Uber Technologies

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Uber Technologies - Total results - 72
Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum
Business

Uber posts massive losses, to lay off 3,700 employees; banks on food-delivery momentum

Uber recorded $3.54 billion in total revenue for the first three months of the year, roughly in line with analyst estimates, but still posted a $2.9 billion loss in the period.

Amazon to foray into food delivery business in India, likely to partner with Infosys co-founder Narayana Murthy
Business

Amazon to foray into food delivery business in India, likely to partner with Infosys co-founder Narayana Murthy

The report points out Amazon's food delivery open for its employees and started pilot testing its service in select parts of Bengaluru.

Uber to pay $4.4 million for settlement in federal sex harassment investigation
News & Analysis

Uber to pay $4.4 million for settlement in federal sex harassment investigation

A claims administrator will send notices to women who worked at Uber between 1 January 2014, and 30 June 2019.

Argo plans to share its revenue and technology with companies like Ford that focus on self-driving
News & Analysis

Argo plans to share its revenue and technology with companies like Ford that focus on self-driving

Ford and VW each own just under 40 percent, with Argo's management team holding just over 20 percent.

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

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
News & Analysis

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
News & Analysis

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
Business

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
Business

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
News & Analysis

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
Business

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
Business

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
Business

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
Business

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.

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future
Business

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future

Although Uber's user base includes customers of other services as well as ride-sharing, Uber’s 91 million is nearly five times the 18.6 million announced by rival Lyft Inc.

Uber Technologies plans to sell around $10 billion worth of stock in IPO
Business

Uber Technologies plans to sell around $10 billion worth of stock in IPO

Most of the shares sold would be issued by Uber Technologies Inc, while a smaller portion would be owned by investors cashing out

Didi Chuxing launches crowdfunding, lending services to diversify business
News & Analysis

Didi Chuxing launches crowdfunding, lending services to diversify business

The products bring Didi into competition with investor Alibaba Group Holding Ltd.

Uber says it could be valued at $120 billion for its IPO next year
News & Analysis

Uber says it could be valued at $120 billion for its IPO next year

Proposed valuation of Uber is about $50 billion more than the company’s most recent valuation.

Toyota to invest $500 mn in Uber to develop self-driving cars; duo to catch up to rivals in autonomous driving business
Business

Toyota to invest $500 mn in Uber to develop self-driving cars; duo to catch up to rivals in autonomous driving business

Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.

Uber hires financial services veteran as CFO after lengthy search, paving way for IPO
Business

Uber hires financial services veteran as CFO after lengthy search, paving way for IPO

Previous Uber Chief Executive Officer Travis Kalanick had shown little interest in hiring a replacement for the CFO positions, but the search stepped up last year under new CEO Dara Khosrowshahi.