Uber Technologies Inc. UBER Archives

TuesdayFeb 02, 2021 2:06 pm

QualityStocksNewsBreaks – Uber Technologies Inc. (NYSE: UBER) Announces $1.1B Agreement to Buy On-Demand Alcohol Company

Uber (NYSE: UBER) has announced that it has agreed to buy on-demand alcohol marketplace Drizly. The $1.1 billion-agreement is a combination of stock and cash, with Uber noting that it anticipated more than 90% of the payment to Drizly shareholders will be in the form of Uber stock. The announcement noted that the company expects the deal to close within the first half of 2021 and will result in Drizly becoming a wholly owned subsidiary of the technology company, which provides ridesharing, food- and package-delivery, freight-transportation and e-bike rental services. Uber stock rallied in premarket trading after the Drizly agreement…

WednesdayJun 10, 2020 1:17 pm

Uber Technologies Inc. (NYSE: UBER) Adapts to Ever-hanging Needs of Society Amid Pandemic

Uber Technologies is a pioneer in developing ride-sharing solutions, revolutionizing transportation services in 67 countries, currently The novel coronavirus pandemic that has swept the planet has had a severe impact on economies worldwide, including the revenue outlooks for companies like Uber The company continued to adapt to circumstances through the five revenue segments it now reports through, watching bookings rise in its Eats and Freight segments rise, particularly, as the Rides segment has seen a drop-off Uber has continued to pursue new benefits for its mainstay Rides services, such as recently adding a single-rate, multi-stop option in a growing number…

WednesdayJun 03, 2020 12:15 pm

Uber Technologies Inc. (NYSE: UBER) Rolls Out New Hourly Rate Option in Continuation of Pandemic, Social Unrest Measures

Uber Technologies has used its open-access model for facilitating transit to revolutionize how the world’s citizens move around, operating its ride-sharing solutions in 67 countries The company recently introduced a pricing alternative that allows riders to pay for multiple stops at a single, hourly rate in select metropolitan cities beginning June 2 The hourly rate replaces a model in which riders had to select new service after arriving at each destination, complicating the plans of those customers who needed to complete essential errands The new option is a timely response to the disruption of public transportation by forces including the…

WednesdayMay 13, 2020 12:48 pm

Uber Technologies Inc. (NYSE: UBER) Turns Attention to Growing E-Bike Popularity Amid Pandemic Response

Uber Technologies is a decade into upending transportation models with its ride-sharing solutions operating in 67 countries, but has suffered the common difficulties stemming from this year’s global spread of the COVID-19 pandemic The company announced recently that it will transfer its electric bike and scooter division to Lime, a similar e-bike company in which Uber has held a minority interest The Lime transfer arrangement makes Uber the leading partner in a new $170 million financing drive by Lime, and opens the door to the possibility of Uber buying Lime in the near future at a specified price The agreement…

FridayNov 22, 2019 12:37 pm

Uber Technologies Inc. (NYSE: UBER) Continues to Augment Safety Features for Ride Share Peace of Mind

Uber Technologies pioneered the open-access peer-to-peer ride-sharing model a decade ago, and is now operating in 67 countries with investment in multinational services continuing to grow Increasing concerns about criminal incidents and other problem behaviors has led the company to enhance its responsiveness to users’ safety, in regard to both drivers’ and passengers’ well-being The newest feature to launch will be an audio recording that can be enabled by either a driver or a passenger as an evidentiary tool The feature will test launch in Mexico and Brazil in December, with expectations of introducing it in the United States at…

FridaySep 20, 2019 11:29 am

Uber Technologies Inc. (NYSE: UBER) Continues Rideshare Safety Enhancements with New RideCheck Feature

Uber Technologies has built a global ride-sharing empire thanks to a successful model of sustaining peer-to-peer transportation business operations Criminal incidents that have played on the vulnerabilities of ride-share drivers and passengers have led to a series of recent security enhancements available to Uber users through the company’s mobile app The new RideCheck feature uses the phone’s geolocation capabilities in combination with the platform’s AI-driven protocols to monitor potential concerns and respond by contacting both the driver and the passenger The RideCheck feature was tested in U.S. cities including Los Angeles and Dallas and is expected to roll out soon…

MondayJun 24, 2019 12:07 pm

Uber Technologies Inc. (NYSE: UBER) Geared to Test Uber Eats Drone Delivery

The Federal Aviation Administration has granted Uber and San Diego, California, permission to test food delivery via drone services Uber partnered with McDonald’s and completed the first phase of testing at San Diego State University Uber made this announcement after Amazon announced similar plans to commence drone delivery services Uber Technologies Inc. (NYSE: UBER) has completed its initial phase testing for food delivery via drones for Uber Eats (http://ibn.fm/cx2J3), at San Diego State University. This testing was done in collaboration with McDonald’s, after the Federal Aviation Administration granted Uber the drone testing rights. Uber plans to include other Uber Eats food…

ThursdayJun 13, 2019 11:52 am

Uber Technologies Inc. (NYSE: UBER) Expanding Financial Services, Hiring in New York

Uber is creating additional services beyond ride sharing The company is looking to the fintech world to find better payment and lending solutions that increase customer loyalty Uber is seeking new office space in New York for a team that could exceed 100 workers Uber Technologies Inc. (NYSE: UBER) is working to go beyond providing convenient and affordable rides from point A to point B. The company is looking toward a future with self-driving technology, urban air transport, food delivery, accessible health care, freight-booking solutions and seamless employee travel. It should come as no surprise, therefore, that a recent CNBC…

WednesdayJun 05, 2019 12:16 pm

Uber Technologies Inc. (NYSE: UBER) Loss Greater than $1 Billion in Q1 2019, Public Transportation Service an Option

Uber reported a loss of $1.03 billion in Q1 2019; analysts see public-private transportation partnerships as a profitable option Uber posted 41 percent YOY growth in gross bookings in Q1 2019 at constant currency, excluding the impact of divested operations Offering public-transportation substitute services may be the solution to the “first mile, last mile” problem Uber Technologies Inc. (NYSE: UBER) posted an operating loss exceeding $1 billion for its Q1 2019 (http://ibn.fm/4godZ), the three months ended March 31, 2019. The loss represents a 116 percent decline from its $478 million loss during the same period in 2018. One potentially profitable option…

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