Ride-share giant Uber filed a lawsuit Friday against DoorDash, accusing the delivery outfit of stifling competition by intimidating restaurant owners into exclusive deals.Uber alleges in the lawsuit, filed in Superior Court of California, that its chief rival bullied restaurants into only working with DoorDash. Uber claims that DoorDash, which holds the largest share of the food delivery market in the U.S., threatens restaurants with multimillion-dollar penalties or the removal or demotion of the businesses ...

Washington, D.C. 20549 ____________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K ____________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-38902 _________________________ ...

Core Insights - Uber's CEO expresses optimism about collaborating with Tesla on robotaxi services, emphasizing the potential for revenue generation through partnerships rather than competition [1][9] - Khosrowshahi acknowledges Tesla's extraordinary capabilities but believes that economic principles apply equally to all automotive companies, including Tesla [2][4] - The CEO draws parallels between the ride-sharing and food delivery industries, suggesting that maximizing revenue from assets is a common goal [4][5] Company Perspectives - Khosrowshahi highlights that Tesla's vehicles could generate additional revenue by being part of the Uber network, which would enhance overall profitability [3][9] - The CEO indicates that Uber is open to various forms of collaboration with Tesla, whether through direct partnerships or competition [7][9] - Khosrowshahi has previously shown interest in partnerships with Tesla and other self-driving vehicle manufacturers, indicating a strategic approach to market dynamics [6] Industry Context - The launch of Tesla's robotaxi service is anticipated in Austin, Texas, with regulatory challenges being a significant factor in its rollout [2][8] - Musk's vision includes having unsupervised full-self-driving vehicles operational in most countries by the end of 2026, contingent on regulatory approvals [9][10] - The competitive landscape is characterized by a belief that it will not be a winner-take-all scenario, suggesting a collaborative spirit among industry players [7]

Core Insights - Hedge fund manager Bill Ackman has disclosed a position in Uber Technologies, indicating a strategic investment in a leading brand with growth potential at a reasonable valuation [1][2] - The investment may reflect a strategy similar to Ackman's past success with Wendy's and its subsidiary Tim Hortons, where he identified hidden value within a larger business [3][7] Company Analysis - Uber is not just a ride-hailing platform; it has expanded into delivery services for food, alcohol, and consumer goods, indicating a broader market presence [8] - Uber holds significant stakes in other businesses, including Grab Holdings, which operates in delivery, mobility, and financial services across Southeast Asia [9] - Grab has shown notable improvements, with a 39% increase in share price over the past year, contrasting with Uber's 8% gain, suggesting that Uber's stake in Grab may be undervalued [11][12] Strategic Implications - The market may not be recognizing the value of Uber's equity stakes in other businesses, which could be seen as mispriced assets, similar to the hidden value identified in the Wendy's-Tim Hortons case [13] - There is potential for Uber's management to consider exiting its position in Grab, which could provide capital for reinvestment into growth areas, particularly in autonomous driving partnerships [14]

Bill Ackman is the founder and CEO of Pershing Square, a hedge fund with around $12.9 billion in assets under management. That includes billions of dollars invested in popular stocks like Alphabet, Nike, and Chipotle Mexican Grill.On Friday, Feb. 7, Ackman took to social media platform X (formerly Twitter) to reveal that Pershing Square has accumulated 30.3 million shares in Uber Technologies (UBER 3.12%), which operates the world's largest ride-hailing platform. Based on Uber's stock price of $74.60 at the ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in UBER over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking ...

Core Viewpoint - Hedge fund manager Bill Ackman has acquired a $2.3 billion stake in Uber, indicating strong confidence in the company's long-term potential [1] Group 1: Investment Details - Ackman's investment in Uber is characterized as a significant and concentrated bet, reflecting his strategy as a long-term investor [1] Group 2: Market Context - The announcement of Ackman's stake comes at a time when Uber is navigating various market challenges and opportunities, suggesting that he sees potential for growth [1]

Hedge fund manager Bill Ackman took to social media to reveal the newest position in his portfolio.On Friday, Feb. 7, hedge fund manager Bill Ackman took to social media platform X (formerly Twitter) to reveal his firm's newest stock position. This is quite unusual, as investors typically need to wait until institutional investors publish a Form 13F following the end of a quarter to see which stocks they recently bought and sold.Below, I'm going to analyze Ackman's latest position and make the case for why ...

Uber Technologies (UBER -2.14%) recently reported mixed financial results for the fourth quarter of 2024. Revenue of just under $12 billion came in ahead of Wall Street expectations. But adjusted earnings per share of $0.23 were well below. Nonetheless, shares have been a major winner for investors -- up 125% just in the past 24 months. You're probably wondering if it's time to take a ride with Uber. Could this transportation-as-a-service stock be your ticket to becoming a millionaire by 2035?Well positione ...

Billionaire hedge fund manager Bill Ackman recently revealed his latest multibillion-dollar investment: mobility technology leader Uber (UBER -2.14%). According to a social media post by Ackman, Pershing Square Capital Management (the hedge fund he oversees) owns 30.3 million shares of the company.At Uber's current share price, Ackman's investment is worth roughly $2.4 billion, which is one of the largest investments Pershing has ever made.In the same post announcing the investment, Ackman wrote, "[W]e beli ...