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Uber Technologies Incs warring board members have agreed to investment by SoftBank Group Corp in the ride-services company. (Photo: AFP)

Uber reveals strong growth, huge losses ahead of IPO

Uber racked up nearly USD 8 billion in losses over its 10 years in existence.

14 April 2019 2:58 PM IST

Online work platforms took off after Ubers founding in 2009. (Photo: AP)

Lyft's stock slide casts long shadow on Uber's IPO

Lyft's poor stock performance bodes ill for these IPOs, especially for companies like Uber with no profits to show.

12 April 2019 1:31 PM IST

According to Peter Deng, the companys head of riders experience, every day 15 million people take a ride on Uber and capturing incrementally more and better feedback will help them make the service better and recognise top quality drivers.

Uber unveils IPO with warning it may never make a profit

The S-1 filing underscores Uber's rapid growth in the last three years.

12 April 2019 12:22 PM IST

Uber Eats, a mobile app, was launched in the city on Wednesday enabling the gourmet to order food from 250 favourite eating joints on the click of a button.

Uber filing lists revenue gains, struggles of food business

Uber Eats does more deliveries than its US rivals.

12 April 2019 12:21 PM IST

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride hailing.

Uber steers toward blockbuster IPO as road looks rocky

Uber released financial data earlier this year showing it lost USD 865 million in the fourth quarter of 2018.

11 April 2019 10:13 AM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Uber, ahead of IPO, sees some time before self-driving cars dominate...

Self-driving cars are going to be in our lives. The question of when is not clear yet.

9 April 2019 12:24 PM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Uber, ahead of IPO, sees some time before self-driving cars dominate...

Uber, last valued at USD 76 billion in the private market, is seeking a valuation as high as USD 120 billion in its IPO.

9 April 2019 11:31 AM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Stricter rules for transport companies like Uber?

The new law to impose stricter rules on such app-based transport companies, if passed, will come into effect at the...

3 April 2019 1:26 PM IST

Lyft executives including Chief Policy Officer Anthony Foxx said that the company has taken other steps to combat congestion such as showing bus arrival times on its smartphone app and investing in bicycles and scooters. (Photo: AP)

Why some green investors are passing on Uber and Lyft

Both companies hope to push people away from car ownership and promote shared and sustainable transportation services.

3 April 2019 12:58 PM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Uber loses USD 1 billion in quarter as costs grow for drivers, food...

Revenue of USD 3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of USD1.0...

31 May 2019 11:51 AM IST

Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Uber may soon allow you to mark 'favourite' drivers

The option is available on the app after a ride has ended.

30 May 2019 10:58 AM IST

Each scUber ride is priced at USD 3,000 for two passengers.

Meet scUber, the world's first rideshare submarine

Uber will offer riders the opportunity to explore the Great Barrier Reef in the shared vehicle.

24 May 2019 11:11 AM IST