Did unicorns like Lyft and Uber wait too long?

It was several years ago, at a tech conference in Laguna Beach, Calif., that the venture capitalist Bill Gurley issued one of what would become repeated warnings that startups were staying private too long. Comparing companies that refuse to go public to undergrads whose college careers extend several years past the point that they should, Gurley…


Sainsbury’s supermarket goes ’till-free’

Supermarket chain Sainsbury’s is trialling its first “till-free” store, in which shoppers do not need to queue for a staffed or self-service checkout. Instead, customers can scan goods with a smartphone and put them straight into a bag. When they have finished shopping, their payment is processed by the phone. One industry expert suggested UK…


Uber begins appeal over London licence denial

A London court is considering whether Uber is “fit and proper” to hold an operator licence in the capital. The taxi app company has begun making its case at Westminster Magistrates’ Court in a hearing that is expected to last several days. Last September, Transport for London refused to renew Uber’s licence on grounds of…