Uber surges to a new 52-week high as strong financials, buybacks, AV ambitions, and S&P100 index inclusion fuel investor buzz.
It's the second time in four years the DOJ has targeted Uber for its treatment of passengers with disabilities.
Uber's global reach, strong earnings, and bold buybacks give it an edge over Grab's narrower Southeast Asian focus.
Uber Eats is partnering with fintech firm Pipe to use the company's technology to deliver customized, pre-approved loans for small businesses on the app. The process is designed to lower barriers to entry, so it does not require credit checks or personal guarantees.
Air-taxi maker Joby Aviation said on Wednesday that it planned to bring Blade's helicopter and seaplane services to the Uber app as soon as next year.
Major U.S. equities indexes ticked higher as markets kicked off a new trading week.
Uber has achieved profitability and is experiencing robust revenue growth, driven by its dominant Mobility segment and rapid expansion in Delivery. The company's global leadership, strong network effects, and innovative offerings like Uber One and Journey Ads underpin its competitive advantage. Key risks include regulatory challenges around driver classification, competition in autonomous driving, and the low-margin nature of delivery.
Uber Technologies (NYSE:UBER) is no longer seen as the underdog. After years of doubt regarding its ability to generate profit, the company has successfully silenced detractors and generously rewarded its shareholders.
UBER teams with Best Buy to bring electronics delivery to more than 800 stores via Uber Eats, boosting its diversification-related approach.
Alphabet's (GOOGL) Waymo and Tesla's (TSLA) Robotaxi are muscling their way into the ride-sharing space. What does that mean for Uber (UBER) and Lyft (LYFT)?
Lyft's focused strategy, stronger stock performance, and more attractive valuation put it ahead of Uber for now.
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.