Ride-hailing platform Uber has been fined €290 million — around $324 million at current exchanges rates — by the Netherlands' privacy watchdog for breaching the European Union's General Data Protection Regulation (GDPR). The penalty is related to transfers of personal data of drivers out of the European Union to the US, where Uber's main business is located. The GDPR allows for fines of up to 4% of global annual turnover to be levied for noncompliance. Uber's full year revenue for 2023 was around €34.5 bill ...

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 Technologies and General Motors' Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The Thursday announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident in which a pedestrian in San Francisco was dragged 20 feet by a driverless Cruise vehicle after she was first struck by a human driver in another car. ...

Cruise, General Motors' self-driving subsidiary, said it has signed a multi-year partnership with ride-hailing giant Uber to bring its robotaxis to the ride-hailing platform in 2025. Cruise didn't say when exactly customers would see its vehicles on Uber's platform, but a spokesperson told TechCrunch that this partnership will follow the re-launch of Cruise's own driverless service. The announcement provides another indicator that Cruise is preparing to reintroduce its robotaxis to public roads after one st ...

Macro factors currently driving the economy, such as the relatively high interest rates, continued strength in labor markets, supply chain issues (though minimal right now and in pockets) and so forth have a varied impact on players in the extremely diverse Internet – Services industry. However, the outlook for the industry is positively correlated with a stronger economy. Additionally, since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to expand capaci ...

Uber Technologies, Inc. (UBER) recently announced the appointment of Rebecca Tinucci, Tesla, Inc.'s (TSLA) former head of charging, effective Sep 16, 2024. Per a reuters report, Tinucci will be joining as Uber's global head of sustainability to help manage the company's transition to a zero-emission platform. She will be reporting to Andrew Macdonald, head of Uber's mobility business. In her new role, Tinucci will supervise Uber's transition to a zero-emission platform. Notably, Uber is aiming to completely ...

Autonomous vehicles have the potential to transform Uber's economics and send its stock soaring. Self-driving cars are no longer science fiction. Numerous start-ups and established tech companies have developed autonomous platforms to transform the way we travel, and it's an industry with significant financial potential over the long term. Uber Technologies (UBER -1.17%) could be one of the biggest beneficiaries of the shift to autonomous driving. It operates the largest ride-hailing network in the world, s ...

Uber's CEO just expressed some major doubts about Tesla's robotaxi. One of the key themes surrounding the future of mobility is self-driving vehicles. Autonomous driving is a form of artificial intelligence (AI), and ride-hailing platform Uber Technologies (UBER 2.97%) and electric vehicle (EV) pioneer Tesla (TSLA 3.05%) are both investing heavily into this technology. Interestingly, though, Uber CEO Dara Khosrowshahi and Tesla CEO Elon Musk have very different visions of how autonomous driving will be adop ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Score ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Uber Technologies (UBER) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Uber currently has an average br ...