Uber, Lyft and the challenge of transportation startup profits

Transit has always required subsidies — can Uber and Lyft escape history? Tracey Lindeman 15 hours How much does transportation cost you? In most cities, bus or subway fare might set you back $3 or so. A tank of gas, maybe $30 or $40 depending on your car. An hour of street parking? Sometimes it’s […]

Dissecting what Lyft’s IPO means for Uber and the future of mobility

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kirsten Korosec and Kate Clark led a deep-dive discussion into Lyft’s IPO and the outlook for the business going forward. After skyrocketing nearly 10% on its first day hitting the […]

Bike-share startup Zagster raises $15 million

Zagster, the bike-share company behind the Pace brand, has raised a $15 million round led by Edison Capital Partners. The startup has also unveiled its new bike parking system for both shared and personal bikes. “Bikes have always locked to things,” Zagster CEO Tim Ericson said in a press release. “Cities have been willing to […]

Crunch Report | Jimmy Iovine is not leaving Apple

Ripple announces XRP trial with cross-border remittance firm MoneyGram 38 minutes ago by Jon Russell Marlin Equity Partners acquires social listening platform Talkwalker 1 hour ago by Ron Miller ECJ to rule on whether Facebook needs to hunt for hate speech 3 hours ago by Natasha Lomas Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai […]