Tag: ride sharing

  • 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…

  • Grab Achieves Profit on Adjusted Basis

    Grab Achieves Profit on Adjusted Basis

    Grab has hit a significant financial milestone. For the first time since its inception in 2012, Grab has reported a profit on an adjusted basis, a promising development for investors concerned about the company’s profitability. In the quarter ending September, Grab posted an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $29 million,…

  • Grab aims to break even by H2 2024

    Grab aims to break even by H2 2024

    It will be interesting to see how Grab make the economics work for Grab rides and food, considering South East Asia is a highly competitive market. Grab Sees Slowing Growth As It Aims To Break Even By Second Half 2024 Grab Holdings said it’s aiming to breakeven by the second half of 2024 on an…

  • 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…