SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the launch of Uber One, a brand new membership program that brings together the best of Uber rides, delivery and groceries. As the only membership program providing discounts and exclusive experiences across both rides and delivery, Uber One is designed to help members navigate everyday life.… Continue reading Uber: Uber Introduces Uber One: A New Membership Program Bringing Together the Best of Uber
Tag: Uber
Battery-swapping firm Ample raises 50 million, expands to Europe with Uber partnership
Battery swapping specialist Ample partnered with Uber in January, and now offers its swapping technology to Uber drivers in California. Now the two companies have announced an expansion of their partnership. The new collaboration will provide drivers in Uber’s European fleet with access to Ample’s autonomous battery swapping stations. Uber aims to fully electrify the… Continue reading Battery-swapping firm Ample raises 50 million, expands to Europe with Uber partnership
Uber: Uber Freight Completes Acquisition of Transplace
SAN FRANCISCO & FRISCO, Texas–(BUSINESS WIRE)–Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million… Continue reading Uber: Uber Freight Completes Acquisition of Transplace
Uber: Uber to Host Investor Day in February 2022
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its fourth quarter and full-year 2021 financial results on Wednesday, February 9, 2022, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The following day on February 10, 2022, Uber will host an Investor Day with financial analysts and institutional… Continue reading Uber: Uber to Host Investor Day in February 2022
TechnologyU.S. sues Uber over alleged disability discrimination4:54 AM UTC
WASHINGTON, Nov 10 (Reuters) – The U.S. Justice Department on Wednesday sued Uber Technologies Inc (UBER.N) over allegations of overcharging disabled passengers, and asked a federal court to order compliance with an anti-discrimination law. The lawsuit, filed in the U.S. District Court in San Francisco, targets an April 2016 Uber policy of charging passengers “wait… Continue reading TechnologyU.S. sues Uber over alleged disability discrimination4:54 AM UTC
Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO
(Rivian Photo) Rivian, the electric vehicle maker with substantial backing from Amazon, is arriving with a roar in its public debut on the Nasdaq exchange today. Rivian set its IPO price at $78/share on Tuesday, valuing the startup at around $70 billion. But the stock opened at $106.75/share in its first trade and was soon… Continue reading Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO
Ample raises $30M to take battery swapping business to Europe
Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santander. The San Francisco-based company should be at or near unicorn status, considering its valuation back in August was $890 million, according to Pitchbook. Unicorn status means a company… Continue reading Ample raises $30M to take battery swapping business to Europe
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Lyft reports adjusted profitability again as revenue per rider rises
Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises
Lime raises $523M as it prepares to go public
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its… Continue reading Lime raises $523M as it prepares to go public