Tag: Uber
Is it better to be a private or public company right now?
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow, what a week, huh? This is yet another one of those weeks. Perhaps this is just life now, and every week will…
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Uber may use its selfie tech to verify drivers are wearing masks
When Uber rolled out its selfie system for drivers in 2016, the ride-hailing company was focused on preventing fraud. In the future, it could be used to ensure drivers are wearing a mask. Uber said earlier this week — CEO Dara Khosrowshahi reiterated today — that it is working through…
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Uber Eats grew like hell in Q1 but Uber still lost nearly $3B
Ahead of its earnings report today, shares of Uber rose around 11%, buoyed by a set of financial results and promises about the future from Lyft that were rated highly by investors. That optimism lapped over the edges onto Uber. Today after the bell, however, the global ride-hailing giant reported…
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Lime now owns Uber’s Jump bike and scooter service
With most people social distancing and working from home, ride sharing services have seen dramatically less usage. The Information reported last month that Uber’s bookings are down 80 percent, and on Wednesday the company announced it will lay off 3,… Source
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Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank
Despite the global panic caused by the current pandemic, startups in Latin America have continued to attract international capital. In April, Mexico’s Alphacredit, Colombia’s Frubana and Brazil’s CargoX were among those that raised particularly large rounds to support their growth during this challenging time. All three companies target markets that…
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Uber will lay off 3,700 full-time employees
Uber plans to lay off 3,700 full-time employees, it revealed in a filing with the Securities Exchange Commission today. That represents about 14 percent of its 26,900 employees, CNBC notes.“Due to lower trip volumes in its Rides segment and the Compa… Source
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