China Regulators Looking at Uber-Didi Deal
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
Uber
The coming war between Uber and Google
When thinking about the future of transportation-as-a-service, it’s tempting to draw a straight line from UberX to Google self-driving cars. Indeed, Google is reportedly extending a program it began piloting to all San Francisco area […]
Visa, Uber team up on rewards program
Uber users can earn free rides by making purchases from nearby merchants under a rewards program. Each dollar spent on a Visa card at a participating business earns an “Uber point” under the Local Offers […]
Uber’s path to IPO could be rocky
Uber’s $69 billion valuation and large quarterly losses will make for a difficult initial public offering, John Divine argues. The company is valued at about 17.9 times sales, and it would presumably seek an even […]
Tesla and Uber, a strong competition?
By Tristan Van Iersel. We already knew Uber’s intention to eventually replace its drivers, who take 80% of what riders pay, with fully autonomous cars. The interesting pieces are: Partner choice: The Swedish carmaker, and […]
Uber has reportedly lost more than $1.2 billion in the first half of 2016
Uber (Private:UBER) has reportedly generated losses of almost $1.3 billion in the first half of the year. The company has been valued at more than $60 billion, and even as high as $69 billion, according […]
Uber grows Q2 bookings but fails to stay profitable in the US
Uber reportedly lost more than $750 million in the most recent quarter, including $100 million domestically after a first-quarter profit in the US. Driver subsidies accounted for most of Uber’s losses, according to the company, […]
Lyft reportedly struggles in search for buyer
Ride-hailing startup Lyft has approached several companies, including General Motors, Google, Apple, Amazon and Didi Chuxing, about buying it, sources say. The talks with General Motors got further than those with the other companies but […]
Uber gets ready to roll out self-driving cars
Uber customers in Pittsburgh will be able to have self-driving cars pick them up starting this month. The cars feature cameras, GPS receivers and other types of sensors, and they will be monitored by a […]
Federal Court “Uber should classify its drivers as employees”
A federal judge has determined that a proposed $100 million settlement between Uber and its drivers is “not fair, adequate, and reasonable.” The class-action suit argued that Uber should classify its drivers as employees, and […]