Hailed as one of the biggest success stories in tech, Uber (NYSE: UBER) has had an interesting year. Uber stock experienced significant volatility in 2024 — at the beginning of the year, prices shot up from $57 to $81 in mid-February, before entering a gradual decline to $63.97Following this, Uber shares reached a yearly low of $58.48 in early August. However, prices rebounded following a standout earnings quarter, which saw a beat in terms of both revenue and earnings per share (EPS), as well as Uber’s adv ...

Uber Technologies, Inc. (NYSE:UBER) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 4:20 PM ET Company Participants Prashanth Mahendra-Rajah - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler All right. We're going to get started. Thanks for everybody joining this meeting. My name is Ross Sandler. I'm in charge of Internet Research here at Barclays in the US. Super excited to have Prashanth from Uber. This isn't Prashanth's first time at the ...

Uber Technologies, Inc. (NYSE:UBER) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 4:20 PM ET Company Participants Prashanth Mahendra-Rajah - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Ross Sandler All right. We're going to get started. Thanks for everybody joining this meeting. My name is Ross Sandler. I'm in charge of Internet Research here at Barclays in the US. Super excited to have Prashanth from Uber. This isn't Prashanth's first time at the ...

Uber reportedly told New York City’s taxi regulator that proposed changes to commercial auto insurance requirements may leave drivers unable to insure their vehicles.The company submitted written comments ahead of the Taxi and Limousine Commission’s public hearing Wednesday (Dec. 11), Bloomberg reported Wednesday.The TLC’s proposed changes, which apply to rideshare cars as well as yellow cabs, would require TLC-licensed vehicles to be covered by an insurance policy issued by a “solvent and responsible compa ...

Uber Technologies, Inc. (NYSE: UBER ) has delivered handsome returns since my investment in the company in early 2020. The company has faced several roadblocks along the way, including regulatory challenges in the UK and U.S., disputes with drivers, and competitiveDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seekin ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Ride-hail giant Uber and Chinese autonomous vehicle technology company WeRide have launched a commercial robotaxi service in Abu Dhabi. The launch marks Uber's first international autonomous vehicle offering. Uber has been snatching up partnerships with autonomous vehicle companies across sectors, including ride-hail, delivery, and trucking. Other partners include Wayve, Serve Robotics, Aurora Innovation, Waabi, and others. Still, investors are wary that incumbents like Uber won't be able to compete with th ...

Key Takeaways Google's Waymo said it would train its self-driving taxis on Miami streets in 2025 as it prepares to offer service to customers in 2026. Shares of ride-hailing providers Uber and Lyft declined as investors considered the risks presented by driverless taxi services. The news comes as investors anticipate the expansion of self-driving technology, with Tesla also working to develop driverless, ride-hailing technology. Google said it is bringing its Waymo self-driving taxis to Miami, news that sen ...

Autonomous competition may be creeping. Shares of Uber Technologies (UBER -9.60%) fell 9.6% in today's trading. At first it may seem odd for Uber to be falling, as the company didn't make any major announcements today. However, a possible future competitor did, with big potential long-term implications. Waymo is coming to Miami On Thursday, autonomous ride-hailing company Waymo, which is majority owned by Alphabet (GOOG -1.01%) (GOOGL -0.99%) , announced it would be expanding to Miami in 2025, with the goal ...

Uber has 30 days to require certain drivers to get fingerprinted if the ride-hail giant intends to continue transporting unaccompanied teens in California. The California Public Utilities Commission issued a ruling Thursday that requires taxi and ride-hail drivers who are carrying unaccompanied minors in the state to pass a fingerprint background check. The ruling also requires transport companies to pay for the cost of those background checks. Uber has a history of fighting back against fingerprint-based b ...