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Oct 5, 2018

SoftBank to invest $500m in ride-hailing firm Grab

After its last funding a few months ago, Grab was valued at around $11 billion.

May 10, 2018

Airbus, Uber, MS join new US drone programme

The US Transportation Department introduces a drone project to assess how to regulate drones and integrate them safely into US air space.


Uber drivers are not employees, says US judge

A US judge rules that limousine drivers for Uber are independent contractors and not the company's employees under federal law.


Facebook scandal to force others to tighten data sharing

The Facebook data leak scandal is likely to put Internet firms and software developers under scrutiny over how they share customer information.


Waymo accepts Uber's $245m settlement

Uber will pay $245 million worth of its own shares to Alphabet's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets.


Uber reaches $3m settlement with NY drivers

Uber Technologies agrees to pay up to $3 million to settle a proposed class-action lawsuit brought on behalf of 2 421 drivers in New York.


Uber's US market unprofitable amid tough Lyft competition

Uber will continue to lose money in the US for the next six months, as rival Lyft poses a fierce competitive challenge, says CEO Dara Khosrowshahi.


Uber bullish on Africa despite opposition

The ride-hailing service considers moves into more Sub-Saharan Africa markets, despite violent opposition from metered taxi drivers.


Divided Uber board reaches peace

The board passes measures to shore up corporate governance, bring in major investor SoftBank and diminish Travis Kalanick's power.


Uber's Kalanick rekindles power struggle

Uber co-founder Travis Kalanick appoints two new directors, in a move that publicly reignites a board battle over his role as former CEO.

Sep 15, 2017

Alphabet, Lyft discuss possible investment: source

The injection of support could be a boost to Lyft as the number two ride provider battles rival Uber Technologies for market share.


New Uber CEO promises change, IPO

Dara Khosrowshahi told employees the ride-services company would change its culture and may go public in 18 to 36 months.

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