British drivers have been panic buying gasoline in recent days, leading to lengthy lines and gas station closures. Despite the chaos, Uber told CNBC that "there has been no direct
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Uber just had its best day in 10 months, but traders warn of bumpy path
Uber shares have taken a U-turn this week. The stock rallied more than 11% on Tuesday for its best day since November. The jump came after Uber upped its third-quarter
Continue reading »Uber is buying the rest of grocery delivery start-up Cornershop
Uber is acquiring the remaining interest in grocery delivery start-up Cornershop. The deal comes nearly two years after the rideshare giant took a majority stake in Cornershop for an undisclosed
Continue reading »Uber grants UK drivers worker status after losing major labor battle
Uber will reclassify all U.K.-based drivers as workers. Under the new designation, more than 70,000 drivers will receive some benefits, including minimum wage, holiday time and pension contributions, but they
Continue reading »Uber, DoorDash Raising Prices in California to Fund Driver Perks
Uber Technologies Inc. raised prices for customers in California on Monday, and DoorDash Inc. will soon follow, adding fees to fund new driver perks granted by the state’s voters in
Continue reading »Uber Considers Franchising in Response to California Labor Law
In another sign that a new law in California could force dramatic changes to ride-hailing in the state, Uber Technologies Inc. said it’s considering licensing the brand to independently operated
Continue reading »Uber Is Reducing Workforce by 14% and Signals More Cuts to Come
Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks
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