Uber Revives Self-Driving Taxi Dreams, Plans to Start This Year
Uber Technologies Inc. inked a deal with Motional Inc. to offer driverless deliveries and rides, rekindling its vision of a self-driving taxi fleet nearly two years after it sold its autonomous vehicle division.
Uber Soars After Beating Estimates as Ridership Defies Inflation
Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.
Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.
Yandex Buys Uber Out of Food-Delivery, Self-Driving Venture
Yandex NV is buying out Uber Technologies Inc.’s shares in its food tech, delivery and self-driving businesses in an all-cash deal valued at $1 billion.
Uber Taps SoftBank-Backed GoPuff to Expand Grocery Delivery
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.
Ryder, Uber Achieve Service Milestone
Ryder System Inc., which offers supply chain, dedicated transportation and commercial fleet management services, announced its 100,000th ride using Uber for Business to access transportation for drivers and technicians to and from both Ryder and customer locations.
June 19, 2020Uber-Grubhub Deal Hinges on Breakup Fee, Sources Say
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
May 29, 2020Uber Fails to Block California Gig-Worker Law for Its Drivers
Uber Technologies Inc. failed to persuade a judge to shield its drivers from California’s gig-worker protection law while the company challenges the landmark measure in court.
Uber Urges California Court to End AB 5
Uber Technologies Inc. wants to smother what the company calls California’s “Frankenstein” gig-worker protection law before state officials turn it loose.
Uber’s Travis Kalanick to Leave Board to Focus on New Business
Uber Technologies Inc.’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups.