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Uber's stock was up 2.4% at $42.22 in afternoon trading, but the shares have dropped 6% from the price set in the May 9 IPO amid investor worries over whether the company is able to make money.
A retreat in the development of autonomous vehicles was the major news item decelerating the stock of rideshare incumbent Uber Technologies (NYSE: UBER) in December. As a result, the shares ...
December 3: Funding: Uber announces that it is raising $2.1 billion at a $62.5 billion valuation. [50] [51] December 3: Competition: Uber competitors Lyft (United States), Didi Kuaidi (China), Ola Cabs (India), and GrabTaxi (South-East Asia) (all of which have Softbank as an investor) announce a global technology and service alliance. [52 ...
After much hype leading up to the largest initial public offering in five years, Uber hit a few potholes on its first day of trading, closing down 8% and reflecting lingering doubts about its ...
One of the upsides of being in the capital markets business for 20 years is that I've seen, heard, and done it all … most of it twice. I saw the rise and fall of the dot-coms. I saw the ripple ...
On 5 December 2014, a passenger was assaulted in an Uber cab by its driver in New Delhi. Following this, Uber was temporarily withdrawn and then forced to manage operations through an Indian subsidiary. Uber also ran into disputes with the Reserve Bank of India, the Income Tax department and consumer courts. Following this, a 'kill switch' was ...
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