The Uber rival said on Wednesday that it has doubled its South African footprint in the past year, launching ride-hailing services in 34 secondary towns and cities in all nine provinces, and will now launch food delivery services.
Uber Technologies’ biggest market in Europe is at risk after regulators revoked the ride-hailing service’s licence to operate in London for the second time in less than three years.
Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
In his latest bid to reduce losses at Uber Technologies, Dara Khosrowshahi fired about 350 employees, in what he said is the “last wave” of workforce reductions.
As WeWork continues its stumble to the public markets, some prognosticators see this moment as something more significant: that a WeWork belly-flop portends the end of the unicorn era in Silicon Valley.
A former Google engineer has been charged with stealing self-driving car technology from the company shortly before he joined Uber.