SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it intends to offer, subject to market conditions and other factors, $1.0 billion principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities… Continue reading Uber: Uber Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
Author: Uber Official News
Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, CFO, will participate in a fireside chat at the 2020 Barclays Global Technology, Media and Telecommunications Conference on Thursday, Dec 10, 2020. Mr. Chai is scheduled to appear at 8:00am ET (5:00am PT). A live webcast of the event will be available on… Continue reading Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
Uber: Uber Completes Acquisition of Postmates
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations. As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S.… Continue reading Uber: Uber Completes Acquisition of Postmates
Uber: Uber Announces Results for Third Quarter 2020
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2020. Financial Highlights for Third Quarter 2020 Gross Bookings declined to $14.7 billion, down 10% year-over-year, or 8% on a constant currency basis, with Mobility Gross Bookings declining 50% and Delivery Gross Bookings growing 135% year-over-year, respectively, on… Continue reading Uber: Uber Announces Results for Third Quarter 2020
Uber: The Impact of Third-Party Food Delivery During COVID-19
The COVID-19 pandemic and the resulting public health measures have severely impacted the restaurant industry. With dine-in operations largely prohibited, many restaurants have turned to take-out and delivery models to continue reaching customers, maintain revenue, and stay in business. To better understand the impact of third-party food delivery platforms on restaurants during this time, Uber… Continue reading Uber: The Impact of Third-Party Food Delivery During COVID-19
Uber: Independent couriers’ reaction to employee reclassification: learnings from Geneva
By Alison Stein, Economist at Uber We’ve written before about the impact of switching from a system where independent contractors can use platforms like Uber to one where they have to be traditional employees. In California, our analysis has shown that such a switch would result in a 76% reduction in work opportunities for drivers, due… Continue reading Uber: Independent couriers’ reaction to employee reclassification: learnings from Geneva
Uber: Uber Announces Proposed $500 Million Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $500 million principal amount of Senior Notes due 2028 (the “notes”), subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act… Continue reading Uber: Uber Announces Proposed $500 Million Senior Notes Offering
Uber: Uber ATG Releases 2020 Safety Report
By: Uber ATG Safety Team One of Uber ATG’s self-driving vehicles conducts scenario testing at Pittsburgh test track facility. As Uber ATG’s self-driving technology continues to mature, so too does our approach to self-driving safety. We’re taking another step forward in our commitment to an open public safety dialogue with the release of our 2020 Safety… Continue reading Uber: Uber ATG Releases 2020 Safety Report
Uber: Can Employees Really Work However They Want?
by Alison Stein, Economist at Uber On August 10, Uber CEO Dara Khosrowshahi wrote an op-ed in the New York Times, proposing that the U.S. employment system be updated to require gig platform companies like Uber to pay for new benefits and grant new protections to drivers. One of his key arguments was that today’s system forces… Continue reading Uber: Can Employees Really Work However They Want?
Uber: Uber ATG issues enhancements to Safety Case Framework
By: Nat Beuse, Head of Safety at Uber Advanced Technologies Group In July 2019, the team at Uber ATG released our first, open-sourced Safety Case Framework, which clearly organizes the goals, claims, and evidence necessary to substantiate that our self-driving vehicles (SDVs) are acceptably safe to operate on public roads. The framework charted an outline… Continue reading Uber: Uber ATG issues enhancements to Safety Case Framework