September 2024
Uber jumps straight back into car sharing with global partnership
Two weeks after pulling the pin on the product that let people rent out their cars, Uber has signed an international partnership with US-based operator Turo.
February 2024
Uber unveils near-$11b buyback plan in first for company
The capital plan marks another milestone of financial health for the tech company, and follows decisions at Meta Platforms and Airbnb to boost returns to shareholders.
Deflation, property dampen Chinese New Year cheer
China’s Lunar holiday travel data is being closely scrutinised for signs of consumer weakness and deflation as China’s Year of the Dragon begins.
October 2023
The sharing economy is on life support
Getting more use out of assets you already own was the great idea of the second wave of the internet championed by Uber and Airbnb.
October 2022
US ‘Airbnb for cars’ service pulls up in Australia
Turo, a heavily backed US firm that lets you rent out your regular or luxury car to strangers, has hired a former Uber executive to drive Australian growth plans.
February 2022
Subscribe to a Tesla? Carbar raises $28.9m
Carbar is trying to encourage Aussies to ditch car ownership and subscribe to them instead, with easy access to electric vehicles a big selling point.
July 2021
Uber drivers, gig economy workers face new tax crackdown
Uber, Airbnb and Airtasker will be covered in new reporting rules designed to assist data matching efforts by the Tax Office.
June 2021
How to make $15,000 a month sharing your cars
With car rental prices skyrocketing, entrepreneurial car sharers are swooping in using updated software.
Car Next Door goes ‘Minority Report’ on bad actors (not Tom Cruise)
The ride-sharing service is using AI or machine learning to spot bad drivers in advance and prevent them from damaging the cars of people on their platform.
March 2021
Japanese court rules same-sex marriage ban is ‘unconstitutional’
The ruling is a major symbolic victory in a country where the constitution defines marriage as being based on ‘the mutual consent of both sexes’.
February 2021
Tech stars want gig economy reform but no minimum wage
Some of Australia’s leading tech entrepreneurs have rejected Labor’s push for a minimum wage in gig economy roles, but conceded more worker protections are needed.
December 2020
Company that's never turned a profit now worth $77.9b
DoorDash has lost money every year since it was founded in 2013. But a huge trading debut saw it balloon to a $77.9 billion market capitalisation - bigger than Kraft Heinz.
April 2020
Airbnb raises $1b in new funding to stockpile cash in pandemic
The home rental start-up has been hobbled during a shutdown in global travel caused by the spread of coronavirus.
March 2020
The gig economy workers on the frontline of coronavirus
Uber, the taxi company (that isn't a taxi company), with drivers working for it (that don't work for it), has recognised its non-employees need employee protection.
November 2019
The 'Airbnb for pools' just launched in Australia
Through the Swimply app, users can rent nearby pools by the hour, while owners can benefit by off-setting expensive pool maintenance costs.
WeWork's rich talent pool spreads wings
A cohort of skilled workers from the co-working giant are taking their skills to a wide range of new employers.
NAB VC fund backs Airbnb property manager Hometime
Hometime is on track to hit a $14 million revenue run rate next month and its co-founders want to get the business on the radar of US rivals.
House price recovery should drive better car sales
Prestige car sales are faring better than mainstream brands in a tough new vehicle market as the bottom of the cycle nears.
SoftBank falls as Son says business as usual after record loss
Masayoshi Son wants investors to believe a record loss from investments in money-losing startups WeWork and Uber is just a bump in the road. Some aren't buying it.
WeWork still on life support, must cut costs fast to survive
The co-working giant needs to slash costs and balance-sheet risk, say peers, and it needs to move quickly without scaring off customers.