UberPool Shut Down in California

No more cheap UberPool rides for now: Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus. Reuters “Our goal is to help flatten the curve on community spread in the cities we serve” Andrew Macdonald, SVP Uber Rides […]

Spain Bans Short Selling for a Month

Rodrigo Orihuela brings some much welcome good news from Spain: Spain’s securities regulator banned short selling for a month in an attempt to shield local stocks from the volatility caused by the coronavirus outbreak. Bloomberg Makes sense that they don’t want opportunists trying to make money off this emergency. When that happens, you have people […]

How Leasing Impacts Tesla’s Financials

The Trefis Team at Forbes has a great piece on Tesla’s fast-growing leasing business: While the higher mix of leases is impacting Tesla’s Revenue Growth, it is accretive to the company’s Gross Margins. Below, we take a look at how Tesla’s Leasing business is faring and how it impacts the company’s financials. Forbes Oh, I’ve […]

Inside the Disaster that is Uber

Amir Efrati at The Information has a beautiful new feature for us. Here’s the hook: Uber CEO Khosrowshahi faces a reckoning. Despite cost-cutting, Uber’s losses are far higher than projected and it is losing ground in each of its key businesses. Investors and employees question whether he is up to the job of turning Uber […]