Andrew Hawkins, transportation reporter for The Verge, explores the latest developments in the Waymo vs. Uber trial. Cheddar spoke to him just minutes before a settlement was reached between the two companies.
He points out that the public battle between Uber and Waymo could have negative consequences for the ride-sharing industry. These companies consistently highlight how ride-sharing services help the public, yet the trial has unearthed allegations of theft and corporate greed that could tarnish the image of the whole industry.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.