According to an article by CBC, rental car company giant Hertz is launching a program that will help it make more money from older cars in its fleet.
If it wasn’t already enough with the recent $3.5 billion raise from the Saudi Sovereign Wealth Fund and a valuation of $62.5 billion , Uber is once again raising funds. This time raising $2 billion in the leveraged loan market, making the company the most highly valued VC-backed private company in the world.
Lyft, the ride-sharing company has been carrying a strong battle against its biggest competitor Uber for a while now. But recently, Lyft has managed to score key partnerships that will contribute to the company’s steady growth and establishment in the industry. Continue reading “Lyft: the story of strategic alliances”