Uber's financial services head Peter Hazlehurst is stepping down as the company focuses on rides and food delivery, and ices plans to become a financial services company, Bloomberg News reported, citing an email to staff.
Chief Executive Officer Dara Khosrowshahi said in the email that Uber will "deprioritize" several of its finance-related projects, which included credit cards, a digital wallet and instant payments for drivers, the report on Thursday added.and said it will focus on its core businesses and planned to reduce investment in several "non-core projects" to weather the impact of the pandemic on its business.Get a daily round up of our most popular tech stories.
RideSafeWorld Shit company, pyramid scheme.
Remind me again what that core business is and where the revenue comes from? Is it more than simply exploiting drivers in a bad economy?
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.
Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber pares back digital wallet ambitions, head of unit quits: Bloomberg NewsUber Technologies Inc's financial services head Peter Hazlehurst is stepping down as the company focuses on rides and food delivery, and ices plans to become a financial services company, Bloomberg News reported, citing an email to staff. No bankruptcy ambitions? Uber prepares for bankruptcy, then moon to 100. Uber Technologies ' Inc financial services head Peter Hazlehurst is stepping down as the company focuses on rides and food delivery.
Source: Reuters - 🏆 2. / 97 Read more »
California to ask court to force Uber, Lyft to reclassify drivers: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's it just more statism. --- mbauwens Uber
Source: BusinessInsider - 🏆 729. / 51 Read more »
Washington insider Jack Abramoff to head back to prison, prosecutors sayNotorious former Washington insider Jack Abramoff appears headed back to prison after entering into a plea deal with federal prosecutors in San Francisco. Covid - 19 disease is spreading rapidly in Yemen. BBCQuestionTime Yemen YemeniLivesMatter The United Nations has warned of the rapid spread of coronavirus in Yemen, while UN aid to the country is coming to an end. BBCQuestionTime Yemen YemenCantWait Ahh it will never be like the first time We will always remember your first time jack. I think there is a song. TWO TIMES A FELON.
Source: CNN - 🏆 4. / 95 Read more »
Electric pickups are poised to leapfrog entry-level buyers and pull in major profits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Germany put 500,000 people back under lockdown after a spike in coronavirus cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. joncoopertweets Germany is lucky to have Angela. We have 🤡 joncoopertweets Smart! Now GavinNewsom needs to follow... Spikes everywhere... Protect our children! you have no rights
Source: BusinessInsider - 🏆 729. / 51 Read more »