Uber

Tough new privacy legislation and employment laws which regulate gig economy workers have come into effect in California.  The two new state laws are relevant to the wider digital ecosystem because — as the largest economy in the US — California’s laws often become the de facto rules for companies

Uber is facing an uncertain future in London after the ride-sharing company’s licence was revoked overnight for a series of failures which risked passenger safety.  UK regulators determined Uber was not fit to hold a private hire operator licence due to “a pattern of failures” which included 14,000 trips conducted

Uber Technologies announced an agreement to acquire majority ownership of Cornershop, an online grocery provider in Chile, Mexico, and more recently in Peru and Toronto. The investment is expected to close in early 2020, subject to regulatory approval. Sign up for Which-50’s Irregular Insights newsletter “Whether it’s getting a ride,

business handshake deal

Steve Brennen, director of marketing APAC at Uber has moved to Zip Co to be the buy now, pay later provider’s new chief customer officer.  At Uber, Brennen headed up marketing across Australia, New Zealand, Japan, Korea, Taiwan and Hong Kong.  Brennen is also chair of the Australian Alliance for

A new Californian law passed overnight requiring gig economy companies to treat their workers as employees rather than contractors. The decision is expected to be felt around the US and could rewrite the rules of the gig economy when the law comes into force in 2020. Webinar: Can I Trust

Uber has chosen Melbourne as its first international pilot city for its Uber Air program with tests scheduled to start next year, followed by commercial flights from 2023. Uber already has test sites in Los Angeles and Dallas for its air transport program, which the company hopes will open up

Overnight, Uber delivered its first quarterly results since going public earlier this month. The ride hailing giant lost more than $US1 billion in the first three months of 2019 as revenue growth continued to slow. Sign up for Which-50’s Irregular Insights newsletter Nominate today for the Which-50 Digital Experience Awards.

Uber

Uber shares closed at $41.57 after their first day of trading, down almost 8 per cent from its listing price and valuing the company at US$69.7 billion. The company previously set a target of $44-$50 per share and on Thursday night priced its IPO at $45, towards the lower end

Overnight, ridesharing giant Uber made its S1 filing as part of its initial public offering, revealing the company made US$10 billion worth of operating losses since 2016. It also warned more operating losses are expected and it “may not achieve profitability”. The filing suggests Uber is pitching itself to investors

Ride sharing company Lyft has had it value soar on its first day on the Nasdaq with the company’s shares up 8.7 per cent at US$78.29 with a valuation of US$26.5 billion. Lyft debuted on the Nasdaq with a price of US$72 last Thursday. On Friday, its shares opened at