Lizette Chapman

Business, Technology, Equipment, Autonomous

Uber-Backed Joby Aviation Goes Public; Share Price Slides

Joby 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.

Lizette Chapman | Bloomberg News
August 11, 2021
Business, Technology, Logistics

Uber’s Do-It-All Approach Stalls Pursuit of Profit

The Uber Eats application on a smartphone 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.

Lizette Chapman | Bloomberg News
August 5, 2021
Business, Technology

Uber Bookings Climb 24% on Strong Growth in Delivery

The Uber Technologies application on a smartphone 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.

Lizette Chapman | Bloomberg News
May 5, 2021
Business, Technology

Uber Taps SoftBank-Backed GoPuff to Expand Grocery Delivery

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.

Lizette Chapman | Bloomberg News
May 4, 2021
Business, Technology, Autonomous

Lyft to Sell Autonomous-Driving Unit to Toyota for $550 Million

Lyft driver hub building in San Francisco 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.

Lizette Chapman | Bloomberg News
April 26, 2021
Business, Technology

Uber to Buy Alcohol Delivery Startup Drizly for $1.1 Billion

Uber Gabby Jones/Bloomberg News

Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion.

Lizette Chapman | Bloomberg News
February 2, 2021
Government, Business, Technology

Uber CEO Threatens Future Shutdown in California Over Labor Law

Uber CEO Dara Khosrowshahi. 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.

Lizette Chapman | Bloomberg News
August 12, 2020
Business, Technology, Logistics

Uber to Sell Software, Starting With Four-Van Transit Service

The Uber car service application. 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.

Lizette Chapman | Bloomberg News
June 17, 2020
Business, Technology, Autonomous

Uber Cuts 3,000 More Jobs, Closes Offices Amid Pandemic Revamp

Uber said it would eliminate 3,000 more jobs and close some offices. (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.

Lizette Chapman | Bloomberg News
May 18, 2020
Business, Technology

Uber to Reduce Workforce by 14%, Signals Further Cuts

Uber said it would cut its workforce by 14% due to the coronavirus. 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.

Lizette Chapman | Bloomberg News
May 6, 2020

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