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In Latest Blow For Uber, EU High Court Rules Company Must Be Regulated As Taxi Service

In another major blow to Uber’s ability to operate profitably within the European Union, the EU’s highest court ruled on Wednesday that the ride-hailing app company is, in fact, a transportation company, and its drivers should be subjected to all pertinent regulations for taxi and livery-cab drivers. The decision opens the US ride-hailing app up […]


Uber Price-Gouges Millennial Passenger $14,000 For 5-Mile Ride

One Millennial in Toronto got the shock of his life last Thursday evening when Uber charged him C$18,518.50 (around US$14,398) for a 5-mile trip from 12 Widmer, ST to 30 The Queensway in Toronto, that should have cost C$12 to C$40. According to Votethehish’s friend, Emily Kennard took to Twitter and said, “My friend was charged 18K for a […]


Amazon UK Drivers Reportedly Forced To Urinate In Bottles To Hit 200 Packages A Day Quota

Amazon delivery drivers in the UK are asked to deliver up to 200 packages a day while earning less than minimum wage for agencies contracted by Amazon. The drivers reportedly have to keep schedules so tight they are forced to skip rest breaks and urinate in bottles, according to an investigation by UK’s Sunday Mirror. […]


Who Will Win The Self-Driving Taxi Race?

Authored by Jon Lesage via OilPrice.com, Ride-hailing firms Uber and Lyft have become transportation platforms for automakers and tech giants to someday bring automated, electrified mobility to the mass market. It’s still years in the making, but both companies are gaining significant support during a year when it looked like Uber could be coming to […]


Uber Reports Massive $1.5 Billion 3Q Loss As Two Investors Drop Out Of New Financing Round

Following an embarrassing revelation from about a weak ago that Uber concealed a massive cyberattack – in which hackers stole personal data from 57 million customers for more than a year – and paid the hackers $100,000 to keep quiet (not to mention the plethora of other scandals of late), investors in the private company […]


Unicorn-holed: Softbank Coalition To Buy Uber Shares At A 30% Discount

And the hits keep coming for the unicornest unicorn in all of unicorn-land… Back in the summer, we suggested – for numerous reasons – that Uber's next round of financing may come at a significant discount to its current $69 billion valuation. Overnight, headlines hit that SoftBank was said to have learned of last year's […]


New Uber CEO Waited 2 Months To Disclose Data Breach To Investors, Customers

Earlier this month, newly minted Uber CEO Dara Khosrowshahi made his first high-profile public appearance when he sat down for an interview with the New York Times’s Andrew Ross Sorkin.  Speaking in dulcet tones, Khosrowshahi laid out his vision for making Uber’s workplace culture more inclusive, for building out the product, working with regulators who […]


Uber Admits It Hid Massive Cyberattack For Over A Year, Paid Hackers To Keep Quiet

Just when you thought Uber had hit rock-bottom and was on its way back up… In a somewhat stunning – even for Uber – series of events, Bloomberg reports that the ride-hailing service concealed a massive cyberattack – in which hackers stole personal data from 57 million customers – for more than a year… and […]


Cash-Hemorrhaging Uber Announces Plans To Drop $1 Billion On Driverless Volvos

Earlier this summer we noted Uber’s staggering 2Q cash burn of $600 million which equates to roughly $7 million in net cash outflows every single day.  The staggering, and consistently growing, cash burn figures resulted in several mutual funds announcing they would slash their valuations of the struggling rideshare company by up to 15%.  Of […]


Half Naked Woman Who Stole Uber Driver’s Tips Complains Of Harassment After Video Goes Viral

Content originally published at iBankCoin.com A half-naked woman whose theft of an Uber driver’s tips was caught on video is complaining of online harassment after footage of the brazen incident went viral. Scantily clad 18 year old Gabrielle Canales – a horrible human being, was caught on surveillance video reaching into the Uber driver’s tip jar after […]


Uber UK Ops In Peril After Losing Appeal Of Employment-Tribunal Ruling

This certainly doesn’t bode well for Uber’s prospects in the UK, it’s largest European market. The ride-share giant suffered its latest serious setback, when its appeal of an unfavorable employment tribunal ruling was thrown out on Friday, increasing the possibility that Uber might be forced to pay its drivers in holiday pay and the minimum […]


NYC Terrorist Followed ISIS Magazine Instructions Before Grisly Attack

Update 2:20 pm: The New York Daily News is reporting that Sayfullo Saipov followed instructions from an ISIS propaganda magazine "almost to the letter" in the runup to Tuesday's attack. This appears to support investigators' claims that the Halloween massacre has all the hallmarks of a lone-wolf operation, and that they haven't found any evidence […]


NYC Attacker Bragged About Attack In Hospital; Pleased With His “Success”

Update: Reports of the details of investigators' conversations with Saipov are beginning to leak. While it's unclear what, if anything, investigators learned from him, one official told ABC News the suspect seemed “proud” of the attack. Investigators spent the overnight hours collecting video and still images from traffic and surveillance cameras along the route of […]


NYC Terrorist Bragged About Attack In Hospital, Was Pleased With His “Success”

Update: Reports of the details of investigators' conversations with Saipov are beginning to leak. While it's unclear what, if anything, investigators learned from him, one official told ABC News the suspect seemed “proud” of the attack. Investigators spent the overnight hours collecting video and still images from traffic and surveillance cameras along the route of […]


NYC Terror Suspect Was “Very Friendly” Uber Driver, Friend Claims

It's been less than two hours since police identified the suspect in today's Halloween terror attack in NYC as 29-year-old Uzbek national Sayfullo Habibullaevic Saipov, and already the New York Post has published an interview with a friend of the suspected terrorist who reportedly expressed complete shock when told his friend had killed 8 people […]