Uber tests monthly subscription that combines Eats, rides, bikes and scooters

Uber is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters. In this pilot phase, Uber is testing a few different iterations in San Francisco and Chicago but each version includes a fixed discount on every ride, free Uber Eats delivery and free JUMP (bikes and scooters) rides. The pass costs … Continue reading Uber tests monthly subscription that combines Eats, rides, bikes and scooters

Uber Air picks Melbourne as its first international launch city

When Uber first announced Uber Air, it intended for Dubai to be its first international city. That changed last year when Uber put out an open call to interested cities to describe the clear need for aerial transit, the environmental conditions of the city and local government commitment. Today at Uber Elevate, Uber announced Melbourne, … Continue reading Uber Air picks Melbourne as its first international launch city

Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business

Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross bookings growth of 230% for its other bets, while ridesharing grew just 22% compared to the same quarter last year. Gross bookings are the revenue earned minus things like taxes, tolls, fees, wages paid to … Continue reading Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business

Uber’s first day as a public company didn’t go so well

At long last, it’s lift-off for Uber. After pricing its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, the transportation startup began trading today on the New York Stock Exchange, and the shares opened at $42, down from the IPO price. Ahead … Continue reading Uber’s first day as a public company didn’t go so well

Uber and Lyft drivers are striking ahead of Uber’s IPO

With Uber expected to make its debut on the public market by Friday, May 10, on-demand ride-hailing drivers are planning to strike on Wednesday. The New York Taxi Workers Association is calling on U.S.-based drivers to stand in solidarity with drivers in London and log off from both Uber and Lyft on May 8 between … Continue reading Uber and Lyft drivers are striking ahead of Uber’s IPO

Uber’s self-driving car unit was burning $20 million a month

Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ridesharing company, which hopes to go public later this year, was spending $20 million a month on developing … Continue reading Uber’s self-driving car unit was burning $20 million a month