Acquisition potential is a major factor driving capital allocation. One space that has started to show signs of a potential wave of consolidation and dealmaking is the food delivery sector. This was highlighted this week when DoorDash Inc. (NYSE:DASH) announced that it is buying Wolt, a Helsinki-based food delivery startup, in an all-stock transaction valued […]
Uber
Uber Technologies Inc (NYSE: UBER) Eliminates Bonuses in Areas Where Drivers Are Back to Work
Uber Technologies Inc (NYSE: UBER) has had several shortcomings as a consequence of the pandemic. One such problem is a labor crisis with drivers scared of returning to work, as some are concerned about contracting Covid-19. In contrast, others have retired early for a better work opportunity or to become full-time parents. Other drivers have […]
Food Delivery Businesses Embrace Massive Growth Potential in Post Pandemic Decade (UBER, TWOH, GRUB, LYFT, DASH, PZZA, TKAYF)
The Covid-19 pandemic health crisis has a footprint that will firmly entrench itself in the history of human civilization. The terrain of the future will be forever altered because every single person in the world – over 8 billion individuals – went through a crisis that presented new needs and opportunities for a sustained period. […]
Uber Technologies Inc. (NYSE: UBER) And Lyft Inc. (NYSE: LYFT) Are Polluting The Environment As They Face Assault Lawsuits
A new study has shown that ridesharing companies Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NYSE: LYFT) may be sparing the environment from carbon emissions that result from starting a cold vehicle. Still, these gains are wiped by drivers driving around to wait for customers or fetching clients, which is called deadheading. Ridesharing rides […]
Uber Technologies Inc. (NYSE: UBER) Acquires Drizly As Uber Eats Drivers Accuse It Of Using Racist Facial Recognition Software
Uber Technologies Inc. (NYSE: UBER) has completed Drizly’s acquisition, and the two companies are expected to start integrating their complementary services and delivery apps. Uber acquires Drizly The acquisition consideration was around $ 1.1 billion, comprising nearly 18.7 million newly issued Uber common shares and cash. Drizly is an on-demand alcohol marketplace with several local […]
Yandex NV (NASDAQ: YNDX) Acquires Uber Technologies Inc (NYSE: UBER) Stake in Self-Driving Group
Yandex NV (NASDAQ: YNDX) has acquired Uber Technologies Inc (NYSE: UBER) stake in its Self-Driving Group (SDG). It has also acquired its indirect stake in Yandex.Lavka, Yandex.Eats and Yandex.Delivery. Yandex paid $1 billion for 100% ownership of the four businesses. According to experts, Uber reported a Q2 loss of $509 million and might be looking […]
Uber Technologies Inc (NYSE: UBER) Set to Partner with GetUpside so It Can Offer Promotions to its Delivery People and Drivers
Uber Technologies Inc (NYSE: UBER) recently announced that it had collaborated with a retail tech startup known as GetUpside to allow both its delivery people and drivers in the U.S. to get discounts and cashback at convenience stores and gas stations. The company has made this move when the ride-hailing industry in the United States is […]
Uber Technologies Inc (NYSE: UBER) Deputy General Counsel is Latest Swept into Fintech Hiring Spree
Uber Technologies Inc (NYSE: UBER) deputy GC Keir Gumbs, who departed Covington & Burling to join Uber Technologies three years ago on its 2019 initial public contribution, is on the other move. He is leaving his post as Uber’s deputy GC this time to take the prime legitimate role at Broadridge Financial Solutions, Inc. (NYSE: […]
Trip Segment Values for Uber, Lyft Endure Rising Nationwide Amongst Motorist Scarcity
Summoning a trip is turning out to be progressively costly for customers. As ride-share companies like Uber (NYSE:UBER) and Lyft battle driver scarcities, fees for trips have skewered 40% countrywide, rendering to statistics from Rakuten. The upwelling is striking big cities like New York, Los Angeles, and Chicago particularly stiff. Industry forecasters say that with […]
Chicago Data Shows Uber (NYSE:UBER) Overcharging Carpooling riders
One of Silicon Valley’s [most closely guarded secrets is how much taxi-hailing companies Lyft (NASDAQ:LFYT) and Uber (NYSE:UBER) charge customers. A Chicago law requiring the companies to provide their fare data has offered information on how one of the companies is trying to make a profit. Ridesharing fares increasing Over the last year, shared rides […]
The Dow is Taking a Dip Along With These Doosies
Shares of Altice USA, Inc. (ATUS) opened at $25.75 and are currently trading at $25.56. More than 41,446,099 shares exchanged hands compared to an average daily volume of 5,021,793 shares. At the current pps, the market capitalization stands at 21.093B. Analyst are currently predicting a target of $34.23 for Altice USA, Inc. ALTICE USA REPORTS […]
Stocks Are Rising as Dow Moves Closer to Record Highs
Shares of Uber Technologies, Inc. (UBER) opened at $29.13 and last traded at $28.10. More than 51,638,557 shares exchanged hands compared to an average daily volume of 10,279,967 shares. At the current pps, the market capitalization stands at 47.832B. Let’s take a look at how the stock has performed this year so far. Uber Technologies, Inc […]
Libra Association Launched By Facebook, Inc. (NASDAQ:FB) Elects A Five Member Board Of Directors On Its First Meeting
Despite the exit of prominent payment processors, Libra Association launched by Facebook, Inc. (NASDAQ:FB) conducted its first meeting on Monday in Geneva. It has the support of 21 members that include Venture Capital Firms, Vodafone, Spotify, Lyft, and Uber. Facebook moves ahead with creating Libra Shrugging off the criticism from US politicians and regulators and […]
Uber Gears Up With An App To Help Gig Workers Find A Job
Uber, which helps you to reach your destination, has now launched an app to help Gig workers find a suitable job. The company has introduced the Uber Works App in Chicago on Thursday, making it easier for temporary workers to land on jobs like commercial cleaning, bartending, and warehouse work. According to a release from […]
