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Congress took another step this week in ensuring that we all have safe rides home on Saturday nights. A group of Congressional Democrats penned a letter to the CEOs of Uber, Sidecar, and Lyft demanding that the companies require their drivers to undergo more thorough background checks. This letter comes in the wake of [...]

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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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