Uber posted losses of $1 billion on revenue of $3.1 billion for the first quarter of 2019 in what was the company’s first earnings report as a public company. Gross bookings rose 34% to $14.6 billion in the same time period, as Uber Eats continued to show notable growth. Amid both positive and negative stock… Continue reading Uber lost another $1B last quarter
Tag: Uber
UPDATE 2-Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%
SAN FRANCISCO/BENGALURU (Reuters) – Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service’s forecasts. FILE PHOTO: Logo of the Uber is seen on a smartphone screen as a picture of stock exchange graph… Continue reading UPDATE 2-Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%
SoftBank’s Vision Fund plans to borrow $4b against Uber equity stake
SoftBank Group Corp.’s Vision Fund plans to borrow about $4 billion against its equity stakes in Uber Technologies Inc. and other startups, according to a report in the Financial Times. The fund is discussing the loan with banks including Goldman Sachs Group Inc. and would use as collateral its holdings in Guardant Health Inc. and… Continue reading SoftBank’s Vision Fund plans to borrow $4b against Uber equity stake
Uber will start deactivating riders with low ratings
Uber is now requiring the same good behavior from riders that it has long expected from its drivers. Uber riders have always had ratings, but they were never really at risk of deactivation — until now. Starting today, riders in the U.S. and Canada are now at risk of deactivation if their rating falls significantly… Continue reading Uber will start deactivating riders with low ratings
Toyota may invest about $550m in Chinese ride-hailing firm Didi
A Toyota Motor Corp. badge is displayed on the wheel hub of a vehicle inside the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Friday, Feb. 3, 2017. Photographer: Kiyoshi Ota/Bloomberg Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant… Continue reading Toyota may invest about $550m in Chinese ride-hailing firm Didi
Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei
TOKYO, May 29 (Reuters) – Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan’s top automaker was also looking to set up a new mobility-services company in China, the Nikkei said. Toyota has made large investments in other… Continue reading Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei
India’s Ather Energy raises $51 million to grow its electric scooters business
There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. The rest of the money was provided by Hero MotoCorp, which added $19 million… Continue reading India’s Ather Energy raises $51 million to grow its electric scooters business
Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which… Continue reading Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval
Aurora Buys High Performance LIDAR Firm Blackmore, A Vote For LIDAR, Almost In Rebuke To Elon Musk – Forbes
LIDAR point clouds including velocity from Doppler shift Blackmore/Aurora Aurora, the high-flying robocar startup founded by Chris Urmson of Waymo/Google, Sterling Anderson of Tesla and Drew Bagnell of Uber has used its super-high valuation money to purchase Blackmore, an FMCW LIDAR company based in Bozeman, Montana. That’s a strong expression of support for the value… Continue reading Aurora Buys High Performance LIDAR Firm Blackmore, A Vote For LIDAR, Almost In Rebuke To Elon Musk – Forbes
Uber launches a Jump e-bike pilot in London, one year on from winning taxi license appeal
After admitting it had to modify some of its Jump electric bikes to fix braking issues — the same problem that had halted Lyft’s e-bike business — Uber is getting back on its bike, so to speak. Almost one year after nearly getting driven off London’s streets completely by losing its taxi operating license, Uber… Continue reading Uber launches a Jump e-bike pilot in London, one year on from winning taxi license appeal