KEY TAKEAWAYSUber Technologies reportedly will pay $272 million Australian dollars ($178 million) to settle a class-action lawsuit brought by thousands of Australian taxi drivers.The Australian lawsuit, filed in 2019, was on behalf of more than 8,000 taxi and hire-car owners and drivers who alleged they lost income when Uber entered the market.Uber declined to comment on specifics of the settlement until the agreement is finalized. Uber Technologies Inc. (UBER) reportedly will pay $272 million Australian do ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Uber Technologies (UBER) .Uber currently has an average brokerage recommen ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said. Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said Monday after settling a grueling legal battle. More than 8,000 ta ...

Uber CEO Khosrowshahi reveals the three goals at the top of his to-do list Sustainability, affordability and challenging Amazon are at the top of the list, Khosrowshahi explains at SXSWUber’s future will be greener, more affordable, and able to challenge Amazon at its own rapid delivery game, CEO Dara Khosrowshahi predicted while on stage this week at SXSW.His vision, which he charted out during an interview with city of Austin Mayor Kirk Watson, isn’t entirely new. The company made a commitment in 2020 tha ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Oscar-nominated actors like Cillian Murphy and Carey Mulligan might be the headline-grabbing stars you'll hear mentioned everywhere ahead of this Sunday's ceremony.Lesser known are the names of the "uber geniuses" who've made audiences sit-up and listen in what's been a stand-out year for sound in film. Image: Cillian Murphy in Oppenheimer. Pic: Universal Pictures From the small matter of recreating the noise of an atomic bomb going off for Oppenheimer, to the subtle but menacing churning of the concentr ...

A month has gone by since the last earnings report for Uber Technologies (UBER) . Shares have added about 10.9% in that time frame, outperforming 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 catalysts. Earnings Beat Uber in Q4Uber reported fourth-quarte ...

Shares of ride-hailing and delivery giant Uber Technologies (UBER 0.98%) rallied 21.8% in February, according to data from S&P Global Market Intelligence.Uber had a busy month, holding its fourth-quarter earnings report on Feb. 7, then holding its broader investor day on Feb. 14.Investors were definitely feeling the love on Valentine's Day, with the stock jumping on management's aggressive three-year growth targets, along with the announcement of the company's first-ever buyback program. Solid earnings and ...

If you've held Uber Technologies (UBER -0.57%) shares for any meaningful length of time since the beginning of last year, congratulations! You've almost certainly made good money on your trade. Uber stock is up more than 200% since the end of 2022. As you might imagine, however, the big run-up looks like it's running out of steam. A handful of investors even seem to be anticipating a profit-taking pullback.That doesn't mean you've missed out on the advent of ride-hailing, though. You'll just want to plug in ...

Uber Technologies, Inc. (NYSE:UBER) Morgan Stanley Technology, Media & Telecom Conference Call March 7, 2024 3:35 PM ET Company Participants Dara Khosrowshahi - Chief Executive Officer Conference Call Participants Brian Nowak - Morgan Stanley Brian Nowak Alright. Good afternoon, everyone. We are thrilled to have our next conversation with Dara from Uber. Before we get started, Dara, I have to read the important disclosures, including all the personal holdings disclosures and Morgan Stanley disclosures all a ...