Category archives: Uber

Turning to the leveraged loan market, which was previously exclusive to more established companies, allows Uber to take advantage of historically low interest rates while keeping venture capital backers happy by not further diluting their equity.

According to proposals for Columbus, Ohio, public transportation subsidies would instead be handed to ride-sharing services.

Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.

Upfront fares are currently rolling out to an number of U.S. cities, though Uber didn’t detail a timeline for how long it would take all riders to benefit from the new tweak.

About a half dozen ride-hailing firms have rushed into Texas tech hub Austin after market leaders Uber and Lyft left the city last month in a huff.

‘While plaintiff now pretends that he ‘seeks no relief whatsoever against Uber,’ such an assertion is at odds with any fair reading of plaintiff’s claim,’ judge writes.

Uber, the leading ride service in the United States and much of the world, and Didi Chuxing, which claims 87 percent of the Chinese market for private vehicle ride-hailing, now share at least four investors.

The case in San Francisco federal court involved allegations that Uber terminated drivers from its platform after obtaining their consumer background reports without authorization.

Brazil’s biggest city on Monday became the first in the world where Uber offers on-demand chopper rides between airports, hotels and convention centers.