The most recent trading session ended with Uber Technologies (UBER) standing at $63.12, reflecting a -0.83% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.56%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.59%.Prior to today's trading, shares of the ride-hailing company had gained 2.46% over the past month. This has outpaced the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 1.2% in that time.I ...

Macro factors currently driving the economy, such as inflation, rate hikes, supply chain issues (though minimal right now and in pockets), the relative strength in labor and so forth have a varied impact on players in the extremely diverse Internet – Services industry. Since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to expand capacity, a high interest rate just isn’t very positive for it. Nor is the impending recession, or at least slowdown, since th ...

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its fourth quarter 2023 financial results on Wednesday, February 7th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Investor Update Uber will also host a virtual Investor ...

For companies with super app ambitions, consolidation is a key strategy.Forging a seamless connection of experiences — even if they’re disparate experiences — demands some components be readily in place:A digital front door. A linking up of back-end systems, a matching of supply and demand, meeting digitally on a platform.After three years and $1.1 billion, news that Uber would shutter Drizly, its alcohol delivery service which had been operating independently within Uber’s operations, signals a bit of a sh ...

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 +2.4%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Services industry, which Uber falls in, has gained 6.7%. The key question now is: What could be the stock's future direction?Although ...

Uber is shutting down its alcohol delivery app Drizly just three years after buying it for $1.1 billion.The service boomed during the pandemic, seeing 300% year-over-year growth at the time San Francisco-based Uber inked the multibillion-dollar deal with Drizly in 2021, agreeing to operate it as a standalone app and within the Uber Eats interface to deliver beer, wine and booze to customers’ doorsteps in more than 1,400 cities. However, the app is now taking last calls, with plans to shutter come March 202 ...

Uber is shutting down alcohol delivery service Drizly, three years after the cab-hailing company acquired it for $1.1 billion. Drizly ran independently all this time, and Uber eventually decided to close it, as first reported by Axios.At the time of the acquisition Uber planned to integrate Drizly into Uber Eats, but never came around to do it. The company said that the Drizly brand will be discontinued by March 2024.“After three years of Drizly operating independently within the Uber family, we’ve decided ...

Uber is reportedly closing down its alcohol delivery business, Drizly.The move comes three years after Uber bought Drizly for $1.1 billion, Axios reported Monday (Jan. 15), citing Uber’s senior vice president of delivery, Pierre-Dimitri Gore-Coty.“After three years of Drizly operating independently within the Uber family, we’ve decided to close the business and focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app,” Gore-Coty ...

CNN  —  Uber is shutting down its alcohol delivery app, Drizly, just three years after acquiring it for $1.1 billion. Buoyed by the pandemic-era at-home delivery boom, Drizly had grown to become the largest online marketplace for alcohol in North America, but it will officially shut down at the end of March 2024, according to Uber. The alcohol delivery service operated as a standalone app, and its marketplace was to be integrated into Uber’s delivery app, Uber Eats. In a statement, Pierre Dimitri ...

andresr In previous articles, we have been quite bullish on Uber (NYSE:UBER), the American technology firm that's disrupting global mobility & delivery infrastructure. Back in June of 2023, we published for the first time on the company, in an article titled: "Uber: Revenue Could Double By 2026". The core thesis of this piece was that Uber's platform appeared sticky, and management seemed to be doing a good job at cross-monetizing it's growing userbase. This dynamic could lead to significant continued top l ...