World’s largest ride-hailing company, the stock is set to sink on Monday morning after the firm license got suspended, for operating in London. The stock market fell drastically at 6.3% in premarket trading, at 10:30 a.m.
Tag : uber
Competition Among Ride Hailing Services Increases, As People Are Reaching Out!
Competition in world ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East’s largest market. Operators say there is
Uber fired 435 employees from its product and engineering teams on Tuesday in its second major layoff. According to TechCrunch, some 170 people have departed the company’s product team, with another 265 engineers leaving as well,
Uber is apparently laying off 400 people from its marketing team, in order to cut down costs. The decision is reportedly taken due to the slow growth and dissatisfaction within the company. The layoff is
Uber is releasing a new feature to help riders ensure they’re getting into the right vehicles. The development comes several weeks after a University of South Carolina student was killed after getting into a car
Uber Technologies Inc. late Thursday announced a $1 billion investment in its self-driving-vehicle unit, just weeks ahead of its highly anticipated IPO. “Excited to announce Toyota, Denso and the SoftBank Vision Fund are making a
Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter. The companies may announce a cash-and-stock transaction that values Careem
Uber Technologies is in discussions to buy its UAE-based rival Careem Networks, people familiar with the matter said, Bloomberg reported. A deal could value Careem at USD 2 billion to USD 2.5 billion, the people
Bike sharing service Lime announced on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc. Hence now Uber will work with Lime as a strategic
Uber has pushed out a special option within its app that allows US users to contact emergency dispatchers immediately, potentially sharing their location as well. According to The Verge, the “panic button” has been added
Uber Technologies Inc. will open its first research and development center outside of the U.S., a lab in Paris focused on flying cars. “We’re no longer just about cars, we’re about urban mobility,” Chief Executive
Yes, you heard it right! The taxi-hailing app can now record and . .
mLift is going to be Jazz's competition against. . .
Uber management has finally decided to. . .
Uber has announced that it will be reducing its rates up to 20% on UberGO in Lahore and Karachi, and also has introduced its premium UberX service in Pakistan. By benefitting from this discount of 20% uber
