Uber Technologies Inc. (NASDAQ: UBER) Unveils New Features That Will Help Enhance Driver’s Experience

On Friday, Uber Technologies Inc. (NASDAQ: UBER) unveiled a slew of new features geared at improving the ridesharing application’s driver experiences as drivers continue to struggle with high fuel costs and inflation rates. Uber drivers to know the amount they will receive for a trip beforehand  Before accepting a job, drivers all around the country will […]

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, […]

COVID-19 Pandemic Affected Uber (NYSE:UBER) And Lyft (NASDAQ:LYFT) Drivers Most As Calls For Their Reclassification Grow

Uber Technologies (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) drivers have been among the most affected by the pandemic because the stay at home measures has impacted demand for-hire car business. Ridesharing drivers most affected by the pandemic The pandemic has done a lot of damage, which shows there is a need to change and fix relationships […]

Uber Technologies (NYSE:UBER) In Negotiations To Acquire Grubhub Inc. (NYSE:GRUB) In An All-Stock Deal

Uber Technologies (NYSE:UBER) has reportedly offered to acquire Grubhub Inc. (NYSE:GRUB) in an all-stock deal that could be finalized this month. This is seen as a move that will enhance its food-delivery service despite the company shuttering parts of the service abroad. Grubhub wants 2.15 Ubers shares for each of its shares Sources familiar with […]

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) And Postmates Goes To Court To Block Controversial Gig-Worker Legislation

Uber Technologies (NYSE:UBER) and Postmates have filed a suit against the state of California regarding its controversial “gig worker” bill. Uber oppose gig worker law The controversial law reclassifies most contracts workers as employees instead of independent contractors. The law which targets app-based firms such as Uber and Lyft (NASDAQ: LYFT) requires the companies to […]

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 […]

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 […]