Uber Technologies (UBER) , which provides ride-hailing, food delivery and freight (leasing vehicles to third parties) services through its Mobility, Delivery and Freight segments, respectively, continues to exhibit strong fundamentals that suggest potential for long-term growth, driven by its constant efforts to expand its network. The company has seen its shares rise 13% year to date, outpacing the industry's 6.1% growth. UBER shares have performed way better than rival Lyft's (LYFT) shares. However, Uber, ...

In May 2019, Uber raised $8.1 billion in its IPO by selling 180 million shares at $45 each. The company pursued a growth-at-any-cost strategy, focusing on expansion rather than profitability. This business model came under scrutiny when Uber reported a $5 billion loss for Q2 2019 and a slowdown in revenue growth. Soon after the IPO, Uber was accused of bypassing regulations and overlooking passenger and driver safety in some markets. By October 2019, just five months after its debut, the company had lost a ...

It has been about a month since the last earnings report for Uber Technologies (UBER) . Shares have added about 9.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Uber due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. UBER Q2 Earnings Tops Estimates Uber reported s ...

Uber customers throughout the U.S., Canada, France, the United Kingdom, and Australia will soon be able to rent from Turo's expansive selection of vehicles directly through the Uber platform SAN FRANCISCO, Sept. 5, 2024 /PRNewswire/ -- Uber Technologies, Inc. (NYSE: UBER) and Turo, Inc. the world's largest peer-to-peer car sharing marketplace, today announced a multi-year partnership which will enable Uber customers to rent from Turo's wide- ranging selection of vehicles directly from the Uber app across ke ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Is public transit ready for a gig economy-style shake up? A group of researchers at Concordia believes that the ride-share model made popular by companies like Uber and Lyft might be a useful, innovative and savings-based approach for suburban commuters as they trudge to work. In a paper publishe ...

After seeing double-digit growth in South Korea, Uber Technologies has announced a strategic plan to double down in the country — directly challenging market leader Kakao Mobility, the ride-hailing unit majority-owned South Korean messaging and tech giant Kakao. Uber chief executive officer Dara Khosrowshahi outlined the plans in a press conference in Seoul, where he also kicked off a campaign to grow the company's pool of drivers in the country. That will need to be a major effort. Currently Korea's rideha ...

LONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology. As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. The investment is an extension of Wayve's $1 billion Series C funding round announced earlier this year, which was led by Japanese tech investor SoftBank. U.S. chipmaker Nvidia and software giant Microsoft a ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data. The fine from the Dutch Data Protection Authority (DPA) stems from an investigation that found that the ridehailing/delivery giant transferred personal data of its drivers to the United States while failing to protect that data, according to a Monday (Aug. 26) press release. This violates Europe's General Data Protection Regulation (GDPR), and Uber has since ended the violation, the release said. "In ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Uber was hit by the huge fine following a complaint from 170 French drivers. The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers. The regulator said the transfers were a "serious violation" of t ...