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The Latest Breaking News from Uber

Explained: SpaceX's IPO includes a 'greenshoe' option. Here's what that means

SpaceX's record $75 billion IPO includes a greenshoe option, allowing for the sale of an additional 15% of shares. This standard feature, designed to stabilize trading, could raise SpaceX an extra $11.2 billion if demand remains strong. The greenshoe option, named after a 1960 IPO, helps manage volatility for newly…

The Economic Times

Lyft, Uber sue New York City to block driver retention law

Both companies are challenging Local Law 52 of ‌2026, which ⁠generally prevents ⁠large ride-sharing companies from swiftly dismissing drivers absent a "bona fide economic reason" or "just cause."

The Economic Times

SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

The real money comes after the opening bell.

Fortune

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Noida airport to rely on cabs as flights begin on June 15

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. App-based taxis like Uber and Ola will be available. Local taxi drivers anticipate increased demand. Electric bus services are expected to launch soon. Airport authorities are coordinating with mobility providers for smooth operations.

The Economic Times

Jensen Huang Says AI Is ‘Insanely Profitable.’ That Means It’s Not Too Late to Hop on the Nvidia Bandwagon.

Huang continues with his bullish stance on AI.

Barchart

Uber CEO Dara Khosrowshahi says parents are doing kids a ‘disservice’ with this common parenting habit

Uber CEO Dara Khosrowshahi has warned that excessive parental protection, or 'helicopter parenting,' can hinder children's long-term development. He argued that shielding kids from challenges prevents them from building resilience and independence, which are crucial for character development and finding satisfaction in life. Dara Khosrowshahi said that by helping children…

The Economic Times

Uber's Dream AI Job Turned Into a Nightmare

Imagine receiving an offer that promises up to $150 an hour. No advanced degree requirement. A chance to work on some of the world's most powerful artificial intelligence systems. For thousands of tech workers, it sounded like the opportunity of a lifetime. But behind the impressive paycheck, workers claim they…

MyLifeXP

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Accused LA wildfire arsonist wanted ‘revenge on society’, prosecutors say as trial opens

Defense says no evidence occasional Uber driver Jonathan Rinderknecht ignited deadly blaze on New Year’s Day 2025

The Guardian - US

Xpeng’s AI Progress Should Give XPEV Stock a Big Boost in the Long Term

Given Xpeng's considerable progress when it comes to technology, the valuation of XPEV stock appears to be very low.

Barchart

Ride-hailing app Bolt expands to Italy in bid to shake up underserved market

Estonia-based Bolt will work with hundreds of drivers in Milan - either official cab drivers or private hire car drivers - and expects to service millions of rides in the first year, said founder and Chief Executive Markus Villig.

The Economic Times

Wedbush Thinks Cerebras Stock Is Ready for More Upside as CBRS Debuted at Just the Right Time

Fresh off one of the hottest IPOs in years, Cerebras is winning over Wall Street as Wedbush bets the AI upstart's best days are still ahead.

Barchart

Robotaxis are coming to Europe — and the EU wants to speed things up

France, Germany, Italy and 14 other countries have signed a joint declaration to coordinate autonomous vehicle testing across borders, paving the way for faster adoption of the technology across Europe.

Euronews

Trial begins for man accused of sparking LA’s deadly Palisades fire

Jonathan Rinderknecht is accused of starting the blaze that became Los Angeles’s deadliest and most destructive wildfire

The Guardian - US

Uber opens sign-ups for London robotaxis ahead of launch in months

Uber is launching its first robotaxi service in London. Users can now sign up for a chance to ride in these AI-driven vehicles. The service, powered by British startup Wayve, is expected to begin in the coming months. This marks a significant step for autonomous vehicle technology in the UK.

The Economic Times

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Evening Standard

UK robotaxis to start carrying paying passengers ‘in next couple of months’

Uber will offer self-driving minicab rides in London using Wayve’s technology.

The Economic Times

Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'

Londoners can now sign up for a chance to experience the city's first robotaxis. Uber is partnering with British start-up Wayve to offer rides powered by advanced AI technology. These autonomous vehicles will operate like regular Uber services. Regulatory approval is anticipated in the coming months. This initiative aims to…

The Independent UK

Uber and Wayve join forces to launch self-driving robotaxis in London this summer

Uber, which will use Wayve’s self-driving technology, will offer their robotaxis at the same charge as its conventional minicabs

Evening Standard

Self-driving taxis to launch in London ‘in next couple of months’

London will be the first city in the world to use its technology for commercial journeys

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news in one place.

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International Business Times UK

Uber Cut 23% of Its HR Staff Days After Blowing Through Its Entire AI Budget in Just Four Months

Uber slashed 23% of its HR division on 3 June, days after its CTO admitted the company exhausted its 2026 AI coding budget in four months. The company denied AI was a factor.

The Economic Times

"Silent one please": Woman passenger praises Uber driver's 'ride menu' with four options, lets riders decide the journey style

After a long and exhausting business trip, a woman passenger shares her experience of choosing a “silent ride” option offered by her Uber driver through a laminated “ride menu.” What began as a simple request for quiet unfolds into a deeply personal story about driver's daughter and her struggles and…

Sports Illustrated

Ranking the 16 FIFA World Cup Host Cities

Each 2026 FIFA World Cup host city will offer a unique experience for fans.

Barchart

A Veteran Research Firm Issues a Stark Dot-Com Warning for Nvidia Stock

TS Lombard warned that Nvidia may resemble Cisco during the dot-com era, but the company is still delivering explosive AI-driven growth.

International Business Times

OpenAI's Sam Altman Says AI Costs Have Become a 'Huge Issue' For Companies

OpenAI CEO Sam Altman said AI spending has become a "huge issue" for companies.

Barchart

Uber Stock Alert: What to Know As Uber Slashes People Team by 23%

UBER laid off nearly a quarter of its People and Places division. Here’s what these job cuts really mean for UBER shares.

The Economic Times

Bitcoin (BTC USD) and Ethereum (ETH USD) drag crypto market cap down to $2.24 trillion in brutal selloff - here's what traders need to know

Crypto market crash today: The crypto market is experiencing a significant downturn, with total market capitalization falling to $2.24 trillion. Bitcoin and Ethereum are leading the decline, impacting altcoins and the broader DeFi sector. Heavy liquidations and a "Fear" sentiment in the market are contributing to sustained selling pressure.

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Jonathan Rinderknecht

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