Uber Stock News

Lyft and Uber remain locked in a Game-of-Thrones-style battle to the bitter end, despite facing huge challenges that a Lyft-Uber tie-up could potentially fix.

Futures, Global Markets Jump As Bond Rout Eases U.S. index futures jumped along with Asian and European markets, while the VIX declined for a fourth consecutive day, setting up Wall Street for a strong open as bond markets stabilized bringing some respite for markets whipsawed in recent weeks by concerns about tightening monetary policy. As of 730am ET, S&P emini futures rose 38 points or 0.84%, while Nasdaq futures were up 1.3% or 187 points, while Dow futures were up 0.60% or 215 points. The 10-year U.S. Treasury yield retreated from levels last seen in 2019, dropping from 1.97% at their high yesterday to 1.92%, and yields across Europe also fell after France’s central banker said markets may be getting ahead of themselves in pricing rate hikes for this year. A dollar gauge slipped and cryptos jumped. Much of today''s rally is the result of Bank of France Governor Villeroy pushing back against market pricing yesterday, which suggests that there are indeed limits to just how far central banks are willing to be pushed by traders’ expectations .

Lyft (LYFT) fell after posting a disappointing Q4 earnings report that featured the company''s active riders count and EBITDA tally missing the consensus expectation. Read more.

Chipotle reported an earnings beat; Uber results are due after the close.

Raquel Urtasun, the former chief scientist at Uber’s Advanced Technologies Group, promised an “AI-centric approach” to autonomous vehicles when she founded her own company last year, Waabi . Now, she’s ready to deliver on that promise with the announcement of the company’s first product: a virtual world in which to test its autonomous vehicles called “Waabi World.” Urtasun says she doesn’t want to rely on a large fleet of vehicles driving millions of miles on public roads and gathering data in service of training AI systems to drive better and safer than humans. That’s expensive, time-consuming, and ultimately doesn’t capture the seemingly endless number of edge cases that could confuse a self-driving vehicle. Urtasun claims that… Continue reading…

San Francisco, Feb 9 (IANS) To remind passengers to wear seatbelts, ride-hailing major Uber has come up with a new feature that will emit a series of chimes until passengers buckle their seatbelts. Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts. Now the company wants to cut out the […] The post Uber’s app to beep until passengers buckle seat belt appeared first on Buziness Bytes .

Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts.

A bunch of the gig-economy companies join to fight regulation in Washington state.

Lyft Slides As Active Riders Shrink After Paying More Than Ever For Driver-Challenged Service Lyft stock is swinging wildly after hours, first spiking lower, then higher and now drifting lower again. Why? Here''s what the company just reported for its Q4 quarter. First the good news: the company reported revenues of $969.9 million which beat consensus estimates of $940.4 million as well as its own guidance, rising at a brisk 70% Y/Y benefiting from higher prices due to a continued shortage of drivers ... and achieved a new quarterly record for contribution profit of $578.8 million (exp. $553.7 million) and margin of 59.7% vs exp. 58.9%... ... while adjusted EBITDA of $74.7 million came in at high end of guidance range, if just below consensus of %75.7 million. Putting the company''s revenue and EBITDA in context: And now the not so good news: the company reported that its Q4 active users were just 18.73 million, up 49% Y/Y, which was not only a big miss to expectations of 20 million and the the first sequential contraction since the covid collapse, but far below the record 22.9 million hit in 2019.

Disney, Uber, and CVS Health Earnings - 3 Things To Watch

Uber (UBER) reports Q4 earnings on Feb. 9. Can the company maintain robust growth in its revenue and gross bookings?

Option traders appear to be placing their bets that the Uber share price will rise in the near term.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Uber stock financial metrics are proof that management is doing well growing the business. They passed the toughest test of a lifetime. The post Uber Stock Remains a Fun Ride and Compelling to Own appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First…

MEXICO CITY (Reuters) – Mexican electric car provider VEMO and U.S. car hailing platform Uber announced on Tuesday an alliance to boost the number of electric vehicles in the platform’s Mexico City fleet during 2022. The first phase of the pilot plan will add 250 electric vehicles to the app and is set to be … Read More

Mexican electric car provider VEMO and U.S. car hailing platform Uber announced on Tuesday an alliance to boost the number of electric vehicles in the platform''s Mexico City fleet during 2022. The first phase of the pilot plan will add 250 electric vehicles to the app and is set to be completed in the first quarter, according to a statement published by Uber. Adding those vehicles, rather than petrol vehicles, will save an average of 5,000 tons of carbon dioxide emissions each year, the equivalent of planting 250,000 trees, said Roberto Rocha, VEMO''s general director.