Tag: Uber

Uber’s new roadmap to profitability draws Wall Street praise

(Reuters) – Shares of Uber Technologies Inc (UBER.N) rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability. FILE PHOTO: File photo: The company logo for… Continue reading Uber’s new roadmap to profitability draws Wall Street praise

Ride-share startup HopSkipDrive raises $22 million to focus on school transportation

It’s no secret that it’s hard to make the economics work at drive-share companies. That may explain the success to date of HopSkipDrive, a six-year-old, L.A.-based company that pairs drivers with both families but also, crucially, school districts. Specifically, the now 100-plus person company has deals in place with school districts in 13 markets across… Continue reading Ride-share startup HopSkipDrive raises $22 million to focus on school transportation

Shrunken unicorn Fair cancels car leasing to Uber drivers

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an… Continue reading Shrunken unicorn Fair cancels car leasing to Uber drivers

Uber: Uber Announces Results for Fourth Quarter and Full Year 2019

SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the fourth quarter and full year ended December 31, 2019. Financial Highlights for Fourth Quarter 2019 Gross Bookings grew $4.0 billion year-over-year to $18.1 billion, representing 28% year-over-year growth, or 30% on a constant currency basis, with Rides and Eats growing 20% and… Continue reading Uber: Uber Announces Results for Fourth Quarter and Full Year 2019

Uber can resume testing its self-driving cars in California

Sponsored Links ERIC BARADAT via Getty Images Uber started scaling back its self-driving car tests after one of its vehicles hit and killed a pedestrian in March of 2018. While the company doesn’t seem primed to unleash a fleet of autonomous cars, it has been granted a new permit to resume testing in California. San… Continue reading Uber can resume testing its self-driving cars in California

CORRECTED-UPDATE 1-Uber wins appeal in Brazil, court says drivers are not employees

FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, September 30, 2019. REUTERS/Mike Blake/File Photo SAO PAULO (Reuters) – A higher court for labor in Brasilia ruled on Wednesday that there was no employment relationship between Uber and its drivers, siding with the ride-hailing company against a Sao Paulo driver. The judge… Continue reading CORRECTED-UPDATE 1-Uber wins appeal in Brazil, court says drivers are not employees

ClearMetal Raises $15M in Funding

ClearMetal, a San Francisco, CA-based Continuous Delivery Experience (CDX) platform, received an additional $15m in funding. The round, which brought the total capital raised to date to more than $31m, was led by Eclipse Ventures, with participation from Prelude Ventures, Innovation Endeavors, NEA, SAP.io, Prologis, PSA Unboxed, DCLI, and the founders of GT Nexus, Navis,… Continue reading ClearMetal Raises $15M in Funding

UPDATE 1-Uber ready to take dispute with Colombia to international arbitration -regional manager

BOGOTA (Reuters) – Uber (UBER.N) has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company’s general manager for Latin America told Reuters on Monday. A billboard that reads “Goodbye Colombia, A solution for Uber now” is seen in Bogota, Colombia, January 30, 2020. Picture taken… Continue reading UPDATE 1-Uber ready to take dispute with Colombia to international arbitration -regional manager

Hyundai Motor America Reports January 2020 Sales

FOUNTAIN VALLEY, Calif., Feb. 3, 2020 /PRNewswire/ — Hyundai Motor America reported total January sales of 42,744 units, a 5% increase in comparison with January 2019. The January sales result is the 16th time in the last 18 months that Hyundai has had increasing overall vehicle sales. Additionally, Hyundai achieved this overall sales growth while reducing… Continue reading Hyundai Motor America Reports January 2020 Sales