#uber

Lyft released its financial results for the third quarter of 2020 on Tuesday, beating analyst's expectations. Recovery has been observed in the San Francisco-based ride-hailing company's sales from pre-pandemic days, but the revenue is still half of what it was last...

Uber and Lyft have finally celebrated victory regarding the ongoing California labor law, as Proposition 22 — the most expensive ballot measures in California — has been approved by the court. The ballot had its facts put straight up, revolving around...

Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial,...

HopSkipDrive, a Los Angeles based transportation company for children, has received a  $22 million in funding in the latest round. The round, largest yet, saw participation from 15 investors which include Cyrus Capital Partners, State Farm Ventures, Upfront Ventures,...

Uber Technologies, Inc. has announced that co-founder and ex-CEO Travis Kalanick will be resigning from the company's Board of Directors. He will stay active until December 31. Last week, Travis Kalanick sold 90%, worth around $383 million, of his shares in Uber,...

Uber is reportedly selling its delivery service UberEats India business to local competitor Zomato. The company can sell its food delivery app business at around $400 million, and Uber may invest $150 - $200 million further as part of the deal.  Earlier...

Uber considers its drivers as contractors and not as employees because it does not pay the drivers. Instead, they receive 20% from each trip. New Jersey Department of Labor and Workforce Development, however, is not convinced with that argument....

Dara Khosrowshahi, the Iranian born entrepreneur who became CEO of Uber in August 2017 succeeding founder Travis Kalanick, told the audience at the show that he believes the Saudi government made a mistake, which many see as being behind...