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.
Dara Khosrowshah says the need for a 'clear narrative' is a factor in his decision to consolidate the marketing, communications and policy teams.
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.
This programme is designed specifically to attract drivers who may not even have enough credit to get a traditional car loan of any kind.
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.
Labour trends like working remotely or from home had contributed to the reduced interest in cars.
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.
The share slump reflects investor skepticism about the size of the ride-hailing market.
Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.
The deflated debut cast a pall over 2019’s prospects as the hottest year for tech listings this decade.
Global markets continue to soar as usual despite a 25% increase tariffs hike on Chinese goods.
Uber sells 180 million shares for US$45 each, having marketed them for US$44 to US$50 apiece.
At US$47 a share, Uber would be worth just over US$80 billion, taking into account stock options.
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 anticipates sales of US$3.28 billion to US$3.3 billion for 2019, which is above estimates.
The app drivers are seeking improved job security and a better revenue split between the drivers and platforms.
If the mood doesn’t change soon, it may bode ill for Uber Technologies Inc when its IPO launches on Thursday.
Aussie cabbies are alleging Uber gained an unfair advantage and destroyed their livelihoods by knowingly operating above the law.
Uber kicks off its IPO roadshow in London with stops in New York, Boston and San Francisco scheduled.
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.
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.
The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors.
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The global ride-hailing company will kick off a road show this month and would begin trading publicly in May.