SummaryCompaniesQ1 revenue, adjusted core earnings above estimatesUber’s ride-share, food-delivery heft power earningsStock soars 8%, also lifts Lyft and DoorDash May 2 (Reuters) – Uber Technologies Inc (UBER.N) forecast quarterly core earnings above estimates on Tuesday, after a surge in demand for travel and food delivery helped the U.S. ride-sharing giant report better-than-expected results for the… Continue reading Uber confident on profit as ride-sharing makes strong start to 2023
Tag: Uber
Our Favorite Tech for the Home Garden
A backyard garden can be a healing sanctuary after a stressful day, but maintaining that sanctuary, ironically, can require a lot of effort and time. Unless you want to relax in a yard of dried weeds and brown grass, you have to mow, water, tidy up, and all else. Luckily, a few simple upgrades to… Continue reading Our Favorite Tech for the Home Garden
Sound Ventures Closes AI Fund, At $240M
Sound Ventures, a Los Angeles, CA-based venture capital firm, closed Sound Ventures AI Fund, at nearly $240M. The fund seeks to invest in category-defining artificial intelligence businesses at the foundation model layer. The fund’s current portfolio includes OpenAI, Anthropic and StabilityAI. Sound Ventures AI Fund will invest alongside Sound’s early-stage funds. Sound manages over $1… Continue reading Sound Ventures Closes AI Fund, At $240M
11 Best Retro Game Consoles (2023): Evercade, Polymega, Analogue Pocket, and Controllers
Do you remember the alluring 8-bit music, flashing screens, and excitement of the arcades? Maybe you spent many happy hours in front of an early home computer or game console. Or perhaps you just want a taste of what early video games were like. Everyone loves new retro-looking games, but if you really want to… Continue reading 11 Best Retro Game Consoles (2023): Evercade, Polymega, Analogue Pocket, and Controllers
Lyft to lay off more than 1,000 employees in cost-cut push
Separately, Lyft also said it will eliminate three layers of management from 8 to 5 and divide its rideshare business into three core teams. Ride-hailing firm Lyft Inc said it will lay off about 1,072 employees, or 26% of its workforce, in one of the first steps by the new Chief Executive David Risher, sending… Continue reading Lyft to lay off more than 1,000 employees in cost-cut push
Luca Software Raises $2.5M in Seed Funding
Luca Software, a San Francisco, CA-based startup that helps retailers make pricing decisions, raised 2.5m in Seed funding. The round was led by Menlo Ventures, with participation from Y Combinator, Soma Capital, Uber’s angel syndicate and strategic angels. The company intends to use the funds to scale out our data science and engineering teams, and… Continue reading Luca Software Raises $2.5M in Seed Funding
Tesla’s biggest bull with $2,000 price target sees robotaxi service launching ‘soon’
Ark Invest, arguably Tesla’s biggest bull with a $2,000 price target on the TSLA stock, put together a weighted average prediction for when Tesla would launch its robotaxi service. Recently, Tesla has made it clear that it is virtually betting the house on self-driving. CEO Elon Musk even went as far as to say that… Continue reading Tesla’s biggest bull with $2,000 price target sees robotaxi service launching ‘soon’
bp pulse to expand incentives for Uber drivers to go electric
bp pulse and Uber have signed an agreement to expand their strategic partnership. The two companies began working together in 2021, when bp opened a commercial charging hub on Park Lane in London, and Uber became bp’s first ride-hailing platform partner. Uber says that over 15% of miles driven using its service in London are… Continue reading bp pulse to expand incentives for Uber drivers to go electric
Lyft is laying off 26 percent of employees
The ridesharing company is shedding 1,072 jobs. Lyft had warned of impending layoffs last week, and now it’s taking action. The ridesharing company is cutting 1,072 jobs, or about 26 percent of its employees. It’s also scaling back hiring and will scrub 250 open roles. The decision will carry severance and benefits costs of up… Continue reading Lyft is laying off 26 percent of employees
Uber Freight offers carriers a fuel card powered by startup AtoB
Uber Freight, the logistics business spun out of Uber in 2018, is partnering with transportation fintech startup AtoB to offer carriers fuel cards and spend management software. AtoB, a four-year-old company that has been described as Stripe for transportation, offers an integrated financial platform based around its core product of a fuel card for truckers. Unlike… Continue reading Uber Freight offers carriers a fuel card powered by startup AtoB