by Admin | May 15, 2020 | Companies, News
At the beginning of 2020, Uber announced that this would finally be the year the company reached profitability, after three solid years of heavy spending to boost its growth and market share and a disappointing IPO. As of the end of 2019, Uber had 67 percent of the...
by Admin | May 10, 2019 | Companies, News
Uber had its IPO today—May 10, 2019—but it turned out to be kind of a bummer for the company. It priced its shares at $45 for its IPO, but it began trading on the New York Stock Exchange at $42 per share. Three dollars per share doesn’t sound like a lot, but when you...
by Admin | Oct 30, 2017 | Companies, News
Take note, Uber riders: If it takes a driver longer than eight minutes to meet you, you will have to pay for it. As part of its “180 Days of Change,” Uber will now charge fees for longer distance pickups as a way to give drivers more flexibility and opportunities to...
by Admin | Jun 23, 2017 | Companies, News
Travis Kalanick has resigned as the chief executive of Uber. Kalanick was Uber’s co-founder, and he turned it into a global tech giant. Last week, under pressure, Kalanick announced that he was going on an indefinite leave of absence following the death of his mother....
by Admin | Sep 21, 2016 | Companies, News, Technology
Uber just announced that it has begun a pilot program of driverless cars in Pittsburgh. The cars still have engineers riding along who can take care of problems as they arise, but its ultimate goal is to provide cars that simply don’t have human drivers. Uber...
