World News

Here Are the Internal Documents that Prove Uber Is a Money Loser

Uber, Silicon Valley’s prized amoral unicorn, is presumed to be a financial titan and a sure-thing IPO in the near future. Which may be true. But one thing that’s frequently missing from the conversation about its inevitable dominance over virtually every facet of our...

Will Uber Be the Boss of You?

Uber will like, totally change your life... Or so we thought. But Uber now stands accused of hiding behind algorithms to mask the power and control it exerts over drivers. This is the charge levelled to the company this week by two researchers at a New York think...

Uber’s race to the bottom: The wheels will come off this controversial business

Some parts of Uber’s business model are not healthy and probably unsustainable (Source: Getty) Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive new technology. Then,...

Uber Bonds Term Sheet Reveals $470 Million in Operating Losses

Uber Technologies Inc. is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided to prospective investors. The term sheet viewed by Bloomberg News, which is being used to sell $1...

Victims of Chicago Uber attack speak out

CHICAGO -- An Uber driver is charged after an altercation with two female passengers. The women requested an Uber Tuesday night in Streeterville and when the driver Chieh Wang, 37, arrived, one of the women was not ready to be picked up. Wang became upset and left the...

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