Uber
Uber records $1 billion loss in Q1 2019 despite revenue growth
Uber has posted dramatic revenue growth in the first quarter though it’s continuing to bleed money. Uber has recently posted its first earnings report as…
Uber riders can now choose a quiet mode to keep conversation with the drivers to a minimum
Uber is offering its users an ability to keep the conversation between themselves and their drivers to a minimum by selecting “quiet mode” from the…
Uber officially sets price of its IPO at $45 per share, raises $8.1 billion
Uber has priced its initial public offering (IPO) on Thursday at $45 per share, near the bottom of its expected price range. The ride-hailing company…
Uber secures a billion dollar investment for its self-driving unit
Having already filed for an initial public offering (IPO) a week ago, Uber Technologies Inc. has now taken yet another massive step by obtaining a…
Uber is selling $10 billion worth of stock in IPO, report
The ride-hailing service Uber technologies are planning to sell around $10 billion worth of stock in its initial public offering (IPO), according to a report…
Uber puts a larger fare if it knows you will pay
The surge pricing on the popular ride-hailing service is not as simple as some people might have thought. According to a new report from Forbes,…
Almost 300 Careem employees will become millionaires as a result of Uber acquisition
Almost 300 employees of Careem will become millionaires, after Uber acquired the Middle Eastern ride-sharing company. 200 of these employees will become Dirham millionaires, whereas…
How Mudassir Sheikha, a Pakistani entrepreneur built the first unicorn in the Middle East
Careem has announced its $3.1 billion acquisition by Uber, the largest technology sector acquisition in the Middle East. Rumours of the said acquisition have been…
Pakistan is one of our fastest-growing markets in the world, Uber CEO
Uber’s CEO Dara Khosrowshahi had sent an email to the company’s whole staff around its acquisition of Careem – Middle East’s ride-hailing service. The CEO…
It is official: Uber is acquiring Careem for $3.1 billion
Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion…
This is how people are reacting to Careem’s acquisition news on social media
Uber is expected to acquire Careem in a $3.1 billion deal and this acquisition is said to be made official early next week. If this…
Uber to acquire Careem for 3.1 billion dollars
The conversations surrounding the acquisition of Careem by Uber are close to reaching a conclusion as Bloomberg reports that the acquisition is expected to be…
Karachi Airport authorities ban Uber & Careem from entering parking area
Jinnah International Airport has prohibited the entry of Uber and Careem ride-hailing services into the airport’s premises. According to the airport’s revised policy, any car…
