Former Uber Technologies Inc. engineer Anthony Levandowski broke his long silence about allegations that he stole driverless vehicle technology from Alphabet Inc.’s Waymo unit to say that he didn’t do it.
September 25, 2019BusinessTechnologyAutonomous
China’s ‘Uber-for-Trucks’ Breaks Even En Route to IPO
China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sectorwide downturn.
September 13, 2019GovernmentBusiness
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, 2019GovernmentBusiness
Brazil Court Rules That Uber Drivers Are Independent Workers
Brazil’s 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, 2019GovernmentBusinessTechnologyEquipmentAutonomous
Uber CEO: It ‘Sure Looked Like’ Levandowski Took Google’s 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, 2019BusinessTechnology
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, 2019BusinessTechnologyLogistics
Uber to Cut About 400 Employees, Citing ‘Mediocre Results’
Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
July 29, 2019GovernmentBusinessTechnologyEquipment
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, 2019BusinessTechnology
Uber’s 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, 2019BusinessTechnologyAutonomous
Uber’s 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