Lizette Chapman
Uber-Backed Joby Aviation Goes Public; Share Price Slides
A model of Joby's air taxi EVTOL is seen in a press photo. (Joby Aviation via Bloomberg News)
Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.
August 11, 2021Uber’s Do-It-All Approach Stalls Pursuit of Profit
The Uber Eats application on a smartphone. (Tiffany Hagler-Geard/Bloomberg News)
Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.
August 5, 2021Uber Bookings Climb 24% on Strong Growth in Delivery
The Uber Technologies application on a smartphone. (Tiffany Hagler-Geard/Bloomberg News)
Uber Technologies Inc. reported a 24% increase in gross bookings in the first quarter, driven by continued growth in the delivery business.
May 5, 2021Uber Taps SoftBank-Backed GoPuff to Expand Grocery Delivery
A grocery delivery. ( FilippoBacci/Getty Images)
Uber Technologies Inc. will vastly expand grocery delivery in the U.S. this summer through a partnership with GoPuff, a fast-growing delivery startup and the owner of the liquor store chain BevMo!, the companies plan to announce May 4.
May 4, 2021Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million
The Lyft driver hub building in San Francisco. (David Paul Morris/Bloomberg News)
Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing.
April 26, 2021Uber to Buy Alcohol Delivery Startup Drizly for $1.1 Billion
Gabby Jones/Bloomberg News
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion.
February 2, 2021Uber CEO Threatens Future Shutdown in California Over Labor Law
Uber CEO Dara Khosrowshahi. (Akio Kon/Bloomberg News)
Dara Khosrowshahi, CEO of Uber Technologies Inc., threatened to temporarily shut down service in California if it loses a drawn-out fight over a state law seeking to reclassify contractors as employees.
August 12, 2020Uber to Sell Software, Starting With Four-Van Transit Service
The Uber car service application. (Victor J. Blue/Bloomberg News)
Uber Technologies Inc. is getting into software. The company is making the technology that powers its ride-hailing business available to others, starting with public transit agencies.
June 17, 2020Uber Cuts 3,000 More Jobs, Closes Offices Amid Pandemic Revamp
(Victor J. Blue/Bloomberg News)
Uber Technologies Inc. eliminated an additional 3,000 jobs May 18, is closing dozens of offices worldwide and is shutting down many side projects in an effort to weather the coronavirus pandemic that has devastated the ride-hailing business.
May 18, 2020Uber to Reduce Workforce by 14%, Signals Further Cuts
Uber said it would cut its workforce by 14% due to the coronavirus. (Victor J. Blue/Bloomberg News)
Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.
May 6, 2020