Uber Technologies Inc
Grubhub lays off 15% of company workforce, or about 400 workers
The Grubhub logo shown on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Illustrations or photos Food-delivery platform Grubhub laid off around 400 workforce, or 15% of its corporate workforce, citing a will need to keep “competitiveness,” the firm’s CEO claimed in a message to workforce Monday. The business has struggled […]
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Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says
People sit outdoors at the Petite Crevette Restaurant on June 05, 2021 in the Brooklyn borough of New York City. Robert Nickelsberg | Getty Images During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options. But today, as inflation puts pressure on their wallets, consumers […]
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Goldman Sachs backs Japan’s greatest taxi application with $1 billion valuation
Hiroshi Nakajima, president of Go Inc. The Japanese experience-hailing company elevated dollars from Goldman Sachs which values it at $1 billion. Shoko Takayasu | Bloomberg | Getty Photographs Goldman Sachs invested in Go Inc., Japan’s most significant trip-hailing application in a funding spherical which values the commence-up at $1 billion, the firm declared on Wednesday. […]
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Goldman Sachs loves Uber, Meta and Amazon — and ranks them in order of desire
Goldman Sachs has named Amazon , Uber , and Meta as 3 tech shares that present the “most persuasive risk/reward” on the lookout ahead to the relaxation of the calendar year. The Wall Road lender said the Large Tech firms ended up properly placed to “weather conditions a risky natural environment” if 1 were to […]
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Uber to supply autonomous ride-hailing and shipping and delivery companies applying Waymo’s robotaxis
Travellers journey in an electric Jaguar I-Speed vehicle outfitted with Waymo total self-driving technologies in Santa Monica, California, Feb. 21, 2023. Allen J. Schaben | Los Angeles Moments | Getty Photographs Uber‘s journey-hailing and shipping expert services will soon be provided by Waymo’s autonomous motor vehicles, at least in the Phoenix, Arizona, metropolitan region. On […]
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Evercore’s tech analyst Mahaney has a new top rated inventory decide
Evercore ISI’s Mark Mahaney is using a closer glance at Amazon . The tech giant moved up to the No. 3 spot on Evercore’s know-how and net top rated picks, trailing only Meta Platforms and Uber in the first and 2nd place, respectively. Evercore’s cost concentrate on of $150 indicates about 29% upside for Amazon […]
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Uber announces a bunch of new features, which includes just one that lets teens guide rides
Dara Khosrowshahi, main government officer of Uber David Paul Morris | Reuters Uber announced many new functions on Wednesday throughout the company’s yearly Go-Get products showcase. The new alternatives include the potential to reserve a experience with a vehicle seat, to contact an Uber without the application, and to include teens to a spouse and […]
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Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Consumers may be on the fence about whether it’s yet time to buy EVs, but car-rental giant Hertz Global Holdings has made the leap. Markets boosted shares of Estero, Fla.-based Hertz after its recent earnings report, as first-quarter revenue hit $2 billion and per-share […]
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SoftBank shares fall right after its Vision Fund tech expenditure device posts a $32 billion file loss
SoftBank’s Vision Fund posted a report decline in the yr finished Mar. 31, 2023. The flagship tech investment decision device has been strike by the slipping price ranges of tech shares. Akio Kon | Bloomberg | Getty Pictures Shares of Japanese tech investor SoftBank fell on Friday immediately after the business noted a document decline […]
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Wheels Up founder abruptly steps down as losses mount, potential bankruptcy looms
Kenny Dichter, founder and chief executive officer of Wheels Up Chris Goodney | Bloomberg | Getty Images Private jet company Wheels Up announced Tuesday that its founder and CEO, Kenny Dichter, is stepping down from his post immediately as the company faces mounting losses and the potential for bankruptcy. Board member Ravi Thakran will become […]
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