Uber is considering whether to spin off its freight logistics unit in a sale or separately traded public company, sources tell Bloomberg’s David Welch, Katie Roof, Isis Almeida and Jackie Davalos, but a decision on the matter is said to not be imminent. An IPO of the unit is considered the likely option, while the sale of the freight unit is also possible, people familiar with the matter say. See today’s best-performing stocks on TipRanks >>
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Read More on UBER:
- UBER May Exit the Freight Game
- Uber weighing possible spinoff of freight logistics unit, Bloomberg says
- New York minimum wage proposal ‘encouraging development,’ says Citi
- NYC cutting proposed minimum pay rate for app-based food delivery workers
- Uber Eats partners with Tampa International Airport for mobile ordering
