Uber Technologies

Uber falls over 40 percent since its IPO, lost $1.2 billion in September-quarter

Uber faces huge losses as it is currently struggling to win investor confidence.

SoftBank's takeover represents a stunning reversal of fortune for WeWork

To stem WeWork's bleeding, SoftBank will need to reverse its losses and find a way to make it profitable.

Arm Holdings plans to re-enter the public markets in 2023, the company CEO confirms

The CEO says that Arm Holdings has purposely taken steps that will pay off years later.

Uber loses $5 bn, misses Wall Street targets despite easing price war; company's costs up 147% to $8.65 bn

Uber stock had risen more than 8% and Lyft had gained 3% during the day. Following Uber’s report, its shares fell 6% and Lyft dropped nearly 2%.

Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming months

Uber already allows riders in India to book the ubiquitous three-wheeled vehicles dubbed “autorickshaws” or “autos”

Waymo is testing complimentary Wi-Fi in its self-driving taxis to entice new riders

Waymo is persuading passengers that their ride service is less stressful than driving own cars.

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO

Uber's market capitalization has fallen to about $61 billion since its IPO on Thursday, still larger than Wall Street heavyweights including General Motors and FedEx

Uber prices IPO conservatively at $82.4 bn, hopes it will spare ride-hailing firm trading woes of rival Lyft

The IPO still represents a watershed moment for Uber, which has grown into the world’s largest ride-hailing company since its start 10 years ago.

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up

Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion

Uber's Amit Jain to leave next month, Pierre-Dimitri Gore-Coty named as new Asia-Pacific unit chief

San Francisco-based Uber counts India as one of its major growth markets and has been locked in a fierce battle with homegrown rival Ola for years.