Uber

Uber announced its fourth quarter 2018 earnings yesterday, reporting a net loss of $865 million and an adjusted pro-forma net loss of $768 million. Though the figures on the outset look better than Q3 2018 pre-tax net loss of $971 million, the Q4 2018 net loss was lessened due to a tax benefit,...

Good day, Last year, the Supreme Court gave out a verdict that has sweeping ramifications for taxi-hailing companies like Uber and Lyft. The Supreme Court decision would make it a lot harder for on-demand hailing companies to label their workers as independent contractors (as is the norm right now...

The term "ride-sharing" has seen incremental relevance since the dawn of this decade, as services like Uber and Lyft expand robustly across the U.S., trying to cater to the common man with services that range from cab-hailing and carpooling to on-demand electric scooter hailing. However,...

Despite a rough fourth quarter, 2018 was a robust year for U.S. IPOs, with deal numbers and proceeds rising 19 percent and 32 percent, respectively, to 190 and $47 billion, according to IPO investment manager Renaissance Capital. The firm attributed the buoyancy to abundant health care, tech and...

The on-demand taxi-hailing market in the U.S. overlooks a race that might be the first of its kind, as both Uber and Lyft battle it out on who would go public first. Reports came in last week that Lyft had filed for an initial public offering with the SEC, but the Wall Street Journal ran a story a...

With 2019 just a few months away, investors' interest in the third quarter financials of Uber and Lyft has been sky-high, as the cab-hailing companies are entangled in a high stakes game towards going public next year. Though a private company, Uber chooses to put its financial results out...

Uber Inc. has had a momentous week, with it introducing a new company called Powerloop last Thursday, which would rent out trailers to power-only carriers, enabling them to increase revenue by taking up more loads. Just before that, Uber Freight had come with an announcement of its own, unveiling...

Uber Inc. has floated out a new company called Powerloop, an affiliate to Uber Freight, which will rent out trailers to carriers and enable them to participate in a re-envisioned trailer pool model. FreightWaves caught up with Max Pike, strategy lead and Kofi Asante, product strategy at...

One of the biggest advantages of connecting vehicles wirelessly to each other and the cloud is the visibility it brings into large amounts of data. Companies as diverse as Uber, Navistar and Tesla have embraced connected technology, allowing them to monitor their assets, communicate with...

What's going on for drivers in what J.P. Morgan Chase & Co. (NYSE: JPM) calls the "online platform economy"—think Uber and Lyft—is exactly the opposite of what is happening in the market for truck drivers. There are more of them. And their earnings are falling. That is...

Hospitality service Airbnb provides an online marketplace that allows users to rent out their houses, properties and spare rooms to travelers. The service reported 29 million users in the U.S. and Europe in 2017, and 33 million so far in 2018, according to a study conducted by Statista....

Over the last few months, Uber Inc. has been on the path of extending its services to different domains, of which the electric bike-sharing business looks to be a primary focal point. In April, Uber acquired bike-share startup Jump for nearly $200 million, getting a foot on the door and launching...

Toyota Motor Corp (ADR) (NYSE: TM) is making an incremental investment in ride hailing company Uber's self-driving car project. What Happened Toyota announced that it has agreed with Uber Technologies to expand their existing collaboration in a bid to bring autonomous ride-sharing as a...

For consumers, the innovation of ride-sharing services has arguably made travel better and more convenient. For existing taxi drivers and other ride-hailing drivers, that's far from the case. What Happened On Wednesday, New York City became the first major U.S. city to temporarily halt new...