According to a source familiar with the matter at hand, SoftBank is selling around 45 million shares of its holdings in Uber Technologies Inc. With the news reaching the market, Uber’s shares tread downwards by 4.6% to $44 in extended… Read More ›
Uber
FTSE adds China’s Didi to its global indexes
In a statement FTSE said, China’s Didi Global Inc will be added to its global equity indexes on July 8 following its U.S. stock market debut. In a statement FTSE said, Didi’s shares will be included in the FTSE All-World… Read More ›
Will compensate drivers & delivery people diagnosed with coronavirus: Uber Technologies
In a statement, Uber Technologies Inc said, it will offer compensation to drivers and delivery people who have either been diagnosed with the coronavirus or have been placed in quarantine for up to 14 days. Uber has already begun compensating… Read More ›
Uber sells Uber Eats India to Zomato in exchange for 9.99% stake in Zomato
Uber has sold its online food ordering business in India to Ant Financial-backed Zomato in exchange for a 9.99% stake in Zomato. The deal essentially limits its exposure to the Indian market where it has struggled to grow. The all-stock… Read More ›
Barclays Plc hires investment banker Riaz Ladhabhoy
Barclays Plc appears to be positioning itself for the record number of tech IPOs scheduled for take off this year. Barclays Plc has hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be its co-head of internet banking in… Read More ›
Ford Motor’s Chariot minibus service to expand to 6th U.S. city shortly
A traditional carmaker, Ford Motors is diversifying in the mobility services segment with changing consumer tastes of not wanting to own a vehicle. As per an executive from Ford Motors, the carmaker is set to launch its Chariot minibus services… Read More ›
European Court of Justice rules Uber is a transport service provider
Although the landmark ruling will not have an immediate impact on the rider hailing service provider, since it already operates under transportation law, it will nevertheless have a material impact on the company’s finances and its operations. On Wednesday, in… Read More ›
Appeal process for Uber could take years: London Mayor Sadiq Khan
Uber can continue to operate in London until this due process of law is expired. On Thursday, London Mayor Sadiq Khan stated Uber’s appeal against London’s transport regulator ban could go on for years. In September, Transport for London stripped… Read More ›
SoftBank weighing its options for investing in Uber
Given Masayoshi Son’s vision of a future driven by AI and interconnected vehicles and its spread of investments in ride hailing and ride sharing companies in major markets of the world, including in India’s Ola and China’s Didi, and given… Read More ›
The fate of Travis Kalanick, Uber’s CEO, hangs in the balance as Uber’s board considers key policy changes
Kalanick could do with a vacation. As per a source familiar with the matter at hand, on Sunday Uber Technologies’ board discussed the temporary stepping away of Travis Kalanick, its Chief Executive, as the embattled ride-hailing company considers significant… Read More ›
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