A spokesperson from Fair said that an unexpected increase in insurance premiums would have increased prices for its rideshare driver customers. Photo via Uber. Fair, a car leasing company, has announced that it will end its Fair Go program that helped Uber rideshare drivers lease cars on a weekly basis, according to a report by… Continue reading Fair Ends Weekly Rentals for Uber Drivers
Tag: Uber
Uber claims top spot in Indian ride-hailing market
Uber facilitated 14 million rides a week in India last year, the American ride-hailing firm said as it claimed the tentpole position in the key overseas market. In a report (PDF) published on the sidelines of its quarterly earnings Thursday afternoon, Uber said that it commanded over 50% of the ride-hailing market in India — among… Continue reading Uber claims top spot in Indian ride-hailing market
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
Uber sees path to profit despite $1.1bn loss
Spending to expand its Uber Eats food delivery business impacted the firm’s bottom line. Go to Source
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