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Daimler, BMW to invest 1 billion euros in venture to rival Uber
German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms......»»
Carnegie Mellon University plans to demolish 2 houses near Craig Street in Oakland to add parking
Two houses just off the Craig Street business district on the agenda of the Pittsburgh Planning Commission for demolition to create more parking in the section of North Oakland near the Carnegie Mellon campus......»»
Here are the Arizona startup finalists for the 2024 AZ Inno Fire Awards
We know how much time startup founders spend hunkered down and uber-focused on cash flow, R&D, capital raising and just rolling up their sleeves to get the job done. With that in mind, the Phoenix Business Journal and its affiliate publication AZ I.....»»
Goldman poaches Uber engineering exec to lead consumer biz
Goldman Sachs just nabbed Peeyush Nahar, an Uber engineering executive, to head its consumer business. Wall Street's Famous Bull Brendan McDermid/REUTERS Goo.....»»
Earnings Results: Uber shows smallest quarterly loss in its history thanks to sale of self-driving unit; delivery continues to dominate
Uber Technologies Inc.'s business continued to recover in the first quarter as COVID-19 restrictions eased, and the sale of its self-driving unit helped produce the smallest quarterly loss in its history as a public company......»»
Uber And Lyft Now Face Driver Shortages, Biden Unveils More Anti-Business, "Gig Worker" Regulatory Threats
Uber And Lyft Now Face Driver Shortages, Biden Unveils More Anti-Business, 'Gig Worker' Regulatory Threats Update (0915ET): The Biden administration has canceled a signature Trump-era rule that would’ve eased busine.....»»
Uber hires new head of medical transport business
The appointment comes five months after the head of Uber Health left the company for a startup......»»
Uber jumps 4% after reporting record bookings for March driven by delivery business
"As vaccination rates increase in the United States, we are observing that consumer demand for mobility is recovering faster than driver availability," Uber said. Uber CEO Dara Khos.....»»
: 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......»»
British Uber drivers gain benefits as UK top court rules they’re not self-employed
Uber drivers in Britain should be classed as “workers” and not self-employed, the U.K. Supreme Court ruled Friday, in a decision that threatens the company’s business model and holds broader implications for the .....»»
Former Uber Eats Exec Emil Michael Praises Eats" Growth Story
Uber Technologies Inc's (NYSE: UBER) food delivery business Uber Eats has grown to become roughly "the same size" as the company's core ride-hailing business, former Uber Senior Vice President Emil Michael read more.....»»
Uber Delivery Service Key For Growth Analysts Says After Mixed Q4
While mobility continued to decline in the fourth quarter for Uber Technologies Inc (NYSE: UBER), strength was shown in the company’s delivery business. Analysts are out with comments and reactions to the fourth-quarter earn.....»»
Uber Delivery Service Key For Growth Analysts Says After Mixed Q4
While mobility continued to decline in the fourth quarter for Uber Technologies Inc (NYSE: UBER), strength was shown in the company’s delivery business. Analysts are out with comments and reactions to the fourth-quarter earnings, as well as t.....»»
MarketWatch First Take: With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws?
As Uber Technologies Inc.'s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals......»»
Pandemic sees Uber "deliver" the goods in one business, but has another stuck in reverse
Uber is doubling down on its delivery business as the ridesharing platform's gross delivery booking revenue surged 130 percent to $10.1 billion in the fourth quarter, while its gross mobility booking revenue declined 47 percent to $6.78 billion. .....»»
Lyft beats Q4 2020 earnings expectations, reports $569.9 million in revenue amid pandemic struggles
Lyft's business has been hit harder by the pandemic than rival Uber, which has offset losses with its food-delivery business. Lyft went public in March 2019 at a price of $72 per share. Mario Tama/Getty Images Lyft on Tuesday reported $569.9 mi.....»»
Uber expands into alcohol delivery with acquisition of Drizly for $1.1 billion
The ride-hailing business said it plans to integrate Drizly into its Uber Eats app......»»
Uber Acquires Alcohol Delivery Business Drizly In $1.1B Deal: What Investors Need To Know
Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. read more.....»»
How Uber’s divestitures are changing the shape of its business
As the rideshare and food delivery company dumps its noncore and unprofitable businesses in favor of taking investment stakes in the buyers, its business is increasingly taking this shape......»»
Getting ready to reopen? Here"s what the state says about serving alcohol
Cocktails to-go. Virtual wine tasting. Dining out in parking lots. If your business serves alcohol, you know these are strange and unprecedented times......»»