Results for: Uber

Swedish financial technology company Klarna has announced a global partnership with Uber to power payments for the ride-hailing giant’s Uber and Uber Eats apps. The partnership will see Klarna added as a payment option in the U.S., Germany, and Sweden, along with Klarna’s “Pay Now” option, which lets customers pay off an order instantly in one click, in the Uber and Uber Eats apps. Klarna will also offer an additional payment option for Uber users in Sweden and Germany which allows users to bundle purchases into a single, interest-free payment that gets taken out of their monthly salary. The deal marks one of the most significant merchant wins for Klarna of late, and comes as the European fintech giant is rumored to be gearing up for a blockbuster initial public offering that could value the firm at north of $20 billion.

Uber’s profitability surge in 2023, driven by cost reduction and revenue growth, has boosted investor sentiment. The company’s network effect, additional services, and potential for self-driving taxis make it a compelling investment for aggressive investors.

Tesla CEO Elon Musk’s announcement of the company’s plans for a robotaxi fleet during the Tuesday earnings call has caused shares of Uber Technologies and Lyft to decline in early Wednesday trading. The concept would allow Tesla owners to rent out their vehicles for a ride-hailing service, while Tesla plans to own vehicles in the fleet and generate revenue from the program. Tesla is scheduled to hold a key robotaxi event on August 8th, and these announcements have investors keeping a close eye on the development and potential impact on the ride-hailing industry.

Uber Technologies Inc. has expanded its services to Newfoundland and Labrador, offering ridesharing throughout the Avalon Peninsula, with St. John’s as the primary service area. However, users are advised to expect extended wait times initially as the platform establishes itself and attracts more drivers. The company’s expansion to the province marks its presence in over 140 Canadian municipalities and more than 10,000 cities worldwide.

Uber Technologies Inc. has launched its ridesharing services in Newfoundland and Labrador, covering the Avalon Peninsula with St. John’s as the primary service area. Acknowledging potential wait times during the initial rollout, Uber anticipates improved reliability as more drivers join the platform. The company’s expansion to the province marks its presence in 140 Canadian municipalities and over 10,000 cities worldwide.

Uber India is implementing proactive measures to safeguard user privacy by deleting phone numbers shared in chats between riders and drivers. The company aims to prevent accidental exposure of sensitive information and potential unwanted contact outside the app. Additionally, Uber has introduced phone and address anonymization, concealing precise information from trip histories to enhance user security. The company also offers insurance coverage for riders and drivers in case of accidents or mishaps, providing financial assistance and peace of mind.

Uber is implementing a new rider verification process in 15 U.S. cities, aiming to build trust and reliability for both riders and drivers. Verified riders will receive a blue checkmark on their Uber app profile, indicating to drivers that their identity has been authenticated.

Uber is implementing a new rider verification process in 15 U.S. cities to enhance trust and reliability for both riders and drivers. Verified riders will display a blue checkmark in the Uber app, assuring drivers of their identity. Uber will cross-check account information against third-party databases or require riders to submit government identification. The pilot program aims to address drivers’ concerns and may prioritize verified passengers for faster service.