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.…
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…
A little less than three years after it first announced its vision for adding flying taxi service to its portfolio of offerings, Uber has landed its first auto manufacturing partner on the skyway to making its Air Taxis real. The company announced at the Consumer Electronics Show that it would be working with Hyundai Motor…
Uber’s just-released U.S. Safety Report sets forth in some detail the number of fatal accidents, and the good news is that the overall rate per mile is about half the national average. But the report makes some puzzling choices as far as what is included and excluded. To create the report, Uber took its internal…
Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, not least that the company managed to stanch the bleeding that had…
Uber may be considering a small personal loan product for its drivers. That might be a good idea for Uber, but is terrible for drivers. | Source: Shutterstock Uber may be considering a small personal loan product for its drivers, according to an article at Vox. This should be viewed with immediate skepticism by both drivers…
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…
