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Uber to acquire bike-sharing startup Jump

Photo: Uber

Uber has agreed to acquire Jump Bikes, an electric dockless bike-sharing company with which it partnered earlier this year.

Why it matters: Uber has well-known aspirations to go beyond cars, and bike-sharing has gained traction as a "last-mile" transportation option in dense cities.

Jump is currently the only company with a permit to operate a dockless bike-sharing service in San Francisco, aside from the Bay Area-wide Ford GoBike service.

Background: Founder Ryan Rzepecki first got the idea to start a bike-sharing company in 2008, which was then named Social Bicycles. It had deployed more than 15,000 bikes in more than 40 markets, including outside the U.S., and recently raised $10 million in Series A funding from backers like Menlo Ventures, SOSV and Esther Dyson.

Market view: Other dockless bike-sharing companies include Ofo ($1.4 billion in total funding), Mobike (just sold to Meituan for $2.7 billion) , Spin ($8 million raised), and LimeBike ($132 million raised).

David McCabe 6 hours ago
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Facebook can't get a break from D.C. conservatives

Mark Zuckerberg and Sen. John Kennedy (R-LA)
Mark Zuckerberg and Louisiana Sen. John Kennedy. Photo: Zach Gibson / via Getty Images

Facebook, despite years of outreach to conservatives, remains a punching bag for the right.

Why it matters: Facebook can't maintain its power as a network for everyone if one group of lawmakers — and users — keeps perceiving it as biased against them.

Mike Pompeo’s first foreign trip

Mike Pompeo
CIA Director Mike Pompeo testifies on worldwide threats. Photo: SAUL LOEB/AFP/Getty Images

If he is confirmed as Secretary of State tomorrow, Mike Pompeo will embark on his first foreign trip as secretary to Brussels for the NATO Summit, Axios has learned. Bloomberg first reported the contingency planning for the potential trip.

The details: “The acting secretary John Sullivan is ready to go to the NATO summit in Brussels Thursday,” a senior administration official told Axios. “The secretary-designate Mike Pompeo is prepared to travel to the meeting of foreign ministers to reaffirm our commitment to NATO and coordinate the alliance’s response to Russian aggression.”

Editor's note: This story has been updated to reflect the latest developments.