The Dutch Data Protection Authority has fined Uber €825 million for deactivating driver accounts using an automated system without adequate human oversight, marking the second largest penalty under the EU's GDPR. The regulator found Uber committed serious violations by allowing a computer to make impactful decisions on driver suspensions, some of which were permanent without human review. Uber disputes these claims, stating most suspensions are temporary and reviewed by humans, and plans to appeal the fine. This fine follows previous penalties against Uber related to driver data handling, and a class action lawsuit by drivers is being prepared to seek compensation.
Take-Two Interactive expects a record year with Grand Theft Auto 6 preorders surpassing $750 million, as the game launches November 19. Boeing plans to reduce its commercial aircraft workforce by about 5%, combining layoffs and attrition, with employ...
Uber's stock closed at $69.87, significantly below Wall Street's average price target of around $107, signaling a potential 53.5% upside. The company reported strong growth with bookings up 20% and record free cash flow of $10.4 billion, though earni...
Uber reported strong Q3 results with 18% adjusted revenue growth and 35% non-GAAP EPS growth, yet its stock trades near an all-time low. Uber Eats is expanding rapidly, driven by over $15 billion in Grocery & Retail bookings and partnerships with Ama...
Uber has introduced a new service allowing customers to reserve and pay for parking in 15 major U.S. cities, leveraging its recent acquisition of parking app SpotHero. The service offers access to 13,000 parking locations and aims to serve commuters ...
Uber Technologies is falling behind competitors Waymo and Tesla in the U.S. robotaxi market, projecting only 2,000 robotaxis by 2027 compared to Waymo's 20,000 and Tesla's plans for millions. The company's revenue growth is slowing, with Q3 growth un...
