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Facebook’s Calibra cryptocurrency wallet launches in 2020

After months of rumors and speculation, Facebook is finally making its cryptocurrency efforts official. This is Calibra, a digital wallet that will use a new cryptocurrency called Libra. Calibra, which is now a subsidiary of Facebook, is designed to “provide financial services that will enable people to access and participate in the Libra network,” a …

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Report: Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency

Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report. The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the …

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Proposed rules in India could force Uber to go electric

Sponsored Links d3sign via Getty Images Uber has been trying to get more electric vehicles to join its fleet for a while now, but it might have to find a way to speed things up if India passes a set of proposed rules for clean mobility. According to Reuters, Indian officials are planning to order …

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Uber executive reshuffling drops its COO and CMO

Sponsored Links Uber CEO Dara Khosrowshahi, right, talks with specialist Peter Giacchi before his stock begins trading at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. ASSOCIATED PRESS In an email that went out to employees on Friday, Uber CEO Dara Khosrowshahi said that because of …

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Uber experiment allows Eats orders from the main app

Sponsored Links SOPA Images via Getty Images Uber has started rolling out an experimental version of its app that was made to persuade its main service’s customers to try its food delivery business. The company has confirmed to TechCrunch that it has embedded a webview version of Eats into the main Uber app for some …

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Uber reports $1 billion loss in first post-IPO quarterly results

Enlarge / Uber CEO Dara Khosrowshahi. George Grinsted Uber lost slightly more than $1 billion in the first three months of 2019, the company announced on Thursday. It’s Uber’s first quarterly earnings release since the company went public earlier this month. Uber’s loss wasn’t a surprise—indeed, it was right in line with expectations. Wall Street shrugged …

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Uber’s Jump will take on Lime’s e-bikes in London

Sponsored Links Uber Londoners have seen multiple bikeshare companies come and go — including ofo, oBike and Urbo. When Lime introduced its e-bikes in December, it seemed like the tide could be changing. Now, Uber’s Jump will give it a go. As part of a pilot program, Uber dropped 350 of its bright red, dockless …

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Uber suffers disappointing stock market debut

Enlarge / Uber CEO Dara Khosrowshahi. Michael Nagle/Bloomberg via Getty Images Uber’s long-anticipated debut on public stock markets failed to live up to expectations on Friday, with the company’s stock falling 7.6 percent during its first day of trading. As the closing bell rang, Uber’s stock was worth $41.57, valuing the entire firm at $76 …

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Uber sued for ‘hundreds of millions’ in Australian class action

Sponsored Links SIPA USA/PA Images Uber is no stranger to lawsuits on any continent, but a new class action filing from four Australian states looks set to become one of the largest in the country’s history. Law firm Maurice Blackburn filed the suit at the Victoria Supreme Court on behalf of drivers, operators and licence …

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Uber adds London’s public transportation info to its app

Sponsored Links Uber Londoners can now compare their public transport and ridesharing options in the Uber app. Tuesday, the company added real-time Underground, bus, train and Docklands Light Railway (DLR) info to a new “Public Transport” feature, which appears next to the UberX and UberPool options. When users search a destination, the app now generates …

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