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2 mins read
One of Uber's earliest investors says the billions it spent on self-driving were a 'waste of money'
The money would have been better spent on delivery efforts, early investor and former board member …
Tim Levin  Â
2 mins read
Uber is selling its self-driving-car business to Aurora as it races to turn a profit amid the pandemic
Self-driving technology is expensive, and Uber's been under pressure to shed money-losing units, as…
Graham Rapier  Â
3 mins read
Uber is reportedly in talks to sell its self-driving vehicle division to a startup run by former Uber, Tesla, and Google executives and backed by Amazon
Despite ambitious goals, Uber's ATG has been hobbled by a deadly crash, infighting, and unreliable …
Tyler Sonnemaker  Â
1 min read
Uber's self-driving-car business has fallen behind Waymo and Cruise — here's why the ride-hail giant might give up on ATG
After the indictment of a former executive and a fatal crash, insiders, investors, and experts ques…
Mark Matousek  Â
1 min read
Uber will launch driverless food deliveries in California in 2022
Uber is partnering with self-driving technology company Motional to use its technology for a pilot …
Francis Agustin  Â
2 mins read
Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery
Uber Eats outperformed Uber's core ride-hailing business for the third straight quarter, but the co…
Tyler Sonnemaker  Â
6 mins read
Dara Khosrowshahi hits the kill switch on Uber's moonshots
In this week's edition of Insider Tech we look at Uber's spinoff spree, Elon Musk's wish for a Mars…
Alexei Oreskovic  Â
16 mins read
Uber insiders describe questionable decisions before its self-driving car killed a pedestrian
Samantha Lee/Business Insider; Natalie Behring/REUTERS At 9:58 p.m. on a nearly moonless…
Julie Bort  Â
3 mins read
Uber will study Dallas as its possible next self-driving car market
"The data we collect will inform our next steps," Austin Geidt, head of strategy for Uber's Advance…
Graham Rapier  Â
3 mins read
Insider Transportation: United's not worried about cash burn, Uber's self-driving troubles, a breakdown of Tesla salaries, and more
Plus: Tesla promises the Model Y by the end of the year and we look at the electric-car CEOs vying …
Alex Davies  Â
1 min read
Uber's next big idea is self-driving scooters and bikes
He added that the new "Micromobility Robotics" will be housed with Jump Bikes, which Uber acquired …
Isobel Asher Hamilton,Isobel …  Â
3 mins read
Uber estimates it lost at least $1 billion in the first quarter of 2019
Going forward, the company says its "Core Platform Contribution Margin" will be between -4% and -7%…
Graham Rapier  Â
4 mins read
Uber could file for an IPO any minute - here's what to expect
Other bets don't stop at autonomous taxis, either. Uber's new mobility unit is working to advance i…
Graham Rapier  Â
2 mins read
Uber has reportedly laid off hundreds of employees in its third round of cuts this year
"As you know, over the past few months, our leaders have looked carefully at their teams to ensure …
Graham Rapier  Â
4 mins read
Uber has filed to go public in what could be the biggest IPO in years
In 2018, Uber purchased a bike-share company called Jump bikes. Like Lyft's purchase of the bikesha…
Graham Rapier  Â
2 mins read
Uber's self-driving car unit may be worth $7.25 billion alone
The Wall Street Journal reported Wednesday that a group of investors, including SoftBank Group and …
Mary Hanbury  Â
3 mins read
Uber and Waymo have settled their massive legal fight
"We have reached an agreement with Uber that we believe will protect Waymo's intellectual property …
Kif Leswing  Â
2 mins read
'Still looks cheap': One Wall Street analyst explains why Uber's struggles make it a perfect stock to buy
According to Needham's analysis, Uber's Rides business generated about $0.33 in EBITDA per trip las…
Daniel Strauss  Â
4 mins read
Uber and Lyft are betting on self-driving cars to become profitable. But that may not happen, new research from MIT suggests.
"In a single ridership model, we find capacity utilization rates would need to improve by nearly 10…
Graham Rapier  Â
3 mins read
Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billion
Self-driving is notoriously expense to develop, as most companies working on the technology have fo…