Uber Technologies Inc News

Waymo plans to roll out an app-based service this year offering rides to passengers in a fully self-driving Waymo car with no driver.

The company had previously reported third-quarter net loss of $1.46 billion on net revenue of $2 billion.

Newly appointed Uber Chief Executive Dara Khosrowshahi fired two of Uber`s top security officials when he announced the breach last month.

The SoftBank-led investor group will acquire two of the new board seats, with the remaining four going to independent directors.

Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider.

Uber said it fired its chief security officer, Joe Sullivan, and a deputy, Craig Clark, this week because of their role in the handling of the incident.

SoftBank and Dragoneer are leading a consortium that plans to invest $1 billion to $1.25 billion in Uber.

Uber investors are divided over whether Kalanick, who was pressured to step down as CEO earlier this year in the wake of several company scandals, should himself be on the board and whether he can name two other directors.

The ousted chief executive officer of Uber Technologies Inc called a lawsuit filed against him by one of the company`s top investors a "public and personal attack" without merit, according to court documents filed late on Thursday.

The company is currently seeking a new CEO, a search that has proved difficult.

Grab expects to raise an additional $500 million, bringing the total to $2.5 billion in this round, which it said would be the largest-ever single financing in Southeast Asia.

Ride-hailing service Uber Technologies Inc generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday.

New Delhi: Uber Technologies Inc. had their motorcycle taxi services called UberMoto suspended in the Indian city of Bengaluru following a ban and vehicle seizures by transport authorities on Wednesday.

The mayor of Rio de Janeiro said on Tuesday he would ban the use of ride-hailing app Uber in the city, but left the door open to possible regulation of the service in the future.

Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.