Uber lays off 350 people, under 10% based in India
These terminations will impact all of Uber’s businesses in the country, including uberEats
India is now home to Uber’s businesses in the country
Booming food delivery business is making global majors rework India ops. While Uber is ...
Big tech regulation shouldn’t sweep up startups, Uber CEO says
Tough regulation could stifle innovation and block the next wave of signific...
Uber lays off hundreds more workers as it struggles to make money
Uber has been under pressure this year over its long-term viability. In August, it reported a record quarterly loss of $5.2 billion and its slowest-ever revenue growth.
Uber cuts 400 jobs globally, 20-25 in India
At the end of the first quarter, Uber reported having 24,494 workers worldwide, with more that 1,200 of them in marketing.
Cycling startup Peloton confidentially files for US IPO
It raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
Hail no more! Ola, Uber’s ride growth slows to a crawl
Number of daily rides was up by just 4% in past 6 months. That means more wait time and higher fares.
Uber's hype dissolves and IPO joins ranks of Wall Street flops
Uber’s losses last year totaled $3.04 billion on an operating basis, with revenue of $11.3 billion. Its total operating losses over the past three years were more than $10 billion.
When former CEO Kalanick's trial-and-error approach led to success of Uber Eats
Uber is banking on its Eats vertical to increase the company’s valuation.
How much is an idea worth? In Uber’s case, $3.7 billion
Dara Khosrowshahi is determined to convince investors that Uber is a different company today—a diversified business that’s ethically run and capable of someday turning a profit.
View | Lesson for unicorns: Don’t wait too long to launch IPO like Uber
Uber has learned only in recent days that market isn’t as enamored with it as it believed.
IPO debacle: Uber blame game focuses on Morgan Stanley
Why did bankers suggest a $120 billion valuation last year that Uber couldn’t deliver?
Uber slips below $70 billion value, marring a big year for IPOs
Uber shares debuted at $42, well below the IPO price of $45.
Who's getting richer from Uber’s massive IPO?
There are dozens of other significant investors who have stakes less than 5%, the cut-off that requires public disclosure.
Not all work: Uber CEO Dara Khosrowshahi finally defied his Twitter bio and took out some time to play
Khosrowshahi recently carved out some time to play Gloomhaven and tweeted pictures of it.
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