Uber has abandoned plans to move into a massive building in Oakland, California and is instead “exploring several options” for the site, including a sale. But Business Insider understands the change of plan is because Uber needs to cut its losses and hit profitability.

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Uber its losses 14 percent in the second quarter from a year ago, as the ride-hailing giant grew bookings, trips and revenue. The company posted a net loss of $645 million on revenue of $1.75 billion. Revenue this time last year was $800 million.

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Former General Electric chairman Jeff Immelt has become the front-runner candidate to become CEO of Uber, according to numerous sources with knowledge of the situation.

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Hewlett Packard Enterprise CEO Meg Whitman wants everyone to know that’s not going to Uber. Bloomberg and Recode had reported that she was on the short list for the CEO spot, but she took to Twitter to make it clear that it’s not happening.

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創新及科技局局長楊偉雄接受商台專訪時表示，從沒有說過共乘車服務Uber不可行，只是強調合法的重要性，又指當局有信心刺激香港再工業化。

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19世紀，英國人是工業革命的先驅。以蒸汽機為標誌，英國人在機器發明的各個領域，都領先於歐洲各國。對前殖民地美國，他們技術封鎖，有膽敢泄露技術者，罰款200英鎊，蹲監1年。當時英國工業整體之先進，遠超今天已開

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Uber Technologies Inc. said its head of finance is leaving as the ride-hailing company reported continued big losses despite increasing revenue, adding to an exodus of top officials and setting the stage for a second major executive search.

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SAN FRANCISCO The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said.

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