Latest Uber Technologies Inc News

Zillow, Stamps.com rise; Uber, Illumina fall

Aug. 7, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Zillow Group Inc., up $8.34 to $79.76. The online real estate marketplace reported results that were far ahead of analysts' forecasts as more people looked for homes online during the pandemic. Uber Technologies Inc., down $1.81...

FILE - This Aug. 9, 2019 file photo, the logo for Uber appears above a trading post on the floor of the New York Stock Exchange. Uber lost $1.78 billion in the second quarter of 2020 as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus. Its food delivery business grew as more people ordered in, but that growing part of its business didn’t turn a profit. (AP Photo/Richard Drew, File)

Uber lost $1.8B in 2Q as riders stayed home and ordered in

Aug. 6, 2020 6:52 PM EDT

NEW YORK (AP) — Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus. It's pinning its hopes in part on its booming food-delivery business, but that bustling corner of...

FILE - In this Sept. 24, 2019, file photo, former Google engineer Anthony Levandowski speaks to the media, as his attorney Miles Ehrlich stands behind him outside of a federal courthouse in San Francisco. Levandowski, a former Google engineer who helped steer the company’s self-driving car project, was sentenced Tuesday, Aug. 4, 2020, to 18 months in prison and ordered to pay more than $850,000 after pleading guilty to stealing trade secrets before joining Uber’s effort to build robotic vehicles for its ride-hailing service. (AP Photo/Michael Liedtke, File)

Ex-Google exec sent to prison for stealing robocar secrets

Aug. 4, 2020 10:20 PM EDT

SAN RAMON, Calif. (AP) — A former Google engineer has been sentenced to 18 months in prison after pleading guilty to stealing trade secrets before joining Uber's effort to build robotic vehicles for its ride-hailing service. The sentence handed down Tuesday by U.S. District Judge William Alsup came more...

This Week: Walt Disney, CVS, Uber results

Aug. 3, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: Losing its magic? Disney is expected to have slumped to a loss in its fiscal third quarter. Analysts forecast the Magic Kingdom operator and owner of the ABC and ESPN networks lost 61 cents a share in the April to June period,...

FILE - In this April 4, 2014 file photo, a sign with the old GrubHub logo is displayed is displayed on the door to a New York restaurant. Grubhub saw its average daily orders jump 32% in the second quarter, Thursday, July 30, 2020, but swung to a loss as it spent heavily to prop up restaurants and protect drivers.(AP Photo/Mark Lennihan, File)

Grubhub sees orders jump but swings to 2Q loss

Jul. 30, 2020 9:49 AM EDT

Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers. The Chicago-based restaurant delivery company lost $45 million in the April-June period, down from a profit of...

Lyft driver Joni Bicknese checks her phone app between riders Thursday, July 23, 2020, in Nashville, Tenn. Business became dismal after what she calls Nashville's quadruple-whammy: a tornado, coronavirus closures, protests that rocked downtown, then more closures.Bicknese chose to keep driving because she didn't think she could make her car and insurance payments on unemployment. (AP Photo/Mark Humphrey)

Tornado, virus, protests rattle Nashville rideshare economy

Jul. 29, 2020 1:11 AM EDT

NASHVILLE, Tenn. (AP) — After driving for Lyft for six years, Joni Bicknese decided to invest in a minivan at the beginning of 2020, reasoning that she could make more money if she could transport more riders. Then came what she calls Nashville’s quadruple-whammy: a tornado, coronavirus closures,...

A man passes a parked Revel scooter on New York's Upper West Side, Tuesday, July 28, 2020. The moped sharing startup Revel suspended its New York City service Tuesday, July 28, 2020 after its second customer death in 10 days. The company's blue scooters, which require no training to rent, had been seen as an alternative to taxis and subways during the coronavirus pandemic. (AP Photo/Richard Drew

Revel suspends NYC scooter service after 2nd fatal crash

Jul. 28, 2020 12:59 PM EDT

NEW YORK (AP) — Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel tweeted that service “will be shut down until further notice” as it reviews safety and rider accountability measures. The...

Audrey Reed, 8, holds up a sing through the sunroof of a car during a rally in Los Angeles, Monday, July 20, 2020. Thousands across the country walked off the job to protest systemic racism and economic inequality that has worsened during the coronavirus pandemic. (AP Photo/Jae C. Hong)

Workers protest racial inequality on day of national strike

Jul. 20, 2020 9:28 PM EDT

NEW YORK (AP) — Workers from the service industry, fast-food chains and the gig economy rallied with organized labor Monday to protest systemic racism and economic inequality, staging demonstrations across the U.S. and around the world seeking better treatment of Black Americans in the workplace....

Kayleigh Bergh, of Haverhill, Mass., poses at city hall, Thursday, July 16, 2020, across the street from the polling station where she will be working on Election Day, in Haverhill. State and local election officials across the country are trying to recruit younger workers to staff polling places on Election Day in November. The effort is driven by concern that many traditional poll workers will be too worried about catching the coronavirus to show up. (AP Photo/Charles Krupa)

As pandemic surges, election officials seek poll workers

Jul. 19, 2020 10:53 AM EDT

CHARLESTON, W.Va. (AP) — Wanted: Poll workers willing to brave a global pandemic in November. Governments across the country are scrambling to find people to staff polling places for the presidential election this fall as the coronavirus sows doubt about how safe it will be to cast a ballot in person and...

FILE - In this Wednesday Nov. 6, 2013, file photo, the Twitter logo appears on an updated phone post on the floor of the New York Stock Exchange. Hackers broke into the Twitter accounts of world leaders, celebrities and tech moguls in one of the most high-profile security breaches in recent years on Wednesday, July 15, 2020, highlighting a major flaw with the service millions of people have come to rely on as an essential communications tool. (AP Photo/Richard Drew, File)

Q&A: What's behind the Twitter Bitcoin hack?

Jul. 16, 2020 5:25 PM EDT

OAKLAND, Calif. (AP) — Hackers broke into the Twitter accounts of world leaders, celebrities and tech moguls on Wednesday in one of the most high-profile security breaches in recent years, highlighting a major flaw with the service millions of people have come to rely on as an essential communications...

LOADING MORE STORIES