Autonomous trucking startup Waabi has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Nvidia is a new investor, with Porsche and the venture capital arm of Volvo also joining the deal.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Uber said Monday (June 10) that a U.S. appeals court decision rejecting the company's challenge to a California law that could force it to treat drivers as employees rather than independent contractors will have no impact.
Uber (UBER) reported earnings 30 days ago. What's next for the stock?
Minneapolis cracked a deal with the companies, but it preserves integral parts of their model, allowing the firms to undermine the compromise later
Uber's valuation is slightly above industry peers, which trade at a median EV/Sales TTM multiple of 3.2x (vs 3.6x for Uber). Uber enjoys a strong Moat due to its size and platform-based business model, which results in a strong network effect and likely deserves a premium versus industry peers. There are strong arguments against a potential disruption of Uber's business model through autonomous driving, which will likely lead to higher customer engagement for Uber.
Albertsons Companies and Uber Technologies have expanded a program in which they donate and deliver surplus food to local nonprofit organizations and food banks. After being piloted in Washington, D.C.
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.
Uber's 1Q24 earnings report showed a decline in mobility gross bookings but better growth in delivery gross bookings. I think Uber's diversified revenue streams (mobility and delivery) will alternate to support outperformance during downturns in either segment. The disappointing losses and outlook this quarter are temporary headwinds, in my opinion, and have now been recognized by the market.
After Costco Wholesale (COST) reported fiscal third-quarter earnings that beat analysts' estimates, executives joined the company's earnings call Thursday to discuss its membership pricing, digital sales growth, its recently expanded partnership with Uber (UBER), and how lowering prices has affected discretionary spending, among other things.
Uber Technologies unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river as it looks to meet explosive demand stemming from the upcoming Olympics in Paris.
At the beginning of the month, over 10,500 London black-cab drivers launched a significant £250 million lawsuit against Uber Technologies Inc UBER. They accuse Uber of breaking taxi booking rules and misleading authorities to get its operational license from 2012 to 2018.