Page 3 - Uber Technologies

Former Uber team launches 'virtual kitchen' to take on Travis Kalanick's

A new startup called Virtual Kitchen plans to announce a $15 million investment and an expansion

'Judgement on WeWork was poor in many ways': Softbank CEO after Q2 loss

(Reuters) - SoftBank Group Corp <9984.T> fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc .

Son's failed tech bets behind Softbank Group's $6.5 billion quarterly loss

TOKYO (Reuters) - SoftBank Group Corp <9984.T> plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies .

Son's tech bets to cost Softbank first quarterly loss in 14 years?

TOKYO (Reuters) - SoftBank Group Corp <9984.T> and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.

Uber's CEO Khosrowshahi vows to tackle Q2 losses, with help from India

Uber is one of the most prominent companies in the portfolio of SoftBank Group

Uber offers $750-mn junk bonds to help finance acquisition of Careem

It's only the second bond sale in Uber's 10-year history

Uber braces for fight as California wants it to treat drivers as employees

Lawmakers in California want to reclassify workers treated as independent contractors, which may dramatically boost costs for Uber and other companies built around the gig economy

Uber Technologies at record low as 'frustrations' persist over outlook

The stock dropped as much as 6.5 per cent to $34.10, the lowest price since its May debut, as major averages slumped 2 per cent

Uber freezes hiring of tech staff in US, Canada to counter mounting losses

Last week, Uber said it was cutting 400 marketing employees around the world

Uber loses $1bn in first quarter due to high spending on food, drivers

Revenue of $3.1 billion matched the high end of the range Uber forecast for the quarter and the loss of $1.0 billion compared with the company's forecast of $1.0 billion to $1.11 billion

With IPO, Uber to experience the changing whims of Wall Street

Investors could push Uber to sideline innovation for profit

Uber's early investors are poised to reap $1.3 billion in IPO sale

The selling shareholders will still control about $36 billion worth of the San Francisco-based firm's stock after the offering

SoftBank, Toyota invest $1 bn in Uber for its pricey self-driving ambitions

Uber Technologies Inc said that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion

A rough road

The risk factors in Uber's IPO prospectus are alarming

Uber Technologies readies its pitch as the Amazon of transportation

Investors to be urged to look beyond ride-hailing to platform

Uber buys Mideast rival Careem for $3.1 billion in biggest deal

The deal comes as San Francisco-based Uber is preparing to file in April for an initial public offering, people familiar with the matter have said

Here's the Uber investor letter that forced Travis Kalanick to step down

Below is a full reproduction of the letter, which references corporate scandals and concerns about the lack of a qualified chief financial officer

Uber Technologies sells $2 billion of bonds as private placement

The private placement is the second time this year Uber has sold its own debt directly. In March, it put together a $1.5 billion loan, a deal investors also devoured voraciously

Uber, Kalanick defeat lawsuit by investors who blamed scandals for losses

The lawsuit "does not specifically tie any particular misrepresentation by defendants to a decline in Uber's stock price," Gilliam wrote in his ruling

Flying taxi service to be commercialised in 10 years: Uber Technologies

SoftBank Group and China's Didi Chuxing also plan to launch a venture in Japan this year