Uber Archives - CFO

Gauging Work Ethic in a Multigenerational Environment

Workplace Issues

Gauging Work Ethic in a Multigenerational Environment

To leverage the benefits of a generationally diverse workforce, CFOs should understand employees’ unique preferences and behaviors.

By Adam Zaki | May 19, 2023

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

Uber Freight Bulks up With $2B Transplace Buy

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

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

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

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

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

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

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

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

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

Uber Beats Estimates But Loss Widens to $1.16B

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

Uber Forms New Unit to Push Financial Products

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

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

Uber to Cut 435 Jobs as Streamlining Continues

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

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