Uber Inc Technologies (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) Hike Fare Prices After Sunset Park Shooting

Uber Inc Technologies (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) have been called out for hiking fare prices after a tragic incident on April 12, 2022. The incident in Sunset Park, Brooklyn, occurred when a man wearing a construction vest and face mask opened fire in a subway car. The shooting resulted in five critically […]

Uber Technologies Inc (NYSE: UBER) Increases Revenue As Pandemic Restrictions Ease

Uber Technologies Inc (NYSE: UBER) CEO recently stated that earnings for the company have gone up as more people want to move around due to COVID-19 restrictions easing. The company’s advertising sector had a $225 million revenue which surpassed its $100 million targets. Uber is also making plans to offer taxi rides in San Francisco. […]

Uber Technologies Inc (NYSE: UBER) Regains its License to Operate in London

Uber Technologies Inc (NYSE: UBER) has gotten a license to operate in London for 30 months. This news comes after a struggle with Transport for London, a transportation agency (TFL), which doubted the company’s safety protocols. In 2017, TFL accused Uber of lacking corporate responsibility, thus endangering the safety of London residents. At this point, […]

Uber Technologies Inc (NYSE: UBER) Will Give a Temporary Fuel Surcharge

Uber Technologies Inc (NYSE: UBER) recently announced that it provided a temporary fuel surcharge. The new fares will assist drivers in remit payment for the increasing gas prices across the U.S. During the announcement, Uber reiterated that the consumers would be required to remit at least $0.45 or $ 0.55 per trip. The company also […]

Uber Technologies Inc’s (NYSE: UBER) CEO Discusses the Next Big Inventions in the Company’s Delivery Services and Bitcoin Mining

The CEO of Uber Technologies Inc (NYSE: UBER), Dara Khosrowshahi, commented on the first quarter of the stock year. The interviews conducted tackled various subjects such as market opportunities and Digital Media, among others. The Wall Street Reporter conversed with several CEO, including Uber Technologies, Vinco Ventures Inc (NASDAQ: BBIG), and others. The CEOs admitted […]

Record Covid Wave Spurs Fresh Interest in Delivery Stocks (DELHY, TWOH, UBER, GRUB, LYFT, DASH, AMZN)

The Omicron variant continues to drive the headlines for the pandemic. Cases and hospitalizations related to Covid-19 are now both at all-time highs on a 7-day rolling average basis. In fact, according to the nation’s leading infectious disease expert, it’s going to get a whole lot more pervasive. “Omicron, with its extraordinary, unprecedented degree of […]

Uber Technologies Inc (NYSE: UBER) Stock Down By Close To 15% In The Last Month and

Uber Technologies Inc (NYSE: UBER) stock is not in its best shape. The stock slumped nearly 15% in the last month alone. Uber Technologies Inc stock is under pressure  Uber Technologies Inc’s stock is under pressure. The lockdowns imposed in a bid to curb the coronavirus impacted the stock. The growing concerns due to the […]

As Covid Cases Swell Get Food Delivery Stocks on the Radar (GRUB, TWOH, DASH, DELHY, UBER, AMZN, LYFT)

We have seen an explosion in new Covid cases over recent weeks across the developed world. In the US, the 7-day average for new cases has grown from approximately 70k per day to nearly 160k per day in the past two months. That doesn’t even really count the hyper-contagious new Omicron variant, which promises to […]

Uber Technologies Inc (NYSE: UBER) Withdraws Uber Eats From Hong Kong

Uber Technologies Inc’s (NYSE: UBER) wholly-owned subsidiary Uber Eats has announced that it will leave the Hong Kong market. The announcement comes five years after the company launched in the city. After a late entry into the food delivery market, Uber Eats could not compete with other companies, including Foodpanda and Deliveroo PLC (OTCMKTS: DROOF), […]

Uber Technologies Inc (NYSE: UBER) Has Announced Its Partnership With Cannabis Retailer, Tokyo Smoke

Uber Technologies Inc (NYSE: UBER) has now entered the cannabis market. The company has announced that it will allow its customers in Ontario, Canada, to order cannabis on its Uber Eats app. Uber will be partnering with Tokyo Smoke, a cannabis retailer. Through Uber Eats, customers will place their order which they can pick at […]

Spotlight on Delivery Stocks as Omicron Takes Center Stage (DELHY, TWOH, UBER, GRUB, LYFT, DASH)

As the Omicron variant starts to take over the headline feed around Covid, investors are left with the need to diversify back into stories that work in pandemic restricted world. The data is unclear, but the broad market sell-off has yet to surface into the divide that defines the Covid winners versus the Covid losers. […]

Could this Small Food Delivery Start-Up be Lined up for Acquisition Interest (TWOH, UBER, GRUB, LYFT, DASH, PZZA)

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 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 […]