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Uber is testing selling foodie experiences via Uber Eats

Uber is testing selling foodie experiences via Uber Eats Uber is selling foodie experiences such as cooking classes and multi-course fine dining in its on-demand food delivery app, Uber Eats, under a new Moments tab, per Forbes, which reports on a small-scale test currently running in San Francisco. It says Uber Eats […]

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Uber to acquire grocery delivery startup Cornershop

Uber to acquire grocery delivery startup Cornershop Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber announced on Friday that it expects that its acquisition of a majority ownership stake in […]

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Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago

Uber commits 0 million to Uber Freight expansion in bet on trucking and Chicago Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees […]

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Uber’s COO and chief marketing officer are out

Uber’s COO and chief marketing officer are out Uber’s chief operating officer Barney Harford and chief marketing officer Rebecca Messina are stepping down as part of an organizational shakeup put into motion just a month after the ride-hailing company went public. CNBC first reported the departures. The departures, which CEO Dara Khosrowshahi […]

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Uber is finally trading above its IPO price

Uber is finally trading above its IPO price Uber (NYSE: UBER) closed up 5% Wednesday at $45 per share, trading for the first time since its May 10 debut at its initial public offering price. The boost comes one day after the quiet period for the dozens of investment banks that underwrote […]

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Bill Gates, NEO, Gigafund backing Luminous in photonics supercomputer moonshot

Bill Gates, NEO, Gigafund backing Luminous in photonics supercomputer moonshot Luminous Computing, a one-year-old startup, is aiming to build a photonics chip that will handle workloads needed for AI at the speed of light. It’s a moonshot and yet, the young company already has a number of high-profile investors willing to bet […]

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‘This is Your Life in Silicon Valley’: NYT’s Mike Isaac discusses his upcoming Uber book, Leaks from Facebook and More

‘This is Your Life in Silicon Valley’: NYT’s Mike Isaac discusses his upcoming Uber book, Leaks from Facebook and More Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in […]

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Uber is paying $3.1BN to pick up Middle East rival Careem

Uber is paying .1BN to pick up Middle East rival Careem After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in […]

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Uber’s IPO may not be as eye-popping as we expected

Uber’s IPO may not be as eye-popping as we expected Uber is expected to raise $10 billion later this year in one of the largest U.S. initial public offerings in history. The float will value the ride-hailing giant somewhere between $76 billion — the valuation it garnered with its last private financing […]

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Saudi ally calls for Uber boycott over response to Khashoggi’s vanishing

Saudi ally calls for Uber boycott over response to Khashoggi’s vanishing Uber is facing calls for a boycott of its app in the Persian Gulf, a region that has poured billions of dollars of investment into the company’s ride-hailing business in recent years: Directly via Saudi Arabia’s Public Investment Fund (PIF) and indirectly because […]

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