Uber on Tuesday reported revenue growth exceeding expectations from Wall Street, suggesting that the company has continued to recover from a pandemic slump as drivers return to the platform. But it posted a net loss, in part because of its investments in other ride-hailing companies. Revenue was $8.34 billion for the third quarter, a 72… Continue reading Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
Tag: Uber
Exclusive interview: Auto Trader COO on cost of living crisis
Catherine Faiers has been responsible for Auto Trader’s day-to-day operations since May 2019, when she was appointed chief operating officer. She joined the company as marketing director in 2017, and prior to that was COO at Addison Lee, corporate development director at Trainline and a director at Close Brothers Corporate Finance. Here, Faiers discusses how she… Continue reading Exclusive interview: Auto Trader COO on cost of living crisis
New Vehicle Tangle: Supply, Prices, Payments All Up as Affordability Dips
As measured by days of supply, non-luxury brands with the lowest inventories – all below the national average – were Toyota, Kia, Honda, Subaru, Volkswagen and Hyundai. Graphic: Cox Automotive New-vehicle inventory volume climbed through November as production increased and sales slowed, according to Cox Automotive’s analysis of vAuto Available Inventory data released Dec. 14.… Continue reading New Vehicle Tangle: Supply, Prices, Payments All Up as Affordability Dips
Uber Partners with Meijer to Expand On-Demand Grocery Delivery Across Midwest
Shoppers across Michigan, Indiana, Illinois, Ohio, Wisconsin and Kentucky can access same-day delivery on their favorite grocery items, including fresh produce, prepared meals and more through Uber Eats. SAN FRANCISCO, Dec. 16, 2022 /PRNewswire/ — Today, Uber Technologies, Inc. (NYSE: UBER) announced its new partnership with privately-owned Meijer to offer on-demand and scheduled grocery delivery to… Continue reading Uber Partners with Meijer to Expand On-Demand Grocery Delivery Across Midwest
Uber Deploying Robots to Replace Human Delivery Drivers
Who needs pesky human drivers anyways? Uber Bot Two years after selling off its self-driving car business, Uber is rolling out a fleet of six-wheeled delivery robots to replace human Uber Eats drivers in Miami, partnering with California-based sidewalk robot company Cartken for a pilot program in a Miami commercial district called Dadeland. Cartken robots… Continue reading Uber Deploying Robots to Replace Human Delivery Drivers
The battle over gig worker status is heating up
The fight over whether gig workers are independent contractors or employees has been heating up this week on both state and federal levels. The stakes? A once disruptive business model could soon be disrupted itself. On the state level, this week has seen developments in the Proposition 22 saga as companies relying on gig workers… Continue reading The battle over gig worker status is heating up
Uber Eats and Cartken partner for Sidewalk Robot Deliveries
Cartken’s AI-powered sidewalk robots will land in Miami before multi-city expansion in 2023 MIAMI, Dec. 15, 2022 /PRNewswire/ — Uber Technologies, Inc. (NYSE: UBER) and Cartken, a leading robotics company, today announced a new partnership for food deliveries via automated robots in Miami, Florida. Uber Eats consumers in Miami will have the opportunity to have… Continue reading Uber Eats and Cartken partner for Sidewalk Robot Deliveries
Uber Eats will use sidewalk robots to make food deliveries in Miami
/ The robots are provided by Cartken, an Oakland-based robotics company. It’s still an unproven business, with some notable examples of robots getting stuck or catching fire. Uber will use robots from Cartken to make deliveries in Dadeland.Image: Uber Uber is expanding its use of autonomous delivery vehicles with the announcement that it will soon… Continue reading Uber Eats will use sidewalk robots to make food deliveries in Miami
Grab to cut costs amid macroeconomic uncertainties, CEO writes in memo
Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a freeze on most hirings, salary freezes for senior managers and cuts in travel and expense budgets, according to… Continue reading Grab to cut costs amid macroeconomic uncertainties, CEO writes in memo
In High School, SBF Reportedly Printed $100 Bills With His Face on Them Called “Bankmans”
Sounds like Sam Bankman-Fried has a long history of minting his own money. Bankman Notes It sounds like former FTX CEO Sam Bankman-Fried — now in custody and facing US criminal charges — has a long history with self-minted money. According to a source that spoke with Puck, Bankman-Fried was the literal face of his tony… Continue reading In High School, SBF Reportedly Printed $100 Bills With His Face on Them Called “Bankmans”