Tina Bellon
Stories by Tina Bellon
Bitcoin recovers after falling below $20,000
Bitcoin is now up 16.7% from this year's low of $17,592.78.
Uber posts quarterly profit on strong delivery, recovering ride demand
Uber posted net income of $892m, as it revalued its stakes in Grab and Aurora Innovation.
Uber looking to sell its non-strategic stakes including in China’s Didi
Uber had sold its China business to Didi in 2016 in exchange for equity.
Uber to resume shared rides offer in the US
Previously known as Uber Pool, the new UberX Share offers a 5% upfront discount compared to a regular ride.
Uber reports first operating profit as driver shortage eases
Uber forecast an adjusted profit of $25 million to $75 million for the last quarter of 2021.
New York City approves licences, price controls for food-delivery apps
The companies say the price controls are unfair and vowed to fight them.
Toyota’s acquisition of Lyft’s self-driving unit bolsters its automation ambitions
For Lyft, the deal will allow it to become profitable sooner.
Ride-hailing firm Lyft sells self-driving tech unit to Toyota for $550m
Lyft will receive $200 million cash upfront, with the remaining $350 million paid over five years.
Uber’s losses narrow as food delivery, ride bookings rebound from pandemic lows
The company says it's on track to achieving an adjusted profit by year-end.
Uber asks governors of all US states to give its drivers early access to COVID-19 vaccine
The company also said it will send a letter to President-elect Joe Biden.
