a lightweight app that consumes less than 1 MB space and loads within 3 seconds without compromising on the booking experience.