Company
NYSE:UBER
Uber Technologies Inc develops and operates technology applications supporting a variety of offerings on its platform. The company connects consumers with providers of ride services, merchants, and food delivery services as well as public transportation networks. Its segments include Mobility, Delivery and Freight.
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One person, who claimed to be the hacker, said he sent a text message to one of its workers insisting he was a corporate IT employee before they handed over a password that gave him access to the systems
Uber also reported a free cash flow of US$382mln, up by US$780mln from a negative position last year
Uber could be 'adding cameras to deter assaults, performing more robust background checks on drivers [and] creating a warning system when drivers don’t stay on a path to a destination'
Using 124,000 leaked documents, investigative journalists allege the tech giant used a "kill switch" to prevent authorities from seizing evidence and lobbying officials to drop investigations
Rapid-delivery unicorn Gorillas has reportedly halved the number of staff across its offices
Revenues soared 136% from a year ago period in the first quarter of 2022
As a result of the share slump in after-hours trading, Lyft's market value was stripped of about US$2.8bn
Quite intriguingly, Uber's movement on the market over the last year mirrored that of Twitter
Quite intriguingly, its movement on the market over the last year mirrored that of Twitter
Rideshare services were hit hard by lockdowns as people were forced to stay at home
The US is considering an import ban on Russian oil, which has led to a surge in crude prices
The company expects adjusted profits of around US$5bn in 2024, below analysts’ forecasts of US$5.7bn
With a sharp jump of 2%, the Nasdaq Composite closed at 14,490, while the S&P 500 was up by 1.4% at 4,587, and the Dow Jones Industrial Average ended with gains of 0.9%, or 305 points, at 35,768
The ride hailing app will have to start charging its customers 20% VAT
The price picking intends to eliminate peak demand price surges, as well as eradicate the common occurrence of drivers canceling due to the arrival of a more appealing, and probably longer, job
The minimum fare in the capital has risen to £5 to £5.50, while trips to airports carry a 15% surcharge
An electric moped could be powered by an inexpensive small capacity lithium-carbon battery that could be recharged between stops in as little as 90 seconds
In the previous quarter, management said the company was “well positioned” to reach EBITDA profitability by the fourth quarter
The S&P 500 ended the trading day at a record 4,429 points,a 0.6% gain to reach a new record high
The taxi and food delivery app operator made a paper profit of US$1.1bn, thanks to the revaluation of its equity investments in Chinese ride-sharing giant Didi Global Inc and self-driving startup Aurora
