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The Latest Breaking News from Uber

Man's horror at being charged £35,000 for a four mile, 15-minute Uber ride

Oliver Kaplan, 22, had finished work and was going to meet some friends for a drink so he decided to order an Uber - but he was stunned when he received a bill for over £35,000

Daily Mirror

Here's what Elon Musk will likely do with Twitter if he buys it

Musk says he'd loosen rules against spreading misinformation, allow former President Donald Trump back on Twitter, shake up the company's business model and find new revenue sources.

WEKU

Politicians, business titans, hear this: we don’t need any more of your ‘disruption’

Beloved by policy wonks and embraced this week by Liz Truss, what began as dry business theory has become the plague of our lives, says author Stefan Stern

The Guardian - UK

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Uber offering £250k to 25 restaurants owned by people from minority backgrounds

At least half of the grants will go to small businesses outside of London

Wales Online

Uber To Add Motional Autonomous Vehicles To Fleet For Rides, Food

The cars will begin completing trips by the end of the year.

Motor1

Ex-Uber chief security officer pleads guilty to covering up 2016 data breach

SAN FRANCISCO – The ex-chief security officer of Uber Technologies Inc. has been convicted of covering up a 2016 data breach involving 57 million of the San Francisco-based ride-hailing company’s users, according to the U.S. Attorney’s Office.

Tribune News Service

Karnataka Transport Department issues notices to Ola, Uber, and Rapido for charging exorbitant fares for auto rides

Bengaluru

The Hindu

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Tesla To Feel Pressure After Musk's Twitter-Deal News; OPEC Output Cut Disappoints Biden; Shell Profits Low: Top Stories Thursday, Oct. 6

Benzinga

Right's new slur: "Child abduction"

A student-led group in Virginia promised to protect trans kids. That sparked a massive right-wing freakout

Salon

Even After $100 Billion, Self-Driving Cars Are Going Nowhere

They were supposed to be the future. But prominent detractors—including Anthony Levandowski, who pioneered the industry—are getting louder as the losses get bigger.

Businessweek

Uber’s former security chief covered up enormous hack he said ‘did not exist’

‘The story outside of the security group was to be that “this investigation does not exist”’, Joseph Sullivan told subordinates

The Independent UK

Former Uber security chief found guilty of concealing data breach

Joe Sullivan failed to report a cybersecurity incident to authorities in 2016

The Guardian - US

UK drivers for Bolt ride-hailing app pursue worker benefits claim

Lawyers acting for more than 1,600 drivers say they have been wrongly classed as self-employed

The Guardian - UK

Blaming poor labour conditions in Ghana's transport sector on ride-hailing companies misses the deeper issues

Ride-hailing services like Uber and Lyft have become ubiquitous in many parts of the world over the past decade. Criticism of their business model has also become commonplace: ride-hailing companies are frequently accused of destroying traditional taxi businesses, undermining wages, and creating the digital equivalent of sweatshops.

The Conversation

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Evening Standard

Cost of a black cab ride could go up by 11%

Rise will help drivers hit by higher fuel costs as they enjoy surge in demand

Pedestrian.tv

Two Blokes Released On Bail After An Alleged ‘Punch-Up’ Over Margot Robbie Cara D Pics

Yikes.

Los Angeles Times

Can most Californians even afford to retire?

Steven Johnson spent 19 years as a minimum wage laborer for a Los Angeles moving company, lifting heavy furniture and suffering three hernias along the way.

Chronicle Live

Money-saving tips for students as they settle into university life amid cost of living crisis

A savings expert has put together some useful money-saving tips for university students, including discounts, travel and supermarket shopping - read the full list here

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Tribune News Service

Feds must crack down on cyberattacks, Sen. Schumer says

In the wake of hacks of big companies like American Airlines and DoorDash, the federal government needs to boost cybersecurity for consumers, Senate Majority Leader Chuck Schumer said.

The Guardian - UK

EU investigates Dutch ex-commissioner over Uber lobbying claims

Anti-fraud office opens inquiry into allegations against Neelie Kroes after alleged breach of ethics rules

Benzinga

Investor Behind The Biggest Startups Spills The Exact Moment You Should Start Your Business

Bill Gurley, a well-known Silicon Valley venture capitalist best known for his investments in tech unicorns such as OpenTable and Uber, stated on a podcast that this could be the best time in the past 10 years to start a business from scratch.

StockNews.com

3 Stocks to Avoid During These Trying Times

As the Fed's aggressive monetary policy stance to contain the soaring inflation is projected to keep the stock market under pressure in the coming months, we think fundamentally-weak stocks Uber Technologies (UBER), Lucid Group (LCID), and Opendoor Technologies (OPEN) are best avoided now. Read on….

Benzinga

Uber Technologies Whale Trades For September 29

A whale with a lot of money to spend has taken a noticeably bullish stance on Uber Technologies. Looking at options history for Uber Technologies (NYSE:UBER) we detected 12 strange trades.

StockNews.com

Owning These 5 Stocks Won't Make You Rich in 2022

Since the Fed’s hawkish monetary policy stance to control the raging inflation is expected to keep the stock market under pressure in the upcoming months, we think it could be wise to avoid fundamentally weak stocks Uber Technologies (UBER), Coinbase Global (COIN), Peloton Interactive (PTON), FuelCell Energy (FCEL), and Marathon…

Benzinga

Will Lyft Stock Lag After Hiring Freeze? Why Analysts Say Uber Could Capture Market

Lyft Inc.'s (NASDAQ: LYFT) U.S. hiring freeze has analysts anticipating what the impact could be on the e-hailing industry.

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