Uber News Updates

Business, Technology

Barclays: Uber, Lyft 鈥榃ell Positioned鈥 to Turn a Profit

A new analysis by Barclays Capital of about 2.4 billion taxi and ride-hailing trips in New York City addresses the biggest question investors have about Uber Technologies Inc. and Lyft Inc. When will they turn a profit?

December 10, 2019
Government, Business, Technology

Uber Loses License in London Over Safety, Vows to Appeal

LONDON 鈥 London鈥檚 transit authority Nov. 25 refused to renew Uber鈥檚 operating license over concerns about impostor drivers, with the ride-booking company vowing to appeal the decision as it struggles to secure its future in the British capital.

November 25, 2019
Government, Business, Technology, Equipment, Safety, Autonomous

NTSB Calls Uber鈥檚 Fatal Crash a Lesson for All Automated Vehicle Testing

A 2018 fatal pedestrian crash involving an Uber Technologies Inc. automated vehicle in Arizona indicates that the challenges of self-driving vehicle operations have not yet been solved, and underscores a lack of sufficient federal and state oversight of developmental automated vehicle testing, investigators with the National Transportation Safety Board said at a Nov. 19 hearing in Washington.

November 19, 2019
Government, Business, Technology, Safety, Autonomous

NTSB Slams Uber Self-Driving Car Unit鈥檚 Safety Culture

Uber Technologies Inc.鈥檚 self-driving vehicle unit lacked an effective safety culture at the time when one of its test vehicles struck and killed a pedestrian in Tempe, Ariz., in 2018, National Transportation Safety Board Chairman Robert Sumwalt said Nov. 19.

November 19, 2019
Business, Technology

Juno, Once Billed as the 鈥楢nti-Uber,鈥 Shuts Down in New York

Ride-booking startup Juno once billed itself as the 鈥渁nti-Uber鈥濃 a kinder, gentler way to get a ride. It鈥檚 now closing down its New York-based operations, and inviting customers to join Lyft Inc.

November 18, 2019
Government, Business

New Jersey Seeks $640M From Uber for Misclassifying Workers

TRENTON, N.J. 鈥 New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-booking company misclassified its drivers as independent contractors.

November 14, 2019
Business, Technology

Lyft Forecasts Profit by End of 2021, Sending Shares Surging

Ride-hailing company Lyft Inc. is expected to turn a profit by the end of 2021, a year earlier than analysts had expected, company executives said.

October 22, 2019
Business, Technology

Uber to Acquire Chilean Grocery Startup That Walmart Failed to Buy

Uber Technologies Inc. plans to buy a majority stake in online grocer Cornershop, a deal designed to both extend its geographic reach and bolster profits by bundling food delivery with rides.

October 11, 2019
Business, Technology, Autonomous, TCA

Uber to Cut 300 Jobs in Bay Area

Uber Technologies has chopped 300 jobs in the Bay Area, including hundreds in San Francisco and dozens in Palo Alto, a state government filing shows.

September 27, 2019
Government, Business, Technology

Ex-Uber Engineer Anthony Levandowski Publicly Rebuts Theft Claims

Former Uber Technologies Inc. engineer Anthony Levandowski broke his long silence about allegations that he stole driverless vehicle technology from Alphabet Inc.鈥檚 Waymo unit to say that he didn鈥檛 do it.

September 25, 2019