Uber ebikes Shorter rides more earnings

first_imgREUTERS/Toby Melville/Illustration/File PhotoUber plans to switch its focus to electric bikes and scooter over car despite the fact that the company will suffer loss initially. Dara Khosrowshahi, CEO, said that it is difficult plus time taking for cars to go inside the narrow streets of a city and that is where the demand for electric bikes occurs.It has spent around $200m for its new e-bike business this year and the investment will continue despite the losses. “In the short term, it might cost us but in long-term it would add huge profit and that is where we exactly want to head,” said  Khosrowshahi.Uber operates its e-bike business in around 8 cities in the USA, including New York and Washington and soon they will launch its bike business in  European cities Berlin, being the first city. The revenue at first will be less but it will grow in long-term once the users are friendly with the same.At first, the uber drivers were not very convinced about the idea until they got to know that their short rides would be replaced by the long rides and more earnings. Renting bikes and scooters will earn them less profit than cars but it will cover the profit by replacing the long rides for short rides. “We are willing to trade off short-term per-unit economics for long-term higher engagement,” CEO told the FT.Uber is making good revenue from the taxi business but its expansion into new areas of e-bike and scooters has added losses to it at a great rate. David Brophy, professor of finance at the University of Michigan, told Reuters that the firm could expect to see its valuation slashed in a public listing if it did not show more progress towards becoming profitable.According to BBC, the basic cost of hiring a scooter is about $1 (76p). Riders pay more the further they travel.last_img read more

Sale of advance bus tickets to begin 18 Aug

first_imgThe sale of advance bus tickets for Eid journey will begin on 18 August, said sources in the transport sector.However, the date for commencing sale of advance train tickets for Eid travel has not been fixed yet.Eid-ul Azha – the second of two largest festivals of the Muslim community – is scheduled to be celebrated either on 2 or 3 September, depending on the sighting of the moon of the Arabic month Zilhajj.Millions of people leave Dhaka to celebrate both of the festivals – the other is Eid-ul Fitr – with their near and dear ones at their home towns and villages.People in the transport sector said they are already getting demand for tickets for 30 and 31 August from the home-goers.Bangladesh Bus Truck Owners Association president Faruk Talukder told Prothom Alo that the sale of advance Eid tickets will begin at 6:00am 18 December this year.When contacted, railway minister Mujibul Haque said the authorities are yet to take a decision on when the sale of advance train ticket will begin.last_img read more

Snap Close to Releasing TwoCamera Spectacles Report

first_imgSnapchat’s corporate parent Snap is getting ready to release a new version of its Spectacles eyewear, according to a new Cheddar report. The new model will cost $350, and feature two cameras instead of one, according to the report, which also states that Snap is aiming for a release by year’s end.A Snap spokesperson declined to comment.Snap released a revamped version of its original Spectacles product in April. This second generation of the device featured only moderate changes over the original, including a smaller frame and an option for prescription lens inserts.The upcoming third version seems to be a bigger departure: With two cameras, the model is supposed to be able to produce augmented reality effects for the videos it captures. In addition, the device reportedly features an aluminum frame. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Popular on Variety center_img Spectacles have yet to turn into a financial success for Snap. The company initially created some buzz for the product by limiting the release of the first version. This apparently led to Snap vastly overestimating the demand for the product, resulting in a $40 million write-down for unsold inventory.last_img read more

A soda a day may cut your chances of conceiving

first_imgPlanning a baby? Then stop drinking soda or sugar-sweetened beverages, as intake of one or more such drinks a day – by either partner – may decrease the chances of conceiving, warns a study. The findings showed both female and male intake of sugar-sweetened beverages was associated with 20 per cent reduced fecundability – the average monthly probability of conception. Females who consumed at least one soda per day had 25 per cent lower fecundability, while male consumption was associated with 33 per cent lower fecundability. Also Read – Add new books to your shelf”We found positive associations between intake of sugar-sweetened beverages and lower fertility, which were consistent after controlling for many other factors, including obesity, caffeine intake, alcohol, smoking, and overall diet quality,” said lead author Elizabeth Hatch, Professor at the Boston University School of Public Health (BUSPH).”Couples planning a pregnancy might consider limiting their consumption of these beverages, especially because they are also related to other adverse health effects,” Hatch said, in a paper published in the journal Epidemiology. Also Read – Over 2 hours screen time daily will make your kids impulsiveIntake of energy drinks was related to even larger reductions in fertility, although the results were based on small numbers of consumers. Little association was found between intake of fruit juice or diet soda and fertility.Previous studies have linked the consumption of these beverages to weight gain, Type 2 diabetes, early menstruation and poor semen quality. For the new study, the team surveyed 3,828 women aged 21 to 45 living in the US or Canada and 1,045 of their male partners.last_img read more