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'Gaming the system' — Uber and Lyft face a driver reckoning in California NBC NewsCalifornia's lawmakers on Wednesday took their first major step toward settling the debate about whether Uber and Lyft drivers are employees or contractors. View the full article

Baby on board! Woman gives birth in the back of an Uber Sky NewsA woman gave birth on the back seat of a taxi driving her to hospital, prompting the suggestion the baby boy be named Uber. https://www.google.com/news

'The algorithm is our boss': Uber drivers face long hours, no benefits and sometimes danger CNBCAs Uber's initial public offering unfolded earlier this month, drivers across the country went on strike to denounce low wages and lack of benefits. CNBC spoke ... View the full article

Uber to ban riders with low ratings: will you pass the test? The GuardianWill your Uber rating be docked if youdon’t tip? What side of the car should you sit on? Small talk or silence? Since Uber first began to allow users to check their ratings on the app in 2017, riders have harbored growing anxiety about how many stars their behavior in the back seat will earn them. Now those are being magnified by another new policy: Uber announced on Wednesday it would begin to ban passengers with consistently low ratings. Sign up for the US morning briefing Uber did not say how low a passenger’s rating will have to be for them to be removed from the platform. Drivers on th... https://www.google.com/news

Passengers May Pay a Lot More. Drivers Won’t Accept Much Less. The New York TimesUber and Lyft, the two leading ride-share companies, have lost a great deal of money and don’t project a profit any time soon. Yet they are both trading on public markets with a combined worth of more than $80 billion. Investors presumably expect that these companies will some day find a path to profitability, which leaves us with a fundamental question: Will that extra money come mainly from higher prices paid by consumers or from lower wages paid to drivers? Old-fashioned economics provides an answer: Passengers, not drivers, are likely to be the main source of financial improvement, at l... View the full article

Uber is still losing a whole lot of money The INQUIRERLOSSES OF $1 BILLION generally would be hailed as signs of a company in trouble, but this is Silicon Valley so don't expect this bad news to dent Uber's ... View the full article

How long can Uber keep bleeding cash? Telecoms.comIt is becoming increasingly popular to invest in money-bleeding technology giants in preparation of an inflection point in profits, but you have to wonder how long ... View the full article

Uber reports $1 billion loss in first post-IPO quarterly results Ars TechnicaUber has lost money almost every quarter since its founding. View the full article

MARKET REPORT: Just Eat shares slide as rival Uber unveils impressive quarterly results This is MoneyUber's quarterly results, albeit showing a massive loss, revealed the ride hailing giant's food delivery business to be in rude health, suggesting its UK rival, Just ... View the full article

Uber Lost $1 Billion In 1st Quarter, Hopes Profit-Slashing Price Cuts Ease Up Soon NPRUber had told investors to be prepared for it to lose even more than that; its first earnings report as a public company came in on the better end of Uber's ... View the full article

Uber Eats Gains Momentum as Ride-Hailing Growth Slows FortuneUber's food delivery *service*, Uber Eats, is gaining momentum as the ride-hailing giant bleeds cash after its initial public offering earlier this year. The company ... View the full article

Uber Loses Another $1 Billion. CFO Calls 2019 An ‘Investment Year.’ ForbesUber is still a money-losing service, and its growth is still slowing. In its first quarterly results since its IPO, Uber reported a $1.01 billion loss for the first quarter of 2019. It reached $3.1 billion in revenue, a 20% increase from the year-ago quarter, but slower than the 25% growth it had recorded in the previous quarter. “2019 will be an investment year,” said Nelson Chai, Uber’s chief financial officer, said in a conference call with analysts and journalists. The numbers didn’t come as a shock—Uber had previously disclosed in SEC filings that it had expected a net loss between $1... View the full article

Uber Lost Another Billion Dollars, NBD JalopnikPhoto: AP Uber’s first quarterly earnings report as a publicly-traded company tells us much of the same as every other report the company has ever released about its finances: they can’t stop, won’t stop losing so much freaking money. In the first quarter of 2019, Uber lost $1.034 billion. Yes, billion, with a B. In three months. Every time I write about this, the usual suspects chime in to tell me I don’t know how investing works, and that investors are interested in medium/long-term potential, market share, and other smarter metrics indicative of long-term health than profit-loss calculat... View the full article

Uber Stock: Show Us the (Lost) Money Investorplace.comUber stock is expected to lose $2.39 per share for the current quarter. Unless it can seriously surprise, expect more pain. View the full article

A bad Uber rating could get you banned from the service USA TODAYUber ratings aren't important only for drivers. Riders with low ratings could soon be banned from using the ride-hailing service, Uber announced in a blog post Tuesday, which outlines refreshed guidelines. "Riders may lose access to Uber if they develop a significantly below average rating," said Kate Parker, Uber's head of safety brand and initiatives, in the post. "Riders will receive tips on how to improve their ratings, such as encouraging polite behavior, avoiding leaving trash in the vehicle and avoiding requests for drivers to exceed the speed limit." Parker said riders will have sev... View the full article

Bulls pile into Uber ahead of earnings CNBCThe bulls seem to be riding with Uber. The ride-sharing giant's first-ever earnings report as a public company, set to be released after Thursday's closing bell, ... https://www.google.com/news

An Uber driver fatally shot a passenger in an argument over vomit in the car, police say Business InsiderAn Uber passenger was shot dead in New Mexico after an argument with a driver about a "large amount of vomit" in the backseat of the car, the police say. https://www.google.com/news

New York City Taxi Medallions Were Subject to Abusive Loans FortuneAbusive lenders took advantage of New York City taxi cab medallion owners. Then came Uber and Lyft. https://www.google.com/news

Uber vs Lime: London's dockless electric bikes are put to the test Evening StandardThere's something thrilling about overtaking a Mamil (middle-aged man in Lycra). At least, that's what I tell myself as I zoom past a perplexed-looking pedal ... https://www.google.com/news

Uber Q1 2019 Earnings May Shed Light on Scooter Business FortuneUber and Lyft are spending big money to ramp up their electric scooter businesses even as they face rising scrutiny about their lack of profits. They've hired big ... View the full article

Uber Q1 2019 Earnings May Shed Light on Scooter Business FortuneUber and Lyft are spending big money to ramp up their electric scooter businesses even as they face rising scrutiny about their lack of profits. They've hired big ... https://www.google.com/news

Your Money: Student loans, Uber, Pizza Hut WAVE 3A new survey finds many college students don't plan on paying off their education loans. And Uber says it will soon ban passengers with low ratings. View the full article

Uber’s First Earnings Will Test How Well It Manages Expectations BloombergUber Technologies Inc. will get its first opportunity to address some of the concerns that contributed to a rocky Wall Street debut when it reports first-quarter ... View the full article

Uber’s First Earnings Will Test How Well It Manages Expectations BloombergUber Technologies Inc. will get its first opportunity to address some of the concerns that contributed to a rocky Wall Street debut when it reports first-quarter ... https://www.google.com/news

Uber Riders With Low Ratings From Drivers Will Now Lose Their Uber Accounts. Is Lyft Next? Inc.Uber exec Kate Parker just announced the new policy. https://www.google.com/news