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
Nearly half of Pershing Square Capital Management's $14.6 billion in invested assets can be traced to two trillion-dollar stocks and a runaway market share leader in a rapidly growing industry.
Uber’s fourth quarter saw strong growth in users and revenue that aligned with Wall Street’s expectations, but the market reacted negatively to the company’s adjusted earnings per share shortfall. Management attributed growth to expanding monthly active consumers, robust adoption of new product offerings, and healthy demand in both core and suburban markets. CEO Dara Khosrowshahi highlighted that autonomous vehicle (AV) deployments in select cities boosted user engagement and trip frequency, while new use cases like Moto and Reserve continued to attract a broader demographic. The quarter also marked a significant leadership transition, with CFO Prashanth Mahendra-Rajah stepping down and Balaji Krishnamurthy taking over the role.
Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER), in partnership with Dubai’s Roads and Transport Authority (RTA), today announced the next phase of their global partnership, bringing the Apollo Go autonomous ride-hailing service to the Uber platform in Dubai.
Uber Technologies, Inc. (NYSE: UBER) and Mubadala Investment Company today announced an agreement for Uber to acquire Getir’s delivery portfolio in Türkiye, including food, grocery, retail, and water delivery, subject to regulatory approval and other closing conditions.
Lucid depends on the Gravity SUV for near-term volume and is targeting a $50,000 midsize model and a robotaxi program with Uber and Nuro for longer-term growth.
The tech and auto sectors saw major moves as Uber hit 200 million monthly users, Waymo faced scrutiny over remote guidance and a federal safety probe, Ford explored a partnership with Geely, and Tesla pushed for national self-driving regulations.
