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- Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger September 24, 2018Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore’s anti-competition laws. Grab acquired (and then merged/closed) Uber’s Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on […]
- It sounds like Apple’s original content is going to be really, really bad September 24, 2018Last year, an investor projected that Apple would be spending up to $4.2 billion on original content by 2022, but if the reports coming out now about what that content will look like are correct, the company may want its money back. A new Wall Street Journal article highlights some of the tensions that Apple faces as it looks to […]
- Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh September 24, 2018Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in […]