uber - Tech News from Simmons Systems (Page 4)

Tech News from Simmons Systems

uber

A collection of 146 posts

Uber Wins London Licence Appeal, Granted 18-Month Renewal

A London court grants Uber an 18-month licence after the company demonstrates improved safety protocols and better communication with transport regulators.

Yandex Takes Majority Control of Self-Driving Spinoff in $150 Million Deal

Yandex and Uber spin off their joint self-driving vehicle business into a new entity called Yandex SDG. Yandex invests $150 million to secure a 73% stake in the newly independent autonomous driving company.

Yandex Takes 73% Stake in Spun-Off Self-Driving Division

Yandex and Uber agree to spin off their self-driving vehicles business into a new entity called Yandex SDG. Yandex increases its ownership to 73% and invests an additional $150 million into the autonomous driving technology.

Appeals Court Grants Uber and Lyft Reprieve From California Shutdown

An appeals court allows Uber and Lyft to continue operating in California as independent contractors while they challenge a judge's order. The companies now have until early September to outline their compliance plans with the state's gig worker labor law.

Uber and Lyft Face Service Suspension in California Over Driver Classification

A California judge orders Uber and Lyft to reclassify their drivers as employees rather than independent contractors. The ride-hailing companies face a potential shutdown of operations in the state as they appeal the ruling.

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 and Hyundai Partner to Launch Full-Scale Flying Taxi Concept

Uber and Hyundai team up at CES 2020 to unveil a full-scale electric air taxi designed for urban ride-sharing. The S-A1 aircraft aims to revolutionize city transportation with fast, quiet, and efficient flights.

Sony Unveils Electric Car and Hyundai Reveals Flying Taxi at CES 2020

CES 2020 kicks off with surprising reveals, including a concept electric vehicle from Sony and a flying taxi partnership between Hyundai and Uber. The show also features the debut of plant-based Impossible Pork.

Uber Cuts 3,000 Jobs as Pandemic Crushes Ride-Hailing Demand

Uber lays off about 3,000 employees and closes dozens of offices worldwide as the coronavirus pandemic severely reduces its core ride-hailing business. The company also considers selling off unprofitable divisions to conserve cash.

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.

Rideshare Drivers Demand $110 Million COVID-19 Relief Fund From Uber and Lyft

Gig workers urge Uber and Lyft to redirect millions spent on an anti-AB 5 political campaign into a coronavirus assistance fund. The Mobile Workers Alliance highlights the urgent need for financial support as drivers face the ongoing health crisis.

Uber Leads $170 Million Lime Investment Amid Massive Pandemic Layoffs

Uber transfers its Jump bike and scooter division to Lime as part of a major $170 million funding round. The deal significantly drops Lime's valuation while Uber continues to slash its workforce due to the pandemic.

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.