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Tag Archives: Uber39s

Uber's self drive unit receives its own CEO and a $ 1 billion investment

When Uber finally completes its IPO, its self-propelled passenger car unit gains a great deal of liquidity and independence. The company announced tonight that Toyota, Denso and Softbank will invest a total of $ 1 billion in the Advanced Technologies Group (Uber ATG). This means that this part of the company is estimated at $ 7.25 billion. This increases Toyota's …

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Uber's self-driving unit receives a $ 1 billion investment from SoftBank and the Japanese auto industry

Uber leader Dara Khosrowshahi announced tonight that the Japanese conglomerate SoftBank Vision Fund, automaker Toyota and automotive supplier Denso have made a $ 1 billion investment. The news confirms an article by The Wall Street Journal which was released earlier this week and reported that Uber was about to finance its autonomous department, Uber Advanced Technologies Group (UberATG). Khosrowshahi posted …

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Uber's terrible losses make his high stock valuation a fantasy

Passengers love Uber's calculated fares. Why would not they? Uber loses money on almost every trip. If you sit on the back of a Uber car, you can rejoice that the business concept of the company was aimed at taking money from the rich – the private investors who supported the amazing growth of the passenger service – the Unrich …

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Analysts do not know what to do with Uber's $ 100 billion valuation

There are several ways to justify Uber's rating, according to the analysts interviewed for this article, but they are currently difficult to predict. DA Davidson's senior research analyst Tom White said he wants to justify $ 100 billion valuation for three things. First, he wants evidence that Uber could significantly improve its revenue growth. Second, he would look for signs …

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Uber's top deal maker resigned after allegations of wrongdoing became known

Cameron Poetzscher, the top deal maker of Uber Technologies Inc., left the company, a loss less than a month ago after an article in the Wall Street Journal revealed allegations of sexual misconduct in the office [19659002]. Head of Corporate Development, Poetzscher, was a trusted advisor to Director-General Dara Khosrowshahi, overseeing Uber's largest businesses, including the $ 7.7 billion investment …

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Can a Toyota Deal Save Uber's Robotaxi Dreams – and CEO's IPO Hopes?

<div _ngcontent-c16 = "" innerhtml = " About CEO Dara Khosrowshahi arrives The Allen & Co. Media and Technology Conference on July 10 in Sun Valley, Idaho. © 2018 Bloomberg Finance LP Uber's self-driving vehicle program was shattered by a deadly collision, a costly lawsuit involving Alphabet Inc Waymo and the sudden Dissolution of its robotics trucking project, but a …

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Uber's CFO Pick gives his leadership team strength before the IPO

Updated on August 21, 2018, 11:14 am ET Uber Technologies Inc. has selected a CFO who is very familiar with the IPO process and strengthens and stabilizes the company's leadership team while preparing for a listing. After a long search, Nelson Chaias was appointed CFO on Tuesday. Mr. Chai had the top finance job at Merrill Lynch & Co. and …

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Uber's move into bicycles and food delivery exacerbated losses

image copyright Getty Images Uber's losses are increasing, though revenues from its taxi app business have risen by 51% annually after paying their drivers It rose to $ 2.7 million in the last quarter. But the cost of expansion plans in areas such as bike-sharing and Uber Eats, the food delivery business, has led to a rapid increase in losses. …

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Will Uber's CEO still be able to save the image of the brand?

When Dara Khosrowshahi became CEO of Uber, he was considered the leader who could fix the image of the brand. Gone are the scandals, PR crises and office bro culture that plagued the company under founder Travis Kalanick. About ten months after Khosrowshahi, the former Expedia boss, took over the company, Uber is still drawing controversy. The New York Times …

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