Uber has signed a memorandum of understanding with an Indian government-backed firm that aims to make mobility and commerce more accessible across the South Asian nation.The ride-hailing giant said Thursday that it will explore an integration with Open Network for Digital Commerce (ONDC) to explore integrations with the network and expand range of its mobility offerings on the Uber app. At an event in Bengaluru, Uber chief executive Dara Khosrowshahi said Uber “views open source tech stacks with a lot of in ...

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the 2024 Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 6. Mr. Khosrowshahi is scheduled to appear at 12:35pm PT (3:35pm ET). An audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com. About Uber Uber’s mission is to create opportunity through movement. We star ...

Uber, along with partners Mitsubishi Electric and autonomous robotics startup Cartken, are launching a service in Japan that will use self-driving sidewalk robots to deliver food to customers.The companies announced that the service offered through the Uber Eats app will launch in a select part of Tokyo by the end of March. An Uber spokesperson said operating hours would be disclosed closer to the launch date.Uber and Cartken, a startup founded in 2019 by former Google engineers behind the short-lived Bookb ...

Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan.The sidewalk robot deliveries are set to start by the end of March in a select area of Tokyo, according to the companies. Uber Eats said Japan will be the first international site of its autonomous delivery operations, which have so far been limited to a few cities in the United States.Cartken was founded in Oakland, Cal ...

Investors and analysts alike have been getting into Uber Technologies (UBER -2.37%) lately, and I'm not talking about hiring the ride-hailing leader for journeys. In the space of one week the company delivered a very strong earnings report and launched its first-ever share buyback program.There's a lot of optimism barreling down the road with Uber now, but it's still to be seen whether there's more share price appreciation left in the stock's tank.A 16% price target boostJust after the second of those two e ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

On Valentine’s Day, Uber (NYSE: UBER) gifted its shareholders with the announcement of the company’s first-ever stock buyback program. The news was, judging by the initial reaction on the stock market, well received and saw the firm surge 14.73% in a single trading day on February 14.While some of the momentum has been lost since – Uber closed 3.66% in the red on Friday, February 16, and is, by press time, down another 0.37% in the extended session – the company’s performance in recent months remains strong ...

Uber (UBER -3.66%) gave investors a lot to cheer about when it reported its fourth-quarter financials. Revenue increased 15% year over year to $9.9 billion, while the company generated $1.4 billion in net income during those three months. Both of these headline figures crushed Wall Street consensus analyst estimates.In the last 12 months, shares of Uber have soared 102% (as of Feb. 12). And they recently hit a fresh all-time high.Before you rush to buy this transportation-as-a-service stock in the hope of r ...

Hiroshi Watanabe I think Uber's (NYSE:UBER) premium valuation at the moment could be tolerable over the long term, based on the considerable upside expected from high profitability growth driven by Uber's autonomous vehicle plans. I think Uber could be one of the best companies to own over the next decade for exposure to AI transport. However, the short term could see negative returns if the shares are bought at this time. Essential Operating Segments Operational since 2009, Uber now has three core segm ...

This was quite a fine week to be an owner of Uber Technologies (UBER 2.83%) stock. On the back of a solid quarterly earnings report, the company announced the first share repurchase program in the company's history. This proved to be irresistible for many investors, and they pushed the stock's price up by almost 15% week to date as of late Thursday night, according to data from S&P Global Market Intelligence.Following up on an impressive quarterOn Valentine's Day, Uber won plenty of love from the market wit ...