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News on Medial
Billionaire takes Uber ride, texts CEO Dara Khosrowshahi about driver’s complaint
Money Control
·
1y ago
Medial
American hedge fund billionaire, Bill Ackman, criticized Uber for allegedly not passing on tips to its drivers after taking an Uber ride in New York City. Ackman claimed that the Uber driver informed him about the company keeping tips for itself, even when passengers selected to tip the driver. However, Uber responded by clarifying that all tips are passed on to the drivers, and the issue was due to a technical glitch that prevented the tips from showing on the drivers' screens. Ackman later acknowledged the clarification and confirmed that Uber was working on fixing the issue.
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Gautam Adani meets Uber CEO Dara Khosrowshahi, says ‘excited for future…’
Livemint
·
1y ago
Medial
Billionaire Gautam Adani hinted at a potential collaboration between the Adani group and Uber CEO Dara Khosrowshahi during Khosrowshahi's recent visit to India. Adani praised Khosrowshahi's vision for Uber's expansion in India and his commitment to empowering Indian drivers. Meanwhile, Khosrowshahi expressed that Uber has faced challenges in the Indian market due to intense price competition. Further details about the potential collaboration were not provided.
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Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis
Economic Times
·
5m ago
Medial
Tesla CEO Elon Musk declined Uber's offer to collaborate on autonomous vehicles, opting to develop Tesla's robotaxi project independently. Uber CEO Dara Khosrowshahi revealed this during an interview, highlighting that Uber and other companies like Waymo will compete with Tesla. Despite potential rivalry, Khosrowshahi is open to future partnerships, emphasizing that Uber stabilizes demand in the unpredictable autonomous vehicle sector. Tesla's decision could amplify competition and affect Uber's ride volume and revenue.
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Journalist pays ₹4,200 for 5 km Uber trip in US, CEO Khosrowshahi reacts
Hindustan Times
·
2y ago
Medial
Uber CEO Dara Khosrowshahi expressed surprise when a journalist paid $51.69, including the driver's tip, for a 2.95-mile trip in the US. In response to the pricing, Khosrowshahi cited inflation and higher time and labor costs as reasons for the expensive fare, noting that overall expenses have increased, resulting in elevated ride prices.
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Uber CEO says the company took its drivers 'for granted'
Business Insider
·
1y ago
Medial
During a talk in Bengaluru, India, Uber CEO Dara Khosrowshahi discussed how drivers played a crucial role in helping the ride-hailing company navigate the challenges posed by the pandemic. Khosrowshahi admitted that Uber had previously taken its drivers for granted, but the downturn in rides and revenue prompted a reevaluation of their importance. He emphasized the need to prioritize the driver experience, stating that Uber had to earn their loyalty daily as part of the gig economy. However, there are reports of discontent among Uber drivers over increased competition and declining earnings.
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Adani to partner with Uber? Gautam Adani hints after meeting with Uber CEO Dara Khosrowshahi
IndianStartupNews
·
1y ago
Medial
Uber CEO Dara Khosrowshahi met with Indian billionaire Gautam Adani, who praised Uber's expansion in India and hinted at collaboration. Khosrowshahi also met with Indian ministers and discussed initiatives for sustainable transportation and driver welfare. The post by Adani received positive responses, with some questioning the need for a partnership. Uber has partnered with ONDC to expand its services in India. Despite facing competition from Ola Cabs and Rapido, Uber is committed to offering safe and reliable transportation options in the country, acknowledging India as a challenging market.
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Uber, ONDC sign MoU to explore integration with the network
Economic Times
·
1y ago
Medial
Ride-hailing giant Uber has signed a memorandum of understanding (MoU) with Open Network for Digital Commerce (ONDC) in India to explore integrating its services with the network. The partnership aims to expand Uber's mobility offerings and contribute to India's digital transformation. Uber CEO Dara Khosrowshahi, during his visit to India, noted that the country is one of the toughest markets for the company due to demanding customers. Khosrowshahi also praised India's Digital Public Infrastructure and expressed interest in open-source technology. The MoU is considered a significant step for both Uber and ONDC.
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While Ola taps new roads, our focus still ride-hailing: Uber CEO Dara Khosrowshahi
Economic Times
·
1y ago
Medial
Uber CEO Dara Khosrowshahi emphasizes that the company will maintain its focus on its core mobility business in India, rather than getting distracted with other offerings and services. He highlights the immense growth potential of the ride-hailing sector and mentions that Uber in India is now a self-sustaining business, reinvesting profits into expansion in tier II & III markets and other fast-growing products. Khosrowshahi, on his visit to India, asserts that Uber is determined to be a leader in the market and highlights the company's increased market share since he joined.
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Uber CEO named in FT article on 'boring CEOs', says 'I'll have to go cliff diving'
Twitter
·
2y ago
Medial
Uber's CEO, Dara Khosrowshahi, responded to being mentioned in a Financial Times article about 'unexciting CEOs' by saying it was "next level." The article suggested that Khosrowshahi might not be as sensational as his predecessor, Travis Kalanick, but noted that Uber has achieved profitability during his leadership. Khosrowshahi humorously responded that he might need to try cliff diving over the weekend.
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Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Economic Times
·
2m ago
Medial
Uber has promoted Pradeep Parameswaran to global head of mobility in a top-level restructuring. He will join Uber’s executive leadership team and report to CEO Dara Khosrowshahi. Previously head of Asia Pacific, Parameswaran has been instrumental in Uber’s international expansion. This leadership change accentuates the growing influence of Indian-origin executives at Uber. Despite the reshuffle, Khosrowshahi affirmed his commitment to the company, addressing speculations about his tenure.
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Uber is celebrating its $1 billion profit. But some drivers are feeling left behind.
Business Insider
·
1y ago
Medial
Uber CEO Dara Khosrowshahi announced a $1.1 billion annual operating profit, a first for the ride-hailing giant. However, some Uber drivers are not joining in the celebration, as they feel squeezed on pay and went on strike across the US. Frustrations stem from a drop in earnings due to disappearing perks, such as boosts and ride challenges, and an upfront fares policy that doesn't match the end-of-trip fare. Despite Uber's assertion that the majority of drivers are satisfied, the company may face increasing pressure from its drivers as its profitability grows.
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