Uber is a transportation network company (TNC) headquartered in San Francisco, California. Uber offers services including peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company has operations in 785 metropolitan areas worldwide. Its platforms can be accessed via its websites and mobile apps. Uber has been so prominent in the sharing economy that the changes in industries as a result of it have been referred to as Uberisation and many startups have described their products as "Uber for X".
Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber.. Reuters - Published
Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday. ...... WorldNews - Published Also reported by •Reuters
Ride-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to..
A group of investors led by SoftBank and Toyota is in talks to invest $1 billion or more into Uber's self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people..
Business Insider reports wealthy Americans are turning away from designer shoes and bags to show off their riches. Instead, they're now going for more subtle indicators, like health and education. For..
Uber rolled out Uber Rewards and in Uber Eats across the US, Business Insider is reporting. The program was initially introduced on a limited basis in November 2018. Uber Rewards offers points based on..
French Finance Minister Bruno Le Maire detailed a tax bill for digital giant companies like Apple, Google, Amazon, and Facebook that he later introduced during the meeting of the Council of Ministers..
Things did not work out well for three Oklahoma City teenagers who allegedly planned to rob a bank. Newser reports they tried to use an Uber as transportation. Police say the Uber driver who took the..
A research team at the University of Kentucky found that fewer Americans are taking public transit each year. In the past, this was attributed to crumbling infrastructure and service cuts and delays,..
A centralized dispatcher for ambulance services is taken for granted in many countries. Not so in Kenya, where a ride-hailing service for first responders played a major role saving lives during last..
For the first time on Thursday, you'll be able to compare car rides and public transit trips all inside the Uber app, the ride-hailing giant has announced. If you're headed from the Denver airport to..
Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people.. Reuters - Published