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Uber narrows quarterly losses, still a long way from profit
(Reuters) — Uber Technologies said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears...
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Uber Freight expands to small and mid-sized businesses
Get a package delivered to your house recently? There’s a good chance it traveled by truck to get there. Roughly 80 percent of all cargo in the United States is transported by the 7.1 million people...
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Toyota invests $500 million into Uber self-driving car program
(Reuters) — Toyota will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on Monday, a bid by both companies to catch up to rivals in...
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Yandex leads Europe‘s autonomous taxi push with public test launch in Russia
Russian internet giant Yandex has announced a new autonomous ride-hailing service in the fledgling tech-focused town of Innopolis. Though various car companies across Europe are currently pursuing...
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Uber now uses a phone’s sensors to detect if you’ve been in a crash
As part of its ongoing redemption mission, Uber is today introducing a new feature that checks if you’re OK if it thinks that you may have been involved in a crash. The Ride Check feature, which is...
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Uber CEO: IPO ‘on track’ for 2019
(Reuters) — Uber Technologies is on track to go public next year and has no plans to sell its self-driving car research arm, Chief Executive Dara Khosrowshahi said on Wednesday. The ride-hailing...
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Uber invests $150 million in Toronto engineering hub, self-driving car platform
(Reuters) — Uber is spending millions of dollars in Toronto to open an engineering hub and expand its self-driving car operations, the strongest indication yet that the company is not retreating from...
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Lyft passes 1 billion rides, doubling in past 11 months
Ride-hailing service Lyft just announced a key milestone: It has now surpassed 1 billion rides since it was founded in 2012. The San Francisco-based company reported half a billion rides last October,...
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Uber reportedly in talks to buy food delivery service Deliveroo
(Reuters) — Ride-hailing company Uber Technologies is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The value of the...
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Singapore fines Uber and Grab $9.5 million over merger
(Reuters) — Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up...
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Uber launches Jump electric bike charging stations as part of sustainable...
Uber has announced plans to roll out public charging stations for its dockless electric bikes, a move that constitutes part of a broader alignment with a “sustainable mobility” campaign. Alongside this...
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After Uber partnership, Cargo raises $22.5 million to scale its in-car...
In-car commerce startup Cargo has raised $22.5 million in a series A round of funding led by Peter Thiel’s Founders Fund, with participation from Coatue Management, Aquiline Technology Growth, CRCM...
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Rubiix spending data shows Venmo is now as popular as the ATM
It started out as a way to pay friends back for small loans or split restaurant bills. But Venmo has come of age, according to a study of over 10 million payments. A social spending technology that...
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Uber Eats and the $6 billion bookings run rate: The AI success story no one...
VB EVENT: Food delivery has become a $100 billion-plus market. Uber Eats is the fastest growing U.S. meal delivery service, posting a $6 billion bookings run rate within just four years of getting...
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Grab’s ambitious plans to digitize Southeast Asia’s economies may get $500...
As people grow increasingly cynical about the power wielded by major tech companies, the founders of Singapore-based Grab remain unrelentingly optimistic. Now, CEO and cofounder Anthony Tan and...
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U.S. share of global venture capital fell more than 20% in 5 years
Year after year, startups in U.S. cities like San Francisco, New York, and Boston continue to raise an unprecedented amount of venture capital — but so do companies in other parts of the world. Now, a...
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Waymo clocks 10 million self-driven miles on public roads, double in 8 months
Alphabet’s self-driving technology division, Waymo, revealed that its autonomous vehicles have now driven 10 million miles on public roads. This represents a 100 percent increase on the 5 million-mile...
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Lyft launches $299 subscription for 30 rides a month
Lyft has launched its all-access subscription plan, which covers users for up to 30 rides per month for an up-front monthly fee of $299. Each ride can be for a value of up to $15.Read More
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Middle East Uber rival Careem raises $200 million
Uber rival Careem has raised $200 million to expand in the Middle East.Read More
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Uber wants all its London drivers in electric cars by 2025
Uber announced a wide-ranging "Clean Air Plan" with the goal of having all of its London cars be fully electric by 2025.Read More
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