Uber

Uber’s net loss declines as ride bookings grow

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9 per cent in the second quarter of this year as ride bookings jumped. However, the mobile app-based ridesharing company is still far from being profitable.

On Wednesday, Uber announced that its net loss slipped from $708 million in the first quarter of this year to $645 million in the second quarter. In the fourth quarter of 2016, the company’s net loss was recorded at $708 million.

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Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Uber’s South East Asian competitor Grab has raised $2 billion (£1.5bn) from Japanese technology giant Softbank and its China-based equivalent Didi Chuxing.

Grab is expected to raise an additional amount of $500 million (£385m) from some other tech investors before the ongoing round of funding is closed, which would bring the total investment amount for the round to $2.5 billion (£1.9bn).

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Uber denies reports that it tracked users’ devices

Uber denies reports that it tracked users’ devices

Responding to reports that Uber tracked the mobile devices of former users even after they deleted the Uber app, the ride hailing company has denied any wrongdoing.

The New York Times (NYT) recently reported that Uber tracked iPhone users even after the deletion of Uber app from their devices. But, the company claimed that iit never did anything like that.

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Uber president Jeff Jones quits

Uber president Jeff Jones quits

San Francisco-based Uber Technologies Inc. has confirmed that its President Jeff Jones has resigned from his position, deepening turmoil at the ride-hailing company.

Jones resigned and parted with the company just around seven months after assuming the role. He said he had joined the company because of its mission that would help it mature and thrive long term.

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Uber, Lyft respond to Senator Al Franken’s concerns about racial discrimination

Uber, Lyft respond to Senator Al Franken’s concerns about racial discrimination

On Wednesday, Senator Al Franken released the letters received from ride-hailing services Uber and Lyft, in response to his November open letter in which he had asked the two companies to address racism on their platforms.

Senator Franken’s open letter, published on November 2, 2016, was addressed to Uber CEO, Travis Kalanick and Lyft CEO Logan Green. The letter essentially drew attention to the fact that a study released earlier this year had documented the racial discrimination faced by ride-hailing passengers.

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Uber and California DMV representatives to meet lawyers from state AG’s office

Uber and California DMV representatives to meet lawyers from state AG’s office

In a recent report, San Francisco Business Times has revealed that a Wednesday afternoon meeting has been scheduled to be held between ride hailing company Uber, California's Department of Motor Vehicles (DMW), and the state's Attorney General (AG)'s office.

According to the report, "representatives" from Uber as well as the California DMW will meet with the lawyers from the state Attorney General's office on the afternoon of December 21.

The San Francisco Business Times' report of the meeting scheduled for December 21 has been confirmed by the DMW to TechCrunch.

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Uber’s self-driving cars still operating on SF roads despite DMW’s order

Uber’s self-driving cars still operating on SF roads despite DMW’s order

In a recent interaction with reporters, Anthony Levandowsk – VP of Uber’s Advanced Technologies Group – said that Uber will continue to offer self-driving vehicles to its passengers in San Francisco in spite of opposition from California DMW.

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Uber may “very soon” launch its self-driving car fleet in SF

Uber may “very soon” launch its self-driving car fleet in SF

According to a CNET report, a fleet of Uber-branded self-driving vehicles have been spotted in a warehouse in San Francisco. The discovery implies that the ride-hailing service is apparently getting set to launch its self-driving car fleet for San Francisco customers.

The indications of Uber’s imminent launch of a self-driving car fleet in San Francisco marks the expansion of the company’s self-driving pilot in Pittsburgh --- the only US city in which Uber currently offers its self-driving cars after launching a small fleet in September this year.

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Uber announces complete overhaul of its app

Uber announces complete overhaul of its app

On Tuesday, Uber CEO Travis Kalanick announced a major redesign of the Uber app, revealing that the app has been overhauled completely to focus on speed as well as efficiency.

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Uber acquires self-driving truck startup Otto

Uber acquires self-driving truck startup Otto

In a recent acquisition move, popular ride-hailing company Uber Technologies Inc. has taken over well-known self-driving truck startup Otto.

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