Tag: NYSE: UBER

  • Uber to join S&P 500

    Uber to join S&P 500

    Uber has made a significant leap in the financial world by joining the prestigious S&P 500, as announced on December 1, 2023. This inclusion marks a notable achievement for the ride-hailing company, reflecting its solid financial performance and growing market presence. Uber’s journey to the S&P 500 was fueled by its positive earnings in the…

  • Uber releases Q3 financials

    Uber releases Q3 financials

    Uber Technologies Inc (NYSE:UBER) has delivered a good performance in Q3 2023, showcasing a robust recovery with a net income of $221 million. This marks a significant reversal from the net loss of $1.2 billion in Q3 2022. The company’s growth narrative is compelling, with Gross Bookings surging by 21% to $35.3 billion, indicating a…

  • Uber can finally focus on customer complaints

    Uber can finally focus on customer complaints

    In the past couple of years, it appears that Uber is working on supply issues. Maybe the company’s drop the ball on the experience itself. I’ve had to wait longer than expected for an Uber right. It seems like this is next in Uber’s list to tackle: Uber says its chronic shortage of drivers is…

  • Uber partners with Hertz to offer 50,000 Tesla

    Uber Technologies Inc on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc vehicles as a rental option for its ride-hail drivers by 2023. The announcement comes after Hertz on Monday said it would order 100,000 Tesla vehicles by the end of 2022, meaning that half…

  • Uber starts 15-minute delivery in Paris

    Uber starts 15-minute delivery in Paris

    Uber has launched a 15-minute delivery service in Paris, named Carrefour Sprint, in collaboration with Carrefour and French startup Cajoo. This service, available on the Uber Eats app, utilizes dark stores – dedicated small warehouses for quick order preparation. This move aims to cater to the fast-paced lifestyle of Parisians, though its necessity is subject…

  • DoorDash and Uber Eats is gaining on Grubhub

    DoorDash and Uber Eats is gaining on Grubhub

    On Wednesday, the new parent company of Grubhub, Amsterdam-based Just Eat Takeaway.com, TKWY 0.33% also known as Jet, provided a third-quarter trading update. While several countries showed stellar growth, Grubhub’s business looked disappointing, setting a negative tone ahead of third-quarter earnings for DoorDash DASH 0.61% and the Uber Eats unit of Uber Technologies. UBER -2.67%…

  • Uber completes Drizly acquisition

    Uber completes Drizly acquisition

    Uber Technologies, Inc. today announced that it has completed its acquisition of Drizly and that the two companies will begin integrating their complementary delivery apps and services. The purchase consideration was approximately $1.1 billion, consisting of approximately 18.7 million newly issued shares of Uber common stock plus cash. Uber On other new, cannabis marketplace Lantern…