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The Latest Breaking News from Uber

NVDA Stock Alert: The Prices of Nvidia’s Chips Could Drop for Some Time Amid Intensifying Competition

Indicators show that the price of the tech giant's chips are sinking.

Barchart

As marketers grapple with AI, business leaders at Cannes Lions say human creativity and authenticity matter more than ever

At Fortune's Fuel Up in Cannes, marketing leaders from Manchester United Football Club, Uber, Kraft Heinz and content creator Gstaad Guy explored how brands can create connections that feel genuine

Fortune

Why off-duty cops in second jobs ‘kill and die more’ in recession-hit Argentina

Growing number of cases involve police working as rideshare drivers while carrying government-issued guns

The Guardian - UK

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'Entirely at your mercy': Uber driver jailed for rape

An Uber driver has been jailed for seven years and six months for raping a young female passenger, realising "a common fear" held by women, a judge says.

AAP

Seattle's Sky-High Minimum Wage for Delivery Drivers Has Been a Disaster

"We created a problem and it's our responsibility to fix it," former Seattle City Council President Sara Nelson admitted.

Reason

Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said ‌board members ignored ⁠repeated ⁠internal and external warnings about Uber's alleged failure to address sexual abuse by drivers.

The Economic Times

US stocks: Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Electric bike and scooter operator Lime is aiming for a valuation of up to $1.66 billion in its US IPO, seeking to raise over $180 million. Despite past losses, the company boasts rapid revenue growth and a global presence. Uber, a key investor, plans to buy shares. This offering will…

The Economic Times

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Nestle, Uber among global business leaders to back faster electrification shift

Over 100 global companies, including Nestle and Uber, are urging governments to prioritize electrification in economic strategies. They argue this shift will reduce reliance on volatile fossil fuel costs, enhance energy security, and boost competitiveness. The businesses, with combined revenues of $1.5 trillion, emphasize that clear government policies and faster…

The Economic Times

Lime plans to name Uber as anchor investor in IPO: report

San Francisco-based ⁠startup Lime is backed by Uber Technologies. It filed to go public in the United States in May.

The Economic Times

Taxi and Uber rider targeted in suspected anti-Muslim attacks in Edinburgh, say witnesses

White Scottish man, 38, charged after five men were injured in spate of attacks in city on Friday night

The Guardian - UK

A Routine Grocery Run Turned Into a Life-Saving Mission After an Uber Driver Spotted Something in a Passenger’s Yard That He Couldn’t Ignore

‘To have this kind of help makes you feel valued. It is such a psychological uplifting experience.’

The Mary Sue

Who's Winning The Robotaxi Race? It's... Complicated

Every time we think we understand the robotaxi market, another bit of news shakes things up. This week, we got updates from Tesla, Uber, Waymo, Wayve, and Lucid.

InsideEVs

Waymo’s self-driving cars are crashing and shrieking. But after riding in one, I realised none of that will matter

ANALYSIS: Being driven by nobody is haunting, thrilling and dystopian. Until it isn’t, writes Andrew Griffin

The Independent UK

An Uber driver for World Cup fans was injured in Kansas City shootings that also left a man dead

Police say that an Uber driver taking American fans of Argentina’s soccer team to a World Cup match was among four people injured in a series of shootings in Kansas City, Missouri, that also left one man dead

The Independent UK

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Ballotpedia

California voters will decide on dueling initiatives backed by Uber and trial attorneys in November

Two initiatives, with rideshare companies and trial attorneys taking opposing sides of the campaigns, qualified for the November ballot in California on June 17.

The Guardian - US

Gig workers are endlessly exploited. AI could make more of us share their fate

As companies integrate AI and hire fewer employees, a shift toward a ‘gig economy’ will commence

International Business Times UK

Who Fires the Sales Team During a Major Launch? Shock Rivian Layoffs Hit Hundreds as New R2 SUV Takes the Road

Rivian has laid off hundreds of employees shortly after launching its R2 SUV, aiming to cut costs and improve profitability amidst ongoing financial challenges.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

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news in one place.

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We Got This Covered

Uber driver refuses to let a mother fit her child on her lap to squeeze five passengers into his car, then cancels the ride and reports her

The mother allegedly said she was “willing to risk it.”

Barchart

RIVN Stock Layoffs: What to Know About the Latest Rivian Job Cuts

Rivian shares extend gains as the company announces new round of layoffs. Here’s why these job cuts aren’t bearish for RIVN stock.

InsideEVs

Uber, Stellantis, And Wayve Want To Blanket The World In Robotaxis

Uber seems to have spent the past year attaching itself to every major robotaxi effort it can, and now Stellantis is joining that list.

Capital & Main

California Rideshare Drivers Move Toward Unionizing, Following Massachusetts

Uber and Lyft drivers in both states say low pay, rising gas prices and a lack of transparency in how they're compensated have fueled organizing efforts.

InsideEVs

Lucid And Uber Will Bring Robotaxis To Houston Next

The Lucid, Nuro, and Uber partnership is moving fast. Their next stop after California is Texas.

Creative Bloq

Don't let your brand name hold you back

The dos and don'ts of naming a brand.

Barchart

The $2.7 Billion Reason YUM Stock Is Up Today

YUM stock rallied today as the company announced the sale of the Pizza Hut division for $2.7 billion. Here’s why management decided in favor of unloading the popular pizza chain.

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Sebastian Siemiatkowski

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