[dropcap]J[/dropcap]apanese multinational telecommunications and Internet corporation SoftBank Group has reached a multibillion-dollar deal with San Francisco based Uber Inc, it confirmed in a statement. Although the details of the deal have not been yet disclosed, but as per the reports, the deal could be worth up to $10 billion of Uber’s stocks. It is also estimated […]
Uber’s European policy chief Christopher Burghardt has quit to join the electric vehicle charging network company Chargepoint, the latest senior figure to leave the taxi app, the Financial Times reported on Tuesday. Burghardt, the head of policy for Europe, the Middle East and Africa, departs after less than two years with the group, and will […]
Uber lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating licence in its most important European market, the first stop on what is set to be a long legal road. Transport for London (TfL) shocked the Silicon Valley firm last month by […]
Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities. The move follows a similar one-year suspension in Finland in July to allow a new taxi law to come into effect, however there is […]
Uber’s new boss apologised to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its licence in one of its major markets.
London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities.
Salle Yoo, Uber Technologies Inc.’s chief legal officer, is expected to leave the ride-hailing company, two people familiar with the matter said.
Cab aggregator Uber’s new CEO Dara Khosrowshahi addressed employees on Wednesday and said that the company has to change its culture and may go for an initial public offering (IPO) in 18-36 months. 48 year-old, Khosrowshahi has been leading his travel-booking platform Expedia Inc. for 12 years and recently joined Uber as its CEO and was seen […]
Uber Technologies Inc said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws.
Uber has officially announced Expedia chief Dara Khosrowshahi as its new CEO, handing over the reins to him to turn around things for the troubled US-based cab aggregator.
Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, would take on the daunting task of mending Uber’s […]
Uber Technologies Inc on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching toward profitability.