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...Some drivers told Samii they had taken up their own cases with Uber and benefited financially, but Samii didn’t have the money or the appetite to take Uber to court....
...At Uber, this is high at $1.9bn last year....
...Letter in response to this article:Uber buyback reflects a confidence its best days are yet to come / From Dara Khosrowshahi, Chief Executive, Uber Technologies, San Francisco, CA, US...
...Dara KhosrowshahiChief Executive, Uber Technologies, San Francisco, CA, US (This is a shorter version of a letter that ran in Unhedged on February 28)...
...But Uber shareholders should be aware of their scale....
...Dara Khosrowshahi of Uber responds We’ve argued that Uber’s plan to steadily buy back shares is a bad idea: one should only buy back shares in a price-dependent way, and Uber is growing so fast that it...
...Uber’s former chief financial, operating and technology officers lost their rights to options over a collective 2mn shares that were also tied to the $120bn threshold, because all three left the business...
...Uber’s shares rose about 1 per cent by midday trading in New York....
...Camiel Irving, vice-president of Uber’s operations in the US and Canada, said Uber was working on its relationships with regulators as it sought to address worker rights concerns....
...The news sent Uber’s shares up 14.4 per cent in New York on Wednesday to a new high of $79.15....
...Labour leader Sir Keir Starmer is set to announce the party is abandoning its target to spend £28bn a year on green investment, Uber has reported its first annual operating profit, and the far-right winner...
...But Uber’s results have recently improved under Khosrowshahi....
...(Ethan Wu) A reply to Uber’s Dara Khosrowshahi Regular readers will recall that I recently wrote several disapproving things about Uber’s buyback plan....
...Uber successfully challenged those decisions in court. TfL granted Uber a new 30-month licence in February 2022....
...In other words, either you will be the one writing the algorithms instructing Uber drivers where to go. Or you will be the Uber driver being told by that algorithm where to go....
...Lex notes that AviChina Industry & Technology, China’s largest helicopter maker, trades at a significant discount to European peers even after its latest share price bump....
...Uber said: “More drivers and couriers are choosing to earn on Uber than ever before.” DoorDash declined to comment....
...About two-thirds of the Fortune 500 are incorporated in the state....
...Even Uber’s is just 3.4 per cent....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...The transcript analysis helps overlay potential gains from AI adoption with managements likely to embrace the technology to harness those gains....
...Uber’s buyback plan: what’s the return? Some days ago I argued Uber’s share buyback plan only makes sense if its stock is cheap. Otherwise, it would be better to do something else with the money....
...“If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk wrote on X on Wednesday....
...In other words, Uber hopes that users will be encouraged to use its services more frequently. However, Uber’s turnaround is not AI-driven....
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