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.
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."
Gig Worker Protection Bill Passes California Senate
The bill would require gig economy workers to be reclassified as employees instead of independent contractors.
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.
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.
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.
Uber’s IPO: Better Than You Thought
While media reports proclaimed the ride-sharing service's initial public offering to be a failure, it really wasn't.
IPO Market Has Busiest Quarter in Four Years
“The torrent of activity in the second quarter means that 2019 is shaping up to be a banner year for the IPO market."
Sizing Up Uber’s Fate in Transfer Pricing Audits
Tax authorities in the United States and several other countries are investigating Uber, even though it's a loss company and therefore owes no income taxes.
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.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.