uber eats - Tech News from Simmons Systems

Tech News from Simmons Systems

uber eats

A collection of 18 posts

Human Operator Blamed for Viral Serve Robot Crossing LA Crime Scene

A viral video showing a Serve Robotics delivery bot rolling through a Los Angeles crime scene sparks public debate, though the company reveals a remote human operator actually made the decision to cross the caution tape.

Apple's WWDC Highlights Mix With M1 Chip Flaw and Tech Layoffs

Apple dominates the news cycle with its massive WWDC announcements, while an unpatchable M1 chip flaw emerges and widespread tech layoffs continue across multiple industries.

Gig Economy Giants and Tech Startups Face Major Labor and Culture Scrutiny

DoorDash pours millions into California's Prop 22 while surveillance startup Verkada fires employees for abusing facial recognition tech. Meanwhile, Coinbase searches for a new diversity chief following a controversial corporate policy shift.

Uber Partners with Cornershop to Launch Grocery Delivery Service

Uber officially launches a grocery delivery feature in its main app and Uber Eats, starting in parts of Latin America, Canada, and select US cities. The service relies on a new partnership with grocery startup Cornershop to fulfill and deliver orders directly to customers' doors.

Uber Acquires Postmates for $2.65 Billion in All-Stock Deal

Uber purchases Postmates for $2.65 billion in an all-stock transaction following its failed attempt to buy Grubhub. The company plans to operate the Postmates app independently while merging backend delivery logistics.

Uber Cuts 3,000 More Jobs and Closes 45 Offices Amid Pandemic

Uber lays off an additional 3,000 employees and shuts down 45 global offices as the company attempts to become a self-sustaining business. These cuts come just weeks after a previous round of 3,700 layoffs.

Uber Posts Massive Q1 Loss as Food Delivery Surges Amid Pandemic

Uber reports a $2.9 billion first-quarter loss driven by impairment charges, while its Eats delivery segment sees a 50% jump in gross bookings. Despite laying off thousands of employees, the company remains optimistic as ride volumes show signs of recovery.

Zoom Faces Intense Security Scrutiny Amid Global Pandemic Boom

Zoom experiences severe backlash as researchers uncover multiple security vulnerabilities and false encryption claims. Meanwhile, investors warn Indian startups of tough economic times ahead and Uber Eats expands grocery deliveries globally.

Uber Eats UK Waives Fees to Support Restaurants During Coronavirus Crisis

Uber Eats waives delivery and activation fees for UK restaurants struggling during the COVID-19 outbreak, while fast-tracking onboarding for new partners.

Uber Stock Surges 38% as CEO Claims Worst of Pandemic Impact Has Passed

Uber shares skyrocket after CEO Dara Khosrowshahi assures investors the company has enough cash to survive the crisis and points to growing food delivery demand.

Uber Narrows Quarterly Loss and Moves Profitability Goal to Late 2020

Uber reports a smaller-than-expected fourth-quarter loss and accelerates its EBITDA profitability target to the fourth quarter of 2020. The company also shows strong growth in its food delivery segment while continuing to expand its core ride-hailing business.

Uber Nears $400 Million Deal to Sell Indian Food Delivery to Zomato

Uber is in advanced talks to sell its struggling Uber Eats business in India to local competitor Zomato for roughly $400 million. The proposed deal includes an additional Uber investment that gives the ride-hailing giant a sizable stake in Zomato.

Uber Posts $1 Billion Quarterly Loss Despite Revenue Gains

Uber reports $3.8 billion in revenue but loses over $1 billion in the third quarter as its Eats and freight divisions bleed cash.

Uber Shifts Focus to Profitability as Third Quarter Losses Top $1 Billion

Uber beats quarterly revenue expectations but reports a $1.16 billion net loss, prompting CEO Dara Khosrowshahi to prioritize efficiency over rapid growth. The company now targets adjusted EBITDA profitability for 2021.

Postmates Prepares to Go Public Amid Fierce Food Delivery Competition

Postmates plans to release its IPO paperwork in September, aiming for a stock market debut by the end of the third quarter. The delivery company moves forward with its public offering despite ongoing industry consolidation and fierce competition from Uber and DoorDash.