Uber Stories
Uber Raises $1.15 Billion Leveraged Loan
The money will be reportedly used to support Uber's global expansion and operations and invest in research and development and engineering.
Oculus CEO Brendan Iribe’s Twitter Account Hacked, New ‘Boss’ Announced
The hacker announced a new CEO through Brendan Iribe’s Twitter account, which was briefly compromised Wednesday.
Twitter Bots Are Trying To Keep Uber In New Jersey
A digital campaign to fight a bill that would require driver background checks has some nonhuman support.
Uber, Lyft Resolve Litigation Involving Top Executives
The dispute was triggered after Lyft executive Travis VanderZanden quit the company to work for rival Uber.
Uber, Lyft Rivals Rush To Texas Capital After Fingerprint Fight
The market leaders pulled out of the Texas capital last month over its requirement that drivers for ride-hailing services be fingerprinted.
Will Ride-Hailing Continue In Chicago? Uber, Lyft Face Vote On Whether Their Drivers Face More Stringent Background Checks
Chicago’s city council will vote next week on whether Uber and Lyft drivers will be required to undergo more regulatory scrutiny.
China’s Uber Rival Didi Chuxing Raises $7.3 Billion In Latest Funding
The country’s biggest ride-hailing company now has about $10.5 billion in disposable funds compared to rival Uber’s $11 billion.
Uber To Pay $7.5M Settlement In Lawsuit Over Driver Background Checks
The deal to end a lawsuit over background checks is the latest effort by the ride-hailing company to remove some of the litigation risk it faces.
Didi Chuxing, Uber’s Chinese Rival, Raises $600 Million From China Life Insurance
The Uber rival in China, which raised $1 billion from Apple a month ago, received the new round of funding from China Life Insurance.
Kevin Durant To Boston? Fasten Offers Free Rides To Lure NBA Free Agent
If NBA free-agent-to-be Kevin Durant signs with the Boston Celtics, he’ll never have to pay for a ride again.
Daimler And Uber, Now Almost Equal In Value, Swipe At Each Other, Gently
The German automaker’s chief says his company is unlikely to buy a stake in the ride-hailing firm, and Uber’s head says that is fine by him.
Saudi Support: Money-Losing Ride-Hailing Service Uber Gets Big Cash Infusion From World’s Oil Kingpin
The Silicon Valley ride-hailing company just won a big backer in the Middle East: Saudi oil money.
Borrowers Beware: Toyota, Uber Create Leasing Options That Let Drivers Pay With Their Uber Earnings
Uber drivers who lease a Toyota vehicle will be able to pay off the lease as they earn money driving, the companies say.
Uber Wants Startups To Pitch Venture Capitalists While Riding Around In Ubers
The ride-hailing company said Tuesday it is launching a matchmaker-type service aimed at pairing startups with venture capitalists.
Uber Self-Driving Car Tests Begin As Ride-Hailing App Takes On Google, Apple, Tesla And More
These days, it seems that just about everyone is getting into the autonomous car business, with Uber the latest to show its hand.
Five Reasons Apple Is Investing $1 Billion In Chinese Ride-Hailing Company Didi Chuxing
Apple has lots to gain from an alliance with Didi Chuxing, including better insight into the world's No. 2 economy — and winning over its government.
Uber In Europe: UberPOP Sweden Service Suspended After Rulings Against Drivers
It's not the first time, and probably won’t be the last, that the ride-hailing app has been the source of controversy and legal disputes in Europe.
China’s Uber Headache: How Ride Hailing Apps Have Enraged Taxi Operators, Delighted Consumers, And Challenged China’s Government
Shanghai arrested 1,100 people for civil disobedience in March. What were they doing? Driving for Uber and other ride-hailing apps — and challenging China’s tightly regulated taxi sector.
Uber, Lyft Lose Austin, Texas, Referendum After Spending Millions To Change Ride-Hailing Rules
The ride-hailing companies poured millions into an effort to change the Texas capital's ordinances on taxi services.
Obama Foundation Donors Spent Millions Lobbying On Taxes, Immigration Reform And Anti-Competition During Administration
Donors and directors of the president’s foundation have spent millions lobbying the government on taxes and immigration reform.
‘Uber-Lyft Ordinance’: Ride-Booking Companies Have Spent $8.1M To Ban Fingerprinting Drivers In Texas State Capital
After being bombarded by $8 million in spending from the ride-sharing companies, voters will decide Saturday on an ordinance that could see the companies leave Austin.
Will Hungary Ban Uber? Government Proposes Legislation To Bar Ride-Hailing App After Multiple Protests By Taxi Drivers
Janos Fonagy, the state secretary at the Ministry of National Development, described the ride-hailing company as “consciously and cynically breaking every Hungarian law.”
Panama Papers: Corporations Shifted A Half-Trillion Dollars To Offshore Tax Havens In 2012
In some small countries, the profits reported by American corporations are larger than the entire gross domestic product.
Vernee Thor For $99 Includes 5-Inch HD Screen, Octa-core Chip, 3 GB RAM, Android 6.0, 13MP Camera, Huge Battery
The new Vernee Thor midrange smartphone is now available for $99 through a promotional offer that expires on April 9.
Uber CEO Travis Kalanick To Face Price-Fixing Antitrust Lawsuit, Judge Rules, As Uber’s Legal Woes Mount
An Uber passenger filed a complaint in December, alleging CEO Travis Kalanick conspired with drivers to fix high surge-pricing fares.
Uber CEO On China: Ride Hailing App Using Part Of $1 Billion Annual Global Profit To Fund Expansion In Chinese Market
The ride-hailing company will use annual revenue fund expansion in the world's second-biggest economy, its CEO says.
Indonesia Asks Ride-Hailing Apps Like Uber, Grab To Register Cars By May
Traffic in the capital Jakarta came to a complete halt Tuesday due to violent protests by taxi drivers.
Jakarta Protests: Taxi Drivers Demonstrate Against Uber, GrabTaxi Leading To Traffic Chaos In Indonesian Capital
The Indonesian capital witnessed traffic chaos Tuesday due to a rowdy protest against what taxi drivers say is unfair competition from ride-hailing apps such as Uber.
Managed By Q: On-Demand Company Gives 5 Percent Of Equity To Workers As Labor Secretary Tom Perez Praises Employers Who Take ‘The High Road’
The on-demand company's decision to grant stock options to cleaners, handymen and other staff drew praise Friday from the U.S. labor secretary.
Uber Denies It Has Received Thousands Of Complaints Of Rape And Sexual Assault
Uber strongly denies receiving thousands of complaints of rape and sexual assault after a report leaked customer service details.