The impending acquisition of Foodpanda in Taiwan could signal the beginning of a consolidation phase for the industry leader. Uber's (UBER 1.99%) latest move to bolster its food delivery business is getting positive attention from Wall Street. The titan of ridesharing and delivery services recently announced an agreement to acquire Delivery Hero's Foodpanda delivery service in Taiwan for $950 million in cash plus a $300 million equity investment in Delivery Hero. Uber Eats already has a strong presence in T ...

Uber is broadening its portfolio of services at a time when the economy is still tough on consumers, with the launch of a new shuttle service for travelers headed to the airport, concert or game. "Uber Shuttle is our answer to providing an easy, affordable, and convenient way to get around. As a truly global solution, it looks different in different places," Uber Shuttle General Manager Anthony le Roux said, adding that the service has already been launched in Egypt and India. This move comes as Uber has ac ...

Uber is taking a shuttle product it developed for commuters in India and Egypt and converting it for an American audience. The ride-hail and delivery giant announced Wednesday at its annual Go-Get event in New York City it will launch a shuttle service in certain U.S. cities this summer. The service will eventually cater to events like concerts and sports games, as well as airport pickups and drop offs. Uber Shuttle in the U.S. will repurpose the technology and business model that Uber has built to help com ...

*Stock prices used were end-of-day prices of April 11, 2024. The video was published on May 13, 2024. The ridesharing stock is up, but its value is now questionable. Uber (UBER 0.24%) is now a solidly profitable company, but is the stock cheap enough to own? Travis Hoium answers that question in the video below. ...

Uber Technologies (UBER) reached an agreement with Delivery Hero, a Germany-based firm, for taking over the latter's foodpanda business in Taiwan for $950 million in cash. The deal to acquire foodpanda Taiwan is expected to close in the first half of 2025 subject to regulatory approval and other customary closing conditions. Until then, Delivery Hero will continue to operate its foodpanda business. The deal is one of the largest-ever international acquisitions in Taiwan. Separately, the companies agreed on ...

Foodpanda is one of the largest online food and grocery delivery platforms in Asia with a presence in markets including Singapore, Malaysia, Thailand, The Philippines and Hong Kong. In 2016, Germany's Delivery Hero acquired the company. TAIPEI, TAIWAN - 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Uber Technologies will acquire the Taiwan ...

We've also got a look at Toast's earnings report and how AI is pressuring Chegg. In this podcast: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. This video was recorded on May 8, 2024. Mary Long: Uber hits a speed bump. You're listening to Motley Fool Money. I'm Mary Long joined live from Colorado in our podcast studio today with the one, the on ...

Trends in UBER's Revenue from International Markets During the quarter, Asia Pacific contributed $1.19 billion in revenue, making up 11.8% of the total revenue. When compared to the consensus estimate of $1.37 billion, this meant a surprise of -12.73%. Looking back, Asia Pacific contributed $1.19 billion, or 11.9%, in the previous quarter, and $1.03 billion, or 11.7%, in the same quarter of the previous year. Of the total revenue, $710 million came from Latin America during the last fiscal quarter, accounti ...

Wall Street analysts expect significant gains from the ride-sharing giant despite recent disappointments.The latest round of quarterly earnings announcements has been full of ups and downs for the overall stock market. The S&P 500 index is down slightly since the end of March.One component of the S&P 500 has done more than its fair share to pull the benchmark index down. Uber Technologies (UBER -1.38%) has fallen about 12% since the end of March.Uber recently announced quarterly results that were less than ...

The ridesharing company continues to show tremendous profit potential.Shares of Uber Technologies (UBER 2.30%) dipped following its first-quarter earnings results. The company continued to show solid top- and bottom-line growth, but Jefferies analyst John Colantuoni attributed the stock's fall to a rare miss in mobility bookings.Uber's mobility bookings grew 26% year over year in the quarter, which was below expectations. However, Uber said this included a one-point headwind from de-consolidating the non-ri ...