Didi Global to close IPO bookbuild on Monday
It could be the largest IPO in New York this year, at US$4bn at the top of the range
Company
Uber Technologies Inc
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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Uber signs historic deal with GMB union
It’s the first time a gig economy outfit has formally recognised a workers’ union
Uber says reclassification of UK drivers cost US$600mln
Nelson Chai, CFO, told reporters the company would become profitable in the "second half of the year"
Uber rival Grab to list via SPAC merger
The SoftBank-backed startup, which offers ride-hailing, food delivery and payment services, is set to merge with a SPAC owned by Altimeter Capital in a deal that will see it valued at around US$35bn
Uber to charge Londoners extra green fee as part of £200mln Clean Air Plan
The ride-sharing app expects to raise more than £200mln to support drivers transitioning to electric vehicles over the next few years
Uber re-classifies 70,000 UK drivers as workers in major gig economy shift
The move means British drivers for the ride-hailing app will now be entitled to basic labour rights including minimum wage, holiday pay and a pension
Uber Technologies hit as UK says drivers are workers
The stock is down 3.2% ahead of the open in New York.
Uber narrows losses but revenues miss forecasts in fourth quarter
The company also reported that gross bookings had fallen 5% year-on-year as strong growth in food delivery orders on UberEats was offset by a sharp plunge in bookings from its taxi app
SoftBank profit surges as market rally and disposals drive rebound
The Japanese conglomerate reported a net profit for the quarter to December 31 of around US$11.1bn, up from US$520.7mln the previous year and ahead of analyst estimates of a US$932.6mln profit
SoftBank eyes earnings recovery in third quarter amid surge in IPOs
The Japanese conglomerate is reportedly expecting a net profit for the quarter to December of around US$1.63bn, up from US$521.7mln a year ago
Archive
US stocks close sharply higher as Biden edges toward Electoral College win
As of the close of markets, Democrat Joe Biden was leading in Michigan and Nevada -- the last two states he needs to win to secure 270 Electoral College votes and thus the White House
Former Uber CEO backs firm developing real-time carbon emissions tracking technology
London-based Emitwise has raised US$3.4mln in a funding round backed by several Silicon Valley investors
Uber rival Ola banned by London authorities over risk to public safety
TfL said it had discovered "a number of failures that could have risked public safety"
Archive
Dow ends 400+ points up in reversal of last week's selloff
The publication of Donald Trump's tax returns may throw a spanner in the works of the president's campaign before he faces Joe Biden on Tuesday, however, traders in New York seem to be taking the turbulence in stride
Uber granted London operating licence following court ruling
Tanweer Ikram, deputy chief magistrate at the Westminster Magistrates Court said despite the company’s “historical failings”, he found that Uber was now a “fit and proper operator” to hold a private hire vehicle licence in the capitol
Uber heads to court in bid to win back London operating licence
The taxi app was denied a licence by Transport for London last year, with the regulator citing concerns over its safeguarding procedures
Uber joins fight against coronavirus pandemic by offering contact tracing service
The free service from Uber is being touted to government health officials in all countries where it operates, according to Reuters
Uber to snap up takeaway app Postmates in all-stock deal
Based in San Francisco, Postmates offers local delivery of meals and other goods to around 2,940 US cities
Uber shares up pre-market despite withdrawing 2020 guidance on coronavirus uncertainty
Investors may be cheered by the relatively small effect of programs that Uber rolled out to help drivers during the pandemic
Uber boosted by profitability promise as losses soar
Overall, for 2019, Uber lost US$8.5bn on revenues 26% higher at $14.1bn