Uber Ruthlessly Prioritises 435 People Out of a Job

Uber has laid off 265 engineers and 170 members of its product team because it is a successful company based on sound financials that is not badly in need of a drastic overhaul. Read More >>

This Interview With Uber’s CEO Should Be Placed in a Time Capsule For the Year 2029

Uber lost a mind-boggling £4.3 billion last quarter, but the company’s CEO, Dara Khosrowshahi, is still optimistic that Uber will be able to make money one day. Khosrowshahi sat down with Bloomberg Technology reporter Emily Chang yesterday and kept insisting that Uber has the ability to turn a profit, despite widespread skepticism from people who keep shorting the company’s stock since it went public back in May. Read More >>

Former Uber Employee Says ‘Safe Rides Fee’ Was the Rip-Off You Always Suspected

Uber has, across its 10-year history, been the subject of any number of public scandals – from workplace sexual harassment and data privacy to labour strikes and myriad other controversies. But thanks to a forthcoming book on the beleaguered company, employees had a chance to reminisce about one some of us may not remember: its dodgy Safe Rides Fee. Read More >>

Google’s Disgraced Self-Driving Car Wizard Charged With Theft of Trade Secrets

One-time autonomous vehicle wunderkind Anthony Levandowski – the central figure in Waymo’s contentious lawsuit against Uber – has been charged with 33 counts of theft and attempted theft of trade secrets, the New York Times reports, bringing the high-profile corporate espionage case back into the news. Read More >>

Uber is Doing Boat Trips Now, But Only During This Bank Holiday Weekend

This coming weekend is a bank holiday - the last one before Christmas - and to mark the occasion, you can book yourself an Uber boat. Read More >>

Uber to Stop Buying Hundreds of Thousands of Balloons Every Year

Things haven’t been going so hot for Uber, which is burning through billions of dollars a year with no fleet of driverless taxis in sight to stop it. Now, the party is really over: According to a report in Crunchbase News, Uber has decided to stop buying hundreds of thousands of dollars in celebratory balloons annually. Read More >>

Uber Sets £4.3 Billion on Fire In Biggest Loss Ever

Well, well, well! If it isn’t our beleaguered rideshare giant Uber reporting yet another quarter of continued losses after its disastrous IPO earlier this year. In its earnings report released Thursday, the company said it burned through more than £4 billion – its largest losses to date. Read More >>

Uber Only Has 800 Marketing People Now

On Monday, Uber announced it had laid off a third of its marketing department. According to the New York Times, an internal email said the team had “grown bloated.” Read More >>

Blasting Rich People Into Space Is Better Business Than Uber, Somehow

Virgin Galactic is preparing to become the first publicly traded spaceflight company, and the venture is setting a course to be profitable by August 2021, which would put it lightyears ahead of the profitability projections of another transportation-based company that simply moves people around on Earth: Uber. Read More >>

Slack’s Direct Listing on the New York Stock Exchange Makes Uber and Lyft Look Like Absolute Chumps

In its first day on the New York Stock Exchange, workplace messaging company Slack leapt over 50 per cent above its reference price of $26 (£20) per share despite employing an unusual, less costly strategy to debut on the market. Across a few hours of trading, Slack’s total value soared to $23.1 billion (£18.13 billion), while concurrently making what were, respectively, supposed to be the year’s blockbuster IPOs look like absolute dogpoo. Read More >>

I’m Sure Austria Is Really Scared by Uber’s Threats to Pack Up Its Toys and Go Home

Spurred on by looming unfavourable legislation and stock market disappointment, Uber is reportedly playing hardball again, this time with the entire country of Austria. Read More >>

Facebook Announces Libra, Digital Currency on the Blockchain That Doesn’t Actually Need to Be on the Blockchain

Facebook and 27 other partner companies formally announced this morning they plan to launch a digital currency called Libra in the first half of 2020. And if they pull it off, Libra could become the standard digital currency around the world. Read More >>

self driving cars
Will Self-Driving Cars Turn People Into Even Bigger Arseholes?

People like to mess with Uber self-driving cars, according to an executive leading the autonomous programme. Read More >>

Uber Lit £791 Million on Fire Last Quarter Because That’s What Uber Does

In its first earnings as a public company, Uber posted losses of $1 billion (£791 million) over the previous quarter, more or less matching investor expectations, because sending the GDP of Vanuatu off a cliff every three months is Uber’s current business model, more or less. Read More >>

Uber Will Start Booting Terrible Passengers From Its App

Uber is finally going to hold its riders to the same standard of common decency that it holds its drivers—via their ratings. Read More >>