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Uber, distracted backup driver cited by safety agency in fatal self-driving crash

David Shepardson, Reuters
Posted at Nov 20 08:09 AM

The NTSB voted 3-0 that the probable cause was the failure of the back-up safety driver to monitor the driving environment "because she was visually distracted throughout the trip by her personal cell phone." She was behind the wheel and was supposed to act in the event of an emergency. Read more »

SoftBank Group profit plunges owing to WeWork turmoil

Agence France-Presse
Posted at Nov 06 03:47 PM

In the three-month period ending September 30, operating losses hit a whopping 704.4 billion yen ($6.4 billion).   Read more »

Every Parent’s Nightmare: A teenage girl and an Uber driver with his own plan

Michael Gold, The New York Times
Updated as of Aug 28 01:10 PM

On July 12, a parent’s worst fears came true when the Uber driver who arrived did not bring the girl safely home. Instead, prosecutors said, he kidnapped her and tried to take her to his place in Brooklyn, where he intended to sexually assault her. Read more »

Virtual restaurants rise as diners tap delivery apps

Mike Isaac and David Yaffe-Bellany, The New York Times
Updated as of Aug 15 02:06 PM

Food delivery apps like Uber Eats, DoorDash and Grubhub are starting to reshape the $863 billion US restaurant industry. Read more »

Uber loses $5 billion, misses Wall Street targets despite easing price war

Alexandria Sage and Vibhuti Sharma, Reuters
Updated as of Aug 09 09:34 AM

Uber Technologies Inc reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. Read more »

Uber acts against LGBT discrimination during Dutch gay pride

Agence France-Presse
Posted at Jul 30 06:48 AM

Ride-hailing operator Uber announced Monday it has launched in the Netherlands a new function that allows LGBT users to report if they have suffered discrimination. Read more »

Uber eyes drones for food delivery

Agence France-Presse
Posted at Jun 13 05:11 AM

Uber said Wednesday it plans to speed up restaurant meal delivery by using drones for its Uber Eats service, in the latest effort by the ride-hailing giant to disrupt the transport sector.   Read more »

World's automakers race against electric cars, ride-hailing

Jack Ewing, The New York Times
Posted at Jun 07 10:30 AM

With so much bearing down on automakers simultaneously, it’s little wonder that companies like Fiat Chrysler and Renault were considering joining forces to survive. Read more »

Uber's first helicopter rides set for New York

Agence France-Presse
Posted at Jun 06 11:32 PM

Uber said Thursday it is readying its first helicopter rides, which will carry passengers between New York's JFK Airport and lower Manhattan. Read more »

Uber, Lyft to turn the wheels on car ownership: analysts

Tyler Choi, Reuters
Posted at May 23 08:25 AM

At the annual Collision Conference in Toronto, speakers said ride-hailing apps are also set to play a role in testing automation for safety. Read more »

How the promise of a $120 billion Uber IPO evaporated

Mike Isaac, Michael J. de la Merced and Andrew Ross Sorkin, The New York Times
Posted at May 17 08:49 AM

While Uber raised $8.1 billion from its offering and reaped billions of dollars in returns for its early investors and founders, what should have been a climactic moment for a transportation colossus instead became an embarrassment. Read more »

Toyota to offer self-driving technology to ride-hailing firms in Asia

Kyodo News
Posted at May 16 08:10 PM

The Japanese automaker is planning to supply a new driverless system to be developed with US ride-hailing giant Uber Technologies Inc. to companies such as Grab Taxi Holdings Pte Ltd. of Singapore and ANI Technologies Pvt. Ltd.'s Ola of India, the sources said. Read more »

Uber drivers are contractors, not employees - US labor agency

Reuters
Posted at May 15 07:04 AM

Drivers for ride-hailing company Uber Technologies Inc are independent contractors and not employees, the general counsel of a U.S. labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the company and could prevent drivers from joining a union. Read more »

Uber fizzles in Wall Street debut, opens below $45 IPO price

Reuters
Posted at May 11 04:00 AM

Uber Technologies Inc's shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year as other high-profile startups such as Slack and WeWork look to go public. Read more »

How does Uber IPO differ from dot-com boom?

Karl Russell and Stephen Grocer, The New York Times
Posted at May 10 08:28 AM

Not since the dot-com boom have so many richly valued tech companies gone public in such short succession: Shares of Lyft and Pinterest are now trading, and Slack, WeWork and Palantir are expected to follow soon. Read more »

Uber drivers herald IPO with global strike

Kate Conger, Vicky Xiuzhong Xu and Zach Wichter, The New York Times
Posted at May 09 08:26 AM

The strikes were one of the biggest coordinated efforts by drivers to demonstrate their grievances against Uber and Lyft, organizers and drivers said. Read more »

Lyft sees 'peak losses' this year, says ride-hailing has path to profit

Alexandria Sage and Vibhuti Sharma, Reuters
Posted at May 08 08:52 AM

As ferocious growth slows at Lyft and Uber Technologies Inc , investors are paying more attention to what the companies need to do to make a profit. Read more »

Ride-hailing’s future? It may sit on electric motorbikes

Vindu Goel, The New York Times
Posted at May 06 08:05 AM

Several startups — backed by big Silicon Valley venture firms and Uber’s Indian competitor, Ola — are betting that shared “two-wheelers” are better suited to wallets and transportation needs than the cars that are the heart of the ride-hailing industry. Read more »

Uber said to plan IPO price range valuing company as high as $90 billion

Kate Conger, The New York Times
Updated as of Apr 26 12:31 PM

The world’s largest ride-hailing company, Uber plans to offer its shares to investors for $44 to $50 each, putting its total valuation between $80 billion and $90 billion, said this person, who was not authorized to speak publicly. Read more »

Uber readies $1.5 million customer support office in Pampanga

Jessica Fenol, ABS-CBN News
Updated as of Apr 04 11:28 PM

The $1.5 million (P78 million) facility will provide back office support to Uber's global operations spanning human resources, analytics and reporting. Read more »