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Uber Not Likely to Be Profitable for a “Few Years”

Uber Not Likely to Be Profitable for a “Few Years”

Uber investors hoping to strike gold with the company’s profits in the future are going to be disappointed, according to one senior executive at the company. Profitability for the ride-hailing giant is “a few years away,” said Uber’s chief technology officer...
Uber, Lyft Drivers Have Poor Recall Repair Record

Uber, Lyft Drivers Have Poor Recall Repair Record

Less than a week ago, the world discovered that Uber, Lyft and other ride-hailing service vehicles are the dirtiest ways to get someone to drive you somewhere. Now it may also be that they are the least safe, according to a new study. Consumer Reports claims that one...
Uber Stock Keeps Falling After Stumbling Out of Gate

Uber Stock Keeps Falling After Stumbling Out of Gate

Ride-hailing leader Uber saw its shares, which hit the market last week, continue to fall today into the $37 range after stumbling out of the gate. Uber priced its initial public offering at the bottom end of the range at $45 per share after watching rival Lyft’s...
Waymo Kicks Off Autonomous Taxi and Ride Sharing Service

Waymo Kicks Off Autonomous Taxi and Ride Sharing Service

Self-driving ride-sharing service is here. Well, it’s in Arizona, technically, but the day that Uber, Lyft and others have waiting for has arrived with the debut of Waymo One, Waymo’s autonomous taxi and ride-sharing service. The service operates in a 100-square-mile...