With Uber's high-profile IPO looming, eligible drivers stand to get a piece of the stock offering.5.4 million shares, or about 3 percent of the total offering, will be reserved for U.S. drivers.Still, relations between the ride-hailing company and its drivers are contentious, and a strike is planned for May 8.The top executives, board members and early investors in Uber Technologies stand to reap billions of dollars off of their stakes in the ride-hail company when it goes public later this week. Ousted founder and former CEO Travis Kalanick, who still owns 8.6 percent of Uber, is expected to make nearly $9 billion on his stake, while early investor Jeff Bezos of Amazon.com -- the world's richest man -- stands to make $400 million off of his investment. Eligible Uber drivers -- the lifeblood of the company -- won't see anywhere near the same kinds of returns, although some of them will have the option to buy Uber shares when they start trading between an expected $44 and $50 … [Read more...] about Will Uber drivers profit from tech company’s big IPO?
Driverless cars new york times
opinion Ali Chaudhry Opinion contributor Published 8:00 AM EDT Apr 7, 2019 New York will soon become the first city in the country to implement congestion pricing. A lot is riding on its success — and not just for New York. Once a transportation pioneer, New York City’s crumbling subway and clogged roads are reflective of our country’s infrastructure neglect. It’s symptomatic of the crisis facing other cities in the U.S. that are seeing the same cracks form in their systems, and many of those cities have no financial ability to keep their systems in a state of good repair. When congestion pricing kicks in at the end of 2020, drivers will pay a user fee to enter high-traffic zones in Manhattan below 60th Street. The fee will raise an estimated $1 billion annually that can be leveraged in the finance markets to bring up to $15 billion in capital to the Metropolitan Transit Authority, which runs New York City’s subway and buses. That … [Read more...] about New York congestion pricing can inspire other cities if done right
The defeat of ISIS in Syria could bring more terror to the streets of Britain as fleeing fighters turn their attention to avenging their defeat. The world’s leading experts in modern warfare and terrorism have also warned that Syria could soon be overrun by other terror organisations and that ISIS could rise from the ashes and retake the region. ISIS once controlled 34,000 sq miles of territory stretching from western Syria to eastern Iraq, generating billions of dollars in revenue from oil, extortion, robbery and kidnapping. But their vast 'caliphate' is about to collapse as Kurdish-led Syrian Democratic Forces (SDF) fight to liberate the last remaining village from the terror group's grip. But has ISIS really been destroyed? And is the destruction of their self-proclaimed caliphate only good news for Syria, and for us in the West? We spoke to Dr Shiraz Maher, senior fellow of War Studies at King’s College London, and director of the International Centre for the Study … [Read more...] about Why ‘defeat’ of ISIS could unleash a new wave of terror and tragedy
Business By Justin Rowlatt BBC News 10 January 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-46794948 Read more about sharing. These are external links and will open in a new window Close share panel A couple of months ago I wrote a wildly optimistic piece about how we've all probably bought our last cars. It … [Read more...] about Are the days of the private car really over?
A former Google engineer has completed what he claims is the first US coast-to-coast drive completed entirely by self-driving technology. Anthony Levandowski completed the 3,099 mile journey between San Francisco and New York in October, only taking charge of his vehicle to refuel and stop overnight, according to a video shared by his new company. A coast-to-coast drive without the need for any human intervention has long been an ambition for driverless car developers, but available driver-assistance technology is limited largely to motorways. Tests of fully driverless cars are highly regulated and limited to small areas. Mr Levandowski has been a controversial figure in the tech industry and one of the most prominent developers of driverless car systems. He helped start Google’s self-driving car project and left to found his own start-up before joining Uber. Mr Levandowski was then fired after he was at the centre of a lawsuit between the two companies over allegations that … [Read more...] about Ex Google engineer completes 3,000 mile coast-to-coast journey in driverless car