Latest Dara Khosrowshahi News

Uber, Lyft suggest changes but want drivers as contractors

Jun. 12, 2019 9:03 PM EDT

SACRAMENTO, Calif. (AP) — Ride-hailing companies Uber and Lyft say they are willing to change the way they treat drivers in California as long as state lawmakers don't require them to classify drivers as employees, a move that would entitle them to a wide range of benefits. The California-based tech firms...

Senior executives leave Uber after internal shakeup

Jun. 7, 2019 6:07 PM EDT

NEW YORK (AP) — Uber is parting ways with two of its top executives less than a month after the company's rocky stock market debut. CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed. He...

Uber's Q1 losses reach $1B despite revenue growth

May. 30, 2019 6:20 PM EDT

NEW YORK (AP) — Uber is continuing to bleed money even as it posts dramatic revenue growth. In its first financial report since its lackluster debut on Wall Street, Uber said Thursday that its revenue rose to $3.1 billion in the first quarter of 2019, up 20% from the same time last year, beating...