In Brief The Federal Trade Commission is investigating Uber over whether it broke consumer protection laws by allegedly automatically signing people up for its Uber One subscription service and making it hard to cancel, according to Bloomberg News.The investigation was opened earlier this year after the FTC received customer complaints. Uber told Bloomberg that its cancellation process “follows both the letter and the spirit of the law” and claimed customers can cancel in 20 seconds or less. The FTC has be ...

David Tepper's Appaloosa Management continues piling into Lyft as the company stages a comeback for the ages.David Tepper is a billionaire hedge fund manager known for founding the Miami-based investment firm Appaloosa Management. Back in September, he sat down for an interview with CNBC during which he expressed an outsized bullish stance on investing in China. Naturally, his comments led many investors to speculate which Chinese stocks the acclaimed investor may like.Well, thanks to 13F filings, investors ...

In Brief Uber is expanding its fleet of gig workers and creating a new category: AI annotation and data labeling.The ride-hailing company has started hiring contractors for a new AI and data labeling division called Scaled Solutions. These workers complete projects for Uber’s internal business units but are also serving outside customers including self-driving vehicle company Aurora Innovation and video game developer Niantic, according to reporting from Bloomberg. Uber has started recruiting contractors i ...

For Immediate ReleasesChicago, IL – November 26, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Costco Wholesale Corp. (COST) , T-Mobile US, Inc. (TMUS) , Uber Technologies, Inc. (UBER) , SandRidge Energy, Inc. (SD) and Elite Pharmaceuticals, Inc. (ELTP) .Here are highlights from Tuesday’s Analyst B ...

Uber's (NYSE: UBER ) mobility (ridesharing) business generated $6.41 billion and represented 57.3% of their total revenue (of $11.19 billion) in the most recent quarter, Q3 2024. This segment has compounded at 17.2% CAGR since Q3 2019 and, after the marked drop in 2020/21 due to Covid, hasI have been investing in the stock market since I was 17 years old, and over the 25+ years since I have learned the joy of compounding, the value of dividend reinvesting, and the principle that patient investing through go ...

After a difficult start to life as a public company that saw it trade with a negative return for virtually four years, Uber Technologies (NYSE: UBER ) finally sprung to life starting H2 of 2023. The lull in theI'm an individual investor who looks for opportunities primarily in unloved stocks. For the past 10 years, I've invested in stocks in the US as well as abroad in unloved markets like the Middle-East and Africa. Thomas Phelps' 100-1 and Philip Phisher are huge inspirations to my investing approach. I'l ...

When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest.The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai’s initial public offering (IPO), which is expected to be priced next week, Bloomberg News reported Thursday (Nov. 21), citing sources familiar with the matter.One source told the news outlet that Uber may also consider using China-based Pony.ai’s technology in a project outside of the U.S.PYMNTS has contacted both compan ...

Uber Technologies (UBER) has been beaten down lately with too much selling pressure. While the stock has lost 12.8% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Needham analyst Chris Pierce initiated coverage on Joby Aviation, Inc. JOBY at a Buy rating with a price target of $8.The analyst says the company is well-positioned to capture early air taxi market share, supported by its partnership with Uber following the 2020 acquisition of Uber Elevate.JOBY’s focus on software, particularly the ElevateOS platform, is encouraging as it lays the foundation for their future air taxi network, adds the analyst.Pierce says that he is optimistic about FAA air taxi regulation ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...