Heena Sharma Blog

Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company expects a coronavirus -related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday. He spoke after Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business. Read More

Uber Technologies Inc. envisions taking to the skies with a fleet of food-delivery drones in as little as three years, an ambitious timeline for a ride-hailing company that would face numerous technical challenges and regulatory hurdles. The San Francisco company is seeking an operations executive who can help make delivery drones functional as soon as next year and commercially operational in multiple markets by 2021, according to a job posting that appeared on Uber’s website. App-reliant Uber has limited experience developing hardware beyond its nascent electric scooters and its equipment for self-driving vehicles, an as-yet unproven technology. The drone executive will “enable safe, legal, efficient and scalable flight operations,” according to the job listing, which refers to UberExpress, an internal name used for the drone delivery operation within its UberEats prepared-food delivery unit. After an inquiry from The Wall Street Journal, Uber removed the job list...