And how the debt burden is only going to get bigger. Go to Source
Tag: Uber
Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
SAN FRANCISCO — Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus on Thursday. The offering, which could value Uber at around $100 billion, is expected to reverberate through global financial markets… Continue reading Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing
Uber has already made billions from its exits in China, Russia and Southeast Asia
Uber’s exits from China, Russia and Southeast Asia were billed as failures from the company, but the ride-sharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S1 on Thursday U.S. time and reporters and analysts are frantically digging into a treasure trove of previously-unreleased… Continue reading Uber has already made billions from its exits in China, Russia and Southeast Asia
Equity Shot: A deep dive into the Uber S-1
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It’s time for another Equity Shot, a quick-take episode centered around a breaking news event. This time, as you already guessed, Kate Clark and I sat down to dig into the Uber S-1. It’s a huge, complex document,… Continue reading Equity Shot: A deep dive into the Uber S-1
Uber spent $457 million on self-driving and flying car R&D last year – TechCrunch
Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs” and will continue to invest heavily in the futuristic tech even though it expects to rely on human drivers for years to come, according to the company’s IPO prospectus filed Thursday. R&D costs… Continue reading Uber spent $457 million on self-driving and flying car R&D last year – TechCrunch
Uber Has Spent More Than $1 Billion on Driverless Cars – Bloomberg
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
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