Finance News – Uber
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Why you might be paying Uber more money for slower pick-ups, according to a new study
Recent research highlights how adjustments in Uber’s dispatch system may be contributing to increased costs for riders, despite longer wait times for vehicle arrivals.
Read Full Article →Uber's dynamic pricing means higher fares and lower earnings for drivers, study finds
A recent University of Oxford study reveals that Uber's flexible fare system has led to increased passenger costs while simultaneously reducing the overall income earned by its dri...
Read Full Article →Pony AI Stock Jumps as Uber Partner Added to China-Tracking Nasdaq Index
The inclusion of the company associated with Uber in a prominent Nasdaq index focused on China has contributed to a notable increase in its market valuation.
Read Full Article →Second study finds Uber used opaque algorithm to dramatically boost profits
Researchers have revealed that Uber employed a non-transparent pricing system which significantly increased its earnings by adjusting fares and driver payments in a manner that lac...
Read Full Article →Top Stock Movers Now: Carnival, Uber, Mastercard, and More
Shares of companies including Carnival, Uber, and Mastercard experienced notable changes in market value today, reflecting investor reactions to recent developments and broader eco...
Read Full Article →Uber Stock Surges as Robotaxi Service With Waymo Launches in Atlanta
The introduction of an autonomous taxi service in Atlanta has positively influenced Uber's market value, reflecting investor optimism about the company's expansion into self-drivin...
Read Full Article →Rough ride: how Uber quietly took more of your fare with its algorithm change
Since implementing dynamic pricing, Uber’s increased commission rate has significantly reduced drivers’ income by taking a larger portion of fares through algorithm adjustments.
Read Full Article →UK Uber drivers’ earnings cut after secretive algorithm changes
A recent study indicates that changes in Uber's pricing system have led to reduced hourly incomes for drivers in the UK, despite an overall increase in trip costs for passengers.
Read Full Article →Self-driving cars are coming to London as Uber announces pilot program
Uber’s introduction of autonomous vehicles in London represents a strategic investment likely to impact transportation costs and competitive dynamics in one of its key internationa...
Read Full Article →Uber is teaming up with a Microsoft-backed startup to launch robotaxis on the chaotic roads of Londo...
The collaboration between a major ride-sharing company and an AI-focused enterprise supported by a technology giant could potentially transform urban transportation and create new...
Read Full Article →Uber signals interest in stablecoins to streamline global payments
Uber's consideration of stablecoins aims to enhance the efficiency of international financial transfers by lowering expenses and simplifying the process of moving funds across diff...
Read Full Article →Uber in ‘study phase’ of using stablecoins to lower costs, says CEO
Uber is exploring the potential use of stablecoins as a method to reduce international transaction expenses and improve financial efficiency in its global operations.
Read Full Article →Uber Once Again Says It's Considering Crypto Years After Mulling BTC Payments
Uber's renewed interest in incorporating digital currencies for transactions highlights the company's ongoing evaluation of alternative payment methods to potentially enhance its f...
Read Full Article →Uber Is Once Again Considering Crypto Payments, Years After Mulling BTC as Payment Method
Uber’s renewed interest in accepting cryptocurrency as a form of payment could impact its transaction processes and potentially attract a new segment of customers preferring digita...
Read Full Article →Uber is evaluating stablecoins’ potential for payments, CEO Khosrowshahi says
Uber is exploring the use of digital assets pegged to stable values as a possible method for processing transactions, which could impact the company’s payment systems and financial...
Read Full Article →Uber eyes stablecoins for faster settlements, lower FX costs for global operations
Uber is considering using blockchain-based digital currencies to enhance transaction speed and reduce foreign exchange expenses within its worldwide financial processes.
Read Full Article →Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nikesh Arora’s addition to Uber’s board brings extensive leadership experience from major technology and investment firms, potentially influencing the company’s strategic financial...
Read Full Article →Uber reintroduces chief operating officer role as CEO loosens grip
The appointment of Andrew Macdonald as COO and president signals a strategic shift that could impact Uber's operational efficiency and financial performance moving forward.
Read Full Article →London Uber Driver steals $123k in crypto after drugging American Tourist
An individual posing as a ride service operator illicitly obtained $123,000 worth of digital currency from a visitor during a brief stay in London, highlighting risks associated wi...
Read Full Article →US Tourist Says Bitcoin, XRP Worth $123K Stolen After Ride With Fake Uber in London
An American traveler was reportedly drugged and kidnapped in London, resulting in the loss of over $123,000 in cryptocurrency assets, highlighting risks associated with digital cur...
Read Full Article →Uber Stock Sets Fresh All-Time High as JPMorgan Increases Price Target
Investor confidence in Uber has grown following JPMorgan's upgraded price forecast, leading to a notable increase in the company's market valuation.
Read Full Article →Uber Partner Pony AI Stock Surges as Q1 Revenue Rises
The increase in first-quarter revenue contributed to a notable rise in the share price of Pony AI, a key collaborator with Uber.
Read Full Article →Uber ready to go driverless in the UK
If approved by authorities, the introduction of autonomous vehicles could potentially reduce operational costs and reshape transportation expenses within the UK ride-hailing market...
Read Full Article →Uber wins multimillion-pound reprieve on disputed UK tax payments
The recent legal outcome has relieved the ridesharing company from a substantial VAT liability, potentially affecting its financial obligations and cash flow in the UK market.
Read Full Article →Bolt: Uber rival appoints first UK boss
The appointment of a dedicated senior manager for the UK market indicates the company’s strategic focus on expanding its operations and increasing revenue in one of its key interna...
Read Full Article →Uber misses revenue expectations with trips up 18% over last year
Despite a notable increase in trip volume compared to the previous year, Uber’s revenue fell short of forecasts, while the CEO emphasized autonomous vehicle technology as a key fut...
Read Full Article →Uber CEO says changing employee benefits 'is a risk we decided to take'
Uber's decision to modify employee benefits and increase in-office work reflects a strategic choice that may impact company expenses and workforce satisfaction moving forward.
Read Full Article →Uber inks robotaxi deal with Momenta to launch service in Europe next year
Uber has partnered with Momenta to develop and launch a robotaxi service in Europe, reflecting its strategy to expand into international markets through advancements in autonomous...
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