Uber rebutted information about its plans to accept bitcoin as passenger fare.
Startup software developer DEC recently generated $9 million to decentralize ridesharing and provide a seamless alternative to Uber.
Rising EV manufacturer Stellantis has partnered with Uber to make a play for electric vehicle market in France.
The Lapsus$ Hacking Group exploited some of the employee accounts and internal tools of Uber, however, there’s no breach of customers sensitive information so far.
Uber Eats and Nuro will initially conduct tests in Houston, Texas, and Mountain View, California. And further they will expand their operations to other regions.
In a bid to curtail these ongoing valuation declines, SoftBank’s Founder and Chief Executive Officer, Masayoshi Son has revealed plans for the Vision Fund vehicle to taper down its rate of investments which is also likely to reduce its overhead losses.
The company said it has continued to record continuous growth in both its user count and the number of active drivers on its platform.
According to the report, the sidewalk robot is powered by “Serve Robotics, a spin-off of delivery company Postmates,” which was acquired by Uber in 2020.
Uber recorded as much as a $5.9 billion equity loss that can be attributed to its equity investments.
Uber’s mobility and food delivery business registered a healthy uptick last quarter. UBER stock adds another 5% in the pre-market session on Friday.
The European Commission-proposed directives hold the power to change the lives of over 4 million platform workers across the Union.
