Uber, the ride-hailing company, plans to pour its profits into expanding its products and investing in technology in emerging markets. BGR, citing an email penned by Uber CEO Dara Khosrowshahi, reported the company will reinvest profits in emerging markets, including India, so it can beef...
Uber’s CEO is making a bold prediction, stating that within the next decade, ride-sharing customers will be chauffeured around in flying cars. “There will be people flying around Dallas, Texas,” CEO Dara Khosrowshahi said at the DLD tech conference in Munich, according to Bloomberg Technology....
Uber has confirmed it is shutting down its U.S. auto-leasing business known as Xchange Leasing, which will affect about 500 jobs. According to a news report in The Wall Street Journal, the move comes months after Uber executives found out it was losing 18 times...
In Uber news, Expedia chief executive officer Dara Khosrowshahi confirmed Tuesday (Aug. 29) he will become the new chief executive of ridesharing company Uber Technologies. In an interview with The Wall Street Journal, Khosrowshahi said while the contract is not finalized as of yet, he...
August 16, 2018
Uber revealed that its second-quarter revenue increased 63 percent from the prior year to $2.8 billion, while gross bookings jumped 41 percent to about $12 billion. According to The Wall Street Journal, while the company narrowed its loss to $891 million in the second quarter from $1.1 billion a year ago, the loss was bigger […]
May 24, 2018
Uber, the ride-hailing company, plans to pour its profits into expanding its products and investing in technology in emerging markets. BGR, citing an email penned by Uber CEO Dara Khosrowshahi,...
January 23, 2018
Uber’s CEO is making a bold prediction, stating that within the next decade, ride-sharing customers will be chauffeured around in flying cars. “There will be people flying around Dallas, Texas,”...
September 28, 2017
Uber has confirmed it is shutting down its U.S. auto-leasing business known as Xchange Leasing, which will affect about 500 jobs. According to a news report in The Wall Street...
