World News

Why Uber Is A Doomed Investment

Uber’s valuation of $40 Billion as a result of its last financing appears at first blush to be a ringing endorsement of the company’s business by smart money. But we here at Midas Letter have concluded that while the company is quickly agglomerating market share in...

Breaking News: Uber Banned In Germany…Again!

IS UBER'S EMPIRE CRUMBLING? BERLIN — A judge in Frankfurt on Wednesday dealt a strong blow to Uber, ruling that drivers for ride-hailing service nationwide must hold the official permits required of taxi drivers. The ruling reinstates one of the most severe legal...

Uber sued over driver data breach, adding to legal woes

(Reuters) - Uber Technologies Inc has been hit with a proposed class action lawsuit over a recently disclosed data breach involving the personal information of about 50,000 drivers, the latest in a series of legal woes to hit the Internet car service. The suit, filed...

Uber uber alles

NEW DATA from Certify, a company that tracks business travel expenses, included the fascinating tidbit that the average cost of an expensed ride with Uber, a rapidly-growing car-dispatching service, is now higher than the average cost of an expensed taxi ride. But...

Uber Ordered to Discontinue Uberpop Service in Italy

Company has 15 days to stop the service after which it will be fined $22,000 a day A taxi sign during a protest against Uber in Turin, Italy, in April. Uber said it would appeal a Milan court ruling on Tuesday that the company discontinue its Uberpop service, which...

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Uber drivers slapped with more charges after ignoring orders

Uber drivers have been slapped with more charges for alleged breaches of the Taxi Act More charges have been laid against some 19 Perth drivers of the ride-sharing app Uber after they ignored orders to produce appropriate documents to show they could operate. The...

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