News Uber

Uber Snaps Up Postmates in $2.65 Billion Deal

SAN FRANCISCO — Uber Technologies will acquire delivery service Postmates for approximately $2.65 billion in an all-stock transaction. Both companies are based in SF. The deal brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the U.S. Postmates is the fourth-largest delivery service in the nation and highly complementary to Uber […]

News Uber

Uber Hires New Marketing VP

Ridesharing giant Uber has hired Thomas Ranese as its new Vice President of Global Marketing. The move comes after Uber reportedly laid off 400 employees in its marketing department recently to cut costs. Ranese has spent the last 10 years at Google, where he held a number of senior marketing roles, always reporting to Google’s […]

News Uber

Uber to Go Public at $45 Per Share

Friday is one of the biggest days in tech history as San Francisco-based Uber Technologies finally makes its debut on the stock market. The ridesharing pioneer is going public on the New York Stock Exchange Friday morning under the symbol UBER and will sell 180,000,000 shares of its common stock at a price to the […]

News Uber

Top 5 Cities for Uber

Uber is expected to go public this Thursday in the largest IPO this year. The company listed in its S-1 filing that it depends on nearly a quarter of its revenue from just five cities. In 2018, Uber said it earned 24% of total Ridesharing Gross Bookings from these five metropolitan areas – Los Angeles, […]

Uber Venture Funding

Toyota, Softbank Invest $1 Billion in Uber Self-Driving Technology

SAN FRANCISCO & TOKYO — Toyota Motor Corp., auto supplier DENSO Corporation and the SoftBank Vision Fund (SVF) will together invest $1 billion in Uber Technologies Inc.’s Advanced Technologies Group (Uber ATG). The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of automated ridesharing services. Under the terms, […]

News Uber

Uber Buys Careem for $3.1 Billion

SAN FRANCISCO AND DUBAI — Ridesharing giant Uber has agreed to acquire Careem, based in Dubai, for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. Founded in 2014, Careem serves 120 cities in 15 countries in the Middle East. Uber will acquire all of Careem’s mobility, delivery, and payments […]

News Uber

Uber Eats to Feed SXSW Visitors

As an official partner of SXSW in Austin, TX, Uber Eats is teaming up with some of Austin’s best restaurants and national foodie favorites to transform the festival’s culinary experience. Uber Eats is feeding the festival through a series of activations and events, and elevating the entire experience to transform culinary pain points into rave-worthy […]

News Uber

Starbucks to Deliver With Uber Eats

Starbucks, the nation’s largest coffee chain, said it plans to begin offering delivery of its famous hot and cold beverages in the first quarter of 2019 in a partnership with Uber Eats. However, delivery will only be available at one-fourth of the chain’s company-operated locations in the U.S. and these cities have not been announced. […]

Uber

Uber Eats to Expand to 70% of US Population

Uber Eats, the food delivery division of Uber, says its service will be rolling out into new cities by the end of the year to cover 70% of the U.S. population. The exact cities were not disclosed. The company uses Uber’s network of ridesharing drivers to pick up food from local restaurants and deliver to customers. […]

News Uber

Uber Settles Data Breach Coverup for $148 Million

SAN FRANCISCO – California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón have announced a $148 million nationwide settlement resolving allegations that Uber Technologies, Inc. (Uber) violated state data breach reporting and reasonable data security laws in connection with its 2016 breach of driver and customer data. Uber is accused of exposing 57 million […]

Uber

Uber Launches New Debit Card for Drivers

Uber has launched a new debit card just for its drivers. The Uber Visa Debit Card from GoBank is designed exclusively for drivers and delivery partners that rewards everyday spending for things like gas and groceries一with no minimum balance, no overdraft fees, and no setup, monthly, or annual fees. With the Uber Visa Debit Card, […]

Uber

Uber Unveils Service for Healthcare Customers

Uber is launching a new service to help people get to medical appointments called Uber Health. Every year, 3.6 million Americans miss doctor appointments due to a lack of reliable transportation says Uber. No-show rates for appointments are as high as 30% nationwide. Uber Health will partner with healthcare organizations to provide reliable, comfortable transportation […]

Uber

Uber to Use NVIDIA Technology in Self-Driving Cars

  Uber announced that the ridesharing company has selected NVIDIA technology for the AI computing system in its fleet of self-driving vehicles. Speaking at the opening press conference of CES 2018 in Las Vegas, NVIDIA founder and CEO Jensen Huang said that the collaboration utilizes NVIDIA technology for Uber Advanced Technologies Group’s fleets of self-driving […]

Uber

Uber Names New CEO

  Uber has hired Dara Khosrowshahi as its new CEO. He is leaving the CEO position at travel site Expedia to join the world’s leading ridesharing company. Khosrowshahi reportedly beat out Meg Whitman of HP and former GE CEO Jeff Immelt for the top job. Dara came to America at nine years old when his […]

News Uber

Uber to Use Self-Driving Mercedes-Benz Cars

  STUTTGART, Germany and SAN FRANCISCO — Germany’s Daimler auto company and Uber have announced an agreement to cooperate on the supply and operation of self-driving Mercedes-Benz vehicles. Under the terms of the agreement, Daimler plans to introduce self-driving vehicles on Uber’s global ridesharing network in the coming years. Daimler is the first auto company to […]

News Uber

Uber to Create $3 Million Legal Defense Fund

  Uber CEO Travis Kalanick announced it will create a $3 million legal defense fund to help its drivers with immigration and translation services. The move is in response to President Trump’s executive order banning immigrants from Iran, Iraq, Libya, Somalia, Sudan, Syria or Yemen for 90 days. Taxi drivers went on strike in NYC […]

Uber

Former Google Engineer Signs On With Uber

  Former Google engineer Amit Singhal is joining Uber as its Senior Vice President of Engineering. Singhal worked for Google for 15 years and oversaw the Google search quality department and was responsible for Google search algorithms. Singhal retired from Google in February 2016. He announced his decision to join Uber on his personal website: […]

Uber

Uber Fined $20 Million for Exaggerating Driver Earnings

  Uber Technologies, the San Francisco-based ride-hailing company, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers with exaggerated earning claims and claims about financing through its Vehicle Solutions Program. The $20 million will be used to provide refunds to affected drivers across the country. “Many consumers […]