Uber Stock News

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.

U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier than anticipated outlook triggered by a spike in demand. In a fresh 8-k filing this morning, Uber said it now expects adjusted EBITDA — a heavily-modified profit metric that strips out a host of costs, including […]

U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier than anticipated outlook triggered by a spike in demand. In a fresh 8-k filing this morning, Uber said it now expects adjusted EBITDA — a heavily-modified profit metric that strips out a host of costs, including […]

C slipped on an analyst''s downgrade. UBER rallied on raised guidance but gave up a large chunk of its early gains. TPTX fell on an executive departure. LLNW rose on an acquisition.

Uber Technologies raised its outlook for first-quarter core profit on Monday, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.

Observing that app based taxi firms such as Ola and Uber operating in Maharashtra without valid licenses was an instance of "complete lawlessness," the Bombay high court on Monday directed all such aggregators to apply for valid licenses by March 16 if they wish to continue operations.

NEW YORK , March 7, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, UBER, NOC, MRO, and BABA. … Full story available on Benzinga.com