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Uber Technologies

Zomato share price plunges 7% on reports of Uber stake sale

Zomato share price plunges 7% on reports of Uber stake sale

Wed, Aug 03, 2022

During intraday, shares of Zomato Ltd fell up to 6.8% on Aug 3, in their biggest drop in more than a week, a day after reports said that Uber Technologies planned to sell its entire stake in the Indian food delivery firm.

Uber may offer courier services for retail business - CEO Khosrowshahi

Uber may offer courier services for retail business - CEO Khosrowshahi

Thu, Dec 05, 2019

"We can extend that (food delivery) model to essentially every single local retailer, so that anything you want in New York City can be delivered to you, hopefully in under 30 minutes," Khosrowshahi said, when asked about the future of Uber`s business.

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Fri, May 31, 2019

Shares rose 2.6% following a conference call with executives in which Chief Executive Dara Khosrowshahi cited business improvements, such as fewer consumer promotions in the second quarter, but called 2019 an "investment year."

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Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit

Fri, Apr 12, 2019

Although its user base includes customers of other services and ride-sharing, the number is nearly five times the 18.6 million announced by rival Lyft Inc. Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year.

Uber IPO filing: 4 measures to look out for Lyft IPO

Uber IPO filing: 4 measures to look out for Lyft IPO

Thu, Apr 11, 2019

Uber Technologies Inc initial public offering (IPO) filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month.

Uber confidentially filed for IPO? Here are details

Uber confidentially filed for IPO? Here are details

Sat, Dec 08, 2018

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.

Nvidia partners with Uber, Volkswagen in self-driving technology

Nvidia partners with Uber, Volkswagen in self-driving technology

Mon, Jan 08, 2018

The company, which already has partnerships in the industy with companies such as carmaker Tesla and China`s Baidu, makes computer graphics chips and has also been expanding into technology for self-driving cars.

Uber's use of encrypted messaging may set legal precedents

Uber's use of encrypted messaging may set legal precedents

Sat, Dec 02, 2017

The revelations Tuesday and Wednesday about the extensive use of Wickr inside Uber upended the high-stakes legal showdown with Alphabet`s Inc Waymo unit, which accuses the ride-hailing firm of stealing its self-driving car secrets.

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Wed, Nov 29, 2017

The deal is Uber`s first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main regional rival Grab which has its own e-wallet service.

U.S. prosecutors'' letter spurred orders in self-driving car lawsuit

U.S. prosecutors'' letter spurred orders in self-driving car lawsuit

Sun, Nov 26, 2017

U.S. District Judge William Alsup in San Francisco disclosed on Wednesday that he had received a letter from Justice Department attorneys about the case, which is set for trial in December. The judge did not reveal the letter`s contents.

More Uber woes: Exec resigns, investor sues ousted CEO

More Uber woes: Exec resigns, investor sues ousted CEO

Fri, Aug 11, 2017

Ryan Graves told Uber staff in an email yesterday that he will transition out of his role as senior vice president of global operations in mid-September. Graves will remain on Uber's board.

Uber posts $708 million loss, finance head leaves - WSJ

Uber posts $708 million loss, finance head leaves - WSJ

Thu, Jun 01, 2017

Uber`s first-quarter loss, excluding employee stock compensation and other items, was $708 million, narrower than the $991 million reported three months earlier, the Journal said.

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