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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 reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic
The pandemic hit Uber hard, but March data from the company shows it is on the rebound, hitting booking and delivery records. Uber CEO Dara Khosrowshahi. .....»»
Uber to cut 3,700 jobs as pandemic ravages its business
Uber Technologies will cut about 3,700 full-time jobs and CEO Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said Wednesday as the COVID-19 pandemic decimates its ride-hailing business......»»
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business......»»
Here"s when Uber"s CEO says the company will make money
Uber CEO Dara Khosrowshahi predicted Monday the money-losing ride-hailing company will achieve an adjusted-earnings profit in 2021. Khosrowshahi made the statement during Uber’s third quarter earnings call. Uber (NYSE: UBER) reported revenue of.....»»
Uber CEO Takes More Control by Absorbing the COO’s Role
Uber announced the departure of its chief operating officer and chief marketing officer on Friday. Uber CEO Dara Khosrowshahi is taking greater charge of the ride-hailing company. His first order of business? A management.....»»
Uber Eats Gains Momentum as Ride-Hailing Growth Slows
Uber reported big gains in its food delivery service as the company continues to suffer massive losses. Uber’s food delivery service, Uber .....»»
Uber pushes into drone delivery for food
Uber Technologies Inc. wants to launch food-delivery drones by 2021, as the ride-hailing company continues to diversify its menu of business lines. The San Francisco-based company posted a job ad for a executive to spearhead the initiative, which i.....»»
Uber expects employees to come into the workplace 3 days a week when its office doors open in September
The ride-hailing company Uber wants employees to work from home for two days a week to stay connected to colleagues, its chief people officer said. Uber CEO Dara Khosrowshahi. Sajjad.....»»
Uber sees ride business up from coronavirus lows in some U.S. markets
Uber Technologies Inc ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday......»»
What it"s like to be a gig worker for Uber, Lyft, or Doordash, in their own words, as coronavirus spreads (UBER, LYFT)
Madeline Stone / Business Insider Gig workers for food delivery and ride-hailing apps are bracing for the spread of coronavirus. Because their jobs require on-d.....»»
While losses mount, Uber CEO expects profitability in 2021
The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability — when adjusted for... To view the full story, click the title link......»»
Uber to lay off roughly 350 employees: report
Uber Technologies Inc. is reportedly cutting 350 jobs, according to CNBC, which cites an internal email sent by Chief Executive Dara Khosrowshahi to the ride-hailing company's staff. The layoffs.....»»
Uber to buy Chile"s Cornershop as it sets sights on delivering groceries
Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and other goods......»»
Uber joins the food delivery fray with plans for drone testing
Having disrupted the transportation industry, Uber now is turning its sights on food delivery, announcing plans to conduct drone tests in high-density areas. The ride-hailing company began testing in San Diego and plans to roll out commercial food delive.....»»
Uber loses $1 billion in quarter as costs grow for drivers, food delivery
Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company......»»
Uber quizzed on growth at IPO roadshow in London
Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm's growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO)......»»
Uber sets terms for IPO, posts $1 billion first-quarter loss
Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business......»»
Uber unveils IPO with warning it may never make a profit
Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing......»»
In IPO, Uber reveals 91 million users but slowing growth
Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing......»»