Uber Technologies, Inc. (UBER)
Uber Grabs Bigger Delivery Hero Stake to Edge Closer to Takeover
Uber Technologies has increased its stake in Delivery Hero to 36.83% by buying Aspex Management's share of the German food delivery platform, Bloomberg reported Wednesday (May 27), citing a regulatory filing by Delivery Hero. The deal also raised Uber's voting rights attached to shares to 24.99%, according to the report.
Uber: Scaling For Profitability And Consolidation In Deliveries
Uber is becoming increasingly attractive as the stock now trades at around 12x forward cash flow. The most recent quarterly report confirmed once again that GAAP profitability will continue improving. Scaling the delivery segment is a major pillar in Uber's growth strategy, and a deal for Delivery Hero could be highly accretive for shareholders.
A Waymo car ended a ride early, then the company told the passenger to get an Uber
A Waymo customer said his car stopped before reaching his destination in San Francisco. Waymo support then suggested he order an Uber or Lyft ride to finish his trip.
Hotel Platform Mews Embeds Uber to Transport Guests and Staff
Hotels will be able to request, track and bill Uber rides within Mews' hotel operating system. This capability will be enabled by a new strategic partnership in which the companies will embed ride booking, real-time tracking and integrated billing into the platform, Mews said in a Tuesday (May 26) press release.
Uber, Lyft drivers in Massachusetts form first US ride-share union
Ride-share drivers for app-based companies such as Uber and Lyft have unionized in Massachusetts, forming what state officials and labor leaders said was the first officially recognized organization in the U.S. to represent such gig workers.
Uber Moves for DoorDash Rival With $11.6 Billion Offer
Uber has offered to buy Germany's Delivery Hero for around $11.6 billion.
Uber Considers Increasing $13 Billion Offer for Delivery Hero
Uber's board reportedly met Saturday (May 23) to discuss increasing its offer for Delivery Hero. That's according to a report Monday (May 25) from the Financial Times (FT), citing sources familiar with the matter.
Uber Technologies' takeover bid rejected by Delivery Hero
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) has made a takeover bid for Delivery Hero (XETRA:DHER, OTCQX:DLVHF), valuing the food delivery company at about €10 billion. Berlin, Germany-headquartered Delivery Hero confirmed it received an offer from Uber at €33 per share, but said the proposal was rejected.
Is Most-Watched Stock Uber Technologies, Inc. (UBER) Worth Betting on Now?
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Gen Z is turning to gig apps like Uber and GoPuff for summer jobs
Apps like Uber and GoPuff are seeing a boost in Gen Z worker registrations this month. The jump comes as many college students are beginning summer break.
Uber's $11.6 Billion Takeover Approach Lifts Delivery Hero Shares
Uber has emerged as the biggest shareholder in Delivery Hero after making sizable stake purchases in recent weeks.
Uber's COO says it's getting harder to justify the money spent on AI tokenmaxxing
Uber's COO said it's getting harder to justify the trade-offs of AI investments in the company. He said he's not seeing proportional productivity gains from increasing AI costs.
