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Tuesday, June 18, 2019

Tag: Uber

Uber picks Melbourne as test site for flying taxi service

Uber will begin test flights of the pilotless aircraft in Melbourne and US cities Dallas and Los Angeles in 2020 before commercial operations begin in 2023.

Uber chief tightens grip with top execs’ departures

Dara Khosrowshah says the need for a 'clear narrative' is a factor in his decision to consolidate the marketing, communications and policy teams.

Uber loses US$1 billion in quarter as costs grow for drivers, food...

Revenue of US$3.1 billion matches the high end of the range Uber forecast for the quarter and the loss of US$1 billion compared with the company's forecast of US$1 billion to US$1.11 billion.

Uber lowers barrier to drive for those with no car or...

This programme is designed specifically to attract drivers who may not even have enough credit to get a traditional car loan of any kind.

‘ScUber’ launches submarine trips to Great Barrier Reef

In what Uber is pitching as a world first, people in Queensland will be able to order a ride on a two-person submarine for A$1,500.

Uber and Lyft to turn the wheels on car ownership

Labour trends like working remotely or from home had contributed to the reduced interest in cars.

Uber escapes Lyft driver’s dirty-tricks lawsuit – for now

Uber managed to dodge a three-year-old lawsuit by a Lyft driver who accuses the ride-hailing corporation of shady dealings. Uber's victory may be short-lived, however.

Uber shares decline for second day in US pre-market

The share slump reflects investor skepticism about the size of the ride-hailing market.

SoftBank’s market value slides US$9 billion as Uber IPO flops

Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.

Uber slips below US$70 billion valuation on first day trades

The deflated debut cast a pall over 2019’s prospects as the hottest year for tech listings this decade.

Global markets rise despite trade war escalation

Global markets continue to soar as usual despite a 25% increase tariffs hike on Chinese goods.

Uber raises US$8.1 bln in IPO priced near bottom of range

Uber sells 180 million shares for US$45 each, having marketed them for US$44 to US$50 apiece.

Rideshare drivers strike as Uber poised to go public

At US$47 a share, Uber would be worth just over US$80 billion, taking into account stock options.

What Uber’s IPO tells us about SoftBank’s big ride-hailing bet

One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.

Lyft tries to assure investors that losses will drop in 2020

Lyft anticipates sales of US$3.28 billion to US$3.3 billion for 2019, which is above estimates.

Strike set for rideshare drivers, casting shadow on Uber IPO

The app drivers are seeking improved job security and a better revenue split between the drivers and platforms.

Beyond Meat, Lyft shares slide as mood on street slaps recent...

If the mood doesn’t change soon, it may bode ill for Uber Technologies Inc when its IPO launches on Thursday.

Uber hit with Australia class action ahead of stock listing

Aussie cabbies are alleging Uber gained an unfair advantage and destroyed their livelihoods by knowingly operating above the law.

Uber IPO is said to be oversubscribed by day two of...

Uber kicks off its IPO roadshow in London with stops in New York, Boston and San Francisco scheduled.

Uber set to hit the road for the year’s biggest IPO

Can Uber maintain itself as one of the most prolific fundraiser? It has successfully brought in more than US$20 billion worth of funds from private investors.

Uber eyes US$90 billion IPO valuation

The ride-hailing company is planning to start marketing shares to potential investors in a price range of about US$44 to US$50 each.

Uber lands massive investment for self-driving unit

The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors.

Apa yang perlu anda tahu sebelum naik Grab?

Elak daripada ditimpa kejadian tidak diingini penumpang perlu titik berat 3 langkah utama

Uber’s potential investors to soon see books as IPO nears

The global ride-hailing company will kick off a road show this month and would begin trading publicly in May.