The company reaffirmed Q4 adjusted profit target, swung to positive net income thanks to investments Alex Wilhelm Kirsten Korosec 8 hours Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to… Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money
Tag: Uber
Uber: Uber Announces Results for Second Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2021. Financial Highlights for Second Quarter 2021 Gross Bookings grew 114% year-over-year (“YoY”) to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion (+184% YoY) and Delivery Gross Bookings of $12.9… Continue reading Uber: Uber Announces Results for Second Quarter 2021
Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Aug 3 (Reuters) – Lyft Inc (LYFT.O) on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of… Continue reading Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…
Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS/Mike Blake/File Photo Aug 2 (Reuters) – Ride hailing companies Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) promised Wall Street they would be back on the road to profitability and… Continue reading Autos & TransportationUber, Lyft seen boosted by return of riders, but driver shortage, stubborn virus cloud outlook3:03 PM UTC
Kodiak Robotics’ founder says tight focus on autonomous trucks is working
Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and small(er) is paying off. It… Continue reading Kodiak Robotics’ founder says tight focus on autonomous trucks is working
Uber: Additional research shows Uber’s role in reducing drunk driving nationwide
By: Kristin Smith, Head of Global Road Safety Policy Impaired driving is one of the deadliest crimes in America — approximately one-third of all traffic fatalities involve alcohol. We have seen the impact impaired driving has on communities and how ridesharing can help solve this problem. Last month, the Journal of American Medical Association published… Continue reading Uber: Additional research shows Uber’s role in reducing drunk driving nationwide
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber’s stock fell 4% on Thursday after CNBC reported SoftBank is offloading a large stake in the firm. The latest share sale could take SoftBank’s holdings in Uber to less than 100 million shares. Reports say the decision is unrelated to SoftBank’s $4 billion loss from its… Continue reading Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Joby Aviation, aiming to go to market in 2024, completes 154-mile test flight
Santa Cruz, California-based Joby Aviation has completed the longest test flight of an eVTOL to date: Its unnamed full-sized prototype aircraft concluded a trip of over 150 miles on a single charge, the company said Monday. The test was completed at Joby’s Electric Flight Base in Big Sur, California, earlier this month. It’s the latest… Continue reading Joby Aviation, aiming to go to market in 2024, completes 154-mile test flight
Uber’s trying no-meeting Mondays to give employees a break from ‘tiring’ back-to-back meetings, a leaked email reveals (UBER)
Uber has scheduled two “no-meeting” days this summer. “We know it can be tiring to have back-to-back meetings,” the company’s HR chief wrote in an email. The move comes as workers are spending more time in meetings. Uber has designated two Mondays this summer as meeting-free, chief people officer Nikki Krishnamurthy said in a company-wide… Continue reading Uber’s trying no-meeting Mondays to give employees a break from ‘tiring’ back-to-back meetings, a leaked email reveals (UBER)
Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Google’s self-driving division Waymo argued the UK shouldn’t restrict autonomous cars on the road. Its comments come as the UK consults on the regulation of driverless cars. Cars with some level of self-driving capabilities will be permitted on UK roads this year. Loading Something is loading. Waymo, the self-driving vehicles startup owned by Google, has… Continue reading Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road