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. Stack Capital is an investment holding company and its business objective is t ...

SAN FRANCISCO, June 13, 2024 (GLOBE NEWSWIRE) -- Uber for Business, Uber's enterprise arm, today announced it is now the exclusive rideshare solution for RedCap by Solera, a leading software company enhancing automotive service processes in dealerships nationwide. The new rideshare integration enables RedCap customers to arrange on-demand rides through Uber for Business. In addition to rideshare, RedCap customers can request parts deliveries via Uber Direct, Uber's on-demand local delivery solution. Uber is ...

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"While today the 9th Circuit decided to leave AB5 intact, Uber drivers and couriers remain independent as a result of Proposition 22, which preserves their flexibility while providing them with important new benefits," Uber said in a statement emailed to PYMNTS. "This decision does not change the status of the law in California in any way." In its ruling on AB5, the 9th Circuit said that transportation and delivery referral companies could be treated differently than other referral companies because the Cal ...

A month has gone by since the last earnings report for Uber Technologies (UBER) . Shares have added about 1.4% in that time frame, underperforming 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 Incurs Loss in Q1 Uber reported first-quarter ...

Hiroshi Watanabe Furthermore, I believe that Uber is well positioned to capitalize on the long-term autonomous driving trend with positive market dynamics surrounding the company. Uber benefits from its Moat in the ride-hauling industry driven by its market leading position, size and platform-based network effect. I expect that the stock is capable of returning >10% annual return to investors in the next 5 years. This expectation is based on financial projections using conservative revenue estimates well be ...

Albertsons Companies and Uber Technologies have expanded a program in which they donate and deliver surplus food to local nonprofit organizations and food banks. After being piloted in Washington, D.C., in 2023, the program has been expanded to Boston, Chicago and Denver, the companies said in a Tuesday (June 4) press release. "We are thrilled to partner with Uber to streamline the delivery of excess food to our partner food recovery organizations, ensuring that the food donated from our stores gets to thos ...

Jason Hawkes Investment thesis Uber (NYSE:UBER) reported 1Q24 earnings in early May, and I maintain my buy rating after the results. The investment thesis I proposed back in April is still at play, in spite of investors' disappointment in Uber this quarter. My positive outlook on Uber is based on my belief that the company has an advantage over the peer group through its diversified revenue across mobility and delivery, with the former offsetting declines in the latter and vice versa. This was reflected in ...

Loading... Loading... Over 10,500 black-cab drivers in London have initiated a £250 million lawsuit against Uber earlier this month. Amidst these legal challenges, Uber's financial performance remains volatile, with its stock price recently dropping 21% over two months. At the beginning of the month, over 10,500 London black-cab drivers launched a significant £250 million lawsuit against Uber Technologies Inc UBER. They accuse Uber of breaking taxi booking rules and misleading authorities to get its operati ...

I last covered Uber (NYSE:UBER) in February, and since then, the stock has lost 18.70% in price. I put out a Hold rating at the time, primarily a result of overvaluation concerns that I had, even though I believed its future autonomous transport offerings could be very strong. In this analysis, I deliver deeper research into how Uber's future autonomous taxi operations will likely be structured, given its present actions and future outlined intentions. It is my ongoing research and support for autonomous tr ...