Uber to Cut 6,700 Jobs, focuses on Core Rides, Delivery Business
Uber Technologies Inc will focus on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become...
Uber Sees Food-delivery Momentum, Says Rides Are Recovering
Uber Technologies Inc’s ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown, and said that its loss-making food delivery...
Uber and Alphabet Lead $170 Million Investment Into Lime Electric Scooters
Today, Lime announced that Uber is leading a $170 million dollar investment round with participation from Alphabet, Bain Capital Ventures, GV and other existing and...
Uber to Use Technology to Ensure Its Drivers Are Wearing Masks
Uber Technologies Inc. will reportedly use technology to detect whether its drivers are wearing masks or face coverings before they go online and accept trips,...
Uber Withdraws Forecast and Will Write Down About $2 Billion
Given the evolving nature of COVID-19 and the uncertainty it has caused, Uber withdrawed its 2020 guidance for Gross Bookings, Adjusted Net Revenue, and Adjusted...
Uber Releases its 2020 Lost & Found Index
Uber has released the fourth annual Uber Lost & Found Index – a snapshot of what riders are leaving behind.
In 2019, phones, wallets,...
Uber Introduces the Work Hub to Connect U.S. Ride-hail Drivers to Delivery
Uber Technologies said on Monday its app will list job openings in the delivery, food production and grocery industry that its U.S. drivers can access....
Uber Says it Has Enough Cash Reserves to Withstand the Coronavirus Crisis
Uber Technologies Inc. hosted a conference call with analysts on Thursday, March 19, saying that it would have billions of dollars in cash at the...
Self-driving Vehicle Companies Suspend Testing
Self-driving technology companies, including Waymo, Cruise and Uber, have suspended autonomous car testing that involves backup drivers, over coronavirus fears.
Alphabet's Waymo said on Tuesday...
Lyft and Uber Suspend Shared Car Pool Services
Uber Technologies Inc. and Lyft Inc. suspended their shared car pool services in the U.S. and Canada in a bid to slow the coronavirus pandemic....
