Uber buying Transplace in $2.25B logistics bet

Can Uber stay the global leader in ride-hailing? Evercore ISI Senior Managing Director Mark Mahaney on tech stocks like Uber and Spotify.  Uber not only wants to give you rides, but the company also wants to help fix America's supply chain chaos.  Uber Freight will acquire Transplace for approximately $2.25 billion, consisting of up to […]

Uber And Lyft To Offer Free Rides To And From Vaccination Sites

President Joe Biden said to ensure that transportation is less of a barrier for those who want to get vaccinated, from May 24 through July 4, Uber and Lyft are going to offer everyone free rides to and from vaccination sites in the United States. “That makes it easy for students who will work with […]

4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi 'cleansed' its culture and revived its bid to dominate transportation.

Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August […]

Uber reports best month for bookings in company’s history

More On: uber Teens accused in deadly Uber Eats carjacking may get cushy plea deal with no jail time: report Uber ordered to pay blind woman $1.1 million for repeated discrimination Fatal carjacking of Uber Eats driver is part of disturbing trend in DC: cops DC mayor issues tone-deaf tweet in wake of Uber driver […]

Uber stock slips as Chinese rival reportedly plans to enter the Western European market

Nisian Hughes/Getty Images Uber shares fell Wednesday with a report that rival Didi is preparing to operate in Europe. Didi is considering ride-hailing services in the UK, France and Germany, The Wall Street Journal reported.   Didi is making expansion plans ahead of a possible IPO for the Beijing-based company.   Visit the Business section of Insider […]

Uber selling off its troubled self-driving-car unit could be the next step in Dara Khosrowshahi's bid to wipe away Travis Kalanick's 'growth at all costs' ethos

Uber is in talks to sell its troubled autonomous-vehicle division, ATG, to the startup Aurora Innovation, TechCrunch reported. ATG has struggled to make visible progress on self-driving, so the talks may be driven more by Uber's desire to rid itself of the unit than Aurora's interest in ATG's assets, analyst Sam Abuelsamid said. A sale […]

Uber CEO: Climate is a team sport

London (CNN Business)UK electric vehicle startup Arrival is going public in New York. Arrival said in a statement on Wednesday that it has agreed to merge with “blank-check” company CIIG, in the United States, a deal that values the startup at $5.4 billion and gives it a stock market listing. The transaction is expected to […]

Uber CEO: Let's change the system on gig work

(CNN Business)At first, Uber and Lyft driver Michael Richert was undecided about how he would vote on Proposition 22, a California ballot initiative sponsored by gig economy giants Uber, Lyft, DoorDash, Instacart and Uber-owned Postmates that comes up for a vote in November. Then, he found out how much they were spending to get it […]