ridesharing
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Uber Sets $7 Billion On Fire In Biggest Loss Ever
Well, well, well! If it isn’t our beleaguered rideshare giant Uber reporting yet another quarter of continued losses after its disastrous IPO earlier this year. In its earnings report released Friday, the company said it burned through more than $7 billion — its largest losses to date.
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Congratulations To Uber, The Worst Performing IPO In US Stock Market History
Rideshare unicorn Uber doesn’t do anything small. When it was in the game of raising money, it raised close to $US25 billion ($36 billion). When it loses that money — and it does every single quarter — it loses it at astronomical burn rates. It finally debuted on the New York Stock Exchange today, in…
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Stuff Elon Musk Said About Tesla Autonomous Cars On Monday, Ranked
On Monday, Tesla CEO Elon Musk spoke at a company investor day focused on autonomy, relaying news that Tesla had switched to a self-driving computer designed by in-house engineers and dropping some big promises about what, exactly, the future of its Autopilot feature and autonomous driving will look like.
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Uber Found Not Criminally Liable In Fatal 2018 Self-Driving Car Accident
Ride-hailing Uber has been found not criminally liable in the death of 49-year-old Elaine Herzberg, who tragically became the first known pedestrian to be killed by a self-driving vehicle when she was struck by an Uber test SUV in Tempe, Arizona in March 2018.