Uber

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More Than 3K Sexual Assaults Were Reported in 2018: Uber

Passengers and drivers were victims, company says

(Newser) - More than 3,000 sexual assaults were reported during US Uber rides in 2018, the company said in a long-awaited safety report. That figure includes 229 rapes across the company's 1.3 billion rides. Uber noted that drivers and riders were both attacked, and that some assaults occurred between... More »

'Nefarious' Reason Why Your Uber Driver May Look ... Off

Shared driver accounts are the ride-hailing service's 'dirty little secret,' per 'WSJ'

(Newser) - If you climb into an Uber where the driver doesn't look quite like their pic on the app, you may be unwittingly involved in a shady practice. Uber lost its license to operate in London this week (though CNBC notes it can still offer rides while it's appealing),... More »

London Just Broke Up With Uber

Company deemed 'not fit and proper'

(Newser) - London's transit authority says it is not renewing Uber’s license to operate in the British capital. Transport for London cited "several breaches that placed passengers and their safety at risk." The company's license expires at midnight Monday. Uber vowed to appeal the decision. The company... More »

State Says Uber Owes $650M for Misclassifying Workers

Company disputes New Jersey ruling

(Newser) - New Jersey is seeking around $650 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independent contractors. The decision is the latest setback for Uber and other companies in the so-called "gig economy" that rely heavily on contract labor to deliver the services... More »

Uber CEO Scrambles to Undo His Khashoggi Comment

Dara Khosrowshahi called the journalist's murder a 'mistake'

(Newser) - Uber CEO Dara Khosrowshahi made a mistake involving the word "mistake." In an Axios on HBO interview, he used the word to characterize Jamal Khashoggi's murder—and also his own company's fatal self-driving-car accident . CNBC reports it started with him saying, "I think that [the... More »

SoftBank Just Took Massive $6.5B Bath Over WeWork, Uber

CEO Masayoshi Son: 'There was a problem with my own judgment' on WeWork, Uber investments

(Newser) - SoftBank took a gamble on WeWork and Uber—and it just took a $6.5 billion quarterly operating loss, Bloomberg reports, its first in 14 years. The Japanese's firm's CEO is coming out of the situation both pensive and "defiant," per the New York Times . "... More »

Uber Loses Another $1.16B

Company says it will be making money by 2021

(Newser) - The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability—when adjusted for interest, taxes, depreciation, and amortization—for the full year of 2021, the AP... More »

'Unseemly' Uber Episode Gets Resurrected in Court

The ride-hailing service waited to reveal data breach

(Newser) - Two computer hackers have pleaded guilty to concocting an extortion scheme that entangled Uber in a yearlong cover-up of a data breach that stole sensitive information about 57 million of the ride-hailing service's passengers and drivers, the AP reports. The pleas entered Wednesday in a San Jose, Calif., federal... More »

Uber Employees Are Now Served Lowly Starbucks

They used to get craft coffee

(Newser) - Uber's struggles have now hit its employees' coffee mugs. That's according to the Washington Post , which takes a look at how Uber's floundering since its May IPO—its stock price is down more than 25%, and Business Insider notes its market value sank Friday below GM's... More »

Big-Name CEOs to Congress: You Need to Act Now

Heads of Twitter, Uber, others write letter asking for tougher gun laws

(Newser) - The CEOs of nearly 150 companies are stepping into the nation's gun debate, imploring Congress to expand background checks and enact a strong "red flag" law. In a letter sent to the Senate on Thursday, CEOs from businesses including Airbnb, Twitter, and Uber asked Congress to pass a... More »

Uber Lays Off Another 435 Workers

Company is trying to 'move toward profitability'

(Newser) - After losing more than $50 million a day in the second quarter of 2019, Uber is tightening its belt. The company announced the layoffs of 435 people in its product and engineering teams Tuesday, which works out to around 8% of both teams, TechCrunch reports. The company said in a... More »

Ex-Google Engineer Charged With Stealing Top-Secret Info

Anthony Levandowski charged with 33 counts of trade secrets theft in case involving Uber

(Newser) - A former Google engineer was charged Tuesday with stealing closely guarded secrets that he later sold to Uber as the ride-hailing service scrambled to catch up in the high-stakes race to build robotic vehicles. The indictment filed by the US Attorney's office in San Jose, California, is an offshoot... More »

Uber Posts Biggest-Ever Quarterly Loss

Company lost $5.24B in 3 months

(Newser) - Uber lost $5.24 billion in the second quarter of 2019—its largest quarterly loss ever—after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant says it paid $3.9 billion in stock-based compensation and expenses during the quarter. It also paid $298... More »

Uber Co-Founder Buys Most Expensive Mansion in Beverly Hills

Garrett Camp's posh purchase is immediately assailed as prime example of income inequality

(Newser) - Uber is still losing money , but co-founder Garrett Camp isn't short on cash: The billionaire and partner Eliza Nguyen bought a new Beverly Hills mansion for a record-breaking $72.5 million last week as the firm's share price closed above its $45 IPO level, Variety reports. The recently... More »

They Thought They Were in an Uber—Until It Drove the Wrong Way

2 women 'fortunate' to have escaped unknown suspect in SC

(Newser) - Police in South Carolina say two women are "very fortunate" to have escaped a man they believed to be an Uber driver, in a case with parallels to the murder of Samantha Josephson . The two women, who haven't been named, were awaiting an Uber outside a Hilton Head... More »

Parents Target Uber After 12-Year-Old Kills Herself

Benita Diamond's family says ride-sharing company should never have transported her to suicide site

(Newser) - Uber has a clear-cut policy listed on its site about transporting minors: If you're under 18, you can't ride without someone 18 or over, and drivers should turn away anyone they think might be underage. That policy is why a Florida mom and dad are now urging the... More »

Uber to Cut Back on Promotions After $1B Loss

It still plans to make this an 'investment year'

(Newser) - In its first financial report as a public company, Uber announced strong growth in revenue and user numbers—along with yet more enormous losses. The company reported a $1.01 billion loss for the first quarter of 2019, which is one of the biggest losses of any publicly traded company... More »

Great Barrier Reef Gets a 'ScUber'

Uber is branching out way down under

(Newser) - Your submarine ride-share awaits in Queensland, Australia. Thanks to Uber, what's touted as the world's first submarine ride-share launches Monday, offering users a one-hour submarine tour of the Great Barrier Reef, as well as free pickup and a return helicopter or pontoon trip, per CNN . The "once-in-a-lifetime... More »

Uber Driver Ordered to Pay $500K to Torture Victim

Yusuf Abdi Ali was commander in Somali military

(Newser) - Uber and Lyft say they have permanently removed accused war criminal Yusuf Abdi Ali from their apps. The Somali ex-colonel, who drove for the rideshare apps in northern Virginia, was ordered to pay torture victim Farhan Tani Warfaa $500,000 by a jury in the state Tuesday, the Washington Post... More »

New Uber Feature: 'Rude' or a Godsend?

Ride-hailing service launches 'Quiet Mode' to keep chatty drivers silent

(Newser) - Can't take it when you order an Uber and the driver shares his whole life story on the way to your destination? Starting Thursday, you can mute that TMI. BGR and TechCrunch report on "Quiet Mode," a new feature offered through the ride-hailing service's app that... More »

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