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Tesla has allegedly hired several employees accused of spying on competitors while they worked at Uber, according to a new whistleblower ... View the full article

The Drive Despite Cost-Saving Measures, Uber is Still Losing Money The Drive Despite making efforts to reduce spending, Uber said Wednesday that it is still losing money, according to Reuters. The news comes as Uber moves to go public in 2019 and continues to face criticism over allegedly low driver pay. Uber's net loss in the ... and more » View the full article

Autoblog (blog) Uber narrows earnings gap, but it still loses lots of money Autoblog (blog) SAN FRANCISCO — Uber Technologies said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019. Under the ... Uber narrows quarterly loss as company polishes tarnished imageCBC.ca Uber CEO Embraces Losing Money With Revenue Growth SlowingBloomberg Uber cuts its losses, and revenue soars 63%CNNMoney New York Times -Phys.Org -Recode -The Information all 353 news articles » View the full article

Just as transportation disruptor Uber unveils its financials for the latest quarter, investors have reportedly been pressing the management team to ... View the full article

Uber's losses have shrunk as it continues to invest in expanding, according to the company's latest financial results. The ride-hailing firm narrowed net ...View the full article

BBC News Uber's move into bikes and food delivery deepens losses BBC News Losses at Uber are mounting even as it reported a 51% annual increase in income from its taxi app business. Income from its global taxi businesses, once it had paid its drivers, rose to $2.7bn (£2.1bn) in the last quarter. But the cost of expansion ... Uber losses continue as it pours cash into new venturesTelegraph.co.uk Uber's revenue and bookings growth slowed slightly in the second quarter of 2018, company reportsCNBC Uber reportedly lost $891 million in the second quarter of 2018 as growth slowsThe Verge Financial Times -USA TODAY -New York Times -The Information all 353 news articles » https://www.google.com/news

Just days after New York announced a cap on Uber drivers, London Mayor Sadiq Khan is seeking to do the same in London and has asked the ... View the full article

Uber narrows earnings gap, but it still loses lots of money - Autoblog AutoblogUber Technologies said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a ... View the full article

Sky News London mayor Sadiq Khan seeks powers to cap Uber driver ... Sky News Sadiq Khan warns a "huge" rise in mini cabs is causing congestion, pollution and leaving many drivers struggling to earn a living. Sadiq Khan wants to restrict number of Uber drivers in London ...The Guardian Uber overturns ban after being granted 15-month London licence by courtSky News Indian ride-hailing app Ola reveals plans to take on Uber in BritainSky News all 79 news articles » https://www.google.com/news

Thursday Papers: Uber losses widen after ramping up its spending ... Citywire.co.uk Financial Times: Uber's losses widened to $659 million in the second quarter from $577 million in the previous three months as the car-booking company ... and more » View the full article

BGR Investors are tired of Uber losing money on self-driving cars – BGR BGR Uber's self-driving car has been touted as the thing that's going to eventually take the ride-sharing company out of the red and into the cheap, ubiquitous ... Why Uber Loses Money: Self-Driving EditionCrunchbase News Investors encourage Uber to offload money-guzzling self-driving vehicle unitTechSpot Uber's Losses Mount at Self-Driving Car Unit — The InformationThe Information all 58 news articles » View the full article

Bloomberg Uber Back to Losing Money as Revenue Slows Bloomberg Uber Technologies Inc. reported a second-quarter loss of $891 million. While it's a 16 percent improvement from a year earlier, the loss follows a rare profit posted in the first quarter, thanks largely to the sale of overseas assets. Bloomberg's Eric ... and more » View the full article

Bloomberg Uber CEO Embraces Losing Money With Revenue Growth Slowing Bloomberg Khosrowshahi is pouring large, undisclosed sums of money into food delivery, logistics and autonomous-car technology. The San Francisco-based company has said the food delivery business, Uber Eats, represents more than 10 percent of its gross ... Uber cuts its losses, and revenue soars 63%CNNMoney Uber narrows earnings gap, but it still loses lots of moneyAutoblog (blog) Uber's Revenue Growth Keeps Up Fast PaceWall Street Journal New York Times -The Information all 353 news articles » View the full article

Reuters Uber told by investors to sell self-driving unit: The Information Reuters (Reuters) - Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information ... and more » https://www.google.com/news

Uber told by investors to sell self-driving unit: The Information Reuters (Reuters) - Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information ... https://www.google.com/news

The Guardian Sadiq Khan wants to restrict number of Uber drivers in London The Guardian The London mayor is seeking powers to limit the number of Uber drivers operating in the capital, blaming a surge in private hire drivers for the city's increasing congestion and pollution. Sadiq Khan said a cap on new licences was an urgent and ... Sadiq Khan calls for power to cap Uber driver numbersThe Westmorland Gazette all 38 news articles » https://www.google.com/news

Fortune Uber's New Security Chief Is Ex-NSA. Is He Up to Its Transparency Challenge? Fortune Uber is on a quest to regain people's trust, and that's not just about becoming a more ethical, law-abiding company that takes passenger safety more seriously—it's also a cybersecurity matter, following last year's revelation of a hack that ... Uber names Matt Olsen as chief security officerReuters Uber picks former NSA general counsel as chief security officerFinancial Times Uber hires NSA veteran to head up its security teamThe Verge CNET -CNNMoney -Engadget -New York Times all 68 news articles » https://www.google.com/news

TechCrunch Uber is on a hiring spree in Singapore despite 'exiting' Southeast Asia TechCrunch Uber agreed to sell its Southeast Asia business in March, but it isn't leaving the region. In fact, the U.S. firm is literally doubling down with plans to more than double its staff in Singapore. That's right. Uber is currently in the midst of a major ... and more » https://www.google.com/news

Uber reportedly lost $891 million in the second quarter of 2018 as growth slows The VergeUber brought in $2.8 billion in revenue in the second quarter of 2018, but ultimately lost $891 million thanks to increased spending by the ride-hailing company, ... View the full article

New York Post Why these Uber drivers rushed to register cars before the ride-share cap New York Post Kazi Arefin braved lines and crowds to register his car for Uber because he was tired of making money for other people. The 27-year-old Brooklynite has been driving for Uber and Lyft for two years but got tired of renting his car for $1,700 a month ... https://www.google.com/news

Wall Street Journal Mayor de Blasio Signs Bills Capping Expansion of Uber and Lyft Vehicles Wall Street Journal New York City Mayor Bill de Blasio signed a package of bills that will limit new for-hire vehicles like Uber Technologies Inc. and Lyft Inc. and set a minimum payment for drivers during their shifts. The bills—signed Tuesday in front of dozens of ... First-ever cap on Uber, Lyft drivers signed into law in NYCNew York Post Taxi regulators see more Uber and Lyft drivers operating on Long IslandNewsday Uber and Lyft Drivers Rush to Register Cars Ahead of City's New CapNew York Times KVAL -amNY all 277 news articles » https://www.google.com/news

CNET Lawsuit: Uber didn't fire a driver accused of assault -- and he did it again CNET Two women in Tennessee have sued Uber, alleging the ride-hailing company was negligent for failing to fire a driver who had been accused of sexual assault. The lawsuit, filed in Hamilton County, Tennessee, alleges the unnamed plaintiffs were attacked ... https://www.google.com/news

New York City, the largest American market for Uber, is becoming the first U.S. city to regulate the growth of app-based rides. Democratic Mayor Bill de ... View the full article

WTVD-TV Fake vomit claims by Uber drivers costing passengers big bucks WTVD-TV The Better Business Bureau is issuing a warning against Uber drivers. The BBB reports drivers are making false claims of customers throwing up in their cars and then charging them for the fake clean-up. More on ABC11: Uber suspends driver who ... and more » https://www.google.com/news

CNET Bird, Lime stop scooter service to protest Uber, Lyft rankings CNET The scooter wars are heating up in Santa Monica. Bird and Lime temporarily stopped their scooter services in the Southern California city on Tuesday, in protest of the city favoring ride-hailing companies Uber and Lyft for a scooter pilot program ... and more » https://www.google.com/news