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Uber Technologies (NYSE:UBER) Sells Its Uber Eats Segment In India To Zomato For $172 Million

Uber Technologies (NYSE:UBER) has agreed to sell its food delivery business, Uber Eats, in India to Zomato $172 million deal. This underscores the taxi-hailing company’s determination to cut on loss-making operations that have a struggle against the competition. In recent years Uber has offloaded orations in China, Russia, and South. Uber to receive a 9.9% […]

Uber (NYSE:UBER) CEO Says The Company Could Soon Offer Retail Delivery Services

Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi has indicated that the ride-hailing company has a similar model as that of e-commerce giant Amazon (NASDAQ:AMZN). Khosrowshahi indicated that Uber can offer more than just booking rides. Uber CEO wants to transform transport marketplace The CEO said that the company is fundamentally distinct from other companies because it […]

Chicago Data Shows Uber (NYSE:UBER) Overcharging Carpooling riders

One of Silicon Valley’s [most closely guarded secrets is how much taxi-hailing companies Lyft (NASDAQ:LFYT) and Uber (NYSE:UBER) charge customers. A Chicago law requiring the companies to provide their fare data has offered information on how one of the companies is trying to make a profit. Ridesharing fares increasing Over the last year, shared rides […]

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