About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Uber Technologies Inc. (UBER, Financial) has received a lot of attention due to its impressive performance, with its stock price increasing by more than 118% over the past 12 months. The stock has surpassed its previous peak of $60.70 per share in February 2021, achieving an all-time high of $81.40 at the time of writing. After the significant increase in the share price over the past year, I believe its future growth is already reflected in the current market valuation, which is overvalued. Business snapsh ...

Uber CEO Dara Khosrowshahi says that prioritizing drivers helped the company weather the pandemic.He acknowledged that drivers have been undervalued, and said that Uber needs to earn their loyalty.Uber drivers are worried about declining earnings, which led to a Valentine's Day strike last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed ...

Uber has signed a memorandum of understanding with an Indian government-backed firm that aims to make mobility and commerce more accessible across the South Asian nation.The ride-hailing giant said Thursday that it will explore an integration with Open Network for Digital Commerce (ONDC) to explore integrations with the network and expand range of its mobility offerings on the Uber app. At an event in Bengaluru, Uber chief executive Dara Khosrowshahi said Uber “views open source tech stacks with a lot of in ...

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the 2024 Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 6. Mr. Khosrowshahi is scheduled to appear at 12:35pm PT (3:35pm ET). An audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com. About Uber Uber’s mission is to create opportunity through movement. We star ...

Uber, along with partners Mitsubishi Electric and autonomous robotics startup Cartken, are launching a service in Japan that will use self-driving sidewalk robots to deliver food to customers.The companies announced that the service offered through the Uber Eats app will launch in a select part of Tokyo by the end of March. An Uber spokesperson said operating hours would be disclosed closer to the launch date.Uber and Cartken, a startup founded in 2019 by former Google engineers behind the short-lived Bookb ...

Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan.The sidewalk robot deliveries are set to start by the end of March in a select area of Tokyo, according to the companies. Uber Eats said Japan will be the first international site of its autonomous delivery operations, which have so far been limited to a few cities in the United States.Cartken was founded in Oakland, Cal ...

Investors and analysts alike have been getting into Uber Technologies (UBER -2.37%) lately, and I'm not talking about hiring the ride-hailing leader for journeys. In the space of one week the company delivered a very strong earnings report and launched its first-ever share buyback program.There's a lot of optimism barreling down the road with Uber now, but it's still to be seen whether there's more share price appreciation left in the stock's tank.A 16% price target boostJust after the second of those two e ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

On Valentine’s Day, Uber (NYSE: UBER) gifted its shareholders with the announcement of the company’s first-ever stock buyback program. The news was, judging by the initial reaction on the stock market, well received and saw the firm surge 14.73% in a single trading day on February 14.While some of the momentum has been lost since – Uber closed 3.66% in the red on Friday, February 16, and is, by press time, down another 0.37% in the extended session – the company’s performance in recent months remains strong ...