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Uber Reports Record Gross Bookings Of $30B In March
Uber Technologies posted its highest monthly gross bookings in its twelve-year history in March, according to an SEC...
Apr 13, 2021
Uber: Will The UK Ruling Lead To Disappointing Earnings?
In a landmark decision last week, the UK Supreme Court decided that Uber Technologies, Inc. (UBER) needs to...
Dilantha De Silva
Feb 25, 2021
Uber Suffers Blow As UK Court Says Drivers Entitled To Worker Rights – Report
Uber suffered a blow on Friday after the UK’s Supreme Court ruled that a group of the ride-hailing...
Feb 21, 2021
Uber Posts Better-Than-Feared Quarterly Loss Amid Demand For Delivery Services
Uber Technologies posted a lower-than-expected loss in the fourth quarter, as the ride-hailing company’s demand for its delivery...
Feb 11, 2021
Will Uber Become the Western WeChat? Analyst Weighs In
Not content with ride sharing, food, grocery, prescription delivery, and freight services, Uber (UBER) has now added alcohol...
Feb 05, 2021
Uber Gains 7% On $1.1B Drizly Takeover Deal
Shares of Uber Technologies soared 7% after the ride-hailing company announced the acquisition of alcohol delivery start-up Drizly...
Feb 03, 2021
Uber Planning to Spin-Off Postmates X – Report
Uber is planning to spin-off recently acquired Postmates X into a new startup company called Serve Robotics, according...
Jan 18, 2021
Uber Fined $59M For Failure To Release Data In Sexual Assault Probe
Uber Technologies has been fined $59 million for “refusing” to provide the California Public Utilities Commission (CPUC) with...
Dec 15, 2020
Uber To Sell Air Taxi Unit To Joby Aviation; Top Analyst Boosts PT
Uber Technologies has entered into an agreement to sell its air taxi unit, Uber Elevate, to Joby Aviation...
Dec 09, 2020
Uber Sells Self-Driving Unit To Start-Up Aurora; Street Is Bullish
Uber Technologies has agreed to divest its self-driving unit, Advanced Technologies Group (ATG) to rival start-up Aurora Innovation....
Dec 08, 2020
Needham Lifts Uber PT to $60; Stock Up 63% YTD
Needham analyst Brad Erickson raised his target on Uber Technologies to $60 (23.9% upside potential) from $50, citing...
Nov 22, 2020
Uber In Talks To Offload Its Self-Driving Unit – Report
Uber Technologies is in talks with Aurora Innovation, a self-driving technology startup to sell its self-driving unit –...
Nov 16, 2020
Uber Posts Worse-Than-Feared Loss On Weak Rides Demand; Wedbush Raises PT
Uber Technologies posted a larger-than-expected loss in the third quarter, as the company’s core ride-hailing business continues to...
Nov 08, 2020
Uber Seeks ‘Strategic Alternatives’ For Elevate Biz- Report
Uber Technolgies (UBER) is seeking strategic alternatives for its Uber Elevate business, including strategic partnerships or a partial...
Oct 19, 2020
Uber Pours $150M Into South Korea JV; RBC Sticks To Buy Call
Uber (UBER) and SK Telecom are teaming up on a new joint venture to “create opportunities in the...
Oct 19, 2020
Uber Scores $500M Funding For Its Trucking Business Unit
Uber Technologies announced on Friday that its wholly-owned trucking logistics arm – Uber Freight – has received a...
Oct 04, 2020
Uber Wins Appeal To Restore UK Operating License; Street Stays Bullish
Uber has won a legal battle to regain its UK license, after a court ruled that the ride-hailing...
Sep 29, 2020
Uber, CarTrawler Team Up For New UK Car Rental Service
Uber (UBER) has revealed that users in the UK will soon be able to rent cars via the...
Sep 07, 2020
Uber, Lyft To Continue Operations In Calfornia For Now After Court Win
Uber Technologies Inc. and Lyft Inc. pulled back from a threat to suspend operations in California after an...
Aug 23, 2020
Is Uber Stock a Buy Right Now? This Is What You Need To Know
One of this unique earnings season’s quarterly reports played out according to the guidebook. Uber’s (UBER) Q2 saw...
Aug 11, 2020
Barclays Lifts Uber’s PT On Recovery Bet
Barclays increased the price target on Uber Technologies’ stock to $43 (30.7% upside potential) from $39 and reiterated...
Aug 10, 2020
Uber Acquires Taxi Tech Firm Autocab To Expand In UK
Uber Technologies Inc. announced on Thursday that it has entered into an agreement to buy the British technology...
Aug 06, 2020
Uber Eats, Carrefour Take Online Delivery To Rest Of France, Belgium
French supermarket chain Carrefour (CRRFY) and Uber’s (UBER) Eats unit are expanding their partnership for online shopping deliveries...
Jul 27, 2020
Uber Inks Agreement With Google Maps
Uber Technologies Inc. (UBER) announced that it has entered into a Google (GOOGL) master agreement under which the...
Jul 19, 2020
Uber Buys Routematch To Expand Public Transit Operations
Uber Technologies Inc. (UBER) on Thursday announced the acquisition of public transportation software provider Routematch, in a move...
Jul 16, 2020
Uber Launching Grocery Delivery Service In Latin America, Canada, And US
Uber Technologies Inc. (UBER) has announced that it is launching its grocery delivery service in several regions starting...
Jul 08, 2020
Is Uber Eyeing Postmates Opportunity After Grubhub Disappointment? Analyst Weighs In
“Won’t you be my number 2?” sang a broken-hearted Joe Jackson on his mid- 80s ballad. We can’t...
Jul 07, 2020
Uber Snaps Up Postmates In $2.65B Stock Deal- Report
Transport giant Uber Technologies (UBER) has agreed to buy food delivery service Postmates Inc in a $2.65B all-stock...
Jul 06, 2020
Uber Launches Ride-Hailing App In Tokyo In Partnership With Taxi Operators
Uber Technologies Inc. (UBER) has launched its ride-hailing app in Tokyo by partnering with three local taxi companies....
Jul 05, 2020
Uber Is Said To Be In Takeover Talks To Buy Postmates
Uber Technologies Inc. (UBER) has reportedly made an offer to buy Postmates, the upstart delivery service, in a...
Jun 30, 2020
Uber: GrubHub Got Away, But There Are Other Opportunities to Consider
Uber (UBER) might have missed out on the highly-publicized GRUB acquisition, but there are other opportunities for the...
Jun 24, 2020
Grubhub Shares Lifted On Report Of European Acquirers Lining Up
Shares in Grubhub Inc. (GRUB) rose more than 5% following a report that Delivery Hero and Just Eat...
Jun 08, 2020
Uber CEO Reveals Pickup In May Rides As Covid-19 Restrictions Ease
Uber (UBER) CEO Dara Khosrowshahi has revealed a gradual pick up in trip requests during May as lockdown...
Jun 04, 2020
Amazon’s Jeff Bezos Invests In UK Freight Startup Beacon
Amazon.com Inc.’s (AMZN) CEO Jeff Bezos is investing in UK freight and supply chain finance company Beacon. The...
Jun 01, 2020
Uber In Partnership With MoneyGram For Driver Discount During Pandemic
Uber Technologies Inc. (UBER) has entered into a partnership agreement with MoneyGram International (MGI), which will provide drivers...
May 27, 2020
Uber Cuts 600 Jobs In India, Cites Unpredictable Covid-19 Recovery
Ride-hailing company Uber Technologies (UBER) has cut 600 jobs in India, roughly a quarter of its total Indian...
May 26, 2020
Uber Pops More Than 6% On Second Round Of Layoffs, Site Closures
Shares in Uber Technologies Inc. (UBER) rose 6.3% after the ride-hailing company announced a second round of job...
May 18, 2020
3 “Strong Buy” Trending Stocks That Are Buzzing Right Now
Is the market’s rally reaching a standstill? Doubts about valuations and Federal Reserve Chair Jerome Powell’s warning regarding...
May 14, 2020