Search results for "uber"

Uber Admits Covering up 2016 Hacking, Avoids Prosecution in U.S. Settlement

Uber Technologies Inc on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted that its personnel failed to report the November 2016 hacking to the U.S. Federal Trade […]

Uber Launches Robot Food Delivery in California

Uber Technologies Inc on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual product event where the ride-hail and food delivery company showcases the latest updates to its […]

Uber Secures London License for Two and Half Years

Uber Technologies Inc said on Saturday it has received permission to operate in London under a new 30-month license, ending a years-long battle with the city transport regulator over safety concerns. “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a spokesperson for Transport […]

Uber's Mideast Business Careem Set to Hire More than 200 in "Super App" Expansion

Uber’s Middle East business Careem is looking to hire more than 200 people, according to a company LinkedIn post, as it expands the roll out of its “Super App” which offers services outside its core ride-hailing business. Careem said it was looking to fill jobs “from engineers to data analysts, operations managers to platform designers, […]

U.S. expands Chinese firms’ blacklist; Uber to sell Didi shares

In a Financial Times report released on Wednesday, the U.S. publicized intentions of intensifying its grip on Chinese firms by expanding its blacklist to include commercial drone maker DJI as well as several biotech firms. The report caused shares of Chinese healthcare and technology firms to drop as investors shudder with worry from the news’ […]

Uber Q3 loss widens on investment losses, revenue up 72%

Uber on Thursday posted a big rebound in third-quarter revenue thanks to riders and drivers returning from pandemic lockdowns, but its bottom-line loss was wider than Wall Street expected. The San Francisco-based ride-hailing company said its third-quarter loss widened to $2.42 billion, or $1.28 per share, from $1.1 billion, or 62 cents per share, in […]

Dutch court: Uber drivers covered by taxi labor agreement

A court in Amsterdam ruled Monday that Uber drivers fall under the Dutch taxi drivers’ collective labor agreement — meaning they are entitled to the same employment benefits as taxi drivers. Uber said it would appeal the ruling. The Amsterdam civil court said in a statement that three judges ruled that the legal relationship between […]

DoorDash, Grubhub, Uber Eats sue NYC over pandemic fee caps

Three of the nation’s largest food delivery companies are suing New York City over a limit on fees it put in place during the pandemic to protect restaurants devastated by the forced closure of their dining rooms. The city has continued to extend those caps even as vaccinations allow more indoor dining which, according to […]

Uber’s CEO requires office workers vaccination but not drivers’ 

In a CNBC interview on Thursday, Uber CEO Dara Khosrowshahi announced that the ride-hailing giant will mandate its office workers to get vaccinated to resume working hours, but not its drivers.   Later this year, all of Uber’s U.S. corporate office-based staff will be obliged to get the COVID-19 vaccine before resuming working hours. However, Khosrowshahi says it wouldn’t be […]

Uber's recovery accelerates, but worries about losses linger

Uber’s ride-hailing service is regaining the momentum that it lost during the pandemic, but it’s coming at a cost that’s raising more doubts about the company’s ability to make money. At the same time, Uber’s unprofitable delivery service is still growing at a torrid pace, indicating that some homebound habits may be here to stay, […]