Another strong quarterly report for this business demonstrates solid demand. The internet has changed how people can work and earn money. And perhaps no other business exemplifies the rise of this so-called gig economy quite like Uber (UBER -0.57%) does. This tech-forward ride-hailing and delivery outfit has become a massive $138 billion business in 15 years. But it hasn't been a smooth journey. Shares are down 20% from their all-time high (as of May 15), a milestone achieved in February this year. Is there ...

As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform. On Wednesday (May 17) the mobility and delivery company announced a range of new features at its GO-GET 2024 event, including its Uber Eats Lists feature, which enables users to share curated recommendation lists with people within their social network and beyond. "At Uber Eats, we're obsessed with food. And we know that food has the pow ...

Costco Wholesale Corporation (NASDAQ: COST) is trading at an all-time high after Uber Eats teamed up with the retail behemoth on Thursday. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Details of Costco-Uber partnership Copy link to section Users can now have groceries and other merchandise delivered from Costco via Uber Eats. Members of the wholesale club will get better pricing as well as a 20% discount on Uber One. $COST is now trading at a forw ...

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The impending acquisition of Foodpanda in Taiwan could signal the beginning of a consolidation phase for the industry leader. Uber's (UBER 1.99%) latest move to bolster its food delivery business is getting positive attention from Wall Street. The titan of ridesharing and delivery services recently announced an agreement to acquire Delivery Hero's Foodpanda delivery service in Taiwan for $950 million in cash plus a $300 million equity investment in Delivery Hero. Uber Eats already has a strong presence in T ...

Uber is broadening its portfolio of services at a time when the economy is still tough on consumers, with the launch of a new shuttle service for travelers headed to the airport, concert or game. "Uber Shuttle is our answer to providing an easy, affordable, and convenient way to get around. As a truly global solution, it looks different in different places," Uber Shuttle General Manager Anthony le Roux said, adding that the service has already been launched in Egypt and India. This move comes as Uber has ac ...

Uber is taking a shuttle product it developed for commuters in India and Egypt and converting it for an American audience. The ride-hail and delivery giant announced Wednesday at its annual Go-Get event in New York City it will launch a shuttle service in certain U.S. cities this summer. The service will eventually cater to events like concerts and sports games, as well as airport pickups and drop offs. Uber Shuttle in the U.S. will repurpose the technology and business model that Uber has built to help com ...

*Stock prices used were end-of-day prices of April 11, 2024. The video was published on May 13, 2024. The ridesharing stock is up, but its value is now questionable. Uber (UBER 0.24%) is now a solidly profitable company, but is the stock cheap enough to own? Travis Hoium answers that question in the video below. ...

Uber Technologies (UBER) reached an agreement with Delivery Hero, a Germany-based firm, for taking over the latter's foodpanda business in Taiwan for $950 million in cash. The deal to acquire foodpanda Taiwan is expected to close in the first half of 2025 subject to regulatory approval and other customary closing conditions. Until then, Delivery Hero will continue to operate its foodpanda business. The deal is one of the largest-ever international acquisitions in Taiwan. Separately, the companies agreed on ...

Foodpanda is one of the largest online food and grocery delivery platforms in Asia with a presence in markets including Singapore, Malaysia, Thailand, The Philippines and Hong Kong. In 2016, Germany's Delivery Hero acquired the company. TAIPEI, TAIWAN - 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Uber Technologies will acquire the Taiwan ...