Good deal: Uber is almost back to pre-Covid levels

0
12

The revenue of the transport service provider increased by 72 percent compared to the previous year. Also: Elon Musk reveals more about his Twitter plans and could Tiktok be banned in the US?

Uber CEO Dara Khosrowshahi said Uber delivered a “strong quarter,” benefiting from the resurgent travel boom, an easing in lockdowns and shifts in consumer spending.
AP Photo/Richard Drew

Good morning! While you slept, work continued elsewhere in the digital scene.

The top topics:

Uber was able to post positive figures in the third quarter. The business of the US chauffeur service provider has almost reached the pre-Covid level again. Uber’s grocery delivery business also saw double-digit percentage revenue growth. Total revenue for the three months ended September was $8.34 billion, up 72 percent year-on-year. Analysts had expected $8.12 billion.

Wall Street was also enthusiastic about the forecast for the current quarter: Gross bookings will probably increase between 23 and 27 percent compared to the previous year. After this positive news, the shares of the US group rose by almost twelve percent. Also Airbnb was able to present similarly good figures and benefited from the openings after the peak phase of the pandemic. The lodging broker’s revenue rose 29 percent year-on-year to $2.9 billion in the third quarter. [Mehr bei Wall Street Journal, CNBC, The Information und The Information]

on Founder Scene: The news from the is piling up right now Carsharing-Welt: Yesterday the Berlin startup Miles announced that it was taking over the Volkswagen subsidiary Weshare. Today there is the Swabian startup Those announces that it has closed a financing round. Although Azowo is not a car sharing provider, it develops analysis software for the companies behind the car fleets. [Mehr bei Gründerszene]

And here are the other headlines of the night:

Twitter-Boss Elon Musk has more on his Plans for the short message service reveal: As reported, he wants to update Twitter’s premium subscription product, Twitter Blue, and expand its features. However, the price should not increase to almost $20 per month, but increase from $4.99 to $8. The news about the price of $20 for verification and the blue tick caused irritation among some of the most well-known Twitter users: the author tweeted Stephen King, who has seven million followers, that Twitter should pay him to post on the site. At the same time, it was announced that more executives have left Twitter. [Mehr bei The Information und New York Times]

Snap and Meta have gained in the stock market after a US Federal Communications Commissioner said the US government Tiktok should ban. The short film platform belongs to the Chinese group Bytedance. Snap shares rose 3.4 percent on Tuesday, with Meta shares up 2.2 percent. Republican Commissioner Brendan Carr’s comments do not mean there will be actual action against Tiktok as he does not have sole decision-making authority over it. [Mehr bei Axios]

Youtube has launched an online marketplace for streaming services with more than 30 offers. This is the next step in the quest Googleunit to become a one-stop shop for video entertainment. The new feature, called Primetime Channels, allows viewers in the US to select individual streaming services such as Showtime, Paramount+ and Starz Subscribe directly to Youtube. [Mehr bei Wall Street Journal]

Amazon left the trillion dollar club. Shares of the e-commerce retailer plunged 5.9 percent Tuesday, taking the market value below $1 trillion. At the same time, Amazon is also stepping on the gas and wants the lead of music streaming services Spotify and Apple Music reduce. In the future, customers of the Prime subscription offer will be able to listen to the entire music catalog of around 100 million songs without commercial breaks. However, they can only listen to the songs in random mode. [Mehr bei CNBC, Handelsblatt, Techcrunch und Wall Street Journal]

SpaceX launched the first Falcon Heavy mission in over three years on Tuesday. The rocket is the most powerful in service to date. SpaceX’s rocket carries out the secret USSF-44 mission for the US Space Force. The space company had previously carried experimental satellites on a demonstration flight for the Pentagon. [Mehr bei Wall Street Journal und CNBC]

Our reading tip on the start-up scene: Volocopter increases by a further 182 million euros: Part of the million-euro investment comes from the mega-city project of Saudi Crown Prince Mohammed bin Salman. The whole thing is not without controversy. [Mehr bei Gründerszene]

Don’t want to miss anything? Then subscribe our start-up scene newsletter! It appears every morning at 8:30 a.m. and brings you all the important news straight to your inbox.

Happy Wednesday!

Your Gründerszene editors



Source: https://www.businessinsider.de/gruenderszene/business/uber-fast-vor-covid-niveau/

Leave a Reply