Uber News Updates

Uber Technologies said it has wound down its robotaxi offering with Alphabet's Waymo in Phoenix, the latest relationship twist between two companies.

The electric bike rental company is offering 6.7 million shares for $24 to $26 each, according to a filing June 22 with the SEC.

The move is a step toward Uber challenging Alphabet’s Waymo, which has also been a partner of the ride-hailer.

The changes come three weeks after Jill Hazelbaker was promoted to the expanded role of president and chief corporate affairs officer.

Big companies are goading workers to start using AI. Or they're gatekeeping access to it — the stance is evolving as computing costs mount.

In addition to building infrastructure for autonomous and ride-hail vehicles, the new company “expects to explore adjacent opportunities.” 

Lime has expanded aggressively in recent years, launching in more than 20 cities including Tokyo and Athens.

The ride-hailing service guided total gross bookings to between $56.25 billion and $57.75 billion for Q1, while analysts looked for $56.23 billion. 

The deal will expand Uber’s offerings targeting business executives and wealthy consumers, a fast-growing segment of the business.

Owners of diesel-powered vehicles have seen even steeper fuel price increases since the war started on Feb. 28.