Uber Technologies Inc Add to portfolio

More people are turning to services like Uber or Lyft instead of owning a car. Could owning a car go the way of paying for cable television or having a home phone? If this Uber executive is any indication, the answer is a resounding yes. Around 9% of people who sold or traded in a vehicle over the past year decided to forego getting a new car in favor of using services like Uber and Lyft, a poll conducted by Reuters and Ipsos found last May. Robert Farrington, founder of personal finance website The College Investor, is one of those people. When the time came for Farrington to replace his car, which was over a decade old and had more than 100,000 miles, he decided to test his hand at going without his own car.

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Online food-ordering company GrubHub (GRUB) may have met its match. According to Second Measure, Uber Eats, Uber’s food-delivery unit, is the fastest-growing food delivery service in the United States. Just as Uber is facing increasing competition globally in its ride-hailing segment, Uber Eats seems to be doing well. According to the report, Uber Eats now has a larger market share than GrubHub in 15 of the 40 biggest cities in the country.

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Uber CEO and transport boss had second meeting over London licence battle. LONDON (Reuters) - London's Transport Commissioner Mike Brown met Uber [UBER.UL]boss Dara Khosrowshahi in January, a freedom of information request revealed, as the Silicon Valley app fights to keep its cars on the streets of its most important European market. Uber is battling a decision by the city's transport regulator last September to strip it of its licence after it was deemed unfit to run a taxi service, a ruling Uber is appealing. Since then Uber has made a series of changes to its business model, responding to requests from regulators, including the introduction of 24/7 telephone support and the proactive reporting of serious incidents to London's police. The pair had a second meeting in London in January, according to a response to a freedom of information request from Reuters.

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'A class-action lawsuit led by a number of Lyft drivers against Uber regarding the alleged “Hell” spying program is moving forward in an amended way.', 'Uber reportedly used Hell to track Lyft drivers to see how many were available to give rides and what their prices were.', 'Hell could allegedly also determine if people were driving for both Uber and Lyft.', 'Additionally, Judge Corley dismissed the claim that Uber violated the CA Comprehensive Computer Data Access and Fraud Act with leave to amend “to the extent Plaintiff can allege facts that plausibly suggest Uber violated a particular subsection of the Act.”. While Judge Corley dismissed the majority of the plaintiff’s claims, Gonzales can file an amended complaint specifically pertaining to unfair competition.'

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"Lyft Drivers' Suit Against Uber Over Spying Pared by Judge.", 'Lyft Inc. drivers will be permitted to revise a lawsuit alleging Uber Technologies Inc. spied on them using a software called "Hell" as part of a scheme to gain a competitive edge.', 'A San Francisco federal magistrate judge dismissed most of the lawsuit on Wednesday, but allowed the drivers to file an amended complaint, leaving the door open for them to pursue the case.', 'U.S. Magistrate Judge Jacqueline Scott Corley preserved a claim under California’s unfair competition law, and said that the driver who filed the suit, Michael Gonzales, "has sufficiently alleged that he lost revenue as a result of Uber’s programs to decrease the supply of Lyft drivers."'

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'Ride-hail app services now make approximately ten times more pick-ups than green and yellow taxis combined in the outer boroughs.', 'To maintain their TLC license, vehicles used for Uber and Lyft must pass inspections at least every four months, so drivers stay on top of service and repairs and closely track expenses.', "Customers who want to maintain or restore the comfort and performance of their vehicle often find parts from their vehicle's original equipment manufacturer (OEM) at Arch Auto Parts, including parts from Bosch, Denso, Continental, Aisin, Arnott, Akebono, Delco, Motorcraft, NGK, Trico, Hella, Hengst, Chemours (formerly Dupont), Sylvania, TRW, VDO and more. For example, for Toyota Camrys, one of the most popular Uber vehicles, Arch Auto Parts stocks parts from the Original Equipment Manufacturer (OEM) for the radiator, compressor, alternator, starter, cabin filter, oxygen sensors (O2 sensors), brake pads, water pump, timing kits, Freon™ refrigerant and more.", 'Arch Auto Parts has also become a top choice for many independent contract drivers for delivery services including Caviar, Uber Eats, DoorDash, Postmates and GrubHub.'

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'Adyen, a Dutch payments processing firm that counts Uber, Spotify and Netflix among its clients, is considering a stock market listing this year, a source told CNBC, after the company reported record revenues in 2017.', 'The company, which is currently valued at over $2 billion, is in talks with Morgan Stanley and J.P. Morgan to be advisers, the source said.', 'On Wednesday, Adyen said that it generated $1.14 billion in annual revenue for 2017, an increase of over 62 percent from the $700 million recorded in 2016 .', 'Last week, Reuters reported that Adyen is eyeing a listing in June and said that it could value the company between 6 billion ($7.4 billion) and 9 billion euros.'

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'Ride-hail app services now make approximately ten times more pick-ups than green and yellow taxis combined in the outer boroughs.', 'To maintain their TLC license, vehicles used for Uber and Lyft must pass inspections at least every four months, so drivers stay on top of service and repairs and closely track expenses.', "Customers who want to maintain or restore the comfort and performance of their vehicle often find parts from their vehicle's original equipment manufacturer (OEM) at Arch Auto Parts, including parts from Bosch, Denso, Continental, Aisin, Arnott, Akebono, Delco, Motorcraft, NGK, Trico, Hella, Hengst, Chemours (formerly Dupont), Sylvania, TRW, VDO and more. For example, for Toyota Camrys, one of the most popular Uber vehicles, Arch Auto Parts stocks parts from the Original Equipment Manufacturer (OEM) for the radiator, compressor, alternator, starter, cabin filter, oxygen sensors (O2 sensors), brake pads, water pump, timing kits, Freon™ refrigerant and more.", 'Arch Auto Parts has also become a top choice for many independent contract drivers for delivery services including Caviar, Uber Eats, DoorDash, Postmates and GrubHub.'

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"EngadgetApril 19, 2018. Ford isn't remaining idle while Uber and Lyft start medical transport services.", "It's launching a GoRide service that offers non-emergency transportation for patients who may have challenges reaching appointments on time.", 'Health care providers can book rides for patients in Transit vans with drivers and equipment that can handle special needs, including wheelchairs.', 'What to read next. Ford takes on Uber and Lyft with its own medical transport service.'

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Uber picks VMware's Zane Rowe as CFO - Bloomberg. (Reuters) - Uber Technologies Inc [UBER.UL] has picked VMware Inc's Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company's initial public offering in 2019, Bloomberg reported on Wednesday. The Silicon Valley startup is in advanced talks with Rowe, who is currently CFO at VMware, Bloomberg reported, citing people familiar with the matter. https://bloom.bg/2qG6c4C. An agreement has not been finalised yet and talks could still fall through, Bloomberg said citing one of the sources. Uber's board of directors has agreed to take the company public in 2019 and is searching for a chief financial officer to lead this effort. The position has been vacant since 2015. Uber and VMware were not immediately available for comment outside regular U.S. business hours. What to read next.

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