Popular food delivery service Postmates is in the process of merging with Uber in a blockbuster $2.65 billion deal that would see it join forces with its food delivery competitor, Uber Eats. The deal remains under antitrust scrutiny, and has not yet been approved for closing. The deal is expected to close in the first… Continue reading Postmates cuts losses in Q2 as it heads towards tie-up with Uber
Tag: Uber
@VW Group: Volkswagen and Uber launch pilot project with electric vehicles in Berlin
Yesterday, Volkswagen together with the intermediation platform Uber, launched a pilot project for the utilization of electric vehicles within the sustainable ride hailing service “Uber Green”. Within the framework of a virtual event, Uber hire car partners informed themselves about the background and possibilities of the cooperation. With the e-Golf, they now have a locally… Continue reading @VW Group: Volkswagen and Uber launch pilot project with electric vehicles in Berlin
Uber unit Careem sees speedier-than-expected recovery
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
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