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Uber To California: We Could Leave The Golden State Temporarily
Wednesday, August 12, 2020 - 2:56pm | 465Read More...Uber Technologies Inc (NYSE: UBER) made it clear to the public Wednesday that it wouldn't hesitate to shut down its operations in California if the state proceeds with a new law mandating that the ride-hailing company treat drivers as employees. What Happened: Uber has 10 days to...
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Uber's Financial Services Head Quits As Company Scales Back Finance-Related Products
Friday, June 26, 2020 - 12:56am | 371Read More...Uber Inc’s (NYSE: UBER) financial services unit head Peter Hazlehurst resigned Thursday as the company changes course on financial services. What Happened Hazlehurst’s decision to leave Uber Money is related to the company’s decision to focus on rides and food delivery and to...
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Uber CEO And Rockefeller Foundation Advocate Stronger Worker Safety Nets
Wednesday, June 10, 2020 - 9:06am | 574Read More...In a write-up in Fortune magazine, Dara Khosrowshahi, CEO of Uber Inc. (NYSE: UBER) and Rajiv J. Shah, president of the Rockefeller Foundation, make a case for a broader safety-net for the American worker. The Economy Has Fundamentally Changed Both Khosrowshahi and Shah claim that...
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Uber's Ride-Hailing Business Shows Recovery In May, Food Delivery Continues On Pandemic Growth, CEO Says
Thursday, June 4, 2020 - 4:43am | 368Read More...Uber Technologies Inc. (NYSE: UBER) is seeing its business slowly recovering from lows hit earlier this year due to the novel coronavirus-related (COVID-19) lockdowns, Chief Executive Officer Dara Khosrowshahi said in a conference call with Bank of America analysts, Reuters reported. What Happened...
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Uber, Lyft Temporarily Suspend Service In Some US Cities Due To Protests
Tuesday, June 2, 2020 - 5:50am | 396Read More...As protests continue over the killing of George Floyd, an African-American who died while being restrained by a white policeman, some local governments have imposed curfews, leading to ridesharers Uber Inc. (NASDAQ: UBER) and Lyft Inc. (NASDAQ: LYFT) suspending services. What Happened Uber has...
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Uber To Donate $1M To Groups That Make 'Criminal Justice In America More Just,' Says CEO Khosrowshahi
Monday, June 1, 2020 - 12:54am | 383Read More...Uber Inc. (NYSE: UBR) will donate a million dollars to two justice reform groups to express solidarity with the black community in the wake of the protests that have escalated over the killing of George Floyd. What Happened The CEO of Uber, Dara Khosrowshahi, tweeted Sunday the company “...
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GrubHub Rejects Uber's Latest Acquisition Proposal, But Talks Continue: Report
Monday, May 18, 2020 - 6:08am | 285Read More...GrubHub Inc. (NYSE: GRUB) has rejected the latest acquisition offer from Uber Technologies Inc. (NYSE: UBER), according to a Wall Street Journal report Monday. What Happened The food delivery business's Chief Executive Officer Matt Maloney met his Uber counterpart Dara Khosrowshahi on Sunday,...
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Uber To Cut Thousands Of Jobs Again
Monday, May 18, 2020 - 1:52am | 269Read More...Uber Technologies Inc. (NYSE: UBER) is trimming its workforce by the thousands in a new round of layoffs. What Happened A Business Insider source revealed that the ride-sharing company plans a massive cull of its workforce. An Uber spokesperson told the publication, “As you would expect...
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Uber CEO On Q1 Results, Outlook: 'Everything Is On The Table Now'
Friday, May 8, 2020 - 3:45pm | 573Read More...Ride-hailing company Uber Technologies Inc (NYSE: UBER) experienced a strong January and February, followed by a "difficult" March and then a "shock to the system" in April as Rides experienced an 80% year-over-year decline, CEO Dara Khosrowshahi said on CNBC's "Squawk...
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Uber Launches Tool To Help Drivers Affected By Coronavirus Find Work
Tuesday, April 7, 2020 - 7:47am | 430Read More...Uber Technologies Inc. (NYSE: UBER) announced on Monday a new tool to help drivers affected by novel coronavirus (COVID-19) pandemic find work. What Happened The tool called "Work Hub" has been added to the Uber driver app across platforms, and it is only available in the United States at...
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Self-Driving Car Engineer Demands $180M Compensation From Uber For Google Trade-Secret Theft Case
Thursday, April 2, 2020 - 5:33am | 314Read More...Self-driving technology star Anthony Levandowski has filed a motion to get Uber Technologies Inc. (NYSE: UBER) into an arbitration, Bloomberg reported Wednesday. What Happened The arbitration is related to the trade secret-theft dispute with Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and the...
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Uber CEO Asks Trump To Provide Relief To Drivers On Its Platform Due To Pandemic
Tuesday, March 24, 2020 - 6:06am | 440Read More...Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter. Uber Technologies Inc. (NYSE: UBER) chief executive officer Dara Khosrowshahi on Monday wrote to President Donald Trump, asking him to provide...
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Uber CEO Confident Company Will Survive Coronavirus Pandemic, Reveals It Has $10B In Liquidity
Friday, March 20, 2020 - 6:41am | 517Read More...Uber Technologies Inc.’s (NYSE: UBER) CEO Dara Khosrowshahi assured investors that the company would survive the coronavirus pandemic even as its customer base stays home. Uber Is Sitting On Piles Of Cash Khosrowshahi is taking steps to survive the worldwide spread of COVID-19. He...
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Uber Eats Top Executive Resigns
Tuesday, February 25, 2020 - 11:07pm | 404Read More...Uber Technologies Inc.’s (NYSE: UBER) food delivery arm Uber Eats’ head Jason Droege has resigned. What Happened Pierre-Dimitri Gore-Coty, who is the Vice President of International Rides at Uber, will replace Droege as the head of Eats. Droege will stay at the helm at Eats until June...
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Cramer Credits Uber For Getting 'Its Act Together'
Tuesday, February 11, 2020 - 10:05am | 380Read More...Uber Technologies Inc's (NYSE: UBER) management team deserves credit for getting "its act together" and this could result in a sooner-than-expected profit, according to CNBC's Jim Cramer. Uber's "phenomenal" earnings report is highlighted by a better-than-...
