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Uber has struggled to match the high growth from the post-Covid pandemic quarters

Uber's first quarter revenue miss clouds upbeat forecasts

Uber Technologies missed its quarterly revenue estimates as growth in its lift-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.

Business • 07 May

Lyft's acquisition of FreeNow will nearly double its potential market and open doors to major European cities such as London, Frankfurt, Paris, Dublin and Milan

Lyft to enter European market with €175m FreeNow deal

Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for €175m to expand into the European lift-hailing market, the US company said today.

Business • 16 Apr

Uber has been trying to convince investors that it has more room for growth by attracting more businesses and teens to its platform, as well as expanding to less saturated markets

Uber's Q4 profit misses estimates as costs surge

Uber Technologies has today reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar.

Business • 05 Feb

The Dutch data protection watchdog said Uber had transferred personal data to the US and failed to appropriately safeguard the data

Uber fined in Netherlands for sending drivers' data to US

Lift-hailing platform Uber has been fined €290m in the Netherlands for sending the personal data of European taxi drivers to the US in violation of EU rules, Dutch data protection watchdog DPA has said.

Business • 26 Aug 24

Uber's revenue rose 16% to $10.70 billion in the second quarter ending June

Uber second-quarter revenue beats on lift-sharing demand

Uber has today beaten Wall Street estimates for second-quarter revenue and core profit, helped by steady demand for its lift-sharing and food-delivery services, sending the company's shares up 5% before the bell.

Business • 06 Aug 24

Uber has announced a $1.25 billion deal to take over Delivery Hero's foodpanda business in Taiwan

Delivery Hero's deal with Uber for foodpanda Taiwan sale

Uber has today announced a $1.25 billion deal to take over Delivery Hero's foodpanda business in Taiwan and buy new shares in the German firm in a deal that would boost liquidity of the delivery specialist grappling with rising competition in Asia.

Business • 14 May 24

Uber has a presence in about 70 countries and a wide range of services, including logistics services

Uber forecasts gross bookings for Q2 below expectations

Uber has forecast second-quarter gross bookings below expectations after missing the target for the first three month, sending it shares down nearly 10% before the bell.

Business • 08 May 24

Bruce Springsteen used dynamic pricing at some of his US tours last year - which saw some tickets hit $5,000

Price on Demand: The growth of 'dynamic pricing'

We're familiar with it when booking flights, but now 'dynamic pricing' is creeping into more parts of our lives, writes Adam Maguire.

Business • 15 Nov 23

The draft rules would set out a range of criteria to judge whether a worker is an employee of a company

EU countries tweak draft rules on gig economy workers

EU countries on have tweaked draft rules aimed at giving workers at online companies such as Uber and Deliveroo employee benefits, ahead of negotiations with EU lawmakers who want more comprehensive rules than both EU governments and the European Commission.

Business • 12 Jun 23

Uber confident on profit as ride-sharing rebounds

Uber Technologies forecast quarterly core earnings above estimates today, after a surge in demand for travel and food delivery helped the US ride-sharing giant report better-than-expected results for the January-March period.

Business • 02 May 23

Lyft shares were set for their worst day on record today

Lyft shares sink after grim forecast

Lyft shares fell 35% today after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to rival Uber in the North American ride-sharing market.

Business • 10 Feb 23

Uber's shares rose nearly 4% at midday after the rideshare giant reported a surprise fourth-quarter profit

Uber focuses on 2023 profits as pandemic pain eases

Uber Technologies has said it will focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows.

Business • 08 Feb 23

Uber shares have more than halved in value over the past year.

Uber slips on report it breached laws

Shares of Uber fell 2.3% in premarket trading, after a Guardian report on Sunday said the ride-hailing giant had breached the law and taxi regulations and secretly lobbied governments in its global expansion.

Business • 11 Jul 22

Bolt is a rival of Uber's lift-sharing and food delivery business

Bolt raises €628m at valuation of over €7.4 billion

Estonian startup Bolt said today it had raised €628m from investors led by Sequoia Capital and Fidelity Management and Research, taking its valuation to €7.4 billion.

Business • 11 Jan 22

The EU executive said the draft rules could apply to up to 5.5 million workers

EU draft plan gives rights to Uber, Deliveroo drivers

The European Commission announced draft rules today to give many workers such as couriers for online platform companies including Uber and Deliveroo employee benefits, a move which labour unions say is overdue but some companies argue will lead to job losses.

Business • 09 Dec 21

Deliveroo says the new draft rules could result in job losses

Uber, Deliveroo could be hit by EU rules for workers

Uber, Deliveroo and other online platform companies may have to reclassify some of their workers as employees under draft European Union rules meant to boost their social rights, according to an EU document seen by Reuters.

Business • 08 Dec 21

Uber has had its sights set on the burgeoning cannabis market for some time now

Uber enters cannabis market with orders in Canada

Uber Technologies said it will allow users in Ontario in Canada, to place orders for cannabis on its Uber Eats app, marking the lift-hailing giant's foray into the booming business.

Business • 22 Nov 21

Uber executives have allayed investor concerns about a shortage of drivers

Uber's first operating profit as driver shortage eases

Uber Technologies has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, lift-hailing and restaurant delivery, both turning the corner.

Business • 05 Nov 21

Uber said it would appeal against the decision

Uber drivers are employees, says Dutch court

Uber drivers are employees, not contractors, and so entitled to greater workers' rights under local labour laws, a Dutch court ruled today, handing a setback to the US company's European business model.

Business • 13 Sep 21

The partnership will see CarTrawler run the Uber Rent app, which is being rolled out across the US

CarTrawler partners with Uber for car rentals

CarTrawler, an Irish provider of car rental technology has announced a partnership with Uber.

Business • 29 Apr 21

Uber had tried to claim the drivers were self-employed, but said it would respect the ruling

UK Supreme Court rules against Uber over driver rights

Britain's top court has ruled that ride-hailing giant Uber's drivers are entitled to workers' rights, in a judgement with huge implications for the "gig economy".

Business • 19 Feb 21

Transport for London refused to grant the Silicon Valley-based company a new licence in 2019 due to what it called a 'pattern of failures'

Uber granted 18-month London licence after legal battle

Uber has won a legal bid to restore its London operating licence which was taken away over safety concerns, after a judge ruled today that the company was a fit and proper operator despite "historical failings".

Business • 28 Sep 20

Uber employs 500 customer service staff at its Limerick city offices

Uber to initiate Limerick redundancies next month

Uber employees in Limerick have been informed that redundancies at the company's European Headquarters in the city will be initiated on or after 12 June.

Munster • 19 May 20

Uber plans to focus on its ride-sharing and food delivery businesses

Uber to cut 3,000 jobs as part of coronavirus response

Uber has announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic.

Business • 18 May 20

Fears for workers at Limerick city's Uber office

There are fears that plans by the global car booking and ride sharing service Uber to seek 3,700 redundancies across its services will affect staff at its European headquarters in Limerick city.

Munster • 07 May 20