Tag: uber

BUSINESS

Uber’s Business Booms In spite Of High Gas Prices

Uber’s revenue skyrocketed to $8.1 billion during the three months ending in June, doubling from the previous year as more customers turn to the ride-hailing service. In its quarterly earnings report, the company said the number of consumers and drivers using its platform is at all-time highs. Uber recorded 122 million people using its platform each month, up 21% from […]

BUSINESS

Uber Files Lawsuit Against New York City

Uber, the transportation network company, is taking New York City over its temporary cap on new vehicle licenses for ride-hailing companies to address traffic congestion. It claims the city plans on making the cap permanent. Uber offers services including peer-to-peer ridesharing, taxi cab hailing, food delivery, and a bicycle-sharing system. The company has operations in 785 metropolitan areas worldwide. The […]

BUSINESS Commerce

Uber Suffers Loss Despite $6.5 Billion in Revenues Last Year

Uber Technologies Inc., the transportation network company headquartered in San Francisco, California, the United States, which operates in 570 cities worldwide reportedly generated $6.5 billion in revenue last year and shows gross bookings doubling to $20 billion. Its adjusted net loss was $2.8 billion, excluding its operation in China which it sold last year. It is estimated that the company […]