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Tag Archives: über

Uber buys Postmates for $ 2.65 billion

SAN FRANCISCO – Uber has agreed to purchase the postmates start-up for the delivery of food for $ 2.65 billion, two people with knowledge of the business said, as the hail fighting company has its presence in on-demand delivery wants to expand food while its core business has problems. Companies are planning to announce the all-stock deal on Monday, the …

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Uber, Lyft drivers are employees, says the California regulator

(Reuters) – Drivers who work for hail shipping services like Uber Technologies Inc and Lyft Inc are considered employees under the new California Gig Workers Act, the state’s leading industry regulator said Thursday. Uber and Lyft stocks fell 5.3% and 4.2% respectively in early trading, with the new order at the center of the Gig Economy business model of technology …

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Uber was upset about Grubhub’s sales process when the deal slipped

This illustration photo shows the Uber and Grubhub logos on May 19, 2020 on mobile phone screens in Ankara, Turkey. Hakan Nural | Anadolu Agency | Getty Images Uber officials are confused about Grubhub’s decision to partner with Just Eat Takeaway, leading to a higher offer price and frustration over disagreements over characterizing regulatory risks, people familiar with the matter …

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Uber Eats no longer charges delivery fees for black owned restaurants

Uber said it will make changes to its hailing app and Uber Eats delivery service to support black-owned companies. In an email to customers late Thursday, CEO Dara Khosrowshahi said Uber Eats will advertise black-owned restaurants in its app and that the service will not charge those restaurants “for the rest of the year” any delivery fees. Uber will also …

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Uber rival Bolt, valued at $ 1.9 billion, plans to restore corona viruses

Markus Villig, CEO of Bolt bolt Bolt, a European competitor to Uber, claims to have a value of $ 1.7 billion ($ 1.9 billion) after raising new funds to reestablish momentum in a business severely disrupted by the coronavirus pandemic build up. The Tallinn, Estonia-based company announced on Tuesday that it had raised 100 million euros from Naya Capital, an …

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Uber requires drivers to wear face masks from May 18

The Uber logo is displayed on a smartphone via surgical masks. Beata Zawrzel | NurPhoto via Getty Images Uber introduces a number of new safety functions in its app, including a tool that checks whether drivers are wearing face masks before they travel. The move is an attempt by the company to restore momentum to its core ridesharing business as …

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Grubhub stock stopped after Uber report was considering a takeover

According to a person familiar with the matter, Uber made an offer to buy the grocer Grubhub. Grubhub’s stock rose up to 37% on Tuesday after Bloomberg first reported that Uber had made a takeover bid to the company. Grubhub’s stock was stopped for a few minutes due to volatility before trading resumed. It was then stopped a second and …

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Corona virus effects cause Uber to release 3,700 over zoom

SHUT DOWN Large corporations such as Starbucks, Uber, Facebook and Apple are increasingly helping healthcare workers tackle the coronavirus pandemic. USA TODAY For many, the new normality during the coronavirus pandemic means that you have to do your work from home. The downside? Jobs can be canceled remotely, as around 3,700 Uber employees recently learned about Zoom. Uber used the …

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California sued Uber and Lyft, claiming workers were misclassified

OAKLAND, California – California’s attorney general and a coalition of state city attorneys sued Uber and Lyft on Tuesday, alleging that the companies wrongly classified their drivers as independent contractors, violating a state law that makes them employees. The law, known as Assembly Bill 5, requires companies to treat employees as employees rather than contractors when controlling how workers perform …

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Uber withdraws the guidelines for 2020 – TechCrunch

About is based on its annual forecast for 2020 due to the COVID-19 pandemic. To update: This article has been corrected to take into account that the forecast was for 2020 and not an update that would include the fourth quarter adjusted EBITDA profitability target. Dara Khosrowshahi, CEO of Uber, said earlier this year that the company plans to generate …

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