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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

Uber stock rises as net losses match expectations CNBCView the full article

Uber reports first quarter results that are confusing by design Quartz“Sometimes simplicity is a beautiful thing,” Uber CEO Dara Khosrowshahi said May 30, after an impossibly complicated introduction to the company's first-ever ... View the full article

Uber Lit $1 Billion on Fire Last Quarter Because That's What Uber Does GizmodoIn its first earnings as a public company, Uber posted losses of $1 billion over the previous quarter, more or less matching investor expectations, because ... View the full article

Uber Shares Rise as Company Loses Less Money Than Expected TheStreet.comUber beat earnings and revenues estimates and reported healthy growth in gross bookings....UBER. View the full article

SoftBank Will Take Out Some Uber Cash BloombergA pretty normal thing to do, if you are a venture capital fund, is to invest in a private tech startup, watch it grow and go public, cash out the investment by selling ... View the full article

Uber Lowers Barrier to Drive for Those With No Car, Little Cash BloombergUber Technologies Inc. is going nationwide with a program that helps those without a car -- or the financial means to get one -- drive for the ride-hailing giant. https://www.google.com/news

A bad Uber rating could get you banned from the service USA TODAY Uber will ban passengers if their rating drops to a certain level. Here's how to make sure you don't get booted. Business Insider Uber threatens to ban ratbag riders, but so far has failed to follow through The New Daily Uber to boot riders who repeatedly misbehave from app CANOE View full coverage on Google News View the full article

Uber's quiet ride option is a warning: we are falling victims to convenience The GuardianYou can outsource pretty much every aspect of irritation in your life. But you can't outsource loneliness. https://www.google.com/news

Uber and Lyft are betting on self-driving cars to become profitable. But that may not happen, new research from MIT suggests. Business InsiderWill robo-taxis actually be cheaper to operate than traditional cars? Maybe not, new research from MIT says. View the full article