Transportation

Lab Report: Uber's Very Bad Day

A morning roundup of the day’s news.
Tyrone Siu/Reuters

Uber’s double whammy: Uber’s financial troubles appear to only be getting worse, with a new report this morning that some early investors are looking to sell their shares amid third-quarter losses of $1.5 billion. That sale would drop the company’s valuation by 30 percent, Bloomberg reports. And that’s not all: A federal court hearing Tuesday revealed the company has a team “dedicated to spying on rival companies and ‘impeding’ legal investigations.” The Guardian reports:

“Waiting on the dream”: Though the endless buzz of self-driving cars may seem to point to a major revolution just around the corner. But today, Jalopnik asks us to think seriously about another possibility: What if it just never happens?