ride-hailing
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How an Ola investor slashed its valuation by almost half after virus outbreak
Ride-hailing firm Ola’s valuation was cut by almost half earlier this year by one of its investors after a nationwide ......
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Uber India cuts a quarter of jobs as lockdown hits business
Uber Technologies Inc will cut around 600 jobs in India as part of its plans to cut 23% of its ......
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Ola to cut one-third workforce as revenue slumps in lockdown
Cab aggregator Ola is letting go 1,400 employees as the coronavirus pandemic has hurt its core ride-hailing business, joining a ......
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Uber to require drivers, riders to wear masks around the world
Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as ......
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Uber posts $2.9 bn Q1 loss, sees rides recovering from coronavirus lows
Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay ......
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Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary ......
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Uber sees profit by end of 2020, but still expects full-year loss
Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the ......
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How policy flip-flops for internet businesses are clouding investor sentiment
New-age businesses typically thrive in two scenarios: One, where there is no established policy framework and they can operate as ......
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Uber co-founder Travis Kalanick sells nearly $550 mn of shares
Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of his stake in the ride-hailing ......
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Uber CEO expects India, other developing markets to drive growth
Uber pinned its growth over the next decade on developing markets like India on Tuesday, despite the problems it has ......
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