Uber Inc

Uber Technologies to focus on 2023 profits as pandemic pain eases

Uber forecast adjusted EBITDA, a profitability metric that excludes some costs, between $660 million and $700 million for the first quarter, well above the average analyst estimate of $593.06 million

Now, book a bus ride in Gurugram on Uber; service in other cities soon

This pilot will start with Gurugram CNG AC buses on the top-two routes during peak commute hours

Uber in India has more two- and three-wheeler ride demand than cabs

Introduced in 2019, Uber Auto and Uber Moto have seen a three-fold increase in demand after the coronavirus pandemic

Uber to show drivers how much they'll earn before accepting a trip

Ride-hailing major Uber is going to show drivers how much they will earn and where they are going before accepting a trip.

Uber admits to past mistakes; says it is a 'different' company now

A joint media investigation, dubbed the 'Uber Files', found that Uber used "stealth technology" to fend off government investigations

Uber's package delivery service drives rapid growth for small businesses

Uber Connect is helping deliver packages across 23 cities. Total deliveries over the past two years have covered a distance enough to circumnavigate the earth 1,100 times

Consumer rights regulator issues notice to Ola, Uber over trade practices

Consumer protection regulator CCPA on Friday said it has issued notices to cab aggregators Ola and Uber for unfair trade practices and violation of consumer rights. "We have issued notices to both Ola and Uber. Most of the consumer complaints received in the last one year are related to the deficiency in services and other unfair trade practices," Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare told PTI. In a meeting held on May 10 with cab aggregators, the government had warned of strict action unless they improve their systems and redress rising consumer complaints. "We told them about the rising consumer complaints against their platforms. We gave them the statistics also. We have asked them to improve their system and redress the consumer complaints otherwise the competent authority will take strict action," Consumer Affairs Secretary Rohit Kumar Singh had said after the meeting. The meeting was attended by representatives of Ola, Uber, Meru, Rapido

Uber makes first operating profit since launch as driver shortage eases

Uber forecast an adjusted profit of $25 million to $75 million for the last quarter of 2021. Analysts on average expected $114 million, according to Refinitiv data.

Prabhjeet Singh takes over as President of Uber in India, South Asia

Appointment is effective immediately; he replaces Pradeep Parameswaran, who has been promoted as Regional General Manager for the Asia Pacific

Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

The results are in for the sharing economy. They are ugly

Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home

Decade after co-founding Uber, Travis Kalanick severs last ties to company

Kalanick was pushed out as chief executive in 2017 amid revelations about the controversial business practices that accompanied the company's stunning rise

Uber sets up new centre of excellence in Visakhapatnam, to hire 500 people

The US-based company which is locked in an intense battle with Bengaluru-headquartered Ola for market leadership in India already operates a CoE in Hyderabad

Uber faces fresh legal attack for refusing to treat drivers as employees

A lawyer who's been fighting the ride-hailing giant in court for six years wants a judge to now take into account the extra costs saddled on California taxpayers by Uber's business model

Uber freezes hiring of tech staff in US, Canada to counter mounting losses

Last week, Uber said it was cutting 400 marketing employees around the world

Uber not leaving India in hurry; country last stand in Asia after Grab deal

With deeper pockets than rival Ola, and with more firepower after the Grab deal, Uber will concentrate on India. If it wins here, the rest of Uber's recent losses will not matter much, say sources