Back in February, Uber announced ambitious plans to launch in seven new European markets in 2026 — but now the Financial Times reports that five of those launches are on hold. Country launches that have been paused include Austria, Norway, and Greece.
Uber's insurance and operational fees are among the biggest costs baked into a fare on the app. A recent study found they can vary a lot between very similar ride-hailing trips.
Uber is hiring in the US, though it's pulled back on visa applications for foreign workers. Software engineers can make base salaries of up to $410,000, according to federal data.
Uber's AV partnerships, gross bookings strength and diversification support its long-term outlook, but debt, labor unrest and geopolitical woes remain risks.
When headlines hit the wire that Alphabet NASDAQ: GOOGL subsidiary Waymo was removing its autonomous vehicles from the Uber app in Phoenix, the market reacted with predictable, reactionary selling. Shares of Uber Technologies NYSE: UBER slid more than 4% on June 29 after the news was released, pushing the stock down nearly 12% year to date and leaving it near $72.
The IPO window is showing more signs of life, with Uber-backed Lime raising $174 million in its public debut, pricing its shares right at the midpoint of the expected range. Lime CEO Wayne Ting says the company is going public to attract new investors, and is thinking about M&A, though "the bar is high.
Uber Technologies (UBER) is "stuck on struggle street," says Thomas Martin. He says the company is performing at its best, though the rise of robotaxis like Alphabet's (GOOGL) Waymo and Tesla's (TSLA) self-driving vehicle add outlook pressures.
Uber-backed Lime's shares jumped 8% in its Nasdaq debut on Wednesday after the company raised $167 million in its U.S. IPO, valuing the electric scooter and bike operator at about $1.73 billion.
Uber (NYSE:UBER | UBER Price Prediction) has become a growth story firing on every cylinder while its stock quietly bleeds.
Uber Technologies (UBER) closed at $72.16 in the latest trading session, marking a -4.42% move from the prior day.
Waymo robotaxis are no longer available on Uber's ride-hail app in Phoenix, Arizona, ending a nearly three-year partnership in the city, both companies confirmed to TechCrunch on Monday.
Zacks.com users have recently been watching Uber (UBER) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.