Tag: Uber Technologies Inc

Older People Need Rides. Why Aren’t They Using Uber and Lyft?

Martin Gerstell treasures his Thursday morning volunteer stint at the National Gallery of Art, where he fields questions at the main information desk. He patiently responds when visitors ask about the current exhibits, whether the paintings are real, where the bathrooms are. Usually, fellow volunteers give him a ride from his assisted living residence in […]

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WeWork Takes Key Step Toward I.P.O., Citing Heady Growth and Huge Losses

WeWork, a real estate firm that leases shared office space, on Wednesday officially set in motion the process of becoming a publicly traded company by filing a financial prospectus with regulators. The offering by the company, which is led by a brash Israeli entrepreneur and backed by money from Saudi Arabia, will be a major […]

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Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate

SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether […]

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Uber Wants to Sell You Train Tickets. And Be Your Bus Service, Too.

DENVER — When Julia Ellis arrives at a train station in a Denver suburb to go to work, she opens her Uber app. Next to the ride-hailing options, she taps a train icon marked “Transit.” The click buys her a ticket for Denver’s public transit system, the Regional Transportation District. Ms. Ellis said she had […]

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That Noise? It’s the 1%, Helicoptering Over Your Traffic Jam

[What you need to know to start the day: Get New York Today in your inbox.] Aakash Anand, who was on his way to Kennedy International Airport, looked out the window at the Belt Parkway in Brooklyn. “I’m not sitting in that bumper-to-bumper traffic,” he said happily. He was right. He was 3,000 feet above […]

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Uber Lays Off 400 as Profitability Doubts Linger After I.P.O.

SAN FRANCISCO — Uber said it laid off around 400 people from its marketing team on Monday, as the ride-hailing company tries to cut costs and streamline its operations after its initial public offering in May. The cuts, which were also announced internally on Monday, are taking place in 75 Uber offices around the world, […]

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What Our Reporter Learned Delivering Burritos to New Yorkers

Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together. At 12:22 p.m. on a chilly Friday in April, I did something I had never done for a story. I delivered a burrito. A Chipotle chicken, black bean and brown rice burrito with tomatillo red […]

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How Drivers Can Beat Uber at Its Own Game

Uber and other ride-sharing companies are locked in all-out battle with their drivers over what might seem like a fairly straightforward question: Are they employees of the companies or not? The drivers notched a victory last week when the California Legislature took another step toward codifying a state court decision that expanded the definition of […]

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Debate Over Uber and Lyft Drivers’ Rights in California Has Split Labor

California’s labor movement recently seemed on the verge of a new era for worker rights. A state court ruled that workers in the gig economy should have many of the protections of employment, like a minimum wage and overtime pay. And the State Assembly passed a bill codifying that ruling and adding more protections. But […]

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Two Top Uber Executives Are Out as C.E.O. Consolidates Power

SAN FRANCISCO — A month after Uber’s rocky initial public offering, its chief executive, Dara Khosrowshahi, is taking tighter control over the company. Mr. Khosrowshahi laid off two members of his executive team: Barney Harford, the company’s chief operating officer, and Rebecca Messina, the chief marketing officer, the company told employees on Friday. Since Mr. […]

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How Uber Hopes to Profit From Public Transit

The ride-hailing corporation Uber reported its first-quarter earnings on Thursday, and billions in losses continue to mount. After the company’s disappointing I.P.O., and the similarly lukewarm debut of its nearest rival, Lyft, it’s increasingly clear both will have to expand their business models to something that might actually turn a profit. One of their strategies […]

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Uber’s First Earnings Report After I.P.O. Shows Slowing Growth and $1 Billion Loss

SAN FRANCISCO — Uber’s start as a publicly traded company has gone from bumpy to bumpier. In its first earnings report since listing its shares on the stock market earlier this month, the ride-hailing giant on Thursday reported slowing growth and steep losses for the first three months of 2019. Uber posted a loss of […]

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Ex-Lyft and Uber Driver in Virginia Was Responsible for Torture in Somalia in ’80s, Jury Finds

In the summer of 2017, dozens of Lyft passengers in Northern Virginia were sent a driver named Yusuf Abdi Ali. He had a high rating on the ride-hailing app, and had made at least 76 trips as a Lyft driver until last September, the company said. But Mr. Ali, who also drove for Uber, had […]

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