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Bike-sharing pioneer Mobike is retreating to China

In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on China. On Friday, Mobike laid off its operations teams in APAC, which entailed more than 15 full-time employees

Can we ever evaluate technical debt?

Every couple of months, I talk to an entrepreneur who is interested in building a marketplace for buying and selling app businesses (i.e. the actual IP and ownership of an app or other piece of software). These markets always seem to suffer from a lack of liquidity, and one reason

Getaround early investor sues car-sharing startup for $1.79 million

Getaround is getting around the courthouse. One of the car-sharing startup’s early investors, Geoffrey Shmigelsky, is suing the company, alleging fraud and unfair conduct. “Our client supported Getaround and Mr. Zaid from the very start, only to be swindled out of $1.785 million that went straight into the pockets of

Starbucks adding delivery services to more than 2,000 stores via Uber Eats

Starbucks is expanding its partnership with Uber Eats to more than 2,000 stores in the United States next year, about a quarter of all of the company’s locations in the country. The relationship bolsters Uber’s mission for its on-demand food delivery service, Eats. Uber has said it plans to

Uber launches a bus service in Egypt

Uber, which is gearing up to go public early next year, is really doubling down on this whole multi-modal transportation provider effort. Earlier this month, Uber CEO Dara Khosrowshahi announced the launch of Uber Bus, a minibus service in Cairo, Egypt. “I’m excited to be in Cairo to launch Uber Bus, a

Lift Aircraft’s Hexa may be your first multirotor drone ride

We were promised jetpacks, but let’s be honest, they’re just plain unsafe. So a nice drone ride is probably all we should reasonably expect. Lift Aircraft is the latest to make a play for the passenger multirotor market, theoretical as it is, and its craft is a sleek little thing

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