Tag: Uber

Uber says cutting 3,000 jobs and trimming invesment

Uber on Monday announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic. The San Francisco-based company is laying off about 3,000 people and stopping some investments unrelated to its...

Uber reveals thousands of reported sexual assaults in US

by Julie JAMMOT Ridesharing leader Uber, under fire around the world for its safety record, said it had tallied nearly 6,000 sexual assaults in the United States over the past couple of years. That included more than 450 cases of rape, according to Uber's first public...

Transport for London rejects new licence for Uber

London's transport authority on Monday refused to renew an operating licence for the ride-hailing giant Uber because of safety and security concerns. "Transport for London (TfL) has concluded that it will not grant Uber London Limited (Uber) a new private hire operator's licence in response...

Grab to be hit with a fine of RM86 million for abusive practices

Malaysia's competition regulator Malaysia Competition Commission (MyCC) has proposed a fine of more than RM86 million and a daily penalty of RM15,000 against Singapore-based ride-hailing firm Grab for abusive practices on its own drivers. The MyCC, according to a report by Reuters, said Grab abused...

Malaysia starts anti-monopoly probe against Grab a year after Uber take over

Singapore-based ride-hailing service Grab is facing an anti-monopoly investigation in Malaysia, a year after it said it will cooperate with authorities on a probe. In July 2018, the authorities said it will conduct a detailed monopoly risk study in Malaysia but it appears the probe is now...

American professor sentenced to jail for spitting, kicking and hurling vulgarities at S’pore police

Singapore – American professor Jeffrey David Davis, 53, was sentenced to three months in jail after he threw vulgarities and racial insults at the Singapore police. On March 3, at around 6:30 pm, the Stanford-educated researcher and professor thought he was getting apprehended when...

Uber posts $1 bn loss in Q1 on growing revenue

by Glenn CHAPMAN Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion...

As Bloomberg announces negotiations for Uber to buy Deliveroo, shares of other food delivery firms fall

In late September Bloomberg reported that ride-hailing giant, Uber Technologies, is in talks to purchase Deliveroo, a food delivery company. Deliveroo, which is based in London, was valued at at more than S $2.73 billion (US $2 billion) in 2017, when the company had raised...

Grab: We have considered the CCCS’s proposed directions and disagree with their analysis

Shortly after the release of a statement from the competition watchdog, the Competition and Consumer Commission of Singapore (CCCS), Grab released a statement of their own, saying that they “disagree with analysis” of the CCCS. In Grab’s statement, they add that “The CCCS appears...

Grab & Uber – The competition watchdog finally speaks out and proposes financial penalties on both companies

In an announcement today, the Competition and Consumer Commission of Singapore (CCCS) has found that the merger between Grab and Uber has “led to a substantial lessening of competition”. They add that the merger also led to prices rising. The CCCS’s Findings In their statement, the...