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Tag: uber

Business 

Uber to start restricting travelers with ‘fundamentally’ low ratings

Joe Robinson,

Riders who build up an “significantly below average rating” may lose access to utilizing the rideshare application, Kate Parker, Uber’s head of safety brand and initiatives, said in an announcement on Wednesday. Be that as it may, clients will have a few chances to help their ratings before they are restricted from the application. The new standards are aimed at making riders’ experiences “feel respectful, inclusive and safe,” according to a promotional video released by Uber to accompany the announcement. “Respect is a two-way street, and so is accountability,” Parker…

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Business 

Uber’s stock dives for a second in a row day

Natalia Forrest, , ,

Uber’s stock fell 7.6 percent on Friday, its first day as a publicly traded firm. The bloodbath proceeded on Monday, with Uber’s stock cost falling by an extra 10.7 percent. It’s a sobering moment for the ride-hailing organization. As of late as last October, some Wall Street banks were evaluating that the organization could be esteemed as high as $120 billion. At Monday’s end cost of $37.10, Uber is worth scarcely half that, at $62 billion. (The organization is worth around $68 billion on a “fully diluted” basis, which counts…

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