Tag: Uber

Russia approves Yandex ridesharing business with Uber
Tech

Russia approves Yandex ridesharing business with Uber

The Federal Antimonopoly Service of the Russian Federation has approved the agreement between Yandex and Uber to combine their ride-sharing businesses in Russia. The Ministry of Antimonopoly Regulation and Trade of the Republic of Belarus has also approved the transaction in Belarus. The decision of the antimonopoly service of Kazakhstan […]

Why Uber was hiding a devious hack
Tech

Why Uber was hiding a devious hack

Uber are said to have paid hackers to a tune of USD100,000 to conceal a breach in the company’s system in 2016. Uber confirmed that information of over 57 million customers and drivers in October 2016 were stolen without the company alerting the key players. The hackers were reported to […]

Why Taxi app Uber lost its license in London
Global

Why Taxi app Uber lost its license in London

Popular Taxi technology firm, Uber, has lost its licence to operate in London effective September 30, London. The city’s transport regulator announced the decision which obviously will deal a huge blow blow to the taxi app. The regulator, Transport for London said that Uber approach to transportation lacked corporate responsibility […]

Alphabet to invest USD1 billion in Uber’s rival, Lyft
Tech

Alphabet to invest USD1 billion in Uber’s rival, Lyft

Lyft, Uber’s biggest competitor in the western region might be getting close to USD1 billion investment to its kitty. According to unnamed sources cited by Bloomberg, Alphabet Inc., Google’s parent might be taking the bet anytime soon. The fund is said to be invested through Capital G, Alphabet’s venture capital […]

Dara Khosrowshahi to lead Uber in a competition-heavy era
Tech

Dara Khosrowshahi to lead Uber in a competition-heavy era

Uber, the world’s largest ride-hailing company has picked Dara Khosrowshahi as its new chief executive. Dara Khosrowshahi, the former chief executive of Expedia, has accepted Uber’s appointment to become its leader in an era of stronger competition across key markets where the company looks to growth. For all it is worth, Dara […]

Grab raises USD2 billion from Softbank, Didi
Tech

Grab raises USD2 billion from Softbank, Didi

Uber’s arch-rival, is reported to have raised USD2 billion from Japanese telecom and tech investor, Softbank and China’s Didi. According to the Wall Street Journal report earlier today, the deal now values Grab at USD5 billion. Neither Grab, Softbank nor Didi has commented on the matter. Grab operates in 55 […]

Uber hits 5 billion trips
Tech

Uber hits 5 billion trips

The world’s largest ride-hailing service, Uber Technologies Inc., said it has successfully completed 5 billion trips, seven years after the company started operations. According to its disclosure, Uber reached one billion trips back in 2010, exactly six months after it started operations. “Uber said in its upbeat statement that the […]