Uber could launch a service similar to TaskRabbit

In the future, when you need someone’s help to get a task done, you might find yourself launching the Uber app on your phone. According to Bloomberg, the company is exploring the possibility of offering a new TaskRabbit-like service. Developer Steve Moser found code hidden within Uber’s iPhone app for an offering that’s reportedly codenamed “Chore.” Based on …

Uber to lay off 200 employees in recruitment division

June 21 (Reuters) – Uber Technologies (UBER.N) said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1% of Uber’s 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services …

Uber reports first quarterly operating profit in Q2 2023 results

Uber has reported an operating profit during a fiscal quarter for the first time in its history. The company reported its second quarter earnings for 2023 [PDF] on Tuesday morning, which included a net income of $394 million for the quarter, up $1.0 billion year-over-year and $588 million versus the preceding quarter. The company attributed its net …

Uber to lay off 200 employees in recruitment division

June 21 (Reuters) – Uber Technologies (UBER.N) said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1% of Uber’s 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services …

Uber to cease food delivery in Italy, exit Israel

AMSTERDAM, June 15 (Reuters) – Uber (UBER.N) said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said. CEO Dara Khosrowshahi has …

Uber Expands Direct Offering with Cartwheel Partnership

Uber Eats is expanding its hybrid delivery offering through a new partnership with Cartwheel that will make it easier for restaurants across the globe to build a white-label fulfillment program that lowers the total cost of delivery for operators. Hybrid or white-label delivery has become a flashpoint for restaurants operators as delivery captures an increasingly …

Uber is coming for Instacart

Image Credits: Uber Uber has rolled out updates to its Shop and Pay feature that address three of the most commonly raised courier issues: out of stock items, digital payments and order clarity before accepting a trip. The ride-hail and delivery giant quietly launched Shop and Pay last year, a feature that lets delivery workers opt …

Uber reports key revenue and bookings beat

Uber (UBER) reported its Q4 2022 earnings on Feb. 8 before the market open, clocking key beats in revenue and delivery bookings. Here are the ride-hailing giant’s key results, as compared to analysts’ expectations compiled by Bloomberg: Q4 revenue: $8.61 billion actual versus $8.47 billion expected Q4 delivery bookings: $14.32 billion actual versus $14.22 billion expected Q4 …

The Amazonification of Uber

Image Credits: Uber It’s been six months since Uber hosted Go, Get, a global smorgasbord of product reveals and features that covered everything from booking party buses and voice ordering for Uber Eats to linking travel plans to Gmail and skipping the food lines at sports stadiums. The product reveals aren’t just about creating new revenue streams …

Lyft co-founder talks earnings, layoffs, and competition with Uber

Lyft Co-Founder John Zimmer joins Yahoo Finance Live to discuss the company’s latest quarterly earnings, the sell-off in the stock, the outlook for profitability and growth, recent mass layoffs, competing for market share with Uber, and the future of autonomous vehicles. Video Transcript [BUZZING] – Lyft stock is downshifting after the company posted slowing revenue growth …