Uber - Page 4

Shares of Uber Technologies Inc. plummeted in after-hours trading Monday and into Tuesday after the ridesharing company reported that it lost a whopping $1.16 billion in the third quarter, exceeding losses from the same quarter last year by 18 percent.

An Uber driver in Columbus, Ohio, has been accused of raping a rider, reports say.

Uber, Lyft, and DoorDash have unveiled a new ballot measure intended to fight the recently passed California law that will re-classify gig economy workers as employees, potentially devastating their business models which rely on armies of drivers who are treated as contract workers.

Uber Technologies Inc. is laying off nearly 400 American employees at its California offices while seeking to import hundreds of foreign workers through the H-1B visa program. 

WeWork is the latest casualty of the IPO bloodbath.

According to a recent report from the Washington Post, ride-sharing company Uber prevented its own investigators from reporting crimes to the police.

Oracle CEO and influential Silicon Valley billionaire Larry Ellison is no fan of Uber, reportedly calling the ride-sharing company “almost worthless” at a recent talk.

Uber struck a defiant note Wednesday, saying that it won’t reclassify drivers as employees despite a California law expected to take effect in January that would dramatically change the status of gig workers in the state. According to the company, drivers fall “outside the usual course of Uber’s business.”

(UPI) — Nearly 150 U.S. companies have signed and sent a letter to the U.S. Senate, urging the chamber to act on gun control legislation that requires tougher background checks on all gun sales and imposes strong “red flag” laws.

California lawmakers passed a watershed gig employment bill early Wednesday morning, paving the way to dramatically change the way companies like Uber and Lyft do business.

The newspaper industry lobbied for, and won, a one-year delay for newspaper delivery drivers in a new California bill on the “gig economy” that makes businesses classify workers as employees rather than independent contractors.

Ridesharing company Lyft has been hit with a nationwide lawsuit from 14 women who claim they were sexually assaulted and raped by their drivers.

Uber has proposed to pay its drivers a new hourly minimum wage of $21, but a union affiliate representing the company’s drivers remains critical, as the proposed hourly wage would only apply while drivers actually have passengers in the car or are in route to pick someone up. The proposal is to counter a California bill classifying drivers as employees instead of independent contractors — which analysts believe could bankrupt rideshare companies.

A recent investigation by automotive website Jalopnik claims that Uber and Lyft are not paying drivers as much as they claim to. After studying nearly 15,000 fares submitted by drivers, the rideshare companies were pocketing between 8.5 and 10.6 percent more of revenues than they claim.

An Uber driver in Pennsylvania was found guilty of raping an intoxicated passenger and then charging her $150 for vomiting in his vehicle.

A 26-year-old illegal migrant was arrested in Bordeaux this week after being accused of raping a woman while working as a delivery man for Uber Eats.

Ride-sharing service Uber posted poor quarterly results this week, with the Company’s losses in the second quarter alone being larger than the 2018 annual losses for all but three companies in the S&P 500.

A recent exposé on a number of Silicon Valley delivery apps reveals the pressure drivers are put under and how tips meant for drivers are diverted directly to the bottom line by some popular delivery apps, including DoorDash.

Vinicius Porto was caught red-handed by the 23-year-old New Jersey woman to whom he delivered food.

A recent report from the Guardian claims that a number of female drivers for Uber and Lyft have felt abandoned by the ride-sharing companies after reporting incidents of sexual harassment.

The New York state assembly has given Uber, investors, and business groups a huge extra supply of 250,000 illegal immigrant drivers, so depressing wages for Americans and legal immigrants who earn their wages by delivering people, cargo, and food to their destinations.

Social media giant Facebook is expected to reveal its new digital cryptocurrency next week, backed by Visa, Mastercard, Uber, and others.

Breitbart News senior tech reporter Allum Bokhari, who recently uncovered Facebook’s process of labeling its users “hate agents,” elaborated on his exclusive report and how he expects it to evolve in a Friday interview with SiriusXM’s Breitbart News Daily host Alex Marlow. Bokhari pointed out the striking similarity between the Silicon Valley Masters of the Universe and the Chinese government, which has implemented a “social credit system” in an effort to train its citizens to behave in a manner that pleases the communist regime.

Uber claims that its self-driving cars are being “bullied” by pedestrians and drivers who are “testing the boundaries” of the vehicles. The ride-sharing company says that people have been captured on camera giving the cars rude gestures and uttering rude remarks.

Silicon Valley investors have already gotten some election officials to begin using “vote by phone” technology, and hope that the concept will flourish, eventually becoming the new standardized voting procedure. Experts in coding and cryptography, however, are concerned over the tech innovation, warning that it will introduce more problems than it will solve.

Multi-hyphenate mogul and political activist Jay-Z, real name Shawn Carter, is now a billionaire thanks to a throng of business ventures.

Two Jewish women say an Uber driver in Los Angeles, CA, who identified himself as “Palestinian” kicked them out of his car after learning they were leaving a celebration of Israel’s Independence day.

Ride-sharing companies such as Uber and Lyft have been betting that self-driving cars will make the companies profitable, but recent research from MIT claims that self-driving car operating costs may be even higher than personal car ownership.

Uber announced this week that it will soon ban customers with low passenger ratings, which are assigned by drivers after a ride.

A third South Korean taxi driver in a matter of months burned himself to death in protest of the growth of carpooling services, Yonhap News Agency reported on Wednesday.

A former Somali military commander who was accused of committing war crimes in the 1980s was reportedly spotted driving for Uber in Virginia. Yusuf Abdi Ali has been living in the United States since he was deported from Canada following an investigation into his alleged war crimes by the CBC.

Uber is poised to bring massive returns to a slew of Hollywood celebrities who invested early, with an initial valuation of $82 billion.

Ride-sharing app Uber may have to turn to selling its vast trove of user data to finally turn a profit. Following the rest of the Silicon Valley Masters of the Universe, Uber could reportedly profit from user data, which an insider described as “a wildly successful data collection on who uses it and how they use it and where they go.” 

Ride-sharing app Uber has finally admitted that the company may never be profitable, reminding many of the dot-com crash of the 2000’s.

In its latest filing for its initial public offering, the rideshare company Uber Technologies made a bold prediction: People are going to prefer riding scooters around town to riding in cars during rush hours.

San Mateo, California, police have arrested a Rancho Cordova Uber driver after he allegedly returned to his pickup point to rob the home of one of his customers.