A day after unloading its self-driving vehicle unit, Uber Technologies Inc. on Tuesday parted ways with its “flying taxi” business. Silicon Valley startup Joby Aviation said it will acquire Uber Elevate, and that Uber has agreed to invest $ 75 million as part of the deal. Joby said Uber UBER, …
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Uber is scheduled to report third-quarter earnings Thursday. AFP via Getty Images When Uber Technologies Inc. reports financial results two days after Election Day, it may not know the fate of its business in its home state, but its bottom line will be affected either way. Uber UBER, +4.19%, ride-hailing …
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Postmates, which is being bought by Uber, has not turned a profit since its inception. Justin Sullivan/Getty Images On March 17, the day the San Francisco Bay Area became the first major metropolitan area to enact a shelter-in-place policy due to the COVID-19 pandemic, Postmates Inc. engaged a bank to …
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In the race to gain a competitive edge in the burgeoning food-delivery business, the major players are carving up the U.S. map. Uber Technology Inc.’s UBER, +5.99% intention to acquire privately held Postmates Inc. for $ 2.65 billion after its failed bid for Grubhub Inc. GRUB, +4.42% is a case …
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As U.S. cities begin to reopen, Uber is seeing an open road. CEO Dara Khosrowshahi told the “Today” show’s Savannah Guthrie on Friday morning that “we certainly do” think the worst of the pandemic is now in the company’s rear view mirror. The nationwide quarantine orders that have temporarily closed …
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Dear Readers, That’s usually the other way around. Normally, readers ask me a question. But this is a time we can figure out what we can do for each other. While more people are working remotely and avoiding public transportation due to the coronavirus, not everyone has the luxury of …
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Uber Technologies Inc. is ready to join the ranks of Facebook Inc., Amazon.com Inc., Netflix Inc., and Alphabet Inc.’s Google, one analyst said after the company’s latest earnings report. RBC Capital Markets analyst Mark Mahaney reiterated his view that FANGU was perhaps a better acronym for big internet companies than …
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