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Uber data breach from 2016 affected 57 million riders and drivers

Uber faced a data breach in 2016 that affected some 57 million customers, including both riders and drivers, revealing their names, email address and phone numbers. That affected group included 50 million riders, and 7 million drivers, and around 600,000 driver’s license numbers for US drivers were also included in …

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Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app

Chinese internet giant Baidu is continuing its push into the automotive space after it led a RMB 1.3 billion ($195 million) Series B investment in Shouqi Limousine & Chauffeur, an offshoot of the state-owned Shouqi Group which was Beijing’s first licensed ride-hailing app. NIO Capital, the investment arm of billion-dollar electric car …

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Uber CEO says 2019 is the target for IPO

Uber CEO Dara Khosrowshahi was on stage at the New York Times’ Dealbook conference today, and the ride hailing company’s top executive put a timeline on Uber’s plans for going public. Khosrowshahi, who took over as CEO after founder Travis Kalanick stepped down earlier this year, said early on that …

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Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants …

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CarHopper raises $1.5 million to let travelers rent ultra luxurious cars

The sharing economy continues to bear fruit. CarHopper, a platform for luxury car rental, has raised a $1.5 million seed round to expand to new markets. CarHopper started out as a peer-to-peer platform for luxury car owners — think Lexus, Mercedes and BMW all the way up to Ferrari and …

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Judge delays Waymo/Uber trial until December 4th

This morning, Judge William Alsup ruled that the Waymo v. Uber trial would be delayed until December 4th. The trial had initially been expected to start with jury selection on October 10th. Ultimately, this gives Waymo additional time to review new documents associated with the Stroz report in advance of …

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