The double whammy immediately renewed questions about the prospects of the world’s biggest ride-hailing company. Source: NYT > Business – Kate Conger
Uber Wants to Sell You Train Tickets. And Be Your Bus Service, Too.
The ride-hailing company, craving growth, is looking to public transit for riders and revenue. Cities aren’t sure whether to welcome it. Source: NYT > Business – Kate Conger
Uber Lays Off 400 as Profitability Doubts Linger After I.P.O.
The ride-hailing company’s cuts follow an internal reorganization and questions about whether it can make money. Source: NYT > Business – Kate Conger
Debate Over Uber and Lyft Drivers’ Rights in California Has Split Labor
After a few big unions held talks on limiting employment protections for the companies’ workers, other labor leaders denounced the idea. Source: NYT > Business – Noam Scheiber
Lyft and Uber Were Duds, but the I.P.O. Market Is Having a Great Year
Despite all the hype and excitement, questions have hung over these I.P.O.s: What would the appetite be among investors? Source: NYT > Business – Stephen Grocer and Erin Griffith
Two Top Uber Executives Are Out as C.E.O. Consolidates Power
A month after Uber’s rocky I.P.O., its chief executive laid off two members of his executive team: the chief operating officer and the chief marketing officer. Source: NYT > Business – Kate Conger and Mike Isaac