News

S. Korea cab driver sets self ablaze in carpool protest

Agence France-Presse
Posted at Dec 10 06:11 PM

SEOUL - A South Korean taxi driver burned himself to death on Monday in protest at an Uber-like ride-sharing service being introduced by the country's largest mobile chat app, reports said. Read more »

Uber makes confidential filing for long-awaited IPO

Reuters
Posted at Dec 08 02:08 PM

Uber Technologies Inc has filed paperwork for an initial public offering, according to 3 people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. Read more »

Ride-hail firm Lyft races to leave Uber behind in IPO chase

Joshua Franklin and Heather Somerville, Reuters
Posted at Dec 07 08:29 AM

Lyft's IPO will test investors' appetite for the most highly valued Silicon Valley companies and for the ride-hailing business, which has become a wildly popular service but remains unprofitable and has an uncertain future with the advance of self-driving cars. Read more »

Uber loss tops $1 billion as it seeks to diversify

Agence France-Presse
Posted at Nov 15 08:05 AM

Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. Read more »

Uber posts $1 billion loss in quarter as growth in bookings slows

Heather Somerville, Reuters
Posted at Nov 15 06:28 AM

SAN FRANCISCO - Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. Read more »

Uber driver facing kidnap charges in California

Agence France-Presse
Posted at Nov 07 06:00 AM

LOS ANGELES - An Uber driver in California is facing kidnapping charges for refusing to allow 4 passengers out of his vehicle on Halloween night. Read more »

Grab to seek reconsideration of P12 million fine

ABS-CBN News
Updated as of Oct 26 06:51 PM

Grab on Friday said it would file a motion for reconsideration contesting the P12 million fine imposed by the Philippine Competition Commission (PCC) for allegedly violating the orders regarding its merger with rival Uber Read more »

Uber aims to go all-electric in London in 2025

Reuters
Posted at Oct 23 07:07 PM

Uber plans for every car on its taxi app in London to be fully electric in 2025 and will add a clean air fee to each trip from early next year, its boss told reporters in the British capital city on Tuesday. Read more »

Antitrust watchdog slaps multi-million peso fines on Grab, Uber

ABS-CBN News
Posted at Oct 17 03:23 PM

The Philippine Competition Commission has slapped a P12-million fine on ride-hailing platform Grab and another P4-million fine on its former rival Uber for violating the anti-trust watchdog's orders regarding their merger. Read more »

Bahrain minister backs boycott of Uber over Khashoggi case

Reuters
Posted at Oct 15 06:08 PM

DUBAI - Bahrain's foreign minister called for a boycott of the ride-hailing company Uber Technologies after its chief executive officer said he will not attend a business conference in the kingdom's ally Saudi Arabia. Read more »

Uber pays $148 million over data breach in latest image-boosting move

Julie Charpentrat, Agence France-Presse
Posted at Sep 27 09:15 AM

The settlement stems from a breach affecting some 57 million Uber riders and drivers, prompting litigation that was eventually joined by officials from the 50 US states and the District of Columbia. Read more »

Singapore watchdog fines Grab, Uber $9.5 million over merger

Agence France-Presse
Posted at Sep 24 03:39 PM

The commission fined both firms a total SGD$13 million ($9.5 million) -- SGD$6.42 million for Grab and SGD$6.58 million for Uber. Read more »

Uber boss grows into disruptor role from 'no freakin' clue'

TJ Manotoc, ABS-CBN News
Posted at Sep 20 08:46 AM

SAN FRANCISCO, California -- One year on the driver's seat of one of the world's largest ride-hailing firms, Uber CEO Dara Khosrowshahi said it's been good so far helping consumers go digital, from transportation to food delivery.  Read more »

Brazil Uber driver accused of kicking out blind woman

Marcelo Rochabrun, Reuters
Posted at Sep 04 08:13 AM

SAO PAULO - A blind woman said an Uber driver abruptly left her on the side of a Rio de Janeiro street last week after loudly berating her over her request that he turn down the car's air conditioning, the latest safety incident involving the ride-hailing firm. Read more »

Uber to test flying taxi in 5 countries

Kyodo News
Posted at Aug 30 10:45 PM

Uber Technologies Inc. said Thursday it will choose from five countries including Japan to test its flying taxi services, aiming to launch the commercial operation in 2023. Read more »

Toyota pours $500 million into driverless car tie-up with Uber

Anne Beade and Glenn Chapman, Agence France-Presse
Updated as of Aug 28 12:02 PM

The deal, which reportedly values Uber at about $72 billion, aims at 'advancing and bringing to market autonomous ride-sharing as a mobility service at scale,' Toyota said in a statement. Read more »

Uber quarterly loss jumps as it invests in 'big bets'

Agence France-Presse
Posted at Aug 16 09:13 AM

The San Francisco-based smartphone ride star reported it lost $891 million on net revenue of $2.8 billion, while overall bookings rose to $12 billion. Read more »

Pagbili ng Grab sa Uber, pinayagan na ng PCC

ABS-CBN News
Posted at Aug 11 02:17 AM

Pinayagan na ng Philippine Competition Commission ang pagbili ng Grab sa Uber. Read more »

Grab applauds anti-trust body for approving Uber deal

ABS-CBN News
Posted at Aug 10 07:18 PM

Ride-hailing firm Grab on Friday thanked the Philippines' anti-trust body for approving Grab's acquisition of the Southeast Asia operations of rival Uber and "recognizing the legality" of the deal.   Read more »

Grab-Uber gets antitrust watchdog's approval with conditions

ABS-CBN News
Updated as of Aug 10 03:22 PM

The Philippine Competition Commission on Friday allowed the Grab and Uber merger effective immediately under conditions of better service, justifiable fare surges and lower cancellation rates. Read more »