Analysts Welcome Kalanick’s Exit From Uber
Kalanick to focus on his “ghost kitchen” business which has already gathered around “$400 million” from investors.
Uber
Post Q1 Loss, Uber Reveals Its IPO Terms
Uber updates its public filing for valuation expectations in the wake of Lyft’s poor performance post IPO.
Uber Plans On Becoming ‘One Of The Biggest Technology IPOs Of All Time’
The chief executive of Uber will have to convince the investors for a successful investment into IPO shares.
Zenuity To Take Self Driving Car Road Test In Sweden With Permission
The race of the autonomous driving technology seems to be nearing its completion while permissions for road tests become stricter.
Booking Holdings Invests ‘$500 million’ In Didi
In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services.
BMW & Dailmer In A Joint New Venture To Compete With Uber & Didi Chuxing
The CFO of Daimler breaks the news that two carmakers of luxury brands of Germany are coming together to create a new division eyeing a place as a global player in the sector.
Data Breach Cover-Up By Uber Attracts Britain Regulators’ Concerns
The fate of Uber on the compromise of customer privacy policies, as the company failed to notify its customers as well as regulators, remains to be decided while the regulatory body said that companies could be subject to “higher fines” for deliberate concealing of breaches.
Uber defends its business model, safety of drivers, at UK tribunal
Facing strong headwinds stemming from its past management practices, Uber will try to defend itself against mounting criticism while capitalizing on growing sympathies. Here’s the scoop of its legal setbacks as well as silver lining of its potential future.
From October 1 Uber is banned in London
A number of reasons have been cited for stripping its license. Uber has 21 days to appeal this decision by Tfl.
Dara Khosrowshahi Is The New Face Of Uber’s C.E.O.
After careful selection, the board of Uber narrows down its options and takes a step towards mending its image through new leadership.
The South-East Asian Competitor Of Uber, Grab Is Set Expand In Payment Sector Through Acquisition
Grab seeks to reach the “dominant position” in “mobile wallet payments system” throughout the region of south-east Asia.
New Regulations’ Are Welcomed By Chinese ‘Ride-Hailing’ Services
Didi & Uber, the ride-hailing rival in China get support from Chinese government who still curbs “its behaviour”.
