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The head of one of America’s most prestigious private equity firms admitted investors had “lost our way” by overvaluing tech firms such as Uber and Lyft, which flopped after floating last year. General Atlantic chief executive William Ford said investors looking for significant returns after years of historically low interest rates were too eager to…
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Uber (NYSE: UBER) stock price experienced a huge selloff during the second half of 2019. Although Uber share price bounced back slightly in the past month, the shares are still trading well below the 52-weeks high of $47. The market analysts are suggesting investors Buy Uber shares following a price selloff. They believe Uber’s financial…
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Uber has lost its licence to operate in London after Transport for London (TfL) said it is “not fit and proper” firm to operate a taxi service. TfL concerns were over the taxi-hailing firm’s approach to reporting serious criminal offences, how drivers’ medical certificates were obtained, how criminal record checks were carried out and its…
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Uber (NYSE: UBER) stock price has hit the bottom of selloff after losing close to 35% of the value in the past couple of months. The stock has recently hit 52-weeks low of $26 a share. Uber CEO Dara Khosrowshahi bought 250,000 shares this week. This shows that the stock has limited downside and investors…
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Uber (NYSE: UBER) stock price has been experiencing a bearish trend over the past couple of months. The share price selloff has erased almost 25% of the value from 52-weeks high that it had hit three months ago. The market pundits believe share price sell-off is presenting an attractive buying opportunity for long-term investors. Investors…
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Ride-hailing giant Uber has launched a series of financial services that establishes the firm’s payments arm. The US firm unveiled its Uber Money unit yesterday, which includes a digital wallet, no-fee $100 overdraft protection, as well as upgraded debit and credit cards. The business will roll out “real-time payouts” to its four million drivers around…
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Taxi-hailing firms Uber, Lyft and their drivers have been caught in the middle of division between democrats over a ride-share bill passed by the California Senate. The bill seeks to address some of the grievances raised by the gig industry workers. The California bill AB5 passed in Sacramento late Tuesday night will see the conversion…
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Uber is possibly entering the loan business with the intention to offer new financial services to drivers. The ride-sharing company informed they are building a financial product that is expected to help Uber drivers deal with their finances. In order to understand its drivers’ needs, the firm conducted a survey about financial habits. This is…
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Uber, the popular ride-sharing application, isn’t having the best of times. The company’s stock is down, it’s struggling a bit, and there’s some confusion surrounding the whole business in general. However, CEO Dara Khosrowshahi has come out to say that he has zero regrets in making Uber public, referring back to its IPO from some…
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Lyft and Uber, two competing ride-sharing apps, are in a constant fight to bring in more customers. In doing so, Lyft has recently announced that it would be raising its rider prices. This, unsurprisingly, sent stocks higher for not only Lyft but for Uber as well. In addition, the former company saw a 72% rise…
