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Business News > Mint Authors > Eric Newcomer

Eric Newcomer

Mint Author

ARTICLES BY ERIC NEWCOMER

This file photo combo of images shows a Google sign and the Facebook app. (AP)

Google, Facebook at center of rising political-ad tensions

4 min read . 21 Nov 2019

Amazon is a humongous corporation. Training lots of people costs a great deal of money. (Bloomberg)

Amazon’s $700 million training pledge is actually a bargain

2 min read . 15 Jul 2019

Lyft co-founder Logan Green. (AP)

Lyft aims to raise up to $2.1 billion in 2019’s biggest US IPO

2 min read . 19 Mar 2019

Uber is now the largest food delivery business in the world, said Dara Khosrowshahi. Photo: Reuters

Uber to offer food delivery by drone in under 30 minutes

2 min read . 10 May 2018

Uber chief Dara Khosrowshahi has been pushing to clean up the company’s financials in preparations for an initial public offering next year. Photo: Pradeep Gaur/Mint

Uber is said to reach agreement on Southeast Asian sale to Grab

1 min read . 25 Mar 2018

Travis Kalanick sold $1.4 billion worth of Uber shares as part of SoftBank Group’s investment in the ride-hailing company in January. Photo: Reuters

Travis Kalanick buys real estate company, takes CEO reins

1 min read . 21 Mar 2018

A car passes the location where a woman pedestrian was struck and killed by an Uber self-driving sport utility vehicle in Tempe, Arizona on Monday. Photo: Reuters

Uber CEO’s commitment to self driving cars is tested by fatality

2 min read . 20 Mar 2018

Under a scenario being considered, Uber’s stake in Grab is likely to be in the high teens or 20%. Photo: Bloomberg

SoftBank-backed Grab close to buying Uber’s South-east Asia business

1 min read . 09 Mar 2018

Judged by sales-to-market value—one way to decide whether a company has already become expensive relative to its peers—Uber’s valuation is 7.3 times annual revenue. Photo: Hemant Mishra/Mint

Uber spent $10.7 billion in 9 years—here’s how that stacks up

4 min read . 06 Mar 2018

Uber is looking to partner with autonomous-vehicle companies, CEO Dara Khosrowshahi said, adding that the company is prepared to slowly integrate autonomous vehicles in its network filled with human drivers. Photo: AP

Uber CEO predicts Amazon-style losses to fuel lofty goals

2 min read . 15 Feb 2018

Travis Kalanick was pressured to resign last year after Uber became mired in legal woes and a raft of government investigations into how it does business. Photo: Bloomberg

Uber co-founder Travis Kalanick is said to plan sale of 29% of stake

1 min read . 05 Jan 2018

The deal announced Thursday will bring new cash to Uber, prevent arch US rival Lyft Inc. from dealing with SoftBank, appease some early, antsy backers and pacify a previously warring management team and board. Photo: AP

Uber’s SoftBank deal may smoothen road ahead for scarred startup

3 min read . 29 Dec 2017

San Francisco-based Uber Technologies reported financials to shareholders as part of a formal bid Tuesday night from a SoftBank Group-led consortium looking to buy a large block of stock. Photo: AP

Uber’s losses widen as SoftBank launches bid to buy shares

2 min read . 29 Nov 2017

If it is successful, the SoftBank-led coalition would buy at least 14% of the shares from existing Uber investors. Photo: Reuters

SoftBank is said to seek Uber stock at $48 billion valuation

2 min read . 28 Nov 2017

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world. Photo: Reuters

Uber concealed hack that exposed 57 million people’s data

5 min read . 22 Nov 2017

The SoftBank deal also includes Uber governance changes. Photo: Reuters

Uber approves SoftBank multibillion-dollar investment offer

3 min read . 13 Nov 2017

From Uber’s inception, the ridehailing app drew the ire of officials. Photo: Reuters (Reuters)

Uber pushed the limits of the law, now comes the reckoning

14 min read . 11 Oct 2017

The SoftBank deal isn’t yet finalized, but the approval of Uber’s board represents a major step. Photo: AFP (AFP)

Uber will proceed with SoftBank deal, limit Travis Kalanick’s power

3 min read . 04 Oct 2017

The nominations of former Merrill Lynch CEO John Thain and former Xerox CEO Ursula Burns came as Uber’s board considers a slate of changes that would strip former CEO Travis Kalanick of much of his power. Photo: Reuters

Uber board is said to consider votes to cut former CEO Travis Kalanick’s power

4 min read . 02 Oct 2017

Former Uber CEO Travis Kalanick said in an announcement that he had appointed Ursula Burns, Xerox’s former CEO, and John Thain on the company board. Photo: Reuters

Former Uber CEO Travis Kalanick named 2 directors without consulting board

2 min read . 30 Sep 2017