Uber News Updates

Business, Technology, Autonomous

Chinas Uber-for-Trucks Breaks Even En Route to IPO

Chinas Uber-for-trucks startup Full Truck Alliance said its weighing an initial public offering after breaking even from May, defying a sectorwide downturn.

September 13, 2019
Government, Business

Uber Braces for Fight Over Big Change to Gig-Economy Work Rules

Uber Technologies Inc. has generated billions of dollars from the labor of its drivers without the expense of treating them as employees. California is poised to disrupt that business model, and the ride-hailing behemoth is gearing up for a legal fight.

September 11, 2019
Government, Business

Brazil Court Rules That Uber Drivers Are Independent Workers

Brazils Superior Court ruled that drivers who provide services through the Uber Technologies Inc. app are independent from the ridehailing firm, a decision that may benefit the company by setting a precedent for similar cases in the country.

September 4, 2019
Government, Business, Technology, Equipment, Autonomous

Uber CEO: It Sure Looked Like Levandowski Took Googles Files

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said Aug. 29 that it sure looked like former executive Anthony Levandowski took information on self-driving cars from his former employer, Google.

August 29, 2019
Business, Technology

Uber Posts $5.2 Billion Loss in Q2

Uber Technologies Inc. declared its worst quarterly earnings, reporting a $5.2 billion net loss for the quarter ending June 30.

August 9, 2019
Business, Technology, Logistics

Uber to Cut About 400 Employees, Citing Mediocre Results

Uber Technologies Inc. said its cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.

July 29, 2019
Government, Business, Technology, Equipment

Uber Tries to Steer Its Vision of Flying Cars Through Regulators

Uber Technologies Inc. is bringing its vision of a Jetsons-like future of battery-powered flying vehicles for the masses to Washington, where it will have to persuade regulators to approve this new model for how aviation works. The company opened its two-day Uber Elevate Summit 2019 on June 11.

June 11, 2019
Business, Technology

Ubers Conservative IPO Valuation Faces Public Market Test

Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round.

May 10, 2019
Business, Technology, Autonomous

Ubers Investment in Autonomous Tech Tops $1 Billion Since 2015

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 Motors Co.

April 12, 2019
Business, Technology, Autonomous

Uber Contemplates Outside Investors for Autonomous Car Unit

Uber Technologies Inc. CEO Dara Khosrowshahi said it was possible the ride-hailing giant would look for outside investors for its self-driving car unit, but isnt currently searching for backers.

January 23, 2019