Dara Khosrowshahi

Gig Companies Push Mass. Ballot Initiative
Risk & Compliance

Gig Companies Push Mass. Ballot Initiative

The measure, modeled on California's Prop 22, "could make Massachusetts the epicenter for an expensive fight over the legal rights of gig workers."
By Matthew Heller | August 5, 2021
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Uber Buys Postmates in Food Delivery Bet
M&A

Uber Buys Postmates in Food Delivery Bet

The $2.65 billion deal will expand Uber's delivery business as its core ride-sharing service sees "massive headwinds" due to COVID-19.
By Matthew Heller | July 6, 2020
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Uber Beats Estimates But Loss Widens to $1.16B
Technology

Uber Beats Estimates But Loss Widens to $1.16B

While Uber's Rides segment is profitable, it is spending heavily on new businesses such as Eats.
By Matthew Heller | November 5, 2019
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Uber to Cut 435 Jobs as Streamlining Continues
Strategy

Uber to Cut 435 Jobs as Streamlining Continues

"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
By Matthew Heller | September 11, 2019
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Uber Posts Record Loss, Sales Growth Slows
Financial Performance

Uber Posts Record Loss, Sales Growth Slows

“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
By Matthew Heller | August 9, 2019
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Analysts Expect Uber IPO to Outperform Price Range
The Deep Dive

Analysts Expect Uber IPO to Outperform Price Range

Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
By David McCann | May 9, 2019
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Uber Revs Up for Long-Awaited, $10 Billion IPO
IPOs

Uber Revs Up for Long-Awaited, $10 Billion IPO

The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
By Matthew Heller | April 12, 2019
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Uber Makes Middle East Move With Careem Buy
M&A

Uber Makes Middle East Move With Careem Buy

The $3.1 billion deal "is an important moment for Uber as we continue to expand the strength of our platform around the world," its CEO says.
By Matthew Heller | March 26, 2019
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Uber’s Spending on New Businesses Hits Profit
Financial Performance

Uber’s Spending on New Businesses Hits Profit

The company's Q3 net loss widened to $1.07 billion as it continued to expand its Uber Eats food delivery service and new transportation offerings.
By Matthew Heller | November 15, 2018
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Uber Hires Banking Exec Nelson Chai as CFO
People

Uber Hires Banking Exec Nelson Chai as CFO

Chai, who fills a position vacant since 2015, "has a year to turn Uber into a profitable company" ahead of a planned IPO.
By Matthew Heller | August 22, 2018
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Uber Takes on Softbank as Investor, Eyes IPO
Strategy

Uber Takes on Softbank as Investor, Eyes IPO

The Japanese conglomerate is leading an investor group that could put as much as $10 billion into Uber as it prepares for an IPO in 2019.
By Matthew Heller | November 13, 2017
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Uber Scraps Money-Losing Leasing Business
Strategy

Uber Scraps Money-Losing Leasing Business

Xchange Leasing turned out to be losing an average of $9,000 per car — 18 times what Uber had expected.
By Matthew Heller | September 28, 2017
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