Uber in the news

Here are some recent news articles and updates about Uber:

Recent News Articles:

  1. Uber to go public with IPO: Uber filed for an initial public offering (IPO) in April 2019, seeking to raise up to $10 billion. The company's IPO was one of the largest in history, with Uber listing on the New York Stock Exchange (NYSE) under the ticker symbol UBER. (Source: The New York Times)
  2. Uber faces backlash over data breach: In November 2019, Uber revealed that it had suffered a data breach in 2016, exposing the personal data of 57 million users. The company faced criticism for not disclosing the breach earlier and for its handling of the incident. (Source: The Guardian)
  3. Uber to launch flying taxi service: In October 2019, Uber announced plans to launch a flying taxi service in Los Angeles, with the goal of starting commercial operations in 2023. The service will use electric vertical takeoff and landing (eVTOL) aircraft. (Source: CNN)
  4. Uber faces regulatory challenges in Europe: In September 2019, Uber faced regulatory challenges in Europe, with several countries imposing stricter regulations on the company's operations. The company was accused of violating labor laws and failing to comply with data protection regulations. (Source: The Financial Times)
  5. Uber to expand food delivery service: In August 2019, Uber announced plans to expand its food delivery service, Uber Eats, to new markets in the United States and internationally. The company aims to compete with other food delivery services, such as Grubhub and DoorDash. (Source: Bloomberg)

Recent Updates:

  1. Uber's revenue growth slows: In its Q4 2020 earnings report, Uber reported that its revenue growth had slowed, with revenue increasing by 14% year-over-year to $3.7 billion. The company attributed the slowdown to the ongoing COVID-19 pandemic. (Source: CNBC)
  2. Uber's autonomous vehicle program faces setbacks: In January 2020, Uber's autonomous vehicle program faced setbacks, with the company announcing that it would be laying off 350 employees and suspending its self-driving car testing in several cities. (Source: The Verge)
  3. Uber's CEO Dara Khosrowshahi to step down: In February 2020, Uber's CEO Dara Khosrowshahi announced that he would be stepping down as CEO, with the company's COO, Pradeep Parameswaran, taking over as interim CEO. (Source: Reuters)