Uber Technologies Inc (NYSE: UBER) Increases Revenue As Pandemic Restrictions Ease

Uber Technologies Inc (NYSE: UBER) CEO recently stated that earnings for the company have gone up as more people want to move around due to COVID-19 restrictions easing. The company’s advertising sector had a $225 million revenue which surpassed its $100 million targets. Uber is also making plans to offer taxi rides in San Francisco. […]

Uber Technologies Inc (NYSE: UBER) Regains its License to Operate in London

Uber Technologies Inc (NYSE: UBER) has gotten a license to operate in London for 30 months. This news comes after a struggle with Transport for London, a transportation agency (TFL), which doubted the company’s safety protocols. In 2017, TFL accused Uber of lacking corporate responsibility, thus endangering the safety of London residents. At this point, […]

Uber Technologies Inc (NYSE: UBER) Will Give a Temporary Fuel Surcharge

Uber Technologies Inc (NYSE: UBER) recently announced that it provided a temporary fuel surcharge. The new fares will assist drivers in remit payment for the increasing gas prices across the U.S. During the announcement, Uber reiterated that the consumers would be required to remit at least $0.45 or $ 0.55 per trip. The company also […]

Uber Technologies Inc (NYSE: UBER) Stock Down By Close To 15% In The Last Month and

Uber Technologies Inc (NYSE: UBER) stock is not in its best shape. The stock slumped nearly 15% in the last month alone. Uber Technologies Inc stock is under pressure  Uber Technologies Inc’s stock is under pressure. The lockdowns imposed in a bid to curb the coronavirus impacted the stock. The growing concerns due to the […]

Uber Technologies Inc (NYSE: UBER) Withdraws Uber Eats From Hong Kong

Uber Technologies Inc’s (NYSE: UBER) wholly-owned subsidiary Uber Eats has announced that it will leave the Hong Kong market. The announcement comes five years after the company launched in the city. After a late entry into the food delivery market, Uber Eats could not compete with other companies, including Foodpanda and Deliveroo PLC (OTCMKTS: DROOF), […]

Uber Technologies Inc (NYSE: UBER) Has Announced Its Partnership With Cannabis Retailer, Tokyo Smoke

Uber Technologies Inc (NYSE: UBER) has now entered the cannabis market. The company has announced that it will allow its customers in Ontario, Canada, to order cannabis on its Uber Eats app. Uber will be partnering with Tokyo Smoke, a cannabis retailer. Through Uber Eats, customers will place their order which they can pick at […]

Uber Technologies Inc (NYSE: UBER) Acquires Transplace Through Uber Freight

Uber Technologies Inc’s (NYSE: UBER) Subsidiary, Uber Freight, has announced the acquisition of TPG Capital’s Transplace at $2.25 billion in cash. GCM Grosvenor, D1 Capital, and Abu Dhabi Growth fund made a $550 million investment in Uber Freight to support the transaction. The acquisition combines operational solutions and shipper technology from Transplace with digitally-enabled carriers […]

Uber Technologies Inc (NYSE: UBER) Eliminates Bonuses in Areas Where Drivers Are Back to Work

Uber Technologies Inc (NYSE: UBER) has had several shortcomings as a consequence of the pandemic. One such problem is a labor crisis with drivers scared of returning to work, as some are concerned about contracting Covid-19. In contrast, others have retired early for a better work opportunity or to become full-time parents. Other drivers have […]

Uber Technologies Inc. (NYSE: UBER) And Lyft Inc. (NYSE: LYFT) Are Polluting The Environment As They Face Assault Lawsuits

A new study has shown that ridesharing companies Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NYSE: LYFT) may be sparing the environment from carbon emissions that result from starting a cold vehicle. Still, these gains are wiped by drivers driving around to wait for customers or fetching clients, which is called deadheading. Ridesharing rides […]

Uber Technologies Inc. (NYSE: UBER) Acquires Drizly As Uber Eats Drivers Accuse It Of Using Racist Facial Recognition Software

Uber Technologies Inc. (NYSE: UBER) has completed Drizly’s acquisition, and the two companies are expected to start integrating their complementary services and delivery apps. Uber acquires Drizly  The acquisition consideration was around $ 1.1 billion, comprising nearly 18.7 million newly issued Uber common shares and cash. Drizly is an on-demand alcohol marketplace with several local […]

Trip Segment Values for Uber, Lyft Endure Rising Nationwide Amongst Motorist Scarcity

Summoning a trip is turning out to be progressively costly for customers. As ride-share companies like Uber (NYSE:UBER) and Lyft battle driver scarcities, fees for trips have skewered 40% countrywide, rendering to statistics from Rakuten. The upwelling is striking big cities like New York, Los Angeles, and Chicago particularly stiff. Industry forecasters say that with […]

California Passes A New Rule Forcing Rideshare Companies – LYFT Inc (NASDAQ: LYFT) And Uber Technologies Inc (NYSE: UBER) To Switch To Electric Vehicles

California is the first state to implement CMS (Clean Mile Standard) in the US. The new law mandates ridesharing companies – LYFT Inc (NASDAQ: LYFT) and Uber Technologies Inc (NYSE: UBER) to transition to electric vehicles from gasoline-based vehicles. CMS will be effective from 2023 According to a communiqué from CARB (California Air Resources Board), […]

Uber Technologies Inc (NYSE:UBER) And LYFT Inc (NASDAQ:LYFT) Expects To Resume Ride Share Service With COVID-19 Related Restrictions Easing And Customers Begins Travel

The rideshare companies Uber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) will resume regular services with customers to begin travel amid easing COVID-19 related restrictions. Demand for travel increases The growing demand for travel augurs well for ridesharing companies.  The gig business model also received political support in California. However, the company that depends on […]

Uber Technologies Inc (NYSE:UBER) And LYFT Inc (NASDAQ:LYFT) Strive To End Driver Shortages By Offering Bonuses

The outbreak of the coronavirus brought Ride-hailing to its knees, and that was back in 2020. LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) reported losses, but things seem to be taking a different turn lately. The companies attribute the impressive changes to the government’s vaccination programs in the previous month. Return to normalcy The […]

Uber Technologies Inc (NYSE:UBER) Opens Up About Offering Gig Economy Workers Workplace Pensions

It was sometime back that UK’s Supreme Court considered a case brought before it by 35 Uber Technologies Inc (NYSE:UBER) drivers. The fate of thousands of gig economy workers lay in the hands of the court’s ruling, and that it was a much-awaited ruling. The C court’s ruling favored the drivers who launched complaints about […]