A US appeals court on Monday rejected a bid by Uber, opening a new tab and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less expensive. An 11-judge panel of the 9th US Circuit Court of Appeals in San Francisco upheld a lower court ruling that said Uber failed to show that the 2020 state law known as AB5 unfairly singled out app-based transportation companies while exempting ot ...

The S&P 500 has advanced 14% in 2024. The index's strong start to the year means it has become increasingly difficult to find reasonably priced stocks. But certain Wall Street analysts see Uber Technologies (UBER 1.19%) and Roku (ROKU 0.35%) as undervalued. Spoiler alert: Both price targets seem overly ambitious, but Uber and Roku still warrant consideration. Here's what investors should know. Uber breaks its business into three segments: (1) Its mobility platform connects users with ridesharing services an ...

Uber drivers in the Big Apple are fuming over the move, saying their income has dropped by as much as 50%, according to Bloomberg News. 4 Uber has been locking out drivers in order to avoid paying a city-mandated minimum wage, according to a report. Christopher Sadowski According to the TLC, Uber and Lyft are on the hook for what it calls a "minimum per-trip payment formula" which takes into account "drivers' total working time" — encompassing "time spent driving passengers as well as time waiting for a dis ...

The deal gives Aurora access to shipping customers as it prepares to launch its fully driverless commercial service later this year. It also helps Aurora also secure longer-term customers through Uber Freight's network by going to where those customers already are. Uber Freight today manages around $18 billion worth of commercial freight for its shipping customers. Over the years, Uber has made a handful of bets into transportation, including autonomous vehicles via its selfdriving unit Uber ATG. Despite se ...

Uber has reportedly been locking out drivers from its app during periods of low demand over the past month in response to New York City's minimum pay rule. Lyft is threatening to adopt the same strategy, Bloomberg reported Monday (June 24). Uber said that the lockouts are necessary to limit non-passenger time, per the report. Both Uber and Lyft have blamed each other and the TLC for the lockouts in their communications with drivers, the report said. Uber has encouraged its drivers to lobby regulators for a ...

Specifically, with this recent sale, which happened on June 17, 2024, Khosrowshahi has reduced the number of UBER shares he holds to around 1.3 million, or to a percentage of 0.0606% of the total Uber stock, as per a detailed analysis of this insider trade. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|-------|-------|-------|--------------------|---------------------------------|------------------------|-----------|---------------------|--------- ...

In a customer-friendly move, Uber Technologies (UBER) inked a deal with St. Louis-based Save A Lot, one of the largest discount grocers in the United States. Following the partnership, some selected Save A Lot grocery stores will be available through the Uber Eats app. Uber Eats is the online food ordering and delivery platform of UBER. With UBER and Save A Lot joining forces, more than 150 of Save A Lot's 600-plus independently owned grocery locations are offering Uber Eats as a delivery method. Another be ...

Save A Lot shoppers can now leverage Health Benefits to shop on the Uber Eats and Postmates apps as more stores join the Uber marketplace this summer Over 150 Save A Lot stores will kick off the partnership that allows Save A Lot Retail Partners to add ondemand and scheduled delivery from the Uber Eats app. In addition, Save A Lot shoppers will also be able to use their Health Benefit cards to purchase thousands of items via Uber Eats. Health Benefit cards offer a convenient way for eligible individuals to ...

Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi's latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital arm of Volvo. "A system like this has astounding abilities to generalize and handle the unknown, is more efficient to train, and its safety can be mathematically validated and verified," said Waabi founder & CEO ...

Building on the success of its previous collaboration with Uber in the UK, the recent launch of Uber Train across Spain continues to redefine the landscape of multi-modal travel through a convenient door-to-door experience. Powered by Omio's unique API, Uber's Spanish customers now have access to an extensive inventory of rail routes, including Eurostar, further solidifying Uber's position as a one-stop shop for travel solutions. "A very exciting announcement from Omio, which provides clear evidence that it ...