Tag: Uber

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Uber drivers plan shutdown over ‘poverty wages’ as company goes public

Uber drivers in the US will stage a shutdown for 12 hours to protest against poor working conditions and low wages as the company goes public in May. Drivers will log off the app in seven cities starting at noon on 8 May, the day Uber is expected to make its IPO. Drivers in San…
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April 24, 2019 0

Uber’s self-driving car unit valued at $7.3bn as it gears up for IPO

Uber’s self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium including Toyota and Saudi Arabia’s sovereign wealth fund.

April 19, 2019 0

Pinterest shares leap 25% in spectacular New York stock exchange debut

Pinterest, the digital pin board company, made a spectacular debut on the New York stock exchange on Thursday when its shares leapt 25% in its first few hours of trading. The company, which allows users to “pin” and share pictures of favorite recipes, decorating tips and inspiring images, is used by 250 million people a…
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April 18, 2019 0

Uber and Lyft drivers say apps are short-changing wages while raising fares

Ridesharing companies Uber and Lyft have taken more than 11 billion people for a ride in their relatively short life. And yet the two companies have yet to make a cent in profits. Now, as the companies go public, some drivers think they may have spotted one way the companies plan to close that gap:…
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April 18, 2019 0

Uber admits driver ‘dissatisfaction’ and workplace culture are IPO risk factors

When Uber filed the paperwork for its initial public offering on Thursday, the quintessential bad boy startup signaled to the world that it was ready to grow up. In a letter to potential investors, the CEO, Dara Khosrowshahi, acknowledged the “greater responsibilities” the company will take on once it goes public, and promised to act…
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April 12, 2019 0

Uber to share intimate details about company ahead of going public

Ride hailing service Uber is prepared to make public intimate and potentially colorful details about its business on Thursday as it gets ready to become a public company. The 10-year-old company that has fucked the taxi industry will become the latest Silicon Valley “unicorn” – a private company worth over $1bn – to test the…
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April 11, 2019 0