Category: Uber’s

Uber’s delivery business is now larger than ride-hailing
, ,

Uber’s delivery business is now larger than ride-hailing

Uber reported its second-quarter earnings Thursday, and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pandemic. Uber’s delivery business — better known as Uber Eats — is now bigger than its original and core ride-hailing division, based on adjusted net revenue.…

Read More
Uber’s Shin-pei Tsay is coming to TC Sessions: Mobility
, ,

Uber’s Shin-pei Tsay is coming to TC Sessions: Mobility

Government and policy experts are among the most important people in the future of transportation. Any company pursuing the shared scooters and bikes business, ride-hailing, on-demand shuttles and eventually autonomous vehicles has to have someone, or a team of people, who can work with cities. Enter Shin-pei Tsay, the director of policy, cities and transportation…

Read More
Uber’s Wheels Are Coming Off amid a $1 Billion Loss
, ,

Uber’s Wheels Are Coming Off amid a $1 Billion Loss

Uber lost a billion dollars in the last quarter, but there is still some decent growth in its business. The problem is Uber won’t make money for a while. | Source: Shutterstock Mega-unicorn Uber reported earnings, or rather losses, on Thursday that demonstrate why hype doesn’t always work in a company’s favor. Let’s hit the headline…

Read More