Yesterday Tired of bad traffic and have money to spare? A growing cadre of venture capital–backed startups are launching services to ferry people on short-distance trips by small planes and helicopters.
2 Days Ago Airbnb is contemplating another big step into the hotel business, this time in India and China. The travel giant is in discussions to invest in Indian hotel management startup Oyo, two people familiar with the matter said.
6 Days Ago Bird, the pioneer of the electric scooter sector, laid off 4% to 5% of its full-time staff on Thursday, in an effort to contain costs. About 40 employees of the roughly 900-person company were let go.
13 Days Ago Airbnb for the past year has talked about its intentions to expand its presence in hotel bookings. On Thursday, the company made it official, acquiring HotelTonight for what two people familiar with the matter said was $440 million.
15 Days Ago The two top executives leading policy and government relations at scooter startup Lime are leaving, less than a year after they joined. The departures add to the turnover at the fast-growing company as it faces mounting safety problems and a need to win approval to expand into new cities.
36 Days Ago Thomas Cute, a former bus driver, will be among the first to take a ride this spring in Providence, R.I.’s new, self-driving shuttle. He and other local bus drivers will survey how the small, driverless bus makes its way from the downtown train station, over the Woonasquatucket River, to a neighborhood where few public buses currently run.
43 Days Ago India’s Oyo Hotels and Homes, a $5 billion travel startup backed by SoftBank’s Vision Fund and Sequoia Capital, has started to expand into the U.S., The Information has learned.
49 Days Ago Mexico City’s Grin and Sao Paulo’s Yellow, which each took in tens of millions of dollars from Silicon Valley investors to run scooter rental businesses last fall, have merged and raised $150 million in fresh capital, according to executives at both firms.
50 Days Ago Last spring, after Dallas officials raised concerns with scooter-rental firms that riding scooters at night could be dangerous, officials thought they had won a promise from Lime that it would remove scooters from the streets every evening.
55 Days Ago The two leaders in electric scooter rentals, Bird and Lime, saw significant declines in ridership in November and December—the first wintry months they’ve had to navigate with large fleets, new data show.
68 Days Ago Executives from self-driving carmakers and software companies who gathered this week at CES, the giant annual electronics show in Las Vegas, appeared to agree on at least one thing: It’s time to lower expectations about autonomous vehicles.
76 Days Ago If Uber, Lyft, Pinterest and Slack go public later this year, as is expected, it will be the culmination of months of work. Executives will have to do everything from preparing financial statements for release to editing revisions to their prospectuses.
92 Days Ago Airbnb is expected to lead a group of investors that would put about $75 million into Lyric, a startup that turns new apartment buildings into hotel-like properties for business travelers, people familiar with the matter said.
101 Days Ago Investors in Lime were surprised this spring that the startup already had spent much of the $70 million it had raised only a few months earlier.
104 Days Ago As Airbnb prepares to go public, its strengths and weaknesses are coming into focus. A previously shorthanded executive team has been reinforced with veterans from Amazon, creating new power centers inside the company, as our new org chart shows.
111 Days Ago Sidewalk Labs executives were full of ambition two years ago when they pitched their parent company, Alphabet, more than 600 pages of plans for building a city neighborhood from scratch.
127 Days Ago Vacasa became the largest vacation rental management company in North America this year, operating homes in beach and mountain towns. Now, backed by more than $200 million from tech investors on the road to a potential public offering, Vacasa wants to move into the big city.
134 Days Ago After officials in the San Francisco mayor’s office launched a new fund three years ago to attract corporate donations for low-income housing, they spent months trying to convince the region’s largest tech firms including Alphabet to contribute tens or hundreds of millions of dollars, two people familiar with the matter said.
141 Days Ago Lime, the Uber- and Alphabet-backed startup that boasts its electric scooter rentals take cars off the road, has decided that some four-wheel vehicles aren’t so bad after all.
145 Days Ago Opendoor, which buys and sells homes online, has seemed poised for rapid growth after raising more than $700 million from SoftBank and other venture capital investors this year.
159 Days Ago Airbnb’s years-long effort to crack the market for vacation tours and activities accelerated this year in what was known internally as the “summer of love.” After testing the service extensively, the company looked to grow its Experiences business rapidly, offering bar crawls, hat-making classes and other trip add-ons to more than 1,000 cities from Abu Dhabi to Reykjavik.
166 Days Ago The electric scooter market has expanded rapidly, yet some scooter executives think the fast growth has obscured real challenges with issues such as hardware, battery charging and road space.
173 Days Ago In 2010, Nick Foley was working in a New York bike shop when he met Ryan Rzepecki, a transportation planner who had recently been driving horse-drawn carriages in Central Park and was looking for help building bikes for his startup, which later became Jump Bikes.
177 Days Ago Airbnb has another top job to fill: engineering leader. Mike Curtis, the company’s vice president of engineering for more than five years, will step down this year, he told the company earlier this month.
191 Days Ago The proliferation of Uber, Airbnb and now electric scooters has prompted city councils and mayors’ offices around the country to impose rules on how the companies can operate.