Consolidation was always on the menu, says Uber CEO Dara Khosrowshahi
Khosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other large markets.
Uber forecasts first-ever quarterly profit by end of year
Uber is trying to more closely connect its various services and increase usage amon...
India, fundamental part of Uber's growth: Dara Khosrowshahi
Uber CEO Dara Khosrowshahi unveils an important innovation for the Delhi transpor...
Uber analysts say India food unit sale ends ‘dark chapter’
The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
One of Uber’s most powerful women leaves to start a VC fund
Just 12% of startup investment firms in the U.S. have women in decision-making roles with the power to write checks.
Travis Kalanick is exiting his Uber holdings very quickly
A new California law is giving gig-economy workers the right to a minimum wage. Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.
Dara Khosrowshahi flags off Delhi metro ride on Uber, says in for long haul
“India is a fundamental part of Uber’s growth going forward. It is a very important market for us, a a top-10 market for us. We will continue to invest here. Profitability metrics across our business here are improving,” Dara Khosrowshahi said.
Uber’s London ban marks global backlash for ride-hailing giants
For Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed users pretending to be Uber drivers and faking their identities in at least 14,000 trips.
Uber’s Europe business is at risk after London revokes license
Uber’s rapid growth in London, where it says it has 3.5 million regular users, was seen as a success story for the company’s expansion outside the U.S. since it started service in 2012. But the city has since become a battleground with the world’s largest startup clashing with local regulators and the iconic black cab industry.
Uber's Dara Khosrowshahi backtracks after calling Khashoggi death a 'mistake'
The remarks came during a discussion about Uber’s relationship with Saudi Arabia, which is the ride-hailing car company's fifth-largest investor.
Uber is recording some riders’ trips, raising privacy worries
The increased surveillance of rides at Uber coincides with a spike in demand from U.S. and Canadian regulators and law enforcement officials for companies to share their customers’ information.
Uber loses $1.1 billion investing in food delivery, driverless cars
The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting. Analysts polled by FactSet predicted Uber would lose $1.18 billion, or 67 cents per share, during the quarter.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
Ola and Uber look beyond cab hailing to drive growth
Both mobility platforms are expected to bank on bike taxis and rentals to shore up ride numbers.
Uber’s CEO vows to tackle those losses, with help from India
Khosrowshahi says Uber will continue to invest there, and is confident his team can build products that fit not just the Indian market but could also be exported to growth regions of the next decade from the Middle East to Africa.
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