Drivers can’t make ends meet. Given the median income of roughly $25,000 a year and the number of hours required behind the wheel to earn...
PayPal lost $228 million in the third quarter partially due to Uber’s failure to make money, Bloomberg reported on Tuesday (Oct. 8). PayPal’s $500 million...
From the ashes of WeWork’s failed IPO … more ashes? Perhaps so, at least for the traditional IPO model. Other money-losing firms are seeing their...
Ride-hailing app Uber said users will soon be able to fly to and from Lower Manhattan in New York and John F. Kennedy International Airport...
Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. 2). Founded in...
The Malaysia Competition Commission (MyCC) has launched a probe against ride-hailing firm Grab and will soon arrive at a decision about the matter, Reuters reported...
Uber’s apps are getting a makeover – and a bit of a merger. To that end, Uber said at an event on Thursday (Sept. 26)...
Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. SoftBank Group Corp. is among several credit providers also...