Uber’s $3.1 billion acquisition of Careem, a major rival in the Middle East, closed on Friday after being announced in March. For Uber, it’s a way to buy dominance in a fiercely competitive region. Careem has built a moat to keep out Western competition, founder and CEO Mudassir Sheikha told Business Insider in a 2018… Continue reading Careem’s CEO ribbed Uber for making a rookie error in the Middle East. Uber just paid $3.1 billion to buy it.
Tag: Uber
Uber: Uber Completes Acquisition of Careem
SAN FRANCISCO & DUBAI–(BUSINESS WIRE)–Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made… Continue reading Uber: Uber Completes Acquisition of Careem
Thousands Of Rideshare Drivers In US Reportedly Not Getting Paid – CBS Sacramento
SACRAMENTO (CBS13) – It’s a fare freeze. Some Sacramento-area Uber and Lyft drivers are saying they’re not getting paid. The Representatives Uber and Lyft attribute this to a technical problem with a third-party company which was closed for the holiday. We spoke with some drivers about trying to get their money back. “I know there’s… Continue reading Thousands Of Rideshare Drivers In US Reportedly Not Getting Paid – CBS Sacramento
LA may force Uber to use electric vehicles, mayor says
Eric Garcetti says cities must take decisive action on climate change Go to Source
Uber just quietly bought 600 acres of land to build a new test track for self-driving cars in Pittsburgh (UBER)
An Uber affiliate has purchased nearly 600 acres of land near Pittsburgh to test self-driving-car technology. The purchase marks the company’s latest expansion of its autonomous-driving efforts, which it resumed testing on public roads in Pittsburgh in December last year after suspending the program for nine months following a fatal accident in Arizona. “I can… Continue reading Uber just quietly bought 600 acres of land to build a new test track for self-driving cars in Pittsburgh (UBER)
Travis Kalanick to leave Uber before January 2020
Travis Kalanick, co-founder of Uber at the Startup India meet in New Delhi in 2016 (Image credits: PIB) Uber Technologies has confirmed that Travis Kalanick will no longer be a part of the company’s Board of Directors after December 31, 2019. Kalanick co-founded Uber along with Garrett Camp in 2009 and was launched in 2010… Continue reading Travis Kalanick to leave Uber before January 2020
Daily Crunch: Travis Kalanick is leaving Uber’s board
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Uber founder Travis Kalanick is leaving the company’s board of directors Uber founder and former CEO Travis Kalanick will officially resign… Continue reading Daily Crunch: Travis Kalanick is leaving Uber’s board
Uber: Travis Kalanick to Depart Uber Board of Directors
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that Travis Kalanick will resign from the company’s Board of Directors, effective December 31, 2019, to focus on his new business and philanthropic endeavors. “Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I’m enormously grateful for Travis’ vision and tenacity… Continue reading Uber: Travis Kalanick to Depart Uber Board of Directors
German Court Bans Uber
Uber has not yet said if it will appeal the decision. Photo via Uber. A regional German court has ordered Uber to stop sending ride-hailing requests to rental car companies via its app, citing competition violations, TechCrunch reports. In Germany, Uber works exclusively with professional and licensed private-hire vehicle (PHV) companies. PHV drivers and their cars… Continue reading German Court Bans Uber
Judge strikes down NYC law limiting Uber and Lyft driver cruising time
Sponsored Links Uber and Lyft have won a major legal battle in one of their most important US markets. On Monday, a state judge ruled that a New York City law designed to control how much time ride-hailing drivers can spend looking for passengers was “arbitrary and capricious,” reports Reuters. Had the law gone into… Continue reading Judge strikes down NYC law limiting Uber and Lyft driver cruising time