It’s end of a sweet ride for Uber, says SoftBank’s Vision Fund
SoftBank Vision Fund’s loss of $17.7 billion last year had a lot to do with Uber’s botched IPO and the pandemic that brought the demand for ride-sharing to a standstill.
Uber earns magnum profits in delivery business; losses in ride sharing
Uber revenue fell by 29% as the ride-sharing company’s gross mobility bookings reduced to 73% year-on-year due to the pandemic.
Uber Withdraws 2020 Guidance Due To Pandemic
Uber has withdrawn its 2020 financial guidance report saying that the Covid-19 coronavirus pandemic has made it difficult to predict how the market will playout for the company. â€
Uber welcomes $2 trillion stimulus package with benefits for contract workers
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Uber stripped off its London license over safety issues
Transport for London (TFL) has clearly stated that Uber will not be granted a new license to operate in London after repeated failures of the company in offering safety. Uber has a
Uber loses $1 billion in 1st Quarter, plans to cut incentives
Uber Technologies first quarterly report, as a public company, indicates that the ride-hailing giant spent 20 percent of its revenue rebuilding its food delivery and freight busine
Uber vs Lyft: Whose IPO will set stocks soaring?
Uber and Lyft have hinted for months that they’ll go public in 2019. What came as a surprise was reports of Uber confidentially filing last week which indicate the IPO could come
Uber confidentially files for IPO in a race against Lyft to tap investors
Ride-hailing giant Uber Technologies has filed confidential paperwork for its initial public offerings, WSJ reports, as the ridesharing startup races against rival Lyft to first en
Uber to Offer High-Performing Drivers More Attractive Compensation Package
Uber has introduced a new reward program: Uber Pro that will allow its drivers who score low cancellation rates and maintain high ratings to earn rewards like free college tuition