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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 »

Startup offers helicopter ride-sharing in Metro Manila

ABS-CBN News
Posted at Apr 03 08:49 PM

A tech startup is offering a ride-sharing service using helicopters promising to cut hours-long commutes to just a few minutes.  Read more »

Uber to buy Mideast rival Careem: report

Agence France-Presse
Posted at Mar 25 06:49 AM

Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday.   Read more »

Uber, Airbnb take sharing economy to mainstream with stock listings

Rob Lever, Agence France-Presse
Posted at Mar 06 01:25 PM

Multibillion-dollar online platforms have already been a disruptive force in many economic segment, and analysts say the public listings may be a watershed moment, likely to fuel even more changes. Read more »

With IPO due, Uber aims to be 'Amazon of transportation'

Glenn Chapman, Agence France-Presse
Posted at Mar 03 11:28 AM

Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the "Amazon of transportation" in a future where people share instead of owning vehicles. Read more »

After New York City’s war with Amazon, Uber could be next

Emma G. Fitzsimmons, The New York Times
Posted at Feb 20 03:41 PM

NEW YORK — After New York City and Amazon went to war over a new campus in Queens, the city is heading into battle with another tech giant: Uber. Read more »

Grab pinagmumulta ng P6.5M dahil kulang ang datos sa pasahe

ABS-CBN News
Posted at Jan 25 08:54 PM

Pinatawan ng multang P6.5 milyon ang ride-hailing company na Grab noong Enero 22 dahil mali raw at di kompleto ang datos nito tungkol sa pasahe.  Read more »