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Sunday, January 26, 2020
Uber’s no-good, terrible-rotten bad Q2 loses more than $5 billion

Uber’s no-good, terrible-rotten bad Q2 loses more than $5 billion

Enlarge / Headquarters of ride-sharing technology company Uber in the South of Market (SoMa) neighborhood of San Francisco on October 13, 2017. Uber lost more than $5 billion dollars in the second quarter of the year. This is the latest in a long series of bad quarters for the ride-hailing company, which also lost over…
Behind the 12- year-old Wii Sports scam that quickly tricked the Web

Behind the 12- year-old Wii Sports scam that quickly tricked the...

Before his resignation in late 2017, Uber's then-CEO Travis Kalanick faced more than his fair share of scandals. But by far the most (read: least) important of these was Kalanick's oft-repeated claim that, at one point, he "held the world’s second-highest score for the Nintendo Wii Tennis video game," as a New York Times profile…
Uber reports $1 billion loss in very first post-IPO quarterly outcomes

Uber reports $1 billion loss in very first post-IPO quarterly outcomes

Enlarge / Uber CEO Dara Khosrowshahi. Uber lost slightly more than $1 billion in the first three months of 2019, the company announced on Thursday. It's Uber's first quarterly earnings release since the company went public earlier this month. Uber's loss wasn't a surprise—indeed, it was right in line with expectations. Wall Street shrugged off the…
Uber suffers frustrating stock exchange launching

Uber suffers frustrating stock exchange launching

Enlarge / Uber CEO Dara Khosrowshahi. Michael Nagle/Bloomberg via Getty Images Uber's long-anticipated debut on public stock markets failed to live up to expectations on Friday, with the company's stock falling 7.6 percent during its first day of trading. As the closing bell rang, Uber's stock was worth $41.57, valuing the entire firm at $76…
Why arranging Uber and Lyft chauffeurs is a huge obstacle

Why arranging Uber and Lyft chauffeurs is a huge obstacle

Enlarge / Headquarters of ride-sharing technology company Uber in the South of Market (SoMa) neighborhood of San Francisco on October 13, 2017. Lyft and Uber drivers around the world are striking on Wednesday to protest low pay, arbitrary terminations, and other concerns. The protest comes just before Uber's debut as a publicly traded stock on…
Uber gets away criminal charges for 2018 self-driving death in Arizona

Uber gets away criminal charges for 2018 self-driving death in Arizona

Enlarge / The Uber vehicle after it struck Elaine Herzberg. A prosecutor in Arizona has decided not to press charges against Uber in the March 2018 death of Elaine Herzberg. One of Uber's self-driving cars crashed into Herzberg as she crossed a multi-lane road in Tempe, Arizona. "After a very thorough review of all evidence presented,…
Keep in mind the female who was eliminated by an Uber AV? Her household took legal action against Tempe

Keep in mind the female who was eliminated by an Uber...

Smith Collection/Gado/Getty Images According to the family of an Arizona woman who was killed by a self-driving Uber car last year, the City of Tempe is liable for her death and owes $5 million each to her husband and her daughter. News of the lawsuit was first reported by the Arizona Republic, which noted that…
Start-ups that depend on agreement labor will take advantage of brand-new NLRB judgment

Start-ups that depend on agreement labor will take advantage of brand-new...

Last week, the National Labor Relations Board issued a ruling that could be helpful to several tech companies that rely on contracted labor, like Uber, Lyft, and DoorDash, among others. On January 25, the NLRB ruled in a 3-1 decision that SuperShuttle operators in the Dallas-Fort Worth area are, in fact, properly classified as independent…
Why Uber wishes to construct scooters and bikes that can drive themselves

Why Uber wishes to construct scooters and bikes that can drive...

Robert Alexander/Getty Images Uber is looking to hire people to help it develop autonomous scooter and bike technology, according to Wired-editor-turned-robotics-entrepreneur Chris Anderson. The goal would be to allow bikes and scooters to "drive themselves to charging or better locations." People interested in joining the project can fill out this form. Uber acquired the bike-…
New York City votes to set minimum spend for Uber, Lyft motorists

New York City votes to set minimum spend for Uber, Lyft...

On Tuesday, New York City's Taxi and Limousine Commission voted to set a minimum pay rate for Uber, Lyft, and other on-demand ride-hailing drivers. The new rate will be set at $17.22 after expenses, or $26.51 per hour gross. New York is believed to be the first city in the nation to implement such a…

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