One of Uber’s ridesharing rivals, China’s Didi Chuxing, has acquired Brazilian startup 99, reportedly for around $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Driving a traditional taxi cab is not an inexpensive proposition because the medallions necessary to do the driving are not cheap. And, as Uber and Lyft have eaten up more and more of the market, drivers are defaulting on their debts. Get the Full Story...
Uber Technologies has reportedly sold its subprime auto leasing business in the U.S. to Fair.com, a car marketplace startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Daimler’s Daimler Mobility Services announced news on Thursday (Dec. 21) that it has acquired a majority stake in Chauffeur Privé, one of the leading private hire vehicle services in France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A European Union court is slated to decide later this week if ridesharing firm Uber is a digital company or one that provides transport services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy, matching its riders with autonomous vehicles in parts of Boston. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Uber is getting hit with accusations that it has a secret unit that was created to steal trade secrets, according to news from The Financial Times, citing information from the pretrial hearing between Uber and Alphabet’s self-driving car unit Waymo. Waymo has accused Uber of stealing...
As SoftBank’s investment is looming on the horizon, Uber is reporting losses on the rise in the third quarter of the year. Uber reported unadjusted net losses of $1.46 billion in the third quarter, according to Reuters reports. The adjusted figure, according to The Financial Times, is $743m...
Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
