The Uber IPO in Two Words: Womp Womp

The Uber IPO in Two Words: Womp Womp

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...
Uber to Start Charging Long Pickup Fees

Uber to Start Charging Long Pickup Fees

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...
Kalanick Resigns as Uber CEO

Kalanick Resigns as Uber CEO

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....
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