Uber Has Spent More Than $1 Billion on Driverless Cars Bloomberg Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General … Go to Source Go to Source
Tag: Uber
Uber is dishing out ‘appreciation awards’ up to $10K to let prolific drivers buy stock
As Uber gears up for its highly anticipated public debut, the company is setting aside some dough for drivers that have logged some serious rides on the platform as a reward for sticking with the service. The company follows Lyft, which also rewarded drivers with one-time cash bonuses during its public offering. The company is… Continue reading Uber is dishing out ‘appreciation awards’ up to $10K to let prolific drivers buy stock
Uber files for IPO
Uber has filed its S-1, setting the stage for the transportation company to go public next month. This comes less than one month after competitor Lyft’s debut on the public market. Uber is listing under the New York Stock Exchange under the symbol “UBER,” but has yet to disclose the anticipated initial public offering price.… Continue reading Uber files for IPO
In IPO, Uber reveals 91 million users but slowing growth
NEW YORK (Reuters) – Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed… Continue reading In IPO, Uber reveals 91 million users but slowing growth
In brief: Ola founder at odds with SoftBank over Uber, sources say
Bhavish Aggarwal is tapping other investors out of concern that the Japanese tech giant may try to force a merger with archrival Uber. Go to Source
In brief: Uber’s Hong Kong taxi-hailing service notches up 180,000 rides in first month
“The business is growing very nicely,” according to Uber – though it accounts for less than 1% of monthly taxi trips in the city. Go to Source
Ford CEO says the company ‘overestimated’ self-driving cars
Ford CEO Jim Hackett scaled back hopes about the company’s plans for self-driving cars this week, admitting that the first vehicles will have limits. “We overestimated the arrival of autonomous vehicles,” said Hackett, who once headed the company’s autonomous vehicle division, at a Detroit Economic Club event on Tuesday. While Ford still plans on launching… Continue reading Ford CEO says the company ‘overestimated’ self-driving cars
Ford CEO confession: We “overestimated” the arrival of self-driving cars – Fast Company
“We overestimated the arrival of autonomous vehicles,” he said, adding that “its applications will be narrow, what we call geo-fenced, because the problem is so complex.” He still thinks that self-driving cars will arrive eventually, and that they will change the world. Ford has pledged to invest $1 billion in Argo AI, an artificial intelligence… Continue reading Ford CEO confession: We “overestimated” the arrival of self-driving cars – Fast Company
Uber trims valuation by $30bn ahead of float – The Telegraph
Uber has trimmed its potential valuation by up to $30bn (£23bn) ahead of a much-anticipated initial public offering, as a lacklustre listing by rival firm Lyft has led the taxi-hailing app to cut back its estimates. Investment bankers and analysts have previously estimated Uber to go public at a valuation of up to $120bn in… Continue reading Uber trims valuation by $30bn ahead of float – The Telegraph
Uber is expected to seek $10 billion in IPO
Uber is reportedly making its S-1 publically available tomorrow, according to Reuters. According to the IPO paperwork, Uber will sell around $10 billion worth of stock, Reuters sources say. If true, Uber’s IPO would be one of the G.O.A.T. (greatest of all time) in the tech industry since Alibaba’s 2014 IPO. While previous reports have… Continue reading Uber is expected to seek $10 billion in IPO