Tag: Uber

January 26, 2024

Are you one of the select businesses that qualifies for $100K in grants? You could be, so make sure to apply as soon as possible if you happen to be one of these small business owners. The key to improving […]

March 10, 2022

People in 15 cities across the United States and Mexico are now able to use the Uber app to browse and book experiences such as dinner reservations and live events. Uber Adding Restaurant Reservations and Event Tickets Sales for Businesses […]

October 1, 2019

Uber, Lyft and DoorDash are prepared to spend a collective $90 million against a bill that would recognize their drivers as employees rather than independent contractors, the Associated Press reported Thursday. The California bill, AB 5, would change what factors […]

September 24, 2018

Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices. Uber sold its Southeast Asian business to bigger regional rival […]

July 9, 2018

Uber and Lyft are reportedly interested in acquiring Skedaddle, the crowdsourced bus startup, according to TechCrunch. Skedaddle, which was founded in 2015, enables individuals to charter private bus rides for long distances, generally for events like music festivals, via a […]

August 28, 2017

There’s never been a better time to blaze a trail as an entrepreneur. Smart-device apps make it even easier to get in contact, stay organized and more. Evernote, Audible and TripIt make the lists of many side-hustlers. But there also […]

June 23, 2017

A California state judge said on Thursday that San Francisco can demand from Uber records containing the ride-hailing company’s driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber […]

May 5, 2017

The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said. Uber has acknowledged the software, known […]

April 25, 2017

U.S. ride-hailing app Uber told Europe’s top court on Monday that it was a digital service, not a transport service, and that a French law clearly targeted online taxi services, in its latest European legal battle with the taxi industry. […]

January 11, 2017

Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber this past summer, according to people with knowledge of the matter. Led by Morgan Stanley, the banks helped the ride-sharing network […]

September 28, 2016

With its recent acquisition of self-driving truck startup Otto, Uber is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet […]

September 2, 2016

Uber Technologies has filed an $8 million building permit with the City of Oakland to undergo heavy-duty renovations on the old Sears building that will house its new corporate headquarters. The ride-services giant filed the permit on Tuesday, according to […]

August 26, 2016

Ride-hailing giant Uber lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter. The subsidies Uber grants its drivers was the main […]

August 19, 2016

Here’s why Uber is so unbelievably aggressive: Its CEO believes he’s playing a zero-sum game. On Thursday, the ride-hailing company announced it has signed a $300 million deal with Volvo and acquired Otto, a young startup developing self-driving technology for […]

August 8, 2016

I’d be lying if I said my week didn’t start off with a bang when rumors surfaced—and were soon confirmed—that Uber was selling off its Chinese business to local rival Didi Chuxing in a $35 billion deal. If you need […]

July 15, 2016

Internet-based taxi service Uber, already a byword for disrupting established industries, has also confounded lenders in the leveraged loan market accustomed to mature and staid companies with its $1.15 billion term loan. The deal had a number of unique elements […]

July 12, 2016

In the months since blood testing company Theranos started facing serious questions about its technology, another big question has emerged: How on earth did it manage to raise $400 million in funding at a $9 billion valuation? “It’s probably not […]

February 12, 2016

Ever since emerging from Silicon Valley in 2011, startups around the world have looked to model themselves on Uber‘s success. Aside from being an on-demand transportation service, Uber could be considered the epitome of what a lean startup is. Ventureburn […]