Tag: Uber

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‘They treat us like crap’: Uber drivers feel poor and powerless on eve of IPO

A lot of very rich people will get even richer when Uber goes public on 9 May in one of the most anticipated initial public offerings (IPO) to hit the stock market in 2019. Travis Kalanick, Uber’s founder, could see his 8.6% stake in the company valued at close to $8bn if the company is…
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May 7, 2019 1

Uber promises a bottomless well of money to investors … but not yet

Who wants to invest in a company that has never made a profit, admits it may never do so and is on the brink of war with its global workforce? Probably a fair old chunk of Wall Street, as it happens. This week Uber, the ride-hailing and food delivery service, will put a price on…
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May 5, 2019 0

Uber class action: taxi and hire-car drivers join lawsuit against company

A class action filed on behalf of thousands of taxi and hire-car drivers against Uber alleges the global rideshare company operated illegally in Australia. Maurice Blackburn Lawyers says more than 6,000 people have joined the action, covering drivers across Victoria, New South Wales, Queensland and Western Australia.

May 3, 2019 0

Uber adds public transport information to London app

Uber is relaunching its London app to include public transport information, allowing users to compare journeys on other services, as well as its private hire cars.

April 29, 2019 0

Uber aims for stock market debut value of up to $90bn

Uber is poised to unveil the terms of its stock market flotation, with the ride-hailing service targeting a valuation of $80bn to $90bn (£62bn-£70bn) – substantially less than bankers had suggested the business could be worth but still the highest valuation for a US tech company since Facebook floated in 2012.

April 26, 2019 0

Compact between old and young at risk of breakdown, say peers

The tacit deal between young and old to support each other through life could break down because of major problems with housing, work and tax, a 12-month parliamentary inquiry has concluded. The growth of the gig economy, soaring housing costs and fiscal giveaways for older people are driving a wedge between generations in Britain, according…
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April 24, 2019 0