Uber posts $1 bn loss in Q1 on growing revenue
Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users.
Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users.
Business
May 31, 2019
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Uber riders prone to rude behavior such as leaving trash or urging drivers to speed may be booted from the app under a policy change that took effect here Wednesday.
Business
May 29, 2019
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A Barcelona-based association of taxi drivers on Thursday announced it would lodge a legal complaint against ride-hailing services Uber and Cabify for fraud and other offences.
Business
May 23, 2019
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A select few Australians will soon be able to briefly book an Uber submarine to the Great Barrier Reef, the ride-sharing giant said Thursday.
Business
May 23, 2019
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Uber shares went into a fresh skid Monday—more bad news for the global ride-hailing giant, which endured steep declines in its hotly anticipated market debut last week.
Business
May 14, 2019
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A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers.
Business
May 11, 2019
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Uber shares skidded Friday in a disappointing Wall Street debut following a massive public offering from the global ride-hailing giant.
Business
May 10, 2019
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Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price.
Business
May 10, 2019
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Uber's next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with potential and conspicuously lacking in profits.
Business
May 10, 2019
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Uber, set to make its stock market debut in one of the largest technology share offerings, has become a disruptive force in local transportation and generated its share of controversies.
Business
May 9, 2019
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