Uber Technologies is in advanced talks to sell its air taxi business, “Uber Elevate”, to aerospace firm Joby Aviation, news website Axios reported on Wednesday, citing sources. Uber did not immediately respond to a Reuters request for comment. Its shares rose over 6% following the news. Hyundai Motor Co, which in January announced a partnership… Continue reading Uber in advanced talks to sell air taxi unit Uber Elevate to Joby Aviation
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Uber in advanced talks to sell air taxi unit: Axios
By Reuters Staff 1 Min Read FILE PHOTO: An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake (Reuters) – Uber Technologies is… Continue reading Uber in advanced talks to sell air taxi unit: Axios
Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, CFO, will participate in a fireside chat at the 2020 Barclays Global Technology, Media and Telecommunications Conference on Thursday, Dec 10, 2020. Mr. Chai is scheduled to appear at 8:00am ET (5:00am PT). A live webcast of the event will be available on… Continue reading Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
Uber officially completes Postmates acquisition
Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own branding and front-end – while some backend operations,… Continue reading Uber officially completes Postmates acquisition
Uber: Uber Completes Acquisition of Postmates
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations. As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S.… Continue reading Uber: Uber Completes Acquisition of Postmates
DoorDash aims to add $11 billion to its valuation during public offering
The delivery platform gave a range of $75 to $85 per share Alex Wilhelm 10 hours This morning, DoorDash filed a new S-1 document, this time updating the market about the price it expects to command during its public offering. The food-delivery giant gave a range of $75 to $85 per share, which would revalue… Continue reading DoorDash aims to add $11 billion to its valuation during public offering
India’s new ride hailing rules cap driver hours and limit surge pricing
Sponsored Links Manish Rajput/SOPA Images/LightRocket via Getty Images India is bringing app-based ride hailing services under dedicated regulation for the first time, and it might just set an example for other countries. TechCrunch reports the country has instituted guidelines that set expectations for both drivers and customers. Drivers can’t work more than 12 hours, for… Continue reading India’s new ride hailing rules cap driver hours and limit surge pricing
A leaked copy of Uber’s employee handbook reveals how the ride-hailing giant has grown up since Travis Kalanick joked about not being able to sleep with employees (UBER)
Business Insider obtained a copy of Uber’s employee handbook. The document illustrates the differences between the tones that CEO Dara Khosrowshahi and his predecessor, Travis Kalanick, set for the company’s culture. Are you a current or former Uber employee? Do you have an opinion about what it’s like to work there? Contact this reporter at mmatousek@businessinsider.com,… Continue reading A leaked copy of Uber’s employee handbook reveals how the ride-hailing giant has grown up since Travis Kalanick joked about not being able to sleep with employees (UBER)
US safety agency seeks input on autonomous vehicle rules
So far the NHTSA has taken a voluntary approach to autonomous vehicles without standards and regulations. DETROIT – The U.S. government’s road safety agency is asking for public comment on how it should regulate safe deployment of self-driving vehicles. Seeking public comment is an early step in drawing up possible regulations, but that process takes… Continue reading US safety agency seeks input on autonomous vehicle rules
Lime touts a 2020 turnaround and 2021 profitability
Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first —… Continue reading Lime touts a 2020 turnaround and 2021 profitability