Uber Stock News

Rising gas prices are driving plenty of cringeworthy moments when filling up your tank. But for people who are drivers for ride-sharing companies like Uber and Lyft, the pain at the pump cuts much deeper.

Shares of Uber Technologies Inc. advanced 7.60% to $30.74 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the…

Uber, Lyft, DoorDash and other app-based companies on Tuesday unveiled a new trade association that will push back on Democratic efforts to allow gig workers to unionize.The lobbying group, dubbed Flex, kicked off with a seven-figure ad buy in…

Uber Technologies Inc. (NYSE: UBER ) shares were trading higher Tuesday following a Wall Street Journal report indicating the company is launching a campaign to head off Democratic efforts to classify its workers as employees, which would allow them to form unions. Uber was up 8.86% at $31.10 ahead of the close. See Also: Uber Analyst Bullish Following Guidance Update, Says Rising Gas Prices Not A Threat Uber Daily Chart Analysis The stock is barely hanging on to support in what traders call a falling wedge pattern. This pattern is known to be a bullish reversal pattern, as the highs are falling at a steeper rate than the … Full story available on Benzinga.com

Uber drivers are protesting on social media over record U.S. gasoline prices eating into their earnings just as the ride-hailing firm raised its profitability outlook, with some asking whether it was still worth getting behind the wheel.U.S. retail gasoline prices hit an all-time of $4.173 on Tuesday afte

Chipmaking giant NVIDIA Corp (NASDAQ: NVDA ) invested $10 million in Uber Technologies Inc (NYSE: UBER ) spinout Serve Robotics, TechCrunch reports . Serve aims to use the funds to further expand its sidewalk delivery robot service outside Los Angeles and San Francisco. “Nvidia’s investment is rooted in a longtime partnership … Full story available on Benzinga.com

Shares of Uber Technologies Inc (NYSE: UBER ) gained over 7% on Tuesday morning after the company raised its earnings outlook as the U.S. mobility market continues to recover from the pandemic. Updated Guidance: In a new 8K filing, Uber raised its guidance for first-quarter EBITDA from an old range of between $100 million and $130 million to a new range of between $130 million and $150 million. Uber also said its Mobility segment bookings should reach 95% of 2019 levels in February. Related Link: How Does The Inflation And Oil Shock Of 2022 Compare To The Late 1970s? On Tuesday, Bank of America analyst Justin Post said he remains bullish on Uber''s outlook, but the market remains cautious on the negative impact higher gasoline … Full story available on Benzinga.com

Chipmaking giant Nvidia is investing $10 million in Uber spinout Serve Robotics, funds the startup will use to further expand its sidewalk delivery robot service outside Los Angeles and San Francisco. The investment – Nvidia’s first in the sidewalk delivery space – is part of a long-term collaboration that will see the two companies work […]

Ads seek to counter Democratic efforts to reclassify gig workers as employees, which would let many unionize

The stock is testing summer 2020 support in the upper 20s, with a breakdown exposing the deep pandemic low in the teens.

A string of companies using independent contractors as drivers launched a campaign to head off Democratic efforts to classify their workers as employees, allowing them to form unions, the Wall Street Journal reports . The companies include Uber Technologies Inc (NYSE: UBER ), Lyft Inc (NASDAQ: LYFT ), DoorDash Inc (NYSE: DASH ), GrubHub Inc (NASDAQ: GRUB ), and others. The companies aim to … Full story available on Benzinga.com

In 2018, an Uber autonomous vehicle fatally struck a pedestrian. In a WIRED exclusive, the human behind the wheel finally speaks.

A new advocacy group is launching a $1 million campaign to counter Democratic efforts to reclassify gig workers as employees, which would let many of them unionize.

A new advocacy group is launching a $1 million campaign to counter Democratic efforts to reclassify gig workers as employees, which would let many of them unionize.