Tag: Technology

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‘Shut up and drive’? Option for Uber riders to avoid small talk divides drivers

Less than a week after a disappointing IPO, Uber is taking the guesswork out of whether to make friendly banter during your rides with a new “quiet” option on the app – the latest move from the tech world to digitize human interaction.


October 28, 2021 0

Uber: US labor board calls drivers contractors in blow to labor rights

Uber drivers are not subject to traditional labor protections because they are independent contractors, the National Labor Relations Board said in an opinion published on Thursday.


October 27, 2021 0

Uber workers told to ignore ‘pessimistic voices’ as shares slide

The chief executive of Uber has urged employees to ignore “pessimistic voices” after shares in the company slumped again on their second day of trading since Friday’s disappointing stock market debut.


October 27, 2021 0

Great fanfare as Uber gets its stock on the road, but app stalls in New York

Uber’s stock market debut came with all the usual razzmatazz of a big American technology IPO. The chief executive spent weeks making sweeping statements about how the business was “just getting started” and had new worlds to conquer – everything from pizza delivery to international freight. In the background, investment bankers whipped up buyers for…
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October 27, 2021 0

Uber goes into reverse as first day stock price disappoints

Uber’s hopes of a surge in the price of its shares have fallen flat, as investors gave the taxi-hailing app’s eagerly anticipated stock market float a frosty reception by sending the shares below their launch price.


October 27, 2021 0

Uber valued at $82.4bn as it prices IPO at $45 per share

Uber is seeking a valuation of $82.4bn, less than the $100bn it was hoping for, but still making it one of the largest IPOs of all time, and one of the most hotly anticipated stock market listings in the tech world since Facebook made its Wall Street debut seven years ago.


October 27, 2021 0

What is Uber? Forget the sharing economy – it’s just a libertarian scam

Serf, noun: a laborer bound under the feudal system to work on his lord’s estate. Uber is a lot. Last year 5.2 billion people took a ride in an Uber. And the company lost an average of 58 cents on each ride.


October 26, 2021 0

Crossing the digital picket line? Uber and Lyft offer discounts as drivers strike

Uber and Lyft are offering riders and drivers discounts and incentives to use the app on Wednesday as drivers seeking better wages strike across the US. Uber drivers are shutting off apps in protest across more than a dozen US cities as the company prepares to go public, demanding better pay and more protections. To…
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October 26, 2021 0