Tags: Uber Technologies

Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules

Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules

Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England.


Uber plans to raise $1B in fund raising

Last Friday, Uber Technologies have revealed plans of raising $1 billion from a new pool of investors which will make it the most powerful, and most valuable, privately-owned, start-up in the whole world.

Mutual funds chase head start on hit IPOs with pre-public investing

U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.

China bans private drivers in taxi app clampdown

China's transport ministry has banned taxi hailing apps such as Uber Technologies Inc and local rivals Kuaidi Dache and Didi Dache from using cars and drivers without taxi licenses in a bid to regulate the rapidly growing sector.


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Taxi service provider Uber Technologies Inc said only some of its employees have access to "God View", or a real-time aerial view of the movement of its cars.
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