Lawmakers in California want to reclassify workers treated as independent contractors, which may dramatically boost costs for Uber and other companies built around the gig economy
The stock dropped as much as 6.5 per cent to $34.10, the lowest price since its May debut, as major averages slumped 2 per cent
Last week, Uber said it was cutting 400 marketing employees around the world
Revenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of $1.0 billion compared with the company's forecast of $1.0 billion to $1.11 billion
Investors could push Uber to sideline innovation for profit
The selling shareholders will still control about $36 billion worth of the San Francisco-based firm's stock after the offering
Uber Technologies Inc said that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion
The risk factors in Uber's IPO prospectus are alarming
Investors to be urged to look beyond ride-hailing to platform
The deal comes as San Francisco-based Uber is preparing to file in April for an initial public offering, people familiar with the matter have said
Below is a full reproduction of the letter, which references corporate scandals and concerns about the lack of a qualified chief financial officer
The private placement is the second time this year Uber has sold its own debt directly. In March, it put together a $1.5 billion loan, a deal investors also devoured voraciously
The lawsuit "does not specifically tie any particular misrepresentation by defendants to a decline in Uber's stock price," Gilliam wrote in his ruling
SoftBank Group and China's Didi Chuxing also plan to launch a venture in Japan this year
We have no consolidation plans in India, added Uber India President Amit Jain
Cash payments currently account for more than 90 per cent of all transactions in Vietnam
Khosrowshahi is scheduled to meet with Transport for London Commissioner Mike Brown
Competition keeps us on our toes and focused on creating the best experience for riders: Amit Jain
Company will be managed by a 14-person committee until the return of CEO Travis Kalanick
The software is aimed at improving driver safety, but could raise privacy concerns