Uber Technologies Inc (NYSE: UBER) Says Sexual Assault Cases on Its Platform During The Pandemic Were 141

During the pandemic, Uber Technologies Inc’s (NYSE: UBER) ridership was impacted considerably, but according to a new safety report released last week, the ridesharing platform reported around 141 sexual assault cases over that period. Uber released a report following the CNN probe After a CNN probe into sexual harassment and violence on the ride-hailing service […]

Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) Recorded Improvement Following the Economic Inflation

Following the impacts of the Covid-19 pandemic and the recent economic inflation, ride-share global institutions, including Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT), seek practical and cheaper methods to sustain their businesses. The institutions are evaluating their options in a new reality. With recorded pressures from investors due to the hefty recorded […]

Uber Inc Technologies (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) Hike Fare Prices After Sunset Park Shooting

Uber Inc Technologies (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) have been called out for hiking fare prices after a tragic incident on April 12, 2022. The incident in Sunset Park, Brooklyn, occurred when a man wearing a construction vest and face mask opened fire in a subway car. The shooting resulted in five critically […]

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’s (NYSE: UBER) CEO Discusses the Next Big Inventions in the Company’s Delivery Services and Bitcoin Mining

The CEO of Uber Technologies Inc (NYSE: UBER), Dara Khosrowshahi, commented on the first quarter of the stock year. The interviews conducted tackled various subjects such as market opportunities and Digital Media, among others. The Wall Street Reporter conversed with several CEO, including Uber Technologies, Vinco Ventures Inc (NASDAQ: BBIG), and others. The CEOs admitted […]

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 […]

Yandex NV (NASDAQ: YNDX) Acquires Uber Technologies Inc (NYSE: UBER) Stake in Self-Driving Group

Yandex NV (NASDAQ: YNDX) has acquired Uber Technologies Inc (NYSE: UBER) stake in its Self-Driving Group (SDG). It has also acquired its indirect stake in Yandex.Lavka, Yandex.Eats and Yandex.Delivery. Yandex paid $1 billion for 100% ownership of the four businesses. According to experts, Uber reported a Q2 loss of $509 million and might be looking […]