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Technology What's Uber worth? 30% less says one report

15:21  28 november  2017
15:21  28 november  2017 Source:   usatoday.com

You can now hail Uber rides for friends who don't have accounts

  You can now hail Uber rides for friends who don't have accounts If you use Uber often enough, you've probably had those moments where you wanted to hail a ride for someone else, such as a friend heading home from the bar. It isn't always easy to arrange a guest trip, however, which is why Uber has just introduced a feature that lets you order a ride on someone else's behalf, whether or not they have an account. You just have to specify the traveler's name, phone number and location -- you don't have to serve as a proxy, and the passenger doesn't need a smartphone app. This could be particularly helpful if you're hailing a ride for someone who may only have a basic cellphone.

Uber executives are travelling the globe to reassure regulators that the company is changing the way it does business. As Laura Frykberg reports , it follows a string of controversies that have hurt the ride-hailing firm' s reputation. Video provided by Reuters Newslook.

Tech & Science: What ' s Uber worth ? 30 % less says one report - uk.pressfrom.com. 30 % Less , says SoftBank’s Offer”. With a straight face I said “ I know what Uber is, a male escort service.”

In this July 20, 2017, file photo, SoftBank Group Corp. Chief Executive Officer Masayoshi Son, left, speaks during a SoftBank World presentation at a hotel in Tokyo. Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.© Shizuo Kambayashi, AP In this July 20, 2017, file photo, SoftBank Group Corp. Chief Executive Officer Masayoshi Son, left, speaks during a SoftBank World presentation at a hotel in Tokyo. Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant. SAN FRANCISCO — Japanese investment company SoftBank is keen to take a big stake in Uber, but only at a fraction of the ride-hailing company's previous valuation.

SoftBank has tendered an offer to buy $9 billion in Uber stock based on a valuation of $48 billion, or around 30% less than Uber's one-time high of $69 billion, according to a Bloomberg report Monday citing anonymous sources close to the deal.

Volvo Cars to supply Uber with up to 24,000 self-driving cars

  Volvo Cars to supply Uber with up to 24,000 self-driving cars Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.The non-binding framework deal could offer San Francisco-based Uber a way to overcome setbacks at its autonomous driving division in Silicon Valley's race to perfect self-driving systems.

30 % Less , says SoftBank’ s Offer. By. webbasedcoding. Earlier in November, Uber ’ s new CEO Dara Khosrowshahi said he expects Uber to go public in 2019. So it’ s time to get all the ducks in a row.

16 comments for “ What ’ s Uber Really Worth ? 30 % Less , says SoftBank’s Offer”. With a straight face I said “ I know what Uber is, a male escort service.”

SoftBank would also plan to invest $1 billion in Uber at the $69 billion valuation, according to the report. At $10 billion, the investment would amount to one of the largest private stock sales in history.

Uber declined to comment on the report.

If the sale were to go through, SoftBank and a small coalition of investors would own 17% of the ride sharing company, which has been buffeted this year by internal scandals and regulator inquiries into past business practices.

The most recent scandal to hit the company and its newly minted CEO, Dara Khosrowshahi, includes a data breach last year that affected 57 customers and drivers. Uber executives not only did not disclose the breach, but they paid the hackers $100,000 to keep quiet about the matter.

In past days, Uber has been hit with a class action suit over the hack and Khosrowshahi has been sent angry letters from members of congress demanding more details about the company's behavior.

Follow USA TODAY tech reporter Marco della Cava on Twitter.

EXCLUSIVE: Uber paid 20-year-old Florida man to keep data breach secret - sources .
A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called "bug bounty" program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters. Uber announced on Nov. 21 that the personal data of 57 million passengers and 600,000 drivers were stolen in a breach that occurred in October 2016, and that it paid the hacker $100,000 to destroy the information. But the company did not reveal any information about the hacker or how it paid him the money.

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