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Latest Articles in uber technologies

Uber, Lyft Agree To Share Info On Banned Drivers In Safety Push

The move comes more than a year after Uber released its first safety report, detailing about 6,000 reports of sexual assault related to 2.3 billion trips in the United States in 2017 and 2018.

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Uber Reduces Losses On Food Delivery Expansion, Modest Uptick In Ride Bookings

Fourth-quarter mobility revenue, largely comprised of rides, declined by 52% from last year, but at $1.47 billion was up 8% on a quarterly basis despite new lockdown measures in the United States, Europe and the Middle East.

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Uber Sells ATG Self-Driving Business To Aurora At $4 Billion

Uber's partnership with Aurora is not exclusive. Khosrowshahi said Uber would continue to install self-driving technology on a variety of vehicle makes, but called the relationship with Aurora "special."

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Uber Launches Medicines Delivery Service In South Africa

The equally lucrative medicines delivery market is controlled by pharmacy chains Clicks and Dis-Chem, which offered delivery services long before COVID-19 spurred a shift to online shopping.

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Uber Partners With Helpage To Provide 1,000 Free Monthly Rides To Elderly

Uber will provide these rides across Ahmedabad, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Delhi NCR, Hyderabad, Kochi, Kolkata, Lucknow and Mumbai from October to December 2020

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Uber's Mideast Business Careem Sees Speedier-Than-Expected Recovery

Careem, which mainly operates in the Middle East, had originally forecast that its ride service would recover at the end of 2021, but now expects it to rebound earlier in the year with some markets already close to pre-COVID levels.

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Uber Plans To Sell Part Of Stake In China's Didi

Uber holds 37% stake in Russia's Yandex Taxi and about 18% stake in Singapore-based Grab, according to the company's 2020 investor presentation dated Aug. 6.

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Uber Promises 100% Electric Vehicles By 2040, Commits $800 Million To Help Drivers Switch

Uber's plan follows years of criticism by environmental groups and city officials over the pollution and congestion caused by ride-hail vehicles and calls for fleet electrification.

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US Charges Former Uber Security Chief With Covering Up Massive 2016 Hacking

The complaint says Sullivan had the hackers sign non-disclosure agreements that falsely stated they had not stolen data. It alleges that then-CEO Travis Kalanick was aware of Sullivan’s actions.

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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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