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 […]

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 […]

Uber Technologies Inc (NYSE: UBER) Acquires Transplace Through Uber Freight

Uber Technologies Inc’s (NYSE: UBER) Subsidiary, Uber Freight, has announced the acquisition of TPG Capital’s Transplace at $2.25 billion in cash. GCM Grosvenor, D1 Capital, and Abu Dhabi Growth fund made a $550 million investment in Uber Freight to support the transaction. The acquisition combines operational solutions and shipper technology from Transplace with digitally-enabled carriers […]

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 […]

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: […]