Tag: Uber

Breaking: Uber to file IPO on the NYSE
Global Tech

Breaking: Uber to file IPO on the NYSE

Latest news from Bloomberg says ride-hailing giant, Uber is looking at launching an initial public offering, IPO, on the New York Stock Exchange, NYSE. It would be recalled that Lyft, Uber’s major competitor had in the last quarter of last year filed for an IPO on the NASDAQ, the most […]

Lagos set to shutdown Uber operations
Tech

Lagos set to shutdown Uber operations

Lagos State Ministry of Transportation has threatened to shut down the activities of ride-hailing company Uber in the State. The Commissioner for Transportation, Mr. Ladi Lawanson noted while speaking at a Stakeholders’ Forum organized by the Ministry recently that the company risks its operations being grounded should they fail to […]

Uber’s rival, Lyft files for IPO
Tech

Uber’s rival, Lyft files for IPO

One of the major rivals of Uber, Lyft, said it has filed for an initial public offering, IPO. According to the Wall Street Journal, Lyft is aiming to debut in March or April next year, according to people familiar with the matter. By filing with the Securities and Exchange Commission […]

Uber in talks to buy Dubai’s ride hailing firm Careem
Tech

Uber in talks to buy Dubai’s ride hailing firm Careem

Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about USD2 billion to USD2.5 billion, Bloomberg reports. No final decisions have been made, and the companies may decide against the transaction. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing […]

Uber to close down self-driving trucks unit
Tech

Uber to close down self-driving trucks unit

The world’s ride-hailing company, Uber said it has stopped its self-driving truck development project to focus on its self-driving car project. It would be recalled that Uber had acquired Otto in 2016 to target the self-driving truck side of the autonomous vehicle business which has seen other tech giants such […]

Jeff Holden, Uber’s head of product resigns
Global Tech

Jeff Holden, Uber’s head of product resigns

Jeff Holden, Uber Technologies Inc Chief Product Officer is leaving the company as part of recent executive departures in the ride-hailing startup. According to Reuters News which cited an Uber spokesperson, Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, […]