Uber Technologies Inc.’s offer to buy Grubhub Inc. antagonized officials in Washington and major U.S. cities, who already were taking steps to limit the fees companies charge restaurants and regulate their treatment of workers. If a deal between the companies proceeds, analysts said it is likely to face antitrust scrutiny.
Author: Eric Newcomer
Amazon Nudges Customers Away From Nonessential Items
The pandemic has many of us acting in unusual ways, and the world’s largest e-commerce company is no exception: Amazon.com has begun discouraging users from buying things they don’t need.
Uber to Cut About 400 Employees, Citing ‘Mediocre Results’
Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
Uber’s Conservative IPO Valuation Faces Public Market Test
Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round.
Uber Puts First Self-Driving Car Back on the Road Since Death
Uber Technologies Inc., which halted its self-driving car program after the death of a pedestrian in March, resumed testing of self-driving cars on public roads in Pittsburgh on Dec. 20, the company said.
Toyota Invests $500 Million in Uber
Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said.
Uber Hires Former NTSB Chairman Christopher Hart as Adviser in Midst of Crash Inquiry
Uber Technologies Inc., whose self-driving car program is reeling from a fatal collision with a pedestrian, has hired former National Transportation Safety Board Chairman Christopher Hart to advise the company.
Arizona Suspends Uber’s Autonomous Vehicle Testing
Arizona ordered Uber Technologies Inc. to stop operating autonomous vehicles on the state’s roads indefinitely after the death of a pedestrian there a week ago.
'Cars Are to Us What Books Are to Amazon,’ Uber CEO Says
Speaking at a conference in San Francisco, Uber Technologies Inc. CEO Dara Khosrowshahi rattled through the company’s ambitions: food delivery, freight, autonomous vehicles and even buses and bikes.
Alphabet Unit Leads $1 Billion Investment in Lyft
Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said.