Uber

The Latest

  • Uber and Lyft Threaten Minneapolis Departure in Minimum Wage Law Standoff
    Ride-hailing
    Uber and Lyft have announced plans to suspend their services in Minneapolis, marking a significant clash between the ride-hailing giants and city leadership.
  • Uber Surges to Profitability in Q2 Despite Lower Than Expected Revenue; CFO to Exit, Stocks Stumble
    Uber
    Uber, battling losses in its ride-hailing and food delivery businesses, finally achieved the milestone of operating profit. However, its performance in the second quarter remained lackluster. After the financial results were published, Uber's stock opened lower on Tuesday, with midday losses approaching 7%, retreating to its lowest closing level since July 17 after hitting a two-year high on Monday.
  • Hacker Linked To Lapsus$ Responsible For Uber Breach
    Uber
    Uber claims that it reacted to the security compromise right away in order to safeguard its internal systems and user data.
  • Uber’s Safety Report Boasts Decrease In Sexual Assaults
    Uber
    Uber's second safety report for 2019 finds that third-party drivers are primarily at fault for the increase in fatalities, though a decrease in sexual assaults is also recorded.
  • Lyft Shares Tank By Nearly 30%, Dragging Down Other Ride-Hailing Stock
    Ride-hailing
    Lyft said it plans to focus its investments in driver incentives to address any unexpected surge in passengers.
  • Uber Earnings Beat Expectations But Wall Street Remains Skeptical
    Uber
    Uber's stock still dipped even after it reported growth in its core businesses for its latest quarter.
  • Uber Posts $3 Billion 1st Quarter Revenue, Below Investor Estimates
    IMPROVING
    Uber posted a net loss of $108 million, a major improvement from a $968 million loss in the fourth quarter last year.
  • Uber Now Offering Car Rentals Via Mobile App
    Uber
    Uber partnered with brands such as Hertz and Avis for its new Uber Rent car rental program.
  • Uber Shares Up In Smoke
    MONEY IN POT
    Cannabis delivery services are legal in Oregon, Nevada and California.
  • Uber And Lyft Facing Driver Shortages As Demand Recovers
    Ride-hailing
    Ride-hailing companies in the US are reportedly having problems recruiting drivers.
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