SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $900 million principal amount of 7.500% Senior Notes due 2025 (the “notes”). The principal amount of the offering was increased from the previously announced offering size of $750 million. The notes are being offered only to persons reasonably believed to be qualified institutional… Continue reading Uber: Uber Announces Pricing of Upsized $900 Million Senior Notes Offering
Category: Mobility Companies
Uber: Uber Announces Proposed $750 Million Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $750 million principal amount of Senior Notes due 2025 (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 $750 Million Senior Notes Offering
Lyft: Lyft Announces Private Offering of $650 million of Convertible Senior Notes and Capped Call to Increase Effective Conversion Premium to 150%
SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $650 million aggregate principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant… Continue reading Lyft: Lyft Announces Private Offering of $650 million of Convertible Senior Notes and Capped Call to Increase Effective Conversion Premium to 150%
Voyage Partners with FCA to Deliver Fully Driverless Cars
Integrating our self-driving technology into a purpose-built Chrysler Pacifica Hybrid An AV-Ready Chrysler Pacifica A Necessary Partnership for Driverless Voyage has teamed up with FCA to accelerate Voyage’s deployment of fully driverless cars. We have integrated our self-driving technology into a purpose-built Chrysler Pacifica Hybrid, developed specifically by FCA for the integration of automated technology. Building a… Continue reading Voyage Partners with FCA to Deliver Fully Driverless Cars
Uber: Uber Announces Results for First Quarter 2020
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2020. Financial Highlights for First Quarter 2020 Gross Bookings grew to $15.8 billion, up 8% year-over-year, or 10% on a constant currency basis, with Rides declining 3% and Eats growing 54% year-over-year, respectively, on a constant currency basis.… Continue reading Uber: Uber Announces Results for First Quarter 2020
Resuming our driving operations in Phoenix
Back in March, we decided to suspend our driving operations in response to COVID-19 to ensure the safety of everyone involved in our services and local communities. Starting this coming Monday, May 11, Arizonans will begin to see some Waymo vehicles back on the road. The first part of our tiered approach to safely resume… Continue reading Resuming our driving operations in Phoenix
Lyft: Lyft launching personal health certification, will require face masks as part of new Health Safety Program
SAN FRANCISCO, May 07, 2020 (GLOBE NEWSWIRE) — As local governments ease stay-at-home orders, Lyft is ramping up efforts to protect riders and drivers — including establishing new health and safety standards for ridesharing. Today we’re announcing a Health Safety Program with new policies, commitments, and products designed to address the needs of our community… Continue reading Lyft: Lyft launching personal health certification, will require face masks as part of new Health Safety Program
Lyft: Lyft Announces First Quarter Results
First quarter revenue grew to $955.7 million, up 23% year-over-yearEnded quarter with $2.7 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, May 06, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its first quarter ended March 31, 2020. First Quarter 2020 Financial Highlights Lyft reported Q1 revenue of… Continue reading Lyft: Lyft Announces First Quarter Results
Uber: Uber CFO to Participate at J.P. Morgan Global Technology, Media and Communications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, Chief Financial Officer, will participate in a fireside chat at J.P. Morgan’s 48th Annual Virtual Global Technology Media and Communications Conference on Thursday, May 14. Mr. Chai is scheduled to appear at 10:50 am ET (7:50am PT). A live webcast of the event… Continue reading Uber: Uber CFO to Participate at J.P. Morgan Global Technology, Media and Communications Conference
Continuous Development of our Mobility Platform
Coauthored with Pascal Rodriguez and Gregory Marti I remember our early production deployments at Bestmile, back in 2016. There were three main software components at the time. The “core” component — holding the seed of Bestmile’s Fleet Orchestration Platform; our homemade API Gateway — holding the plumbing around the core; and finally, the Dashboard web front-end. This early version of… Continue reading Continuous Development of our Mobility Platform