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CORONAVIRUS IMPACT ON UBER
Contributions continue to pour in from domestic, foreign firms in fight against COVID-19Social media timelines are filled with SOS calls with people looking for oxygen cylinders, hospital beds, plasma donors and ventilators. Or...- Amazon wants to help Biden get 100 mn Americans vaccinated in 100 daysUber has also offered logistical assistance.
- SoftBank Group sells Uber shares worth $2 billionAn affiliate of SoftBank's Vision Fund sold 38 million shares for $53.46 apiece, according to a US stock filing on Uber's website.
- Trump extends freeze on H-1B, other work visas until March 31The visa bans had been issued in April and June to protect American jobs and were set to expire on December 31. Extending the ban to March ...
- No major impact of Ola, Uber drivers' strike in DelhiA section of drivers associated with the two cab aggregators went on a strike to demand a fare hike and moratorium on loan repayment.
- Section of Ola, Uber drivers go on strike in Delhi-NCRAmid the pandemic, the strike may cause hardships to commuters as Metro train services are yet to resume and public transport buses are run...
- SoftBank-backed ride-hailing firm Grab set to announce layoffsThe ride-hailing industry has been battered by the pandemic, with firms from Uber, Lyft in the United States to India's Ola cutting jobs an...
- Home Credit India lays off 1800 employees"The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers,...
- Lockdown, Day 63: India faces volley of shotsIndia is facing a volley of shots from all fronts as growth forecast is plummeting, and India faces a resurgent Chinese army at Ladakh. The...
- After layoffs, Uber recalls job offers made to B-school gradsWhile Uber is the most high-profile recruiter to have revoked final placement offers so far, B-schools have also been seeing offers being w...
- SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and UberSoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
- US stocks rally despite surge in unemployment, Dow +1.9%The US lost an unprecedented 20.5 million jobs last month, pushing the unemployment rate to 14.7 percent from 4.4 percent in March -- the h...
- Uber CTO steps down as company reportedly weighs job cutsEarlier this month the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments impair...
- Uber expects drop in quarterly revenueThe company withdrew its 2020 forecast for gross bookings, adjusted net revenue and adjusted EBITDA, and said the initiatives taken in resp...
- GiveIndia starts India COVID Response Fund with Rs 75 cr in initial donationsSome of the early donors to the fund include the Bill & Melinda Gates Foundation, Google.org, HSBC India, Omidyar Network India, UBS Optimu...
- An IT company is giving two weeks' pay as bonus to help staff deal with coronavirus falloutThe US-based Workday has announced a cash bonus of two-weeks pay for its employees to help them deal with “unforeseen costs and needs" due ...
- Covid-19: Ola, Uber see rides drop by a thirdBusiness for cab-hailing firms, including Ola and Uber dry up as companies push work-from-home and cut business travel.
- Food delivery platforms go the extra mile for last-mile fleetSwiggy said it is taking proactive measures to help minimise the chances of spread of the coronavirus, and that it is training its delivery...
- Coachella postponed from April to October amidst coronavirus concernsThe company said all passes for original dates will be honoured for the rescheduled shows.
- Airbnb’s path to 2020 stock listing imperiled by CoronavirusSome investors, including a handful of Airbnb backers and would-be buyers of the shares on the public markets, are concerned that the virus...
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