Uber demand sees pre-pandemic levels in Europe, faces driver shortage

Uber demand sees pre-pandemic levels in Europe, faces driver shortage

By Anna Domanska - Jun 08, 2021

Uber, the ride-sharing business, is witnessing a demand in services comparable to pre-pandemic levels.

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iShares Transportation ETF shifts to market capital weighting

iShares Transportation ETF shifts to market capital weighting

By Christy Gren - May 19, 2021

iShares Transportation Average ETF (IYT), the world’s largest transport-focused exchange-traded fund worth $2.2bn, will now be weighing stocks based on their market capitalizatio

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It’s end of a sweet ride for Uber, says SoftBank’s Vision Fund

It’s end of a sweet ride for Uber, says SoftBank’s Vision Fund

By Anna Domanska - Jan 12, 2021

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.

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Uber earns magnum profits in delivery business; losses in ride sharing

Uber earns magnum profits in delivery business; losses in ride sharing

By Christy Gren - Aug 08, 2020

Uber revenue fell by 29% as the ride-sharing company’s gross mobility bookings reduced to 73% year-on-year due to the pandemic.

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Uber Withdraws 2020 Guidance Due To Pandemic

Uber Withdraws 2020 Guidance Due To Pandemic

By Anna Domanska - Apr 20, 2020

Uber has withdrawn its 2020 financial guidance report saying that the Covid-19 coronavirus pandemic has made it difficult to predict how the market will playout for the company.

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Uber welcomes $2 trillion stimulus package with benefits for contract workers

Uber welcomes $2 trillion stimulus package with benefits for contract workers

By Anna Domanska - Mar 30, 2020

Whether you want to stay up-to-date on the latest business news, read in-depth CEO interviews, or find new ideas on leadership, management and innovation, Industry Leaders Magazine

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Uber stripped off its London license over safety issues

Uber stripped off its London license over safety issues

By Anna Domanska - Nov 28, 2019

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

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Uber loses $1 billion in 1st Quarter, plans to cut incentives

Uber loses $1 billion in 1st Quarter, plans to cut incentives

By Christy Gren - Jun 03, 2019

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

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Uber vs Lyft: Whose IPO will set stocks soaring?

Uber vs Lyft: Whose IPO will set stocks soaring?

By Anna Domanska - Dec 11, 2018

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

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