Uber’s (NYSE:UBER) Freewheeling Era Is Over As Cities Tighten Regulations On Ride-Hailing

Uber Technologies (NYSE:UBER) is facing regulatory scrutiny across the globe, and it now seems the freewheeling era is over for the taxi-hailing company. The company saw its stock drop by 6% to $29.60. Uber faces a regulatory crackdown Last month it was a month to forget for the ride-hailing company after it was hit with […]

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 […]

Transport Authorities In London Refuses To Renew Uber Technologies Inc (NYSE:UBER)’s License Citing Safety Risks

Uber Technologies Inc (NYSE:UBER) received a setback in London because the transport authorities have not renewed its license. Other than the booked drivers operate thousands of trips in the British Capital, causing safety risks to the passengers. Uber shares decline Uber’s license to operate in London expires on Monday midnight. It is not the first […]

Uber Technologies Inc. (NYSE:UBER) Lays Off Part of Its Global Marketing Team

On Monday The New York Times reported  that taxi hailing services company Uber Technologies Inc. (NYSE:UBER) had laid off close to 400 employees from the global marketing team a week before the company releases its Q2 2019 earnings report. Uber looks to cut on spending The laid off employees are drawn from the company’s 75 […]