Bryn Talkington, managing partner at Requisite Capital Management, joins CNBC's 'Halftime Report' to discuss why she's buying the ride sharing company.
Uber's Q3 booking metrics missed expectations, but this presents a buying opportunity as the market overreacted, similar to Q2. UBER's path to becoming a global super app remains intact, with strong growth in key metrics and Uber One adoption illustrating platform stickiness. Potential expansion into hotel and travel services could enhance margins and user stickiness, leveraging synergies with Expedia.
The Massachusetts vote was the latest front in a years-long battle over whether ride-share drivers should be considered to be independent contractors or employees entitled to benefits and wage protections.
A state ballot measure was the first of its kind in the United States, but labor advocates worry it could lock Uber and Lyft drivers out of full-time employment status.
Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so.
Uber's stock plunged ~9% after earnings, and I think the stock is even attractive at current levels for mid-to-long-term investors. Uber's focus on geographic expansion, affordability, and capital allocation in less densely populated markets positions it well for future growth and share gains. While it's too soon to tell, I'm watching Uber's strides in the AV market for the long term.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
The ride-hailing pioneer is contending with slowing bookings growth, rising insurance costs and an alliance between DoorDash and Lyft.
Ride-hailing giant Uber Technologies is suggesting a pay cut for its drivers in New York City, citing lower gas prices, as it tries to lower the price of rides in one of its biggest markets. According to a Monday (Nov.
Uber said the pay should be slashed because gas and used car prices have fallen.
The slowdown in gross bookings at UBER is a prime cause for concern.
Review Uber's (UBER) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.