Share
Uber shares moved to higher ground during yesterday’s stock trading session after the company announced the acquisition of alcohol delivery service Drizly for a total of $1.1 billion as the company seeks to expand the portfolio of products covered by its Uber Eats unit. Uber’s management estimates that 90% of the transaction will be paid…
Share
Investors will pay close attention to how the impact of the coronavirus outbreak has hit demand of ride-hailing firms Uber and Lyft when they post their earnings on Thursday and 12 August respectively. What are analysts expecting? Uber (UBER), led by chief executive Dara Khosrowshahi (pictured), will be the first to disclose its second-quarter earnings,…
Share
Ride hailing giant Uber Technologies (UBER) reported yesterday its financial results for the first quarter of 2020 and the stock shot up after showing an improvement in ride volume compared to a big drop the company faced in April due to virus containment measures. The San Francisco-based company surprised analysts by posting higher than expected…
Share
In this guide, we provide you with a step by step guide on how to buy Uber stocks. We also review the top three online brokers listing Uber stocks and detail some of the reasons we believe Uber may be your best buy
Share
Ride-sharing companies Uber Technologies, Inc. (UBER) and Lyft, Inc. (LYFT) are scheduled to report earnings this week, following what has been a dismal first quarter due to the coronavirus pandemic. Both are burning through cash at a rapid pace, with neither posting a profit since becoming public companies. Uber is scheduled to report on Wednesday,…
Share
Uber said its chief technology officer will leave the business, amid reports that the troubled ride-hailing platform plans to lay off 5,400 workers to cut costs. The San Franciso-based firm said chief technology officer Thuan Pham (pictured) will resign, according to a SEC filing on 24 April. Pham leaves the business, which has never made…
Share
Uber (NYSE: UBER) stock price plummeted in the past couple of weeks amid investor’s concerns over the coronavirus outbreak. The ride-hailing giant said it provides drivers with disinfectants and will suspend drivers who have shown symptoms of the virus, but investors believe that passengers will be less likely to use shared vehicles if the outbreak…
Share
The court date for Uber’s appeal of its London ban is set for 6 July, after a judge decided that the capital’s largest taxi union can take part in the case. Emma Arbuthnot, the Chief Magistrate of England and Wales, ruled yesterday that the Licensed Taxi Drivers’ Association (LTDA) is an “interested party”, which allows…
Share
Last year, the ride-hailing company, Uber, commanded about 14 million rides, making it the top ride-hailing firm with the best record last year. The firm published a report during its quarterly earnings publication on Thursday, as it commanded more than 50% of the ride-hailing market in India last year. Uber was the leader in the…
Share
Uber (NYSE: UBER) stock price soared close to 10 per cent after beating fourth-quarter revenue and earnings estimates. The strong year over year revenue growth along with strength in the booking is adding to sentiments. The company also enhanced market pundit’s confidence by indicating the prospects of profitability in fiscal 2020. The majority of market…
