Uber, a ride-sharing service company headquartered in San Francisco, California, was ordered by the Department of Motor Vehicles (DMV) of the said state to stop testing its driverless cars on the public roads of the city. The company offered the public rides on their Volvo self-driving cars without first getting a permit from the regulatory agency. As a result, DMV stopped the tests. more
Bad news for all Uber users and fanatics. The financial stats are in and Uber lost a huge $1.2 billion in the first half of 2016. This announcement was confirmed by the head of finance, Gautam Gupta. more
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