Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 210% in the past five years. Comparatively, the S&P 500 (^GSPC -1.12%) advanced 101% during the same period.
Uber Technologies, Inc. UBER and Sally Beauty Holdings, Inc. SBH have launched a partnership, marking Uber Eats' inaugural national beauty collaboration.
By looking at Uber 's (UBER 0.91%) stock chart, you'll quickly notice how volatile the journey has been for investors. In the past five years, the shares have climbed an impressive 251% (as of March 19).
Carter Worth, Worth Charting, joins 'Fast Money' to share the technicals on Uber.
Olive Garden parent Darden Restaurants matched profit views, but sales of $3.158 billion, up 6.2%, missed expectations for $3.214 billion. The post Olive Garden Parent Rallies Despite Mixed Quarter As Uber Deliveries Expand appeared first on Investor's Business Daily.
Washington state lawmakers have abandoned an attempt to limit the cost of ride-hailing fares during large public events.
Nvidia Corp NVDA just landed another heavyweight deal—this time with General Motors Co GM—and it's one that could shake up the autonomous driving race.
Serve Robotics (SERV 2.15%) develops autonomous robots that have already completed thousands of food deliveries on behalf of platforms like Uber's Uber Eats. In fact, the company has a contract with Uber to deploy thousands of new robots by the end of 2025, which will pave the way for an expansion into new geographic markets.
"Millions of consumers rely on Uber," says @LikeFolio's Megan Brantley, which she considers an excellent indicator that Uber Technologies (UBER) remains in good health. Autonomous driving became the biggest disruption to its business, but Megan says the company can leverage that evolving tech through partnerships.
Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Uber stock hasn't made decisive gains past the $80 level for one year. Are investors too concerned about being disrupted by robotaxi? Uber's leadership in ride-hailing and delivery, coupled with its growing active user base, solidifies its competitive moat and opens new monetization avenues. Uber's growing active user base offers tremendous defense against Tesla's threat to upend its platform economics.
Uber's stock faced a 30% drawdown due to AV concerns but rebounded with strong results and Bill Ackman's investment, though it's still down 10% over the past year. Uber's future in an AV-dominated world is debated, with some seeing it as a potential loser and others viewing it as a key AV aggregator. Uber's business remains exceptionally strong, and investors shouldn't let the AV noise take all of their attention.