Uber Inc.

Uber released its S-1 filing after the market close, placing in on track to go public with its anticipated May IPO.

Uber Technologies Inc. has confirmed reports that surfaced over the weekend about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region.

Uber has confirmed speculations of its acquisition of Middle East on-demand cab hailing company Careem, with the company now becoming a wholly owned subsidiary of Uber. The transaction is expected to be completed by Q1 2020.

Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.

Uber Inc. has introduced Powerloop, an affiliate company to Uber Freight, which would rent out power-only trailers to carriers looking to grow their business and thereby ease the industry’s capacity crunch.

China has toyed with the concept of bike-sharing but met with disastrous results due to an unsustainable business model and excessive dumping of bikes on the streets. The U.S. bike-sharing startups could take a leaf out of their book and improvise accordingly.

Uber Inc. has witnessed a largely satisfactory quarter this year, with it continuing its expansion across different markets and venturing into new territories like food-delivery and scooter-sharing.