Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

Briefing

Uber to Speed Full Exit from Russia

By
Martin Peers
· · Source: The Information

Uber is trying to speed its exit from Russia in the wake of Russia’s invasion of Ukraine. The U.S. ride hailing firm said in a statement Monday it was “actively looking for opportunities to accelerate the sale” of its 29% stake in the Yandex.Taxi ride-hailing joint venture in Russia “in light of recent events.” Uber also said that “in the meantime,” it would “remove our executives from the board...

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