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Latest Articles in uber technologies

Toyota Holds $293 Million Stake In Uber, Governance Report Shows

Reporting the total size of its stake in Uber, which became a listed company last year, Toyota said it held 10.25 million shares valued at 31.15 billion yen ($292.46 million) as of March 30.

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Uber Customer Claims Company Won Price-fixing Suit Because Arbitrator Was Scared

Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high "surge pricing" fares during periods of heavy demand by agreeing to charge prices set by an algorithm in the Uber ride-hailing app.

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SoftBank CEO Tells U.S. Investors He'll Be More Careful

SoftBank was aiming to raise $108 billion in funds for a second Vision Fund, and has committed $38 billion of its own money toward that goal.

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Uber Says It Is Closing Office In Downtown Los Angeles

The move was reported earlier by the LA Times newspaper, which also added that the step will result in the elimination of about 80 jobs.

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Uber, Ahead Of IPO, Sees Some Time Before Self-Driving Cars Dominate The Road

Uber, last valued at $76 billion in the private market, is seeking a valuation as high as $120 billion in its IPO.

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Uber's Q3 Net Loss Widens To $1.46 Billion Amidst Crisis

Being a private firm, Uber is not required to publicly report its financial results, but earlier this year it began offering a glimpse of its performance by disclosing certain numbers

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Uber, Ola's Indian Legal Woes Put SoftBank's Funding In Firing Line

Though Meru lost an earlier antitrust suit versus Ola, lawyers and industry sources said that moves by SoftBank - already a major investor in Ola - to pour some $10 billion into Uber along with other investors could strengthen the local cab service's case

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Uber's Travis Kalanick Says He Appoints New Directors To Board

Kalanick, still one of the largest shareholders, said in a statement he had appointed former Xerox Chief Executive Ursula Burns and former Merrill Lynch Chief Executive John Thain as directors

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Lyft Takes Step Toward IPO

Lyft Inc is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.

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Uber To Defend Business Model At UK Tribunal On Worker Rights

Trade union-led protestors are expected to march through central London on Wednesday against what they deem "precarious labour" in the 'gig economy', where people work for various employers at the same time without fixed contracts

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Expedia Chief Dara Khosrowshahi Named To Lead Uber: Report

Khosrowshahi emerged as the leader among three finalists for the job during company board meetings over the weekend, the Times reported yesterday, citing two people familiar with the decision

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Uber Hires Law Firm To Probe How It Handled India Rape Case

Uber Technologies Inc has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014

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Uber Co-founder Kalanick Resigns As Chief Executive

Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors

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Uber Faces Criminal Probe Over Software Used To Evade Authorities

The US Department of Justice has begun a criminal investigation into Uber Technologies Inc's use of a software tool that helped its drivers evade local transportation regulators

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Uber Diversity Report Shows Shortage Of Women, Minorities

Uber's workforce overall is comprised of 36 per cent women, but that number falls to 15 per cent when looking at employees with technical roles, the company said

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