Uber rebutted information about its plans to accept bitcoin as passenger fare.
Uber CEO Dara Khosrowshahi revealed that the company is studying stablecoins as a potential solution to reduce cross-border payment costs.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.
Aside from the AI assistant, which will be integrated into the Uber Eats platform later this year, the company is introducing more features to diversify its payment options.
Google’s transition towards monetizing its mapping products is not only a strategic financial move but also a response to the evolving economic landscape.
Uber Eats is seeking to stay ahead of some of its direct competitors, such as DoorDash and Instacart, by using AI to improve food delivery.
The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up.
Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report.
On Tuesday, Uber released its Q2 2023 earnings report, posting a profit for the first time in its history. For the quarter that ended on June 30, Uber reported $9.2 billion in revenue, which is 14.3% higher compared to last year.
Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders.
Waymo will offer autonomous ride-hailing service and delivery via Uber Eats in the 180-square-mile operating territory around Phoenix.
Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.
Bolt has intimated plans to become profitable in 2024 and leverage its African presence, while mulling a potential public listing in 2025.
The partnership with Uber comes as Stripe started experiencing slower growth.
The verdict has helped bolster the recovery of both Uber and Lyft stocks in the pre-market today.
The partnership between Uber and Motional will not be the first time the latter startup has inked a similar partnership with other ride-hailing giants such as Lyft and Via Networks.