The Latest Breaking News from Uber

Seattle's Sky-High Minimum Wage for Delivery Drivers Has Been a Disaster

"We created a problem and it's our responsibility to fix it," former Seattle City Council President Sara Nelson admitted.

Reason · Jun 24

Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said ‌board members ignored ⁠repeated ⁠internal and external warnings about Uber's alleged failure to address sexual abuse by drivers.

The Economic Times · Jun 23

US stocks: Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million. Despite past losses, the company boasts rapid revenue growth and a global presence. Uber, a key investor, plans to buy shares. This offering will…

The Economic Times · Jun 22

Who's Winning The Robotaxi Race? It's... Complicated

Every time we think we understand the robotaxi market, another bit of news shakes things up. This week, we got updates from Tesla, Uber, Waymo, Wayve, and Lucid.

InsideEVs · Jun 19

I rode in a robotaxi coming to the UK. Here’s the one thing that surprised me

ANALYSIS: Being driven by nobody is haunting, thrilling and dystopian. Until it isn’t, writes Andrew Griffin

The Independent UK · Jun 19

An Uber driver for World Cup fans was injured in Kansas City shootings that also left a man dead

Police say that an Uber driver taking American fans of Argentina’s soccer team to a World Cup match was among four people injured in a series of shootings in Kansas City, Missouri, that also left one man dead

The Independent UK · Jun 18

California voters will decide on dueling initiatives backed by Uber and trial attorneys in November

Two initiatives, with rideshare companies and trial attorneys taking opposing sides of the campaigns, qualified for the November ballot in California on June 17.

Ballotpedia · Jun 18

Gig workers are endlessly exploited. AI could make more of us share their fate

As companies integrate AI and hire fewer employees, a shift toward a ‘gig economy’ will commence

The Guardian - US · Jun 18

Who Fires the Sales Team During a Major Launch? Shock Rivian Layoffs Hit Hundreds as New R2 SUV Takes the Road

Rivian has laid off hundreds of employees shortly after launching its R2 SUV, aiming to cut costs and improve profitability amidst ongoing financial challenges.

International Business Times UK · Jun 18

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times · Jun 18