Uber News
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Uber suffered another significant drop in its share price, following its low-end IPO launch. The taxi company's performance came amid a global stock market fall, driven by tensions between the U.S. and China over trade.
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Uber has grown to dominate the ride-hailing business but it's IPO has not been well-received by Wall Street. Uber pitched its shares at the lower end of expectation, but the share price still fell by 8 percent after just one day of trading.
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By AFP
Washington -
One of the early promises of the ride-hailing era ushered in by Uber and Lyft was that the new entrants would complement public transit, reduce car ownership and help alleviate congestion.
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By AFP
Sydney -
Global ride-sharing firm Uber on Friday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia.
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By AFP
San Francisco -
Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing.
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By AFP
San Francisco -
Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday.The deal, expected to be announced Tuesday, will see Uber pay $1.
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By AFP
Paris -
Ride-hailing giant Uber said Friday that it would appeal a fresh legal setback in Europe after a French court ruled a former driver who sued the firm effectively had a work contract, potentially undermining a pillar of the US group's business model.
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By AFP
Paris -
Ride-hailing giant Uber has lost an appeal in France brought by a former driver who wanted his terms of employment recognised as a fully-fledged work contract.
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By AFP
Madrid -
Hundreds of drivers for ride-hailing services Uber and Cabify marched down a central Madrid avenue on Thursday to protest plans by the Spanish government to tighten regulations in the sector.The demonstrators chanted "Let us work!
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Grab announced $2 billion in new capital from their two-part Series H round. Since striking a deal to get Uber out of Southeast Asia, what does the company have planned for this funding?
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By AFP
Madrid -
Spanish taxis late on Wednesday called off their days-long strike against online ride-hailing services like Uber after Madrid agreed to let regional governments regulate the sector.
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During a July 24th hearing in front of the House Committee on Science, Space & Technology, Eric Allison, the head of aviation programs at Uber, gave a testimony about Uber's plans for flying cars.
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By AFP
San Francisco -
Uber on Monday said it is hitting the brakes on self-driving trucks, shifting gears to focus just on autonomous cars.
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By AFP
Apo -
Thousands of Airbnb reservations scrapped, Uber reduced to delivering food: life is hard in Japan for giants of the sharing economy, stuck between tough regulation and popular suspicion.
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By AFP
London -
Uber won a legal bid on Tuesday to restore its operating licence in London after a judge overturned an earlier decision and granted the ride-hailing app a 15-month permit.
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One year after joining the ride-sharing giant, Bozoma Saint John has left her position as chief branding officer at Uber to pursue the chief marketing officer role at entertainment conglomerate Endeavor.
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Jeff Holden, Uber's chief product officer — and the leader of the company's flying car effort, Elevate — has stepped down.
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By AFP
Istanbul -
Istanbul's bright yellow taxis, ubiquitous and perennially honking for custom, appear ingrained in the daily life of the Turkish metropolis.But could the fast-growing ride sharing app Uber make them a thing of the past?
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By AFP
Washington -
Uber said Wednesday it plans to add mass transit, bike-sharing and other options to its mobile app, as it unveiled a vision for urban transport that goes well beyond its core ridesharing offer.
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By AFP
Luxembourg -
The EU's top court on Tuesday dealt another blow to US ridesharing giant Uber by backing the right of France and other member states to ban an illegal taxi service without notifying Brussels regulators.
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By AFP
Luxembourg -
The EU's top court on Tuesday backed the right of member states like France to ban a service by ridesharing firm Uber without notifying Brussels, in a fresh setback to the US giant.
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By AFP
Apo -
Hundreds of taxis brought traffic to a standstill in Brussels on Tuesday to protest proposed government reforms said to favour ride-hailing competitors like Uber.
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Uber’s food delivery service UberEATS is set to expand to over 100 cities throughout Europe, the Middle East, and Africa. This appears to be a new priority for the company, with its taxi service already established.
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By AFP
Washington -
Dashcam footage of the first fatal self-driving car crash involving a pedestrian shows the Uber vehicle operator appearing to be distracted, then gasping in horror seconds before the impact.
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Tempe -
Sylvia Moir, the police chief of Tempe Arizona told the San Francisco Chronicle that it was unlikely that Uber was at fault in a deadly accident involving a self-driving car that killed a woman on Sunday evening in the city.
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By AFP
San Francisco -
Ride-sharing giant Uber said Monday it is suspending use of self-driving cars after one of the vehicles struck and killed a pedestrian in the US state of Arizona.
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Tempe -
A self-driving Uber SUV struck and killed 49-year-old Elaine Herzberg as she walked her bicycle across a street in Tempe, Arizona, Sunday night, according to the police.
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By AFP
San Francisco -
Ride-sharing giant Uber said Monday it is suspending its self-driving car program after one of the vehicles struck and killed a pedestrian in the US state of Arizona.
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By AFP
Istanbul -
An Istanbul court on Monday began hearing a case against Uber brought by the city's taxi drivers seeking to have the ride-hailing app blocked, as tensions mount in Turkey over its popularity.
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By AFP
Atenas -
Greek commuters saw journeys disrupted Monday as taxi drivers downed tools to protest at competition from ride-sharing firm Uber on a day rail workers also held a 24-hour strike.
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Uber Image
From 2019 forward, Volvo will only manufacture partially or completely battery-powered cars. Insurance Institute for Highway Safety
Uber and Taxis in São Paulo Núcleo Editorial
Transportation app Uber is seen on the iPhone of limousine driver. With permission by Reuters/Lucy Nicholson
Steven Hill's book "Raw Deal, How the 'Uber Economy' and Runaway Capitalism Has Screwed The American Worker, is also available in ebook format.
Shervin Pishevar, Managing Director, Menlo Ventures OFFICIAL LEWEB PHOTOS
First electric Passenger Drone: Ehang 184. Rob Clapp
Place des Arts, Montreal. Jeangagnon
An Uber ride in Bogotá, Colombia. Alexander Torrenegra (CC BY 2.0)
Anthony Levandowski (right) speaking at an autonomous trucking panel at MCE 2016. Transport Topics
Leigh Cameron (left) reconsiders her old flame, Beck Taxi (Kevin Whalen), in Second City's "The Hotline Always Blings Twice". Racheal McCaig
Bozoma Saint John has left Uber. Tech Crunch
A self driving Volvo XC90 outside 737 Harrisonn in San Francisco, Calif., the unmarked headquarters of Otto, an autonomous trucking company acquired by Uber in 2016. Dilu
Uber drivers in the United States, Australia and New Zealand can now tune in to Pandora stations while they drive.
Travis Kalanick, CEO, Uber, speaking at an event in Munich, Germany. Dan Taylor
2016 Volvo XC90 SUV. Insurance Institute for Highway Safety
California State Assemblyman Evan Low addresses those gathered at the State Assembly hall in Sacramento. Courtesy of CA State Assemblyman Evan Low
SETTLED: An Uber car with markings from three rideshare company signs waits for its next driving assignment in Venice, Calif., in 2014. Colin@TheTruthAbout / Wikimedia Commons
Travis Kalanick, CEO, Uber PC Magazine
A Nissan LEAF vehicle recharging in Amsterdam, the Netherlands. Bontenbal
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