brought massive amounts of scrutiny to the program and caused Uber to temporarily remove its autonomous vehicles from roads where they were operating.
The company is back to testing, Uber's chief self-driving scientist said on Tuesday, and the company is still investing massive amounts of capital into the software and hardware for its eventual autonomous fleet. After all, self-driving cars are seen by many as the company's only way to profitability given that paying drivers is one of Uber's biggest expenses.
Other bets don't stop at autonomous taxis, either. Uber's new mobility unit is working to advance its bike and scooter offerings, which began with the company's purchase of Jump Bikes last year. Most recently, its scooters launched in Washington D.C. and London among others. The group, overseen by Rachel Holt in D.C., has
. The service is powered by the Israeli tech startup Moovit, and also allows users to purchase train tickets directly in the Uber app.. Allison took over from former chief product officer Jeff Holden in 2018, shortly after the company's annual elevate conference in Los Angeles. This year's elevate conference is set for June in Washington D.C.But until those moonshot services are making money, investors will likely be focused on the company's main ride-hailing business.
Now, under the leadership of Dara Khosrowshahi, who has led the company since 2017, Uber has taken a different approach. The former Expedia executive summed up the change in one simple sentence:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Factbox: Four measures to watch for in Uber's IPO filingUber Technologies Inc's initial public offering (IPO) filing on Thursday wi... After 7 hours today and I haven't paid for gas yet
Source: Reuters - 🏆 2. / 97 Read more »
Uber readies its massive IPO after a long, bumpy roadTwo years ago, Uber was nearly derailed by allegations of sexism and harassment, a damning investigation into its workplace culture and the exodus of nearly all of its C-suite. Now, it's poised to make its Wall Street debut.
Source: CNN - 🏆 4. / 95 Read more »
Uber plans to sell around $10 billion worth of stock in IPOUber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday. Big question andrewrsorkin for dkhos is how they will reward all drivers pre-IPO. Will they give every driver bonus or shares for every ride or will they do PR stunt like Lyft?
Source: CNBC - 🏆 12. / 72 Read more »
Lyft shares hit new low as Uber IPO chatter revs upShares of recently listed Lyft Inc fell to a fresh low and closed the day down a... Lyft sinks? 🤔😏
Source: Reuters - 🏆 2. / 97 Read more »
Uber, ahead of IPO, sees some time before self-driving cars dominate the roadSelf-driving cars won’t take over the roads anytime soon, the chief scientist of Uber's autonomous vehicle unit says at a Reuters Newsmaker event Everyone knows they will never make a profit 🙄 How exciting! The bringers of the desert otherwise known as the 'gig economy' now want squeeze out its labor force to increase profitably. Golly, will any of those savings will be passed along to the consumers? I wonder... Youngest chief scientist not named by self/founder I've seen at a company that size. Is she a mega genius or what?
Source: Reuters - 🏆 2. / 97 Read more »
The Uber IPO Might Not Be as Big as You Thought. Blame Lyft.Uber’s initial public offering could be one of the biggest tech offerings of all time, but the company’s valuation may not be as high as some investors expected. Blame Lyft’s performance following its own IPO. UGH $LYFT this is all your fault! How could you not live up to your (fake) unicorn 20 billion dollar valuation?!? This is the decade of ez money!
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber looks to raise about $10 billion in IPO, seeks valuation of up to $100 billion--reportsUber Technologies is looking to offer around $10 billion worth of stock in its initial public offering, with most of the shares being sold directly by the... Now that is uber overpriced diamondsforex 你有没有交易软件或平台 推荐一下 谢谢
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber plans to sell around $10 billion worth of stock in its IPO, seeks $90 billion valuationMost of the shares would be issued by the company, while a smaller portion would be owned by investors cashing out, according to sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »
Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
Source: Forbes - 🏆 394. / 53 Read more »