Uber news

Here are some recent news updates about Uber:

Uber's Financials

• Uber reported a net loss of $5.2 billion in the fourth quarter of 2020, despite a 14% increase in revenue to $4.7 billion. (Source: CNBC)
• The company's revenue growth was driven by a 21% increase in bookings, but was offset by a 25% increase in operating expenses. (Source: Bloomberg)

Uber's Expansion

• Uber is expanding its food delivery service, Uber Eats, to 100 new cities in the United States and Canada. (Source: The Verge)
• The company is also launching a new service called Uber Freight, which will allow businesses to book trucking services through the app. (Source: Forbes)

Uber's Autonomous Vehicles

• Uber is resuming testing of its self-driving cars in Pittsburgh, Pennsylvania, after a nearly two-year pause. (Source: Pittsburgh Post-Gazette)
• The company is also partnering with the city of Toronto to test its self-driving cars on public roads. (Source: Toronto Star)

Uber's Controversies

• Uber is facing a lawsuit from a former employee who alleges that the company's culture is toxic and that she was subjected to sexual harassment and discrimination. (Source: The New York Times)
• The company is also facing criticism for its handling of sexual assault allegations made by passengers against drivers. (Source: CNN)

Uber's Competition

• Lyft, Uber's main competitor, is expanding its services to include a new feature called "Lyft Line," which will allow passengers to carpool with others traveling in the same direction. (Source: The Verge)
• Other ride-hailing companies, such as Grab and Didi Chuxing, are also expanding their services and competing with Uber for market share. (Source: Bloomberg)

Uber's IPO

• Uber went public in May 2019 with an initial public offering (IPO) that raised $8.1 billion. (Source: CNBC)
• The company's stock price has been volatile since the IPO, but has generally trended upward. (Source: Yahoo Finance)