ToplineRide-hailing giant Uber plans to cut more than 150 employees as part of its decision to shut down its alcohol delivery service, Drizly—the Boston-based marketplace that exploded in popularity during the Covid-19 pandemic—and folds it Uber Eats.Uber said it will cut 168 positions and shut down its Drizly operation.Getty Images Key FactsUber’s layoffs will affect 168 employees in Boston, starting April 1 through September 1, according to a Massachusetts state filing—Uber’s second round of layoffs in le ...

Uber Technologies (UBER) is set to report earnings on Wednesday before the opening bell, and the options market is pricing in a 7.5% move in either direction.X Today, we're looking at selling a cash secured put to take advantage of the high implied volatility around the earnings announcement.Last week's similar trade on Amazon.com (AMZN) worked a treat and hopefully this one will, too.A cash-secured put involves selling an at-the-money or out-of-the-money put option and simultaneously setting aside enough c ...

Analysts on Wall Street project that Uber Technologies (UBER) will announce quarterly earnings of $0.15 per share in its forthcoming report, representing a decline of 48.3% year over year. Revenues are projected to reach $9.75 billion, increasing 13.2% from the same quarter last year.The current level reflects a downward revision of 1.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial proje ...

The market expects Uber Technologies (UBER) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key num ...

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: Dutch regulators said Uber failed to specify how long it retains its drivers' personal data. Dutch regulators said Wednesday they are imposing a 10 million euro ($10.8 million) fine on ride-hailing app Uber for lack of transparency in how it treats the personal data of its drivers. The Dutch Data Protection Authority said it i ...

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Uber Technologies (UBER) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this ride-hailing company have returned +6.4%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Internet - Services industry, which Uber falls in, has gained 6.9%. The key question now is: What could be the stock's future direction?Although ...

In 2023, ride-hailing platform Uber (NYSE: UBER) experienced a significant milestone as its stock price more than doubled. This surge was propelled by various factors during the post-pandemic recovery, driven by increased investor confidence.The company’s strategic expansion into new markets and introducing new product lines also played a pivotal role in solidifying its position in the ride-hailing sector.The stock has reached a new record high, and investors are closely monitoring whether it can reach the ...

In the latest trading session, Uber Technologies (UBER) closed at $64.32, marking a -0.36% move from the previous day. This change lagged the S&P 500's 0.29% gain on the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.43%.The the stock of ride-hailing company has risen by 4.6% in the past month, leading the Computer and Technology sector's gain of 3.67% and the S&P 500's gain of 2.08%.The investment community will be closely monitoring the perform ...

andresr Uber Technologies (NYSE:UBER) has demonstrated significant gross booking and revenue growth in the past. Their focus on operational efficiencies and expense management has helped improve the take rate and operating margin. I am initiating coverage with a 'Buy' rating and a fair value of $90 per share. Multiple Years Growth in Mobility Business As illustrated in the table below, Uber's mobility business has exhibited robust booking growth and adjusted EBITDA growth over the past few years. Uber 10Ks ...