Posts Categorized: Uber

Why investors can’t wait to buy into Uber, a company that’s never made money — and maybe never will

Posted by & filed under Uber.

It’s one of the fastest growing technology companies in the world. Customers took more than five billion rides on the service last year, spending almost $50 billion US in the process. And each and every time someone ordered up one of the company’s services — the company lost about 58 cents. Source: CBC News Date: May 11th, 2019 Link: https://www.cbc.ca/news/business/uber-technology-ipo-1.5084575 Discussion… Read more »

Would you buy shares in Uber?

Posted by & filed under Uber.

For sale: shares in a company that has already burned through $27bn (£20.7bn; €24bn) in cash, will burn through tens of billions more of its new shareholders’ money, has never made a profit and won’t for many years – if ever. Sounds too bad to be true, but that is precisely what is on offer… Read more »

Uber aims for $90bn stock market debut

Posted by & filed under PayPal, Uber.

Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation. The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth of… Read more »

Uber to expand its self-driving car research in Toronto

Posted by & filed under Autonomous Vehicles, Careers, Uber.

Raquel Urtasun is the chief scientist for Uber’s Advanced Technologies Group, which is planning an expansion into Toronto. The San Francisco, Calif.-based company announced on Thursday that it is expanding its Advanced Technologies Group (ATG) in Toronto and opening a new engineering lab — its first in Canada. Uber says it plans to spend $200 million Cdn… Read more »

Uber’s Secret Tool for Keeping the Cops in the Dark

Posted by & filed under Ethical Issues, Uber.

At least two dozen times, the San Francisco headquarters locked down equipment in foreign offices to shield files from police raids. Source: BusinessWeek Date: January 16th, 2018 Link: https://www.bloomberg.com/news/articles/2018-01-11/uber-s-secret-tool-for-keeping-the-cops-in-the-dark?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social Discussion 1) Should it be okay for a U.S. company to be able to avoid local government inspections based on legally obtained search warrants? 2) In what other ways might a… Read more »

What Uber Learned from a Year of Self Driving

Posted by & filed under self driving cars, Self driving vehicles, Uber.

Ride hailing company Uber took to the streets of Pittsburgh in late 2016 with self-driving cars. Here’s what riders and the company learned from letting robots take the wheel. Source: Wired Magazine Date: January 3rd, 2018 Link: https://www.wired.com/video/what-uber-learned-from-a-year-of-self-driving Discussion 1) Why is a ride-hailing company so focused on self-driving vehicles? 2) Is Uber a tech company, a car… Read more »

Uber to share data to help ease city congestion

Posted by & filed under Analytics, Big Data, Electronic Surveillance, Ethical Issues, Uber.

Uber is launching a website outlining how its cars move around cities, in an effort to appease city authorities who have long called for more data sharing.  It will provide data on dozens of cities from next month.  Uber’s transportation data could help cities to improve traffic flow.  The controversial app-based taxi service had previously… Read more »