Uber's hype dissolves and IPO joins ranks of Wall Street flops

2019-05-12 07:00

Uber plunged immediately at the opening of trading, falling as much as 8.8% from its IPO price of $45 per share, a level that was already at the low end of bankers’ expectations.

WATCH: Uber's $120bn valuation

2018-10-17 07:12

Uber is eyeing a valuation above $100bn for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, according to sources.

Uber goes to court to remain in business in London

2018-06-25 12:57

Uber is beginning an appeal a decision to deny it a new operating license in London, saying it has made significant reforms that address mistakes the company had made in the past.

False start for Uber drivers’ employee claim

2018-01-21 05:52

A potential watershed case to recognise Uber drivers as employees got quashed in the labour court earlier this month, with none of the merits tested.

China ride-hailer Didi buys Brazil's 99 Taxis in new challenge to Uber

2018-01-04 12:12

Chinese ride-hailing giant Didi Chuxing said it had bought Brazil's 99 Taxis, opening another front in the Beijing-based company's global battle with Uber.

Inflammatory letter sheds light on Uber's alleged misconduct

2017-12-18 16:32

A former Uber security specialist accused the company of dispatching a team of spies to steal its rivals' trade secrets and using shady tactics to thwart its competition, according an inflammatory letter unsealed by a federal judge.

Uber loses employment rights case in Britain - lawyers

2017-11-10 14:11

US ride-hailing app Uber on Friday lost a landmark case in Britain that would give drivers the right to paid holidays and the national minimum wage, lawyers representing the claimants said.

Uber wants female drivers in Saudi Arabia

2017-10-03 18:15

"We want to create economic opportunities for women as drivers on the Uber platform," said Uber's chief of operations in Europe, the Middle East and Africa.

With Uber in turmoil, Lyft's ridership surpasses all of 2016

2017-08-01 09:15

Ride-hailing service Lyft carried more passengers through June this year than it did in all of last year as it benefited from rival Uber's missteps

Uber CEO Kalanick takes leave of absence

2017-06-13 22:20

Uber CEO Travis Kalanick is reportedly taking a leave of absence from his post to grieve the loss of his mother, an email distributed among company employees said.


The Uber Eats dilemma: Appease restaurants or investors?

2019-04-21 10:58

Uber may have to cut down on its take from restaurants while still assuring would-be investors it has a path to profitability, says Alex Webb.

Uber wins back license in London but is put on probation

2018-06-27 09:33

A London court is set to rule on whether ride-hailing firm Uber should be allowed to keep driving on the streets of London.

China's Didi steps up challenge to Uber with Australia push

2018-06-25 09:58

Chinese ride-sharing giant Didi has intensified its drive for global business, launching in Melbourne as it joins rivals Uber, Taxify and Ola in Australia's taxi market.

Uber used tech tool to shield data from police outside US

2018-01-12 10:12

The ride-sharing company Uber confirms that it had technology to shield company data when law enforcement raided offices outside the US.

Uber rival Grab makes debut in Cambodia

2017-12-19 14:07

Southeast Asia's top ride-hailing firm Grab launched services in the Cambodian capital Phnom Penh , as it looks to lock down regional domination against main rival Uber.

Uber data-scraping, surveillance detailed by ex-manager

2017-12-17 15:36

Prosecutors involved in a criminal investigation of Uber learned of the tactics from a former manager of the company’s global intelligence unit.

UberEATS surpasses 500 000 downloads in SA

2017-10-04 12:49

As it celebrates its first birthday in SA, food delivery app UberEATS is averaging 10 000 downloads a week.

SA Uber drivers can now decline cash trip requests

2017-08-10 13:12

Uber South Africa has introduced a new, pilot cash indicator feature. The cash indicator allows Uber driver-partners to choose whether they’d like to accept a cash trip request or not.

Uber's airport service in Madrid under attack from town hall

2017-07-24 09:10

The city of Madrid has asked Spain's anti-trust watchdog to investigate whether Uber's new airport transport service violates fair competition laws

Lawmakers debate letting island set its own Uber, Lyft rules

2017-05-03 08:48

Rhode Island lawmakers are considering a bill that would let a picturesque summer resort island set its own rules for regulating ride-hailing companies such as Uber and Lyft.

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