#uber

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    Uber Stock Drops as Q3 Gross Bookings Fall Short of Expectations.

    Overview: Uber Technologies (UBER) saw a sharp decline in its stock price, falling nearly 10% on Thursday after reporting lower-than-expected gross bookings for the third quarter. Despite showing strong revenue and net income growth, the company's performance raised concerns about future growth...
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    Uber Partners with Coco for sidewalk delivery Robots

    Uber is expanding its partnership with Coco, a sidewalk robot delivery service, to enhance its Uber Eats platform. Initially launching in Los Angeles, the collaboration aims to broaden its reach to more cities later in 2024. Coco’s fleet, consisting of over 1,000 emissions-free robots, is...
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    Dutch Watchdog Imposes $324M Fine on Uber for GDPR Violations in Data Transfer

    Dutch Data Protection Authority (DPA) imposed a significant fine of $324 million on Uber for violating the European Union’s General Data Protection Regulation (GDPR). The fine was levied due to Uber's improper transfer of sensitive personal data belonging to its European drivers to servers in...
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    Uber and Cruise to Launch Driverless Vehicles in 2025

    PARTNERSHIP ANNOUNCEMENT: Cruise, a subsidiary of General Motors, will partner with Uber to introduce driverless vehicles on the Uber platform starting in 2025. The service will initially launch in an unspecified city using Chevy Bolt-based autonomous vehicles. BACKGROUND: Cruise halted its...
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    UBER, BYD PARTNER TO BRING EVs TO RIDE-HAILING PLATFORM GLOBALLY

    Uber (UBER.N) and Chinese automaker BYD (002594.SZ) announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally. The partnership will begin in Europe and Latin America, offering drivers accessible pricing and financing...
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