Articles tagged “uber”

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Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Uber Didn’t Listen Enough to Cities, a Top European Exec Concedes

Patrick Whyte, Skift

Uber has tried hard to change its image in recent years, but has it worked?

5 months ago

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

Dennis Schaal, Skift

Uber certainly isn't making a profit yet, which isn't the worst thing in the world, considering the mammoth market opportunity. Still, investors in its initial public offering should know it could take several years before that red ink turns black.

5 months ago

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Eric Newcomer, Bloomberg

The autonomous-car unit is a very costly endeavor with Uber not making any profits. But the latest $1 billion investment helps Uber to go on its IPO roadshow with additional fuel.

5 months ago

Uber’s Airport Rides Still Small Part of Business, IPO Filing Reveals

Uber’s Airport Rides Still Small Part of Business, IPO Filing Reveals

Sean O'Neill, Skift

Expect new light on the importance of airport rides to the fortunes of Uber to prompt more airport authorities and ground transportation companies to pressure the company harder for various concessions.

5 months ago

SoftBank May Lose Uber Board Seats After U.S. Security Review

SoftBank May Lose Uber Board Seats After U.S. Security Review

Eric Newcomer, Bloomberg

It doesn’t look good for SoftBank. The U.S. Committee on Foreign Investment has immense power under President Trump and has been cracking down on foreign investment. This puts overseas investors in a very uncertain position, which could lead to fewer international business deals.

5 months ago

Vista Global Buys Uber-Style Private Jet App

Vista Global Buys Uber-Style Private Jet App

Lucca de Paoli and Manus Cranny, Bloomberg

Vista is getting bigger, as more and more companies realize it’s way easier to rent a jet rather than own one outright. Now, this most recent acquisition makes booking seats even easier, but who knows if it will catch on with luxury travelers.

5 months ago

Vancouver Shuns Uber While Chinese-Language App Kabu Thrives

Vancouver Shuns Uber While Chinese-Language App Kabu Thrives

Natalie Obiko Pearson and Krista Gmelich, Bloomberg

The underground ride-sharing app has big plans for growth, with an English version coming soon. By the time Uber gets on the road, it may find itself up against a solid competitor.

6 months ago

Uber Buys Middle East Rival Careem for $3.1 Billion

Uber Buys Middle East Rival Careem for $3.1 Billion

Eric Newcomer, Bloomberg

Aside from getting rid of a worthy competitor and making it family, the deal bolsters Uber’s position as a global player against rival Lyft as both head for a public listing.

6 months ago

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Lyft’s Good Problem to Have: Its IPO Is Oversubscribed

Olivia Zaleski and Eric Newcomer, Bloomberg

Looks like Lyft's initial public offering is already oversubscribed. Investors are willing to overlook its significant losses and forget that strong demand ahead of an offering does not mean success in public markets. As Facebook has shown.

6 months ago

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Lyft Expected to Reveal a $2 Billion IPO Plan Anytime Now

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft aims for a market valuation of $20 billion to $25 billion, which will make its offering the biggest from a technology upstart since Snap’s IPO two years ago.

6 months ago

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Eric Newcomer, Bloomberg

Given the massive bet it has on Uber, SoftBank will want to do all to ensure the ridehailing company's success — including bankrolling Uber’s very expensive self-driving car unit.

6 months ago

Saudi Arabian Travel Firm Al Tayyar Aims to Expand

Saudi Arabian Travel Firm Al Tayyar Aims to Expand

Filipe Pacheco and Donna Abu-Nasr, Bloomberg

One of the kingdom’s largest travel companies, Al Tayyar, could receive a cash boost if it sells its stake in a ridehailing company to Uber as expected. The Saudi Arabian travel firm will need to invest the windfall wisely if it wishes to avoid the troubles facing companies like TUI and Thomas Cook.

7 months ago