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Uber Continues to Raise Tons of Money

Uber Continues to Raise Tons of Money

By Josh Wolford January 21, 2015

Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber …

Uber Swears It’s Going to Make the Service Safer Uber Swears It’s Going to Make the Service Safer

Uber promises it’s going to get safer. The last few months have been filled with high-profile stories involving bad Uber drivers with malicious intent. In the past, Uber drivers have been accused of sexual assault, kidnapping, and even something as …

Uber Sued in Hometown, Accused of Misleading Users Uber Sued in Hometown, Accused of Misleading Users

Uber is under fire from more cities – now including the one in which it is headquartered. San Francisco District Attorney George Gascon says that Uber has made “false or misleading statements to consumers and for engaging in a variety …

Uber Facing Lawsuit from the City of Portland Uber Facing Lawsuit from the City of Portland

On-demand ridesharing companies like Uber and Lyft often operate in legal grey areas, residing somewhere between illegal and kind-of legal – depending on the specific laws of the cities in which they launch. Most of the conflicts that arise between …

Uber Raises New $1.2 Billion Round Of Funding Uber Raises New $1.2 Billion Round Of Funding

Uber is trying to put that whole PR fiasco it had to deal with last week behind it. The company is now dominating headlines for announcing that it has raised a new $1.2 billion round of funding, so it’s definitely …

Uber Is Delivering Groceries In 10 Minutes Or Less Uber Is Delivering Groceries In 10 Minutes Or Less

It looks like Uber is becoming more of an Amazon competitor as it has just expanded its grocery delivery service, and given it a shiny new brand name. Uber first launched the pilot test of the “Corner Store” service in …

Uber Could Soon Be Valued at $40 Billion Uber Could Soon Be Valued at $40 Billion

Uber could be valued at a staggering $35 to $40 billion after a new round of funding, according to a report. “T. Rowe Price Group Inc. is in discussions to be a new investor, said the people, who asked not …

Lyft Has Best Week Ever After Uber’s Run of Bad PR Lyft Has Best Week Ever After Uber’s Run of Bad PR

Uber hasn’t had a good few months, PR wise – and the past couple of weeks have been brutal. When one of your executives says that the company should start digging up dirt on journalists who criticize the company, well, …

Ashton Kutcher, Uber Investor, Gives His Two Cents Ashton Kutcher, Uber Investor, Gives His Two Cents

As we’ve reported this week, Uber is catching a lot of flak over statements made by a company VP and more recently, actions made by another exec. In short, an Uber VP named Emil Michael recently proposed that Uber could, …

Uber Exec Used 'God View' to Track Journalist Uber Exec Used 'God View' to Track Journalist

In the wake of an Uber VP’s comments about possibly digging up user data and using it against critical journalists and the absolute crapstorm that followed, Uber says that it is investigating its top NYC exec for privacy violations. According …

Uber Says It Will Not Go After Critical Journos Uber Says It Will Not Go After Critical Journos

The bad press for Uber has just gone a bit meta. According to a report from BuzzFeed, an Uber VP recently proposed an idea to combat the negative press the company’s been receiving as of late. According to Emil Michael, …

Spotify and Uber Announce New Partnership Spotify and Uber Announce New Partnership

Uber has thought of a pretty clever way to make your ride more enjoyable. Starting soon, Uber is going to let you choose what music you listen to while being carted from point A to point B. Uber and Spotify …

Lyft Now Lets Your Boss Pick Up the Cost Lyft Now Lets Your Boss Pick Up the Cost

Uber has Uber for Business, and now Lyft has Lyft for Work. The pink-mustachioed company has just introduced a new way for companies to pay for their employees’ rides – when appropriate of course. Lyft for Work allows companies to …

Audrina Patridge: Crying Over Corey Bohan?

Audrina Patridge was spotted a few days ago–decked out in a Halloween costume and crying on a bench–after attending Matthew Morrison’s Halloween party at Hyde nightclub in West Hollywood. The former Hills star went to the party with ex-boyfriend Corey …

Ebola Patient Did Take Uber, But Nobody's At Risk

Dr. Craig Spencer, the third person diagnosed with Ebola in the US and first in New York City, did in fact take an Uber ride just a day before testing positive for the virus. Uber confirmed this in a statement, …

Shuddle Shuttles Your Kids Around, Uber Style Shuddle Shuttles Your Kids Around, Uber Style

Any parent knows there’s simply never enough time in the day. Timmy needs to be at practice at five, but Susie has piano lessons at 5:30. Plus, you have a meeting to get to all the way across town. What …

Uber Thinks You Might Want a Flu Shot with Your Ride Uber Thinks You Might Want a Flu Shot with Your Ride

Part promotional effort, part PR corrective maneuver, and part desire to do something good – Uber is giving out free flu shots right now. If you live in Boston, New York, or Washington D.C., Uber will coordinate a flu shot …