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: Uber loses key legal fight, which could hurt its business model in the U.K. and hit gig-economy companies
Uber lost a key court ruling on Friday, which could hurt its business model in one of its biggest international markets......»»
Uber just lost a major legal battle over whether its UK drivers count as workers and are entitled to minimum wage
One ex-Uber driver who began the Uber battle in 2016 told Insider, "Companies like Uber rely on "vulnerable people they could exploit who don't understand the law." Former Uber drivers Yaseen Aslam.....»»
Oil companies’ losses in 2020 were staggering. And that was before the government focused on climate change.
Oil majors that were once the most powerful corporations in the world lost much of their footing in 2020, along with many billions of dollars......»»
Uber loses $2.9 billion, offloads bike and scooter business
Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic.Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic......»»
Wells Fargo Upgrades Uber, Sees More Compelling Price
Shares of Uber Technologies Inc (NYSE: UBER) have lost 45% since Feb. 6, versus a 28% decline for the S&P 500, and shares are now attractively priced, according to Wells Fargo. .....»»
Uber and Postmates lost a bid to temporarily block California"s new gig-worker law, a legal setback that could immediately affect their financials
Megan Hernbroth/Business Insider Uber and Postmates's lawsuit against the state of California suffered a big setback on Monday A Los Angeles judge rejected a bid to temporarily block California's gig-worker law f.....»»
Earnings Watch: Lyft earnings preview: With Uber setting a new path to profitability, could Lyft be far behind?
The ride-hailing service has consistently lost money, raising questions about its ability to turn a profit. Last year, Lyft Chief Executive Logan Green said it would be profitable by late 2021, if it excluded some costs......»»
Earnings Watch: Uber earnings preview: Another big loss is expected, but so is cost-cutting
Uber Technologies Inc. has lost a combined $7.4 billion the past three financial quarters since it went public in May 2019. Analysts polled by FactSet expect more of the same on Thursday, when the ride-hailing service announces its fourth-quarter results......»»
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,AMZN,TSLA,AAPL,MSFT,NAVI,OMF,ALLY,WPX,NET,UBER,PINS,.....»»
Delco company tops Forbes lost of best employers for diversity
Newtown Square-based SAP North America ranks at the top of Forbes’ best employers for diversity list this year. The publication cites the company’s commitment to gender parity in management, its networks for employees and school-to-work pipelin.....»»
Nygren: Stock Market Is Fairly Valued, Except in Certain Pockets
Oakmark manager sees value in unloved sectors and companiesRelated Stocks: ALLY, GOOG, GOOGL, AAPL, UBER,.....»»
"It feels cold and heartless": Hundreds of California freelancers have been fired before the holidays due to a state law meant to help Uber and Lyft drivers
Hero Images/Getty Images Due to a new state law in California intended to restrict the gig economy companies like Vox Media cut jobs for freelancers directly before the holidays. Business Insider spoke with eight freelancers that had either lost t.....»»
10 foods people lost interest in ordering in 2019
Business Insider / Getty While many food items have soared in popularity in 2019, other foods have struggled to maintain their hype. As the year comes to a close, Uber has compiled a shortlist of 10 foods that have become increasingly unpopula.....»»
Silicon Valley adjusts to new reality as $100 billion evaporates
Once Silicon Valley’s highest-flying darlings, companies from WeWork to Uber have collectively lost about $100 billion in value this year, prompting some startup executives to talk up profitability over growth......»»
Uber Loses License To Operate In London, Again
In just two years, Uber Technologies Inc (NYSE: UBER) lost its license to operate in London due to a pattern of failures in both safety and security. London is one of Ub.....»»
Uber Loses London License (Again)Â
For the second time in a little over two years, Uber has lost its license to operate in London. The company has 21 days to appeal the decision......»»
Uber just lost its license to operate in London thanks to fraudulent drivers
Richard Drew/AP Uber has lost its license to operate in London, one of its biggest markets globally wi.....»»
Uber stock tanks 6% after losing its London operating license — "There is a risk that other cities could follow" (UBER)
Johannes Eisele/Contributor/Getty Uber's stock is set to sink on Monday morning after the ride-hailing firm lost its license to operate within London. The stock fell 6.3% in premarket trading, at .....»»
Uber shares plunged 34% last quarter. Here"s how many millions some of its largest hedge-fund backers lost.
Johannes Eisele/Contributor/Getty Uber's bumpy ride in the public markets continued during the third quarter. Shares of the ride-hailing giant fell another 34% during the period as investors sh.....»»
PayPal invested $500 million in Uber"s IPO. The company has lost $215.7 million on that investment since.
Albert Gea/Reuters PayPal invested $500 million in Uber's May IPO. Since, Uber's stoc.....»»