Uber

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 Freight Bulks up With $2B Transplace Buy
M&A

Uber Freight Bulks up With $2B Transplace Buy

"This is an opportunity to create an an industry-first shipper-to-carrier platform," the head of Uber's delivery business says.
By Matthew Heller | July 22, 2021
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Uber to Switch to ‘Hybrid’ Work Model in September
Human Capital Management

Uber to Switch to ‘Hybrid’ Work Model in September

The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
By Matthew Heller | April 15, 2021
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Uber to Offload Self-Driving Unit to Amazon-Backed Startup Aurora
Technology

Uber to Offload Self-Driving Unit to Amazon-Backed Startup Aurora

The combined company created by the merger of the two autonomous driving businesses is valued at close to $10 billion.
By Lauren Muskett | December 8, 2020
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California Judge Says Lyft and Uber Drivers Are Employees
Risk & Compliance

California Judge Says Lyft and Uber Drivers Are Employees

The injunction has 10 days to take effect, giving the ridesharing companies time to appeal the decision.
By Lauren Muskett | August 11, 2020
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Engineer Gets 18 Months in Google Secrets Case
Risk & Compliance

Engineer Gets 18 Months in Google Secrets Case

Anthony Levandowski had pleaded guilty to stealing thousands of files from Google's self-driving car program to benefit himself and Uber.
By Matthew Heller | August 5, 2020
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SoftBank Shuns Call for Board Oversight of Vision Fund
Risk & Compliance

SoftBank Shuns Call for Board Oversight of Vision Fund

Elliot Management wants the group to create a subcommittee to supervise the fund’s investment process.
By Lauren Muskett | July 6, 2020
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SoftBank Posts Record $12.7B Operating Loss in 2019-20
Financial Reporting

SoftBank Posts Record $12.7B Operating Loss in 2019-20

The company’s tech fund reported a loss of $17.7 billion.
By Lauren Muskett | May 18, 2020
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Uber CEO Asks Trump to Provide Relief to Drivers
Risk & Compliance

Uber CEO Asks Trump to Provide Relief to Drivers

The company’s 1.3 million independent workers are facing financial uncertainty due to the reduced demand for rides during the pandemic.
By Lauren Muskett | March 24, 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 Forms New Unit to Push Financial Products
Technology

Uber Forms New Unit to Push Financial Products

The company "is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform."
By Matthew Heller | October 30, 2019
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Gig Worker Protection Bill Passes California Senate
Risk & Compliance

Gig Worker Protection Bill Passes California Senate

The bill would require gig economy workers to be reclassified as employees instead of independent contractors.
By Lauren Muskett | September 11, 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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Uber Lays Off 400 People; Lyft Eliminates Chief Operating Officer Role
Human Capital & Careers

Uber Lays Off 400 People; Lyft Eliminates Chief Operating Officer Role

Both ride-sharing companies experienced staff shake-ups on Monday after disappointing market debuts.
By Lauren Muskett | July 30, 2019
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