Uber, which had expected to turn a profit by Q4 2020, withdrew its guidance in May as the Covid-19 pandemic continued to upend daily life. But its bet on the food delivery business could push it forward.
Investors cheered Uber's $2.65 billion purchase of Postmates, but the financial picture remains murky because of uncertainty around ride shares.
From Facebook's pledge to build products to aid racial justice to Comcast's $100 million donation, here's what tech and media companies say they're doing.
Facebook is committing $10 million to "groups working on social justice," while Cisco is contributing $5 million to organizations.
On Monday, Uber acknowledged for the first time that COVID-19 poses a material risk to the company's business.
As of Monday, more than 89,100 cases of coronavirus have been reported, resulting in at least 3,040 deaths.
Wall Street stock futures were pointing to a lower open Friday after the Dow's more than 1,100-point, or 4%, four-session winning streak.
Uber CEO Dara Khosrowshahi said the company plans to put a majority of its revenue growth this year into the bottom line.
"We're not seeing a significant effect on the business overall," said Uber's Dara Khosrowshahi.
President Trump told CNBC in Davos that he wouldn't be against Facebook chief Mark Zuckerberg running for the White House.
Uber says the decision not to renew its London license is "extraordinary and wrong, and we will appeal."
Uber CEO Dara Khosrowshahi expresses regret for describing the murder of Saudi journalist Jamal Khashoggi as a "mistake."
Many of Uber's top backers, including SoftBank, are in the red on their investment, which could restrict selling as the post-IPO lockup period expires.
U.S. stock futures point to a higher open on Wall Street on optimism about U.S.-China talks surrounding their "phase one" trade deal.
Uber continues to burn through cash, but CEO Dara Khosrowshahi said the company could become profitable by 2021.
Dow is set to slide; bonds are close to major recession signal; China warns Hong Kong protesters; CBS and Viacom near merger finalization; Uber shares hit all-time low.
"They've lost their mojo," says Bradley Tusk, Uber's first political strategist and former Mike Bloomberg campaign manager.
Uber Eats will focus on organic growth rather than acquisitions, says Uber chief Dara Khosrowshahi.
General Electric, Kraft Heinz and Newell Brands are the only companies in the S&P 500 that lost more money last year than Uber's $5.2 billion Q2 deficit.
Uber anticipates a net loss of at least $1 billion for the quarter, according to an audited report released in an SEC filing ahead of its IPO.