Currently viewing the tag: "ride-share"

Uber’s use of surge pricing came under fire again last week when one Halloween reveler took an Uber Black (the company’s higher end option) to get a 20-minute ride home for a grand total of $362.57. When she ordered the ride, she agreed to pay “9x” the usual fare [...]

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Mobile-based ride-sharing service Uber created quite a stir this weekend, setting a new valuation record for a technology startup in a direct investment round. Injecting $1.2 billion into the San Francisco-based service, investors valued Uber at $17 billion, a dramatic increase from last year’s valuation of $3.5 billion. An [...]

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