Warren Buffett has confirmed that he has held talks with Uber, with reports saying that his company, Berkshire Hathaway, offered Uber a $3 billion investment earlier this year. “I’m a great admirer of [Uber CEO Dara Khosrowshahi],” Buffett told CNBC. “Some of the reported details...
Japanese telecommunications firm Softbank Group announced it had acquired a large stake in ride-hailing company Uber Technologies on the cheap, with investors and employees tendering shares, the Wall Street Journal reported Thursday (Dec. 28). Shares tendered as part of the deal were equal to 20 percent...
Uber employees are taking advantage of the rare opportunity to convert their paper shares of Uber into cold, hard cash as SoftBank, the Japanese technology giant, buys 17 percent of the ride-hailing app’s outstanding shares. SoftBank is paying $33 a share, which represents a 30...
August 16, 2018
Uber revealed that its second-quarter revenue increased 63 percent from the prior year to $2.8 billion, while gross bookings jumped 41 percent to about $12 billion. According to The Wall Street Journal, while the company narrowed its loss to $891 million in the second quarter from $1.1 billion a year ago, the loss was bigger […]
May 31, 2018
Warren Buffett has confirmed that he has held talks with Uber, with reports saying that his company, Berkshire Hathaway, offered Uber a $3 billion investment earlier this year. “I’m a...
December 11, 2017
Uber employees are taking advantage of the rare opportunity to convert their paper shares of Uber into cold, hard cash as SoftBank, the Japanese technology giant, buys 17 percent of...
