Sharing Economy News

Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.

Platform News: Lyft ride-hailing app is part of the sharing economy

Lyft expands rental car program in San Francisco Bay Area and Los Angeles

Reuters – Lyft Inc has said that it is offering rental cars to a wider group of users across the San Francisco bay area and Los Angeles. The company first introduced a rental...

Platform News: Japan's SoftBank

SoftBank’s China strategy wobbles as key bets disappoint

HONG KONG/BEIJING (Reuters) – For Tokyo, Japan-based SoftBank Group Inc, the financial technology firm OneConnect’s IPO should have been a vindication of an aggressive ...

London

Just Eat caught up in GBP 5 billion festive food fight

AMSTERDAM/LONDON (Reuters) – The battle for Britain’s Just Eat, which pits investment giant Prosus against Dutch food ordering service Takeaway.com, is set to roll on t...

Facebook

US regulator weighs action against Facebook over how its apps interact: WSJ

Reuters – The US Federal Trade Commission (FTC) is considering asking a court to stop Facebook from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger...

Platform News: Amazon building

Amazon’s Deliveroo acquisition put in jeopardy by UK regulator’s ‘serious concerns’

LONDON (Reuters) – Amazon’s purchase of a stake in online food delivery group Deliveroo has been put in doubt by Britain’s competition regulator which said it rai...

Platform Industry: CEO of the ride-sharing company Uber Technologies

US lawmaker says Uber must take action after disclosing sexual assault reports

WASHINGTON (Reuters) – The Chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursda...

Tesla

Survey: consumers are divided on electric and self-driving cars

Reuters – Automakers, ride-hailing and tech companies plowing money into the development of electric, self-driving and shared car services will find more enthusiastic consume...

Platform Industry News: Ride-sharing driver

Chicago approves traffic congestion tax on ride-hailing services

CHICAGO (Reuters) – A proposal to combat traffic congestion in Chicago by increasing taxes on certain ride-hailing trips won city council approval on Tuesday as the city and ...

Platform Industry News: Ride-sharing driver

‘Unfit’ Uber loses London licence over safety failures

LONDON (Reuters) – Uber was stripped of its licence to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a ̶...

London

Uber still in the dark on London taxi licence renewal, three days before expiry

LONDON (Reuters) – Uber is waiting to find out whether its taxi licence in London, one of its most important markets, will be renewed, just three days before it is due to exp...

Moscow Skyline

Russia’s Sberbank, Mail.Ru to invest $1 billion in online food, taxi venture

MOSCOW (Reuters) – Russian internet company Mail.Ru and state lender Sberbank have finalised the terms of a joint food and taxi platform and plan to invest 64.6 billion roubl...

Platform News: Microsoft-owned professional networking giant LinkedIn

Two plead guilty in conspiracy involving Uber, LinkedIn, others – U.S. Justice Dept

WASHINGTON (Reuters) – Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc, LinkedIn and other corporatio...