carsharing

Uber typically charges 25% commission from drivers.Image: Siegfried Mondola (Getty Images)Uber is back at it again. The digital ride-sharing is appealing a decision made by a Kenyan court that would cap the commission it can take from drivers in the country at 18%, which is down from the usual 25% the company charges.Love it or hate it, Uber is here to stay. The ride-hailingservice has its paws in nearly every market across the planet and has successfully baked itself into out world’s transportation infrastructure. New…

The city of London threatened to exile Uber over various safety concerns in 2017.Image: Oli Scarff (Getty Images)Ubers are an integral part of our transportation arsenal, whether we like it or not. The ride-share company announced today the overhaul of its safety toolkit, which now includes the ability to contact an ADT operator and text 911.Uber is looking to make that ride you just called a little bit safer, with an updated safety toolkit. The company announced a redesigned version of their pre-existing safety features,…

Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its IPO price of 28,000 won ($21.10) in the initial minutes of the debut, before tumbling to 26,300 won and giving the firm a market cap of $642 million. Last week, Socar cut its targeted IPO offering to 102 billion won ($78.1 million), giving the car-sharing company a valuation of 966.5 billion won ($731 million) before…