Uber Technologies Inc. was sued by the US Justice Department over claims that the ride-sharing giant discriminates against people with physical disabilities in violation of federal law.The department’s civil rights division alleged in a complaint filed Thursday in federal court in northern California that Uber drivers routinely refuse to accommodate passengers who travel with service animals or who use stowable wheelchairs. Uber has been sued repeatedly by passengers over alleged violations of the Americans ...

In a complaint filed in San Francisco federal court, the U.S. Department of Justice said Uber drivers routinely refuse to serve riders with disabilities, including people who travel with The department also said Uber and its drivers illegally charge cleaning fees for service animals, and cancellation fees to riders who are denied service. Some drivers also allegedly insult and demean people with disabilities, or refuse reasonable requests such as letting mobility-impaired passengers sit in the front seat. ...

The U.S. government on Thursday sued Uber Technologies , accusing the ride-sharing company of discriminating against passengers with disabilities. ...

Key Points Lyft reported 11% growth in the second quarter, and margins expanded. New initiatives like Lyft Silver are paying off. The Free Now acquisition should give a boost to growth. 10 stocks we like better than Lyft › Shares of Lyft (NASDAQ: LYFT) were moving higher last month after the No. 2 ride-sharing company delivered a solid second-quarter earnings report and benefited from increased expectations that interest rates would soon go down. Lyft also received generally positive commentary ...

Group 1: Bill Ackman's Investment Strategy - Bill Ackman has a significant portion of his hedge fund, Pershing Square, invested in Amazon and Uber, with ambitions to create a "modern-day Berkshire Hathaway" through Howard Hughes [2][3] - Ackman's hedge fund has outperformed the S&P 500 over the last five years, indicating a strong investment track record [2] Group 2: Amazon's Business Overview - Amazon constitutes 9% of Ackman's portfolio and operates in three major industries: e-commerce, advertising, and cloud computing [5][9] - The company is the largest e-commerce marketplace in North America and Western Europe, the largest retail advertiser globally, and the leading cloud computing platform through Amazon Web Services (AWS) [5][7] Group 3: Amazon's Financial Performance - Amazon reported Q2 revenue of $167 billion, a 13% increase, with operating margin widening by 1.5 percentage points and GAAP net income rising 33% to $1.68 per diluted share [9][10] - Wall Street estimates that Amazon's earnings will grow at an annual rate of 17% over the next three years, with a current valuation of 35 times earnings [10] Group 4: Uber's Business Overview - Uber represents 21% of Ackman's portfolio and is a leader in mobility and food delivery services, operating the largest ride-sharing platform and the second-largest restaurant food delivery platform in the U.S. [11] - The company has a significant presence in multiple countries, benefiting from scale and network effects [11][15] Group 5: Uber's Financial Performance - Uber's Q2 revenue increased by 18% to $12.7 billion, with GAAP net income rising 34% to $0.63 per diluted share [11] - Wall Street projects Uber's earnings to grow at an annual rate of 22% over the next three years, with a current valuation of 16 times earnings [14] Group 6: Future Opportunities for Uber - Uber is well-positioned to capitalize on the autonomous vehicle market, with 20 AV partners and ongoing deployments in multiple markets [12][13] - The company can cross-promote its services through a single mobile app, enhancing user engagement and data utilization [15]

Group 1: Bill Ackman's Investment Strategy - Bill Ackman's hedge fund, Pershing Square Capital Management, has outperformed the S&P 500 by 7 percentage points in the last year and 19 percentage points in the last five years [1] - Currently, 30% of Ackman's portfolio is invested in two AI stocks: 9% in Amazon and 21% in Uber Technologies [2] Group 2: Amazon's Market Position and AI Integration - Amazon operates the largest online marketplace in North America and Western Europe, is the third-largest adtech company by revenue, and has the largest public cloud service, AWS [4] - Amazon is leveraging AI to enhance customer service, product listings, supply chain management, and developer productivity, with potential cost savings that could improve operating margins [5] - AWS holds a 30% market share in infrastructure and platform services, significantly ahead of Microsoft Azure at 20%, and is developing custom chips for AI applications [6] - Amazon is expanding its AI monetization efforts beyond e-commerce and cloud services, with its subsidiary Zoox set to launch autonomous ride-hailing services in Las Vegas by 2025 [7] - Wall Street anticipates Amazon's earnings to grow at 18% annually over the next three years, making its current valuation of 35 times earnings appear reasonable [8] Group 3: Uber's Competitive Advantages and Growth Potential - Uber leads the U.S. ride-sharing market with a 76% market share and holds a 24% share in the restaurant food delivery market, providing a competitive edge through data utilization [10] - The integration of ride-sharing and food delivery services within a single app allows for cost-efficient customer acquisition and cross-selling opportunities [11] - CEO Dara Khosrowshahi highlighted that autonomous vehicle technology represents a $1 trillion opportunity for ride-sharing platforms, positioning Uber favorably due to its scale [12] - Uber is forming partnerships with AV companies, connecting riders with Waymo and WeRide robotaxis in various cities, enhancing its potential in the emerging robotaxi market [13] - Wall Street projects Uber's earnings to grow at 26% annually over the next three years, supported by a ride-sharing market expected to expand at 21% annually through 2033, making its current valuation of 16 times earnings relatively attractive [14]

Core Viewpoint - Uber Technologies announced a $20 billion buyback authorization, reflecting strong confidence in its future positioning despite mixed market reactions to its financial results [1][2]. Financial Performance - In Q2, Uber's revenue increased by 18% to $12.65 billion, exceeding Wall Street expectations by nearly $200 million [3]. - The adjusted earnings per share (EPS) for the same quarter was 62 cents, beating expectations by 2 cents [3]. - Uber forecasted strong growth for Q3, estimating an increase between 17% and 21% [4]. Free Cash Flow (FCF) Insights - Uber's last-12-month FCF reached an all-time high of $8.5 billion, with Q2 alone contributing $2.5 billion, marking a nearly 44% year-over-year increase [6]. - This growth in FCF has allowed Uber to confidently engage in share buybacks, a practice it rarely undertook in the past due to negative cash flow [7]. Buyback Strategy - The new $20 billion buyback program represents approximately 10.7% of Uber's market capitalization as of August 8 [2]. - Uber indicated that at least half of its cash flow generation in the coming years will be allocated to share repurchases, signaling a commitment to this strategy [7]. - Following the announcement, analysts adjusted their price targets for Uber, with an average increase of just under $4 [4].

Core Insights - Lucid Group, Inc. has recently formed a partnership with Uber Inc., marking a significant step into the electric vehicle (EV) market [1] Company Summary - The partnership with Uber signifies Lucid Group's strategic move to expand its presence in the EV sector, aligning with the growing demand for sustainable transportation solutions [1] Industry Summary - The collaboration highlights the increasing integration of electric vehicles within ride-sharing platforms, reflecting broader trends in the automotive and technology industries [1]

Financial Performance - Lyft reported its strongest quarter ever, with rides and bookings jumping double digits, though revenue came in just short of estimates [1] - Lyft has $993 million in cash [6] Market Trends and Consumer Behavior - Lyft does not see any softness in demand, with trips to the airport up quarter-over-quarter and year-on-year [3][4] - Lyft has become a part of millions of people's lives, serving and connecting millions every day [4] - Lyft is gaining share, achieving its highest share under the current CEO's tenure [6] Autonomous Vehicle Strategy - Lyft acquired a company called Free Now and closed the deal last week, expanding its global presence [7] - Lyft is partnering with BYU, which has completed 11 million rides without a driver, to explore opportunities in Europe and self-driving technology [5][7] - Lyft believes there will be multiple winners in the self-driving space [9][10] Safety and Responsibility - Lyft acknowledges the heartbreaking issue of sexual misconduct and is committed to leading on safety, even if it means potential consequences [11][12][15] - Lyft launched Women Plus Connect in September 2023, resulting in over 115 million rides taken by women with other women, reducing risk [14] - Lyft has programs allowing drivers to have cameras in the car, pin verification, one-click access to ADT, and location sharing [18][19]

Core Insights - Uber Technologies reported strong second-quarter 2025 results, with earnings per share of 63 cents and total revenues of $12.65 billion, both exceeding Zacks Consensus Estimates [1][11] - The company experienced an 18% year-over-year revenue growth on a reported basis and a 34% increase in earnings per share [1][11] Revenue Breakdown - Mobility segment contributed 57.6% of total revenues, with a 19% year-over-year increase to $7.28 billion, surpassing expectations [2] - Delivery segment revenues rose 25% year-over-year to $4.10 billion, also exceeding forecasts [3] - Freight segment revenues declined by 1% year-over-year to $1.26 billion, falling short of expectations [3] Financial Performance - Adjusted EBITDA surged 35% year-over-year to $2.11 billion, within the guided range [4] - Total gross bookings increased 17% year-over-year to $46.75 billion, aligning with guidance [6] - Operating cash flow was reported at $2.56 billion, with free cash flow at $2.47 billion [7] Future Guidance - For Q3 2025, Uber anticipates gross bookings between $48.25 billion and $49.75 billion, indicating a year-over-year growth of 17-21% [8] - Adjusted EBITDA for Q3 is expected to be in the range of $2.19 billion to $2.29 billion, suggesting a year-over-year growth of 30% to 36% [8]