Uber Technologies

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Delhi govt's decision to allow electric bike taxis to hit thousands: Uber

Uber Technologies Inc said on Friday plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk finishing off the sector

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

Uber's former security chief convicted of concealing massive data breach

Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company's troubled past under its original leadership

Zomato stock drops as 612 million shares go for sale on discount

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

Uber turns cash flow positive for the first time in Q2, shares surge

Uber generated free cash flow of $382 mn in second quarter, topping analysts' expectations of $263.2 mn, as trips exceeded pre-pandemic levels, boosted by reopening of offices, travel demand surge

Uber to hire 500 techies in India for Bengaluru, Hyderabad centres

Uber Technologies on Wednesday announced it will hire 500 employees for its India tech centres by the end of this year.

Uber secures London license for two and half years

Uber had previously claimed that it has assuaged safety concerns by improving insurance document verification systems and rolling out real-time identification

Uber expands on taxi strategy by adding New York City's yellow cabs to app

The company said it planned to include every taxi on its Uber app by 2025 and last year added 122,000 new taxis to its platform.

Uber Technologies revenue jumps 83% to $5.8 billion as customers go out

Revenue rose 83 per cent to $5.8 billion in the period, the company said on Wednesday in a statement

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.

Uber Technologies forecasts first-ever adjusted profit, shares jump 7%

Uber Technologies Inc could post its first profit on an adjusted basis in the current quarter, its chief financial officer said on Tuesday, sending the ride hailing company's shares up nearly 7%

Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal

The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday

Uber to let office staff work up to half their time from anywhere: Report

Uber Technologies Inc will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce

Uber sells self-driving unit to Aurora for $10 billion; gets 2 board seats

The price tag is a comedown for Uber, whose self-driving division, Advanced Technologies Group, raised money last year at a $7.25 billion valuation

Uber in advanced talks to sell air taxi business Elevate: Report

Uber has been working on various other businesses, including the development of self-driving cars, the Elevate project and a freight logistics network.

Uber Technologies weighs purchase of BMW-Daimler ride-hailing venture

Uber expressed interest in a potential acquisition of Free Now after the venture's efforts to attract additional investors struggled to gain traction

Uber Technologies gets 18-month London license after passing court test

Uber shares were up 7.7 per cent at 5:28 am Monday in New York during pre-market trading.

Uber backtracks on plan to shift Asia-Pacific regional hub to Hong Kong

The company had announced in May that it was ready to relocate its Asian headquarters from Singapore

Twitter hack hits Obama, Biden, Musk in Bitcoin scam; stock sinks

Others whose Twitter accounts were caught up in the security incident included Bill Gates, Elon Musk, Kanye West, Uber Technologies Inc, Apple, and Michael Bloomberg