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After Uber, Tiger Global Sells 2.34 Percent Stake in Zomato Over Rs. 18.45 Crore
Zomato recently announced that the investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 percent. The firm sold over 18.45 crore shares aggregating to 2.34 percent stake in the company. The news comes a day after Uber was reported to sold its 7.8 percent stake in Indian food delivery firm for $392 million (roughly...
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Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
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Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
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Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
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Uber Reports $5.9 Billion Net Loss in Q1 2022 Despite Double Growth in Ride-Share Business
Uber logged a net loss of $5.9 billion, the company said in its earnings report. The loss was due almost entirely to revaluation of its stakes in Grab and Didi in Asia and autonomous driving technology enterprise Aurora in the United States.
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Uber Looking To Sell Didi, China Market Has Little Transparency, CEO Says
Uber had roughly $13.1 billion tied up in investments in other companies as of the end of the third quarter, including $4.1 billion in Didi.
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Arrival Building Battery Plant In North America
Arrival has a major partnership with Uber to make an EV that's purpose-built for ride-sharing services.
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Uber Sells Its Controversial Self Driving Unit To Aurora For $4 BillionÂ
Aurora is a self-driving start-up which was founded by Chris Urmson who was the lead of Google's self-driving car project which turned into Waymo.
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Uber Promises 100% Electric Vehicles By 2040, Commits $800 Million To Help Drivers Switch
Uber Technologies Inc on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.
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Tesla 'Very Close' to Level 5 Autonomous Driving Technology, Musk Says
Tesla is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
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Amazon May Buy Robo-Taxi Startup Zoox: Report
Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.
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Uber Investment Deepens Ties With Scooter Startup Lime
The two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
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Uber's Middle East Business Careem Cuts 31 Percent of Workforce
Careem did not say how much it expected to save from the layoffs or which business units staff had been cut from. However, it said tech-colleagues were protected in relative terms so it could continue to invest in its products.
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Ahead Of Uber Exit, Colombian President Calls For Tech Level Playing Field
Entrepreneurs have said Colombia's regulations are out-dated and may threaten its status as the region's second-most popular destination for entrepreneurial investment after much larger Brazil.
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Zomato in Advanced Talks to Buy Uber Eats’ India Business: Report
The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell Uber Eat's India business to rival Zomato by the end of this year.
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After Uber, Tiger Global Sells 2.34 Percent Stake in Zomato Over Rs. 18.45 Crore
Zomato recently announced that the investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 percent. The firm sold over 18.45 crore shares aggregating to 2.34 percent stake in the company. The news comes a day after Uber was reported to sold its 7.8 percent stake in Indian food delivery firm for $392 million (roughly...
-
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
-
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
-
Uber Said to Cut Marketing Costs, Slow Down Hiring: Report
Uber will reportedly scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from chief executive officer Dara Khosrowshahi.
-
Uber Reports $5.9 Billion Net Loss in Q1 2022 Despite Double Growth in Ride-Share Business
Uber logged a net loss of $5.9 billion, the company said in its earnings report. The loss was due almost entirely to revaluation of its stakes in Grab and Didi in Asia and autonomous driving technology enterprise Aurora in the United States.
-
Uber Looking To Sell Didi, China Market Has Little Transparency, CEO Says
Uber had roughly $13.1 billion tied up in investments in other companies as of the end of the third quarter, including $4.1 billion in Didi.
-
Arrival Building Battery Plant In North America
Arrival has a major partnership with Uber to make an EV that's purpose-built for ride-sharing services.
-
Uber Sells Its Controversial Self Driving Unit To Aurora For $4 BillionÂ
Aurora is a self-driving start-up which was founded by Chris Urmson who was the lead of Google's self-driving car project which turned into Waymo.
-
Uber Promises 100% Electric Vehicles By 2040, Commits $800 Million To Help Drivers Switch
Uber Technologies Inc on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.
-
Tesla 'Very Close' to Level 5 Autonomous Driving Technology, Musk Says
Tesla is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
-
Amazon May Buy Robo-Taxi Startup Zoox: Report
Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the Wall Street Journal reported on Tuesday.
-
Uber Investment Deepens Ties With Scooter Startup Lime
The two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
-
Uber's Middle East Business Careem Cuts 31 Percent of Workforce
Careem did not say how much it expected to save from the layoffs or which business units staff had been cut from. However, it said tech-colleagues were protected in relative terms so it could continue to invest in its products.
-
Ahead Of Uber Exit, Colombian President Calls For Tech Level Playing Field
Entrepreneurs have said Colombia's regulations are out-dated and may threaten its status as the region's second-most popular destination for entrepreneurial investment after much larger Brazil.
-
Zomato in Advanced Talks to Buy Uber Eats’ India Business: Report
The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell Uber Eat's India business to rival Zomato by the end of this year.
