Search Results for: UBER
Uber Pivots to Food Delivery Amid Pandemic
Uber food delivery / Uber Two days after scoring a big win on election day, when Californians passed Proposition 22, a ballot measure that exempts gig economy companies from a law that would require them to More...
Uber London Operations License Denied: “Allows Unverified Drivers to Collect Passengers”
The London Transport Authority (TFL) said on Monday it would not renew Uber operating license for the giant ride-sharing company from San Francisco, following a “pattern of failures” that “jeopardized More...
Travis Kalanick sells more than $500 million of Uber stock
Uber co-founder and ousted chief executive Travis Kalanick sold 20.3 million shares of the company since the trading restrictions period expired last Wednesday. According to public filings, Kalanick sold 20.3 million More...
How Uber’s IPO Valuation Measures Up
By Katharina Buchholz Uber stocks are hitting Wall Street today in an IPO that valued the company at $82.4 billion. Uber is selling initial shares at $45 a piece and raised $8.1 billion in the biggest IPO in More...
Lyft vs. Uber: How Uber and Lyft Measure Up
Ride-hailing company Lyft filed the paperwork for its initial public offering last Friday, lifting the veil on how its fast-growing business is performing financially. According to the filing, 30.7 million people More...
Uber developing scooters and robotic bikes, Report
Uber has begun developing scooters and robotic bikes and the company is recruiting engineers for a dedicated robotics team to run within its Jump division; According to the British Telegraph. In the past year, More...
Uber’s Loss-Making Ride-Sharing Business
Ahead of what is shaping up to be one of the largest tech IPOs in 2019, ride-sharing company Uber continues to grow, albeit at a slower pace, while losing money at an incredible rate. According to results shared More...
Buffett confirms: “We had conversations with Uber about investment in the company”
The legendary investor Warren Buffett, the owner of Berkshire Hathaway, confirmed yesterday that there were talks with Uber, the ridesharing, food delivery, and transportation network company. “I’m More...
103 Uber drivers accused of sexual assault or abuse, CNN report
A CNN investigation has found that among Uber‘s drivers in the U.S. at least 103 have been accused of sexually assaulting or abusing their passengers in the past four years. Some of them are wanted More...
Lyft growing faster than Uber
Lyft passed $1 billion in revenue in 2017 — and it’s growing faster than Uber. Uber, of course, is still much larger than Lyft — it generated a reported $7.5 billion in revenue last year and operates More...