On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will receive a seat on the board of directors of Aurora.
The deal actually means that Uber has given up its efforts to develop its own self-governing car. Although initially the company significantly overtook its main competitors Google and Tesla in the development of such technologies, it faced serious problems. It was the Uber car that killed a pedestrian in Arizona, after which the company suspended its test program for such cars. In addition, Uber investors have become increasingly demanding that the company focus its efforts on making its core business, a taxi service, profitable.
Aurora Technologies was established in 2017 and is supported by Amazon and Sequoia. After another round of financing last July, the company was valued at $ 2.5 billion. According to Aurora, its value has quadrupled to $ 10 billion as a result of the agreement with Uber.
Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]
Taxi service Uber Technologies Inc. wants to sell the part of its stake in the Chinese taxi ordering service Didi Chuxing worth $ 6.3 billion, writes Bloomberg agency. According to sources, Uber is negotiating the sale of shares in Didi with Japanese company SoftBank Group, which is the major shareholder in both companies. “Although various […]
Uber has already tried to give drivers more autonomy so that they are considered contractors rather than employees. A California court has issued a preliminary order ordering Uber and Lyft to immediately retrain drivers from contractors to company employees. The order will take effect in 10 days. As independent contractors, Uber and Lyft drivers do […]
Shares of Uber, which rose on 16.7% since the beginning of the year, fell 2.65% after the close of trading on Thursday, in response to the results of the second quarter. Uber management called the quarter “the hardest in history”, given the sharp drop in passenger traffic due to the COVID-19 pandemic. At the same […]
Radekhivskyi tsukor company, which is the largest producer of this product in Ukraine, has closed a deal to acquire 6 sugar factories previously owned by the company T-Tsukor. We are talking about: Borshchivskyi, Buchatskyi, Zbarazhskyi, Kozovsky, Lanovetskyi and Khorostkovskyi sugar factories, which are located in the Ternopil region. It is reported by the source delo.ua. […]Next
PrivatBank’s profit for 2020 amounted to UAH 25.3 billion, which is UAH 7.3 billion less than a year earlier. The bank’s press service announced preliminary results of last year’s work on Thursday, January 27. PrivatBank noted that last year, in connection with the pandemic, they formed special reserves, which amounted to more than ten billion […]Next
Ukraine received a $ 350 million loan from the World Bank. “The funds came to Ukraine,” the agency said. The loan was obtained for the systemic project First Loan for Development Policy in the Field of Economic Recovery. The money should be used for economic development during the pandemic, social support for vulnerable groups and […]Next
Microsoft founder Bill Gates has warned investors against buying the cryptocurrency Bitcoin. Bloomberg reports. “If you have less money than Ilona [Mask], you probably need to be careful. Ilon has a lot of money and he’s very advanced, so I’m not worried that his bitcoins will rise and fall chaotically,” Gates said. Gates fears that […]Next
During his visit to Kyiv, French Minister of Economy, Finance and Reconstruction Bruno Le Mer will sign four strategic intergovernmental agreements worth a total of 1.3 billion euros. He said this in an interview with Interfax-Ukraine. “During my visit, France will sign four strategic intergovernmental agreements with Ukraine totaling 1.3 billion euros. This is very […]Next
The Commercial Court of Kyiv suspended the decision of the Antimonopoly Committee, which seized the accounts of tobacco companies as part of a forced fine of UAH 6.5 billion. “The court rejected their request. We welcome this decision, since the arrest of accounts could endanger the normal functioning of large companies and negatively affect tax […]Next
In the north of England, in the shire of Durham closed the last commercial coal mine Bradley Mine, which operated for almost 200 years. It is noted that the open coal sump, which produced 150 thousand tons of coal per year, decided to close after failed plans to expand production areas. Environmentalists have fought against […]Next
The Wilmar company plans a further expansion in Ukraine. This was told by the Chairman of the Board of Directors of the company “Delta Wilmar CIS” Dhuraba Charan Panda, said the Forbes publication. For example, in the B2C segment by building a new or purchasing an existing Ukrainian enterprise. The final choice has not been […]Next
German automaker Volkswagen will invest about 73 billion euros over the next five years in electrification, hybrid powertrains and digital technology, the company said in a statement following a meeting of the supervisory board. In particular, about 35 billion euros are planned to be spent on electric cars on battery power, about 11 billion – […]Next
The British financial regulator has banned one of the world’s largest cryptocurrency exchanges Binance from trading cryptocurrencies in the country. The UK has struck a blow by forcing the exchange on its website and social media pages to indicate a lack of the right to work in the country. “Binance shall not engage in any […]Next
Publicly-held company Bank Khreschatyk has managed to prepay debt to the National Bank of Ukraine in the amount of 190 457 000 UAH. According to the official information, the implementation of the requirements of the loan from the NBU refinancing was realized by raising funds derived from repayment of the package of domestic government loan […]Next
Facebook reported that the data of 530 million users of the social network were made public after receiving data from the platform through the function of importing contacts, and not as a result of a hacker attack. This is stated in the Facebook report on the incident. It is noted that the attackers stole data […]Next
Facebook announced that it is shutting down two of its little-known apps shortly after they launched them. According to CNBC, Lasso, TikTok’s competitor, and Hobby, the competitor of Pinterest, will be shut down on July 10. Facebook released Lasso for iOS and Android in 2018. It was created to share 15-second videos with effects. The […]Next
Back in 2016, Apple CEO Tim Cook called augmented reality (AR) a “new big market” comparing its size to the smartphone market. According to most analysts, Apple smart glasses will be a new wearable device sold as an additional gadget to the iPhone. Apple itself does not give any details or disclose plans about its […]Next
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]Next
The property of the Rava-Rusky distillery, located in the Lviv region, was sold at a privatization auction. The State Property Fund reported this. It is noted that two participants competed in the open bidding, which increased the price from the starting 27.7 million hryvnias to 31.7 million hryvnias. “The asset is located in the city […]Next