Uber Technologies News
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
The report points out Amazon's food delivery open for its employees and started pilot testing its service in select parts of Bengaluru.
A claims administrator will send notices to women who worked at Uber between 1 January 2014, and 30 June 2019.
Ford and VW each own just under 40 percent, with Argo's management team holding just over 20 percent.
Uber faces huge losses as it is currently struggling to win investor confidence.
To stem WeWork's bleeding, SoftBank will need to reverse its losses and find a way to make it profitable.
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 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 is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion
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
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.
Most of the shares sold would be issued by Uber Technologies Inc, while a smaller portion would be owned by investors cashing out
The products bring Didi into competition with investor Alibaba Group Holding Ltd.
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
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.
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.