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ride-hailing

Uber posts $1 bn loss in first quarterly report after going public

TMT

31 May, 2019

Uber posts $1 bn loss in first quarterly report after going public

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its ......

Uber valuation drops to $61 bn as shares slump after ill-fated IPO

TMT

13 May, 2019

Uber valuation drops to $61 bn as shares slump after ill-fated IPO

Uber Technologies Inc's shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant's poorly received market ......

Uber valued at $82 bn in IPO as market jitters, Lyft woes weigh

TMT

10 May, 2019

Uber valued at $82 bn in IPO as market jitters, Lyft woes weigh

Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range for a ......

Uber sets price range for IPO, targets $91.5 bn valuation

TMT

26 April, 2019

Uber sets price range for IPO, targets $91.5 bn valuation

Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, ......

Uber's Amit Jain quits as Asia-Pacific unit chief

People

24 April, 2019

Uber's Amit Jain quits as Asia-Pacific unit chief

Uber Technologies Inc said on Wednesday the head of its Asia-Pacific operations will leave the company at the end of ......

How SoftBank is going about its quest to rule the road

TMT

12 April, 2019

How SoftBank is going about its quest to rule the road

SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies ......

Uber files for IPO, warns it may 'never' make a profit

TMT

12 April, 2019

Uber files for IPO, warns 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 ......

Uber to float $10-billion IPO, lowers valuation expectation

TMT

10 April, 2019

Uber to float $10-billion IPO, lowers valuation expectation

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public ......

Uber rival Lyft gets $24.3 bn valuation in first ride-hailing IPO

TMT

29 March, 2019

Uber rival Lyft gets $24.3 bn valuation in first ride-hailing IPO

Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, ......

Uber to acquire Middle East ride-hailing rival Careem in $3.1 bn deal

TMT

26 March, 2019

Uber to acquire Middle East ride-hailing rival Careem in $3.1 bn deal

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a ......