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SoftBank Group sells $2 billion share in Uber

Kyodo News
Posted at Jan 13 10:19 AM

SoftBank Group Co. sold roughly $2 billion in shares of US ride-hailing company Uber Technologies Inc. last week, according to a document submitted by the Japanese firm's affiliate to U.S. financial regulators. Read more »

FOCUS: Gig economy workers say they can no longer survive

Agence France-Presse
Posted at Dec 16 03:04 PM

Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meager earnings from jobs that leave them increasingly vulnerable. Read more »

Should companies require employees to take the vaccine?

Andrew Ross Sorkin, The New York Times
Posted at Dec 15 08:57 AM

There is a way to get greater compliance: Businesses, which have spent the past several years championing their social responsibility, can require vaccination of employees and, in many cases, customers. Read more »

Uber to sell autonomous car division to startup Aurora

Glenn Chapman, Agence France-Presse
Posted at Dec 08 08:14 AM

Uber agreed to sell its autonomous car division to Aurora in a deal that gives the ride-hailing giant a stake in the startup developing self-driving technology, the companies said Monday.   Read more »

US food delivery apps are booming. Their workers are often struggling.

Kimiko de Freytas-Tamura, The New York Times
Posted at Nov 30 10:50 AM

The recent surge in cases means greater risk of exposure traveling from restaurants to homes. Rising crime in New York City has also led to instances of assault and bicycle theft.   Read more »

Uber to invest in SK Telecom's mobility business

Joyce Lee and Hyunjoo Jin, Reuters
Posted at Oct 16 09:25 AM

Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea's SK Telecom Co Ltd, which is proposing to split off its mobility business.  Read more »

World badminton body cancels Asian events in latest calendar reshuffle

Agence France-Presse
Posted at Aug 28 12:37 AM

Existing tournaments in New Zealand, China, Hong Kong, Indonesia, Malaysia and Thailand are chief among those cancelled as the BWF grapples to rescue its season.   Read more »

Uber-Lyft to stop California services absent reprieve

Glenn Chapman, Agence France-Presse
Posted at Aug 19 04:45 PM

Uber and Lyft are hoping a courtroom reprieve will spare them from shutting down their rival smartphone-summoned ride services in California on Friday. Read more »

These Uber drivers are stressed. Archery soothes them

Raul Vilchis, The New York Times
Posted at Aug 17 10:50 PM

Archery provided a way to exercise, socialize at a distance and offer prayers for the city’s speedy comeback.  Read more »

Uber calls for new deal for 'gig economy' workers

Agence France-Presse
Posted at Aug 11 12:37 AM

Uber outlined proposals Monday for a new type of relationship with "gig" workers, including its own drivers, that would keep them as independent contractors but with some guaranteed benefits.   Read more »

Twitter accounts of Bill Gates, Elon Musk, others hit in major hack

Glenn Chapman, Agence France-Presse
Updated as of Jul 16 12:06 PM

SAN FRANCISCO (UPDATE) - The official Twitter accounts of Apple, Elon Musk, Jeff Bezos and others were hijacked on Wednesday by scammers trying to dupe people into sending cryptocurrency bitcoin, in a massive hack. Read more »

Uber scoops up Postmates for $2.65 billion in 'everyday' delivery push

Reuters
Posted at Jul 07 07:53 AM

Uber Technologies Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.   Read more »

Uber says cutting 3,000 jobs, trimming investment

Agence France-Presse
Updated as of May 19 08:27 AM

Uber on Monday announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic. Read more »

Uber offers $6 billion for meal delivery rival Grubhub: source

Agence France-Presse
Posted at May 14 07:46 AM

Uber is offering $6 billion in stock in its takeover bid for meal delivery group Grubhub, a source familiar with the talks told AFP Wednesday.   Read more »

Coronavirus exposes Uber, Lyft drivers' lack of safety net

Tina Bellon and Nivedita Balu, Reuters
Posted at Mar 25 09:41 PM

As the coronavirus brings large parts of the country to a halt, drivers and companies are facing the downside of an ambiguous contractor model.  Read more »

Uber loses French case, driver declared employee

Agence France-Presse
Posted at Mar 05 07:58 AM

France's top civil court dealt ride-hailing giant Uber a setback on Wednesday with a key ruling that it had effectively employed one of its drivers. Read more »

Uber closing office in downtown Los Angeles

Reuters
Posted at Feb 19 12:20 PM

Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations. Read more »

Hyundai to make flying cars for Uber air taxis

Agence France-Presse
Updated as of Jan 07 01:42 PM

The South Korean manufacturer said it would produce the four-passenger electric "vertical take-off and landing vehicles" at "automotive scale," without offering details.   Read more »

Uber sues California over gig-economy labor law

Agence France-Presse
Posted at Dec 31 06:56 PM

Ride-hailing giant Uber and delivery company Postmates have filed a lawsuit against the state of California, claiming a new law that would treat gig-economy freelancers as employees is unconstitutional. Read more »

Uber co-founder Travis Kalanick severs last ties to company

Agence France-Presse
Posted at Dec 25 08:17 AM

About a decade after co-founding Uber, Travis Kalanick on Tuesday severed his last ties with the ride-hailing giant, announcing he would exit the board of directors at the end of 2019. Read more »