Articles tagged “uber”

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Uber Looks to Acquire Dubai-Based Competitor

Uber Looks to Acquire Dubai-Based Competitor

Giles Turner, Dinesh Nair, Matthew Martin and Eric Newcomer, Bloomberg

After getting pushed out of markets across Asia, it's not surprising Uber would look to further establish itself in the Middle East as it prepares to go public.

2 months ago

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Eric Newcomer, Bloomberg

Uber continues to lose money despite gains in delivery and freight services. Pushing into new sectors isn't doing much for the company's balance sheet as it gears up to go public.

2 months ago

Uber Plans On Disrupting Itself With All Kinds of Transport

Uber Plans On Disrupting Itself With All Kinds of Transport

Eric Newcomer, Bloomberg

As the company prepares for its IPO, it wants investors to know that its ambitions are big. But it's hard to imagine scooters becoming wildly popular, and it's an expensive investment, especially at a time when growth of its core business is slowing.

2 months ago

Dining Gets More Expensive for Business Travelers

Dining Gets More Expensive for Business Travelers

Andrew Sheivachman, Skift

Meals and hotel stays are becoming a bigger cost for business travelers. Airfares have dropped, although this doesn't help companies that dispatch their workers in cars for meetings in nearby cities.

2 months ago

How Much Longer Can Lyft Maintain Its Friendly Image?

How Much Longer Can Lyft Maintain Its Friendly Image?

Eric Newcomer, Bloomberg

Lyft has earned a reputation for being the nice guy, but that can't last long if it wants to be number one in a cutthroat industry.

3 months ago

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Where Do Government Employees Go When They’re Not Being Paid? Uber and Lyft.

Carlyann Edwards, Bloomberg

This is now the second paycheck government workers have missed, thanks to the ongoing political stalemate. More and more employees are having to swap their supposedly steady jobs with work in the gig economy.

3 months ago

Investor in Dubai Ridehailing Service Careem Backs Uber Merger

Investor in Dubai Ridehailing Service Careem Backs Uber Merger

Francine Lacqua and Matthew Martin, Bloomberg

A blessing from Kingdom must be sweet news for Uber, which has been in talks to buy a majority share of its rival in Dubai. Whether it means much remains to be seen.

3 months ago

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Dennis Schaal, Skift

Uber needs to shed its Saudi Arabia investment as long as Crown Prince Mohammed Bin Salman remains in power, and the country bombs innocents in Yemen. Uber's leaders know they have to do this, but how they dump their Saudi investment and the extent of the divorce remain to be seen.

4 months ago

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Eric Newcomer, Bloomberg

It's sometimes lost in the Uber debate that the strongest companies in the world don't try to do everything at once on a global basis. The financial case for investing in a focused and nimble operation tends to be much stronger even if the headlines aren't as sexy.

4 months ago

Uber Takes a Step Closer to IPO

Uber Takes a Step Closer to IPO

Eric Newcomer, Bloomberg

The pieces are falling into place as the year comes to a close with Uber reportedly filing the paperwork for an IPO, promising to make 2019 one exciting year for ridesharing services. Who will win the race to the public markets — Uber or archrival Lyft? Or will increasing volatility in stocks slam on the brakes for those plans?

5 months ago

Lyft’s Long-Awaited IPO Is Coming Soon

Lyft’s Long-Awaited IPO Is Coming Soon

Giles Turner and Elizabeth Fournier, Bloomberg

Lyft has beat Uber to the punch, filing confidentially for an initial public offering. It turns out Lyft's focus on the U.S. at the expense of explosive international growth may pay off. The company is still losing money, though, which could worry potential investors.

5 months ago

Uber Hit With $1.2 Million Data Breach Fine

Uber Hit With $1.2 Million Data Breach Fine

Associated Press

Uber will be hoping the changes it has implemented mean that this type of thing won't happen again. We'll have to wait and see whether that is indeed the case.

5 months ago