The Latest Breaking News from Uber

In 2015, Beyonce accepted about $6 million in Uber stock instead of cash for a performance; 4 years later, the company went public at an $82 billion valuation

Beyoncé and Uber story remains a striking example of how celebrity culture, technology startups and equity compensation converged during Silicon Valley’s explosive growth years. In 2015, accepting reported Uber stock instead of cash for a performance could have looked like an unconventional compensation choice.

The Economic Times · Sep 15

In 2013, Jay-Z invested about $2 million in Uber; 6 years later, his stake was estimated to be worth around $70 million

Grammy-winning rapper JAY-Z built a vast empire beyond music. His early $2 million Uber investment grew significantly in value. He also founded Roc Nation and acquired the streaming service TIDAL. JAY-Z's philanthropic efforts include the Shawn Carter Foundation. He is recognized as the first hip-hop artist to achieve billionaire status.

The Economic Times · Sep 15

Rapido faces Rs 10 lakh penalty over ‘pay more, get a ride’ prompts, dark patterns in app

The Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading interface designs. Rapido used dark patterns like 'Confirm Shaming' and 'Interface Interference' to nudge riders. The authority also found the platform guilty of misleading advertisements and unfair contract terms. This action follows a sector-wide examination into advance tipping…

The Economic Times · Sep 15

Walmart Just Declared War on DoorDash and Uber Eats, But Winning Won't Be Easy for 1 Simple Reason

Walmart's new delivery push looks easy for now, but the hard part against DoorDash and Uber Eats is still to come.

Barchart · Sep 13

Europe's First Truly Driverless Robotaxi Just Started Rides In Croatia

A little known Croatian startup backed by Rimac is leading the way for robotaxis in Europe, with help from a Chinese AV company.

InsideEVs · Sep 11

Self-driving cars should be taxed to offset job losses, thinktank urges

Report says widespread autonomous vehicle adoption would put hundreds of thousands of private hire jobs at risk

The Guardian - UK · Sep 11

This Analyst Just Downgraded Uber Stock. Here's Why.

Arete Research downgrades Uber stock to "Neutral." Here’s why analyst Oliver Lester warned that there’s little to no further upside left in UBER shares.

Barchart · Sep 10

Texas woman calls an Uber late at night. Then she claims a man identified himself as her driver, but his name didn’t match: ‘Why would you say that?’

He admitted he was trying to "break the ice."

We Got This Covered · Sep 10

Uber Exits Nigeria: Why the Global Ride-Hailing Giant Shut Down Operations After 12 Years of Service

Uber has ended ride-hailing operations in Nigeria after 12 years, leaving drivers and riders to adjust as the company redirects investment and restructures its global business.

International Business Times UK · Sep 10

Woman Orders Uber Pet. Then The Driver Refuses To Let Her Golden Retriever In The Car: ‘They Should Be Fined’

"WHY ARE YOU ACCEPTING THE RIDE THEN?"

Motor1 · Sep 10