Uber Technologies Inc is a leading technology company that revolutionizes urban transportation and logistics through its mobile app platform. The company connects riders with drivers for convenient ride-hailing services, while also offering a range of additional services, such as food delivery through Uber Eats and freight transportation. With a focus on innovation, Uber continually explores advancements in areas like autonomous vehicles and aerial mobility, aiming to enhance the efficiency and accessibility of transportation solutions for individuals and businesses worldwide. Read More
Jim Cramer recommends buying more Uber (UBER) as it's expected to reach $200, and says to hold KeyCorp (KEY) as they're in expansion mode. Micron (MU) announced a new space-qualified memory product.
According to a Bloomberg report citing people familiar with the matter, Prosus has sold nearly $250 million worth of shares of Meituan over the last two weeks and could sell more.
Shares of Opendoor Technologies Inc. (NASDAQ: OPEN) have whipsawed over the past week, while hedge fund manager Eric Jackson, who ignited its rally, asks investors to keep calm.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
fell 4.3% in the morning session after the company lost a UK Supreme Court appeal regarding a value-added tax (VAT) on its rivals. The ruling confirmed that rival taxi operators in England and Wales will not face a 20% value-added tax (VAT) charge on their profit margins for operations outside of London. This decision represented a setback for Uber, as a different outcome could have imposed significant costs on its competitors, potentially leveling the playing field. The court's decision allows these rival firms to maintain their existing cost structures, which could make it more challenging for Uber to compete on price and expand its market presence in those regions.
PCO drivers who use hired cars have to deal with many expenses, including weekly hire fees and fuel costs. Plus, the competition is extremely tough in the industry, so simply carrying passengers from one point to another isn’t enough to achieve your income goals. You need to adopt smart strategies to get the maximum value out of every mile you drive.
