Uber Technologies, Inc. (UBER)
On-demand transit can disrupt commuting as much as Uber did taxis, say researchers
Is public transit ready for a gig economy-style shake up? A group of researchers at Concordia believes that the ride-share model made popular by companies like Uber and Lyft might be a useful, innovative and savings-based approach for suburban commuters as they trudge to work.
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Uber rival Bolt surges into the black
Uber rival Bolt's UK wing turned a £47 million pre-tax loss in 2022 on its head with nearly £8.3 million in pre-tax profit penned in 2023, according to accounts filed with Companies House on the weekend. Bolt's profitable year stemmed from an £80 million-plus tax credit, which also served to increase net assets to £45 million from more than £22 million in liabilities in the prior year.
Is Uber's Stock Going to Crash in the Next 18 Months?
Uber Technologies (NYSE:UBER) is among the top global players in the ride-hailing market, serving up more than
Uber drives deeper into South Korea to take on Kakao Mobility
After seeing double-digit growth in South Korea, Uber Technologies has announced a strategic plan to double down in the country — directly challenging market leader Kakao Mobility, the ride-hailing unit majority-owned South Korean messaging and tech giant Kakao.
Uber CEO says growth in South Korea promising despite underdog status
Uber Technologies Inc's CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao , and said the platform will attract more taxi drivers for growth.
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
As part of a broader commercial partnership, Uber is investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. The investment is an extension of Wayve's $1 billion Series C funding round announced earlier this year, which was led by Japanese tech investor SoftBank.
Costco offers discounted gift cards for Uber, Instacart, and DoorDash amid slowdown concerns
Costco Wholesale Corporation (NASDAQ: COST) is enhancing its lineup of discounted gift cards by adding Uber, Instacart, and DoorDash to its offerings. This strategic move, highlighted by Oppenheimer analyst Rupesh Parikh, is designed to keep cost-conscious consumers engaged as concerns about an economic slowdown loom large.
Uber Fined $324 Million by Dutch Watchdog Over Driver Data Protection
The authorities in the Netherlands said the ride-hailing company had violated European data protection laws when it sent sensitive information to the United States.
Uber fined $324M over transfer of EU driver data to US
Uber Technologies Inc (NYSE:UBER, ETR:UT8) has been slapped with a $324 million (€290 million) fine by Dutch regulators for transferring the personal data of European taxi drivers to the United States, violating European Union data protection rules. The Dutch Data Protection Authority (DPA) said on Monday Uber failed to appropriately safeguard the data it transferred to the US, constituting a “serious violation” of the General Data Protection Regulation (GDPR).
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Uber Fined $324 Million for EU Data Protection Breach
Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data.
