Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before the pandemic. Careem, which mainly operates in the Middle East, had originally forecast that its ride service would recover at the end of 2021, but now expects it to rebound earlier in the year with some… Continue reading Uber unit Careem sees speedier-than-expected recovery
Tag: Uber
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
Amazon buying Aurora could be the next big move in the self-driving-car industry’s wave of consolidation, an expert says (AMZN, UBER)
The autonomous-vehicle industry has seen a number of big investments, partnerships, and acquisitions in recent years. Aurora Innovation and Uber ATG are the firms most likely to be bought next, according to analyst Sam Abuelsamid. Amazon could use Aurora’s tech to build self-driving heavy-duty trucks, while Toyota could add Uber ATG to its research division,… Continue reading Amazon buying Aurora could be the next big move in the self-driving-car industry’s wave of consolidation, an expert says (AMZN, UBER)
Uber plans to sell part of stake in China’s Didi Chuxing
Uber Technologies Inc is planning to sell part of its $6.3 billion stake in Chinese ride-hailing firm Didi Chuxing to raise cash, Bloomberg News reported https://bloom.bg/2RAViKg on Thursday, citing people familiar with the matter. CEO Dara Khosrowshahi is in talks about the sale with Didi and SoftBank Group Corp, with a possible scenario of the Japanese conglomerate teaming up with other investors to acquire Uber‘s 15% stake in Didi, according to… Continue reading Uber plans to sell part of stake in China’s Didi Chuxing
Self-driving car operator charged over fatal crash
image copyrightReuters The back-up driver of an Uber self-driving car that killed a pedestrian has been charged with negligent homicide. Elaine Herzberg, aged 49, was hit by the car as she wheeled a bicycle across the road in Tempe, Arizona, in 2018. Investigators said the car’s safety driver, Rafael Vasquez, had been streaming an episode… Continue reading Self-driving car operator charged over fatal crash
German startup sennder acquires Uber’s European freight business
By Reuters Staff 1 Min Read FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo BERLIN (Reuters) – German freight startup sennder said on Wednesday it had acquired Uber’s UBER.N European freight business in an all-stock deal that will see the U.S. ride hailing company… Continue reading German startup sennder acquires Uber’s European freight business
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
Andreessen Horowitz’s a16z podcast: Here’s what execs who led growth at Uber and HubSpot say tech entrepreneurs should focus on over the next two years to be successful
The following is a transcript from the a16z podcast, created by Silicon Valley venture capital firm Andreessen Horowitz, which explores tech, innovation, culture trends, news, and the future. In this episode, host Lauren Murrow speaks with Andrew Chen, general partner at a16z who previously led the growth team at Uber, and Brian Balfour, the former VP… Continue reading Andreessen Horowitz’s a16z podcast: Here’s what execs who led growth at Uber and HubSpot say tech entrepreneurs should focus on over the next two years to be successful
@GM: General Motors Helps Drivers on Uber’s Platform Switch to Electric General Motors and Uber team up to help reduce vehicle tailpipe emissions and ac…
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