Financial Times:
Uber’s SVP of Mobility Andrew Macdonald says chronic driver shortages are now over, letting the company focus on improving cancellations and wait times — The ride-hailing app is now focused on other customer complaints such as cancellations and wait times
Cade Metz / New York Times:
A US federal court jury finds ex-Uber Chief Security Officer Joe Sullivan guilty for not disclosing a 2016 breach of customer and driver records to regulators — A jury found Joe Sullivan, who led security at the ride-hailing company, guilty on two different counts.
Nilesh Christopher / Rest of World:
Experts and employees detail Uber’s struggles in Pakistan as it discontinues service in five cities, cuts spending, and faces increased competition from inDrive — Fierce local competition in the ride-hailing sector and economic uncertainty have forced Uber to scale back its presence in South Asia.
Rebecca Bellan / TechCrunch:
Uber reaches a $10M settlement with the City of Chicago for listing restaurants in Uber Eats and Postmates without consent and charging excess commissions — Uber has agreed to a $10 million settlement with the City of Chicago for listing local restaurants in the Uber Eats …
Nicolas Parasie / Bloomberg:
Algerian startup Yassir, which offers on-demand ride hailing, banking, and more, raised $150M led by BOND to expand overseas, bringing its funding to $193M — Startup Yassir secured $150 million from global investors in North Africa’s largest fundraising as the tech firm seeks to roll out its super app overseas.
Rebecca Bellan / TechCrunch:
Uber tests showing ads for other companies in push notifications for its iOS app — Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren’t staying within the app. — Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users.
Jackie Davalos / Bloomberg:
Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats — Uber Technologies Inc. reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership …
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