Uber

Uber on Thursday reported that it lost $1.1 billion in the newly ended quarter as the pandemic walloped its ride-hailing business while boosting its food delivery service. Revenue in Uber’s mobility unit was down 53 percent...

Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a post-money basis. The ride-hailing...

All taxis available through Uber app will be electric within 2040 – and within 2030 in US, Canada and Europe, the ride sharing company said. Uber said the move was part of its “responsibility” to tackle...

Uber Technologies Inc yesterday said that the company is planning to expand its ride-hailing services across Quebec, Canada this fall. The declaration comes as Quebec braces for a new taxi reform bill, which will eliminate the...

Uber said today it was acquiring the British tech company Autocab, which sells booking and dispatch software to private hire firms, in a move that will permit the taxi app to reach customers where it does...

Massachusetts sued Uber and Lyft over allegedly misclassifying drivers as independent contractors instead of employees entitled to extensive benefits. The complaint filed in Suffolk Superior Court claims Uber and Lyft violate state minimum wage, hour and...

Uber has admitted to acquiring meal delivery service Postmates in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the US. according to Bloomberg. The San Francisco-based rideshare giant Uber...

Uber Technologies has suspended the option to book regular taxi services through its app in Saudi Arabia until further notice, a company statement said on Friday. Saudi Arabia is in virtual lockdown and has suspended regular,...

Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus. The pooled option, which allows riders to book trips at...

Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have been exposed to it, the ride-hailing company said on Wednesday. The...