$71.93
+2.02 (+2.89%)
UBER News22 articles
Grab Debuts Autonomous Ride Service in Singapore Amid Strategic Pivot
Grab Holdings has initiated Singapore's first public autonomous vehicle ride service in Punggol, partnering with WeRide. The move aligns with Grab's strategic focus on automation and AI to improve profitability.
Uber's Blacklane Acquisition Fuels $100 Share Price Debate Amid Analyst Divergence
Uber Technologies advanced 1.4% to $70.15 after announcing its acquisition of chauffeur service Blacklane, while Wells Fargo trimmed its price target to $95. The company reported $52 billion in 2025 revenue and 202 million monthly active users.
Grab's $600M Taiwan Expansion Faces Antitrust Review Over Uber Ties
Grab Holdings' planned $600 million acquisition of Foodpanda Taiwan is under regulatory review, with authorities examining Uber's influence as a major shareholder. The deal, expected to close in late 2026, represents Grab's first move beyond its Southeast Asian home market.
Uber Shares Dip on Robotaxi Strategy Costs Amid Tech Selloff
Uber shares declined amid a broader tech selloff, with investors focused on the financial implications of its robotaxi initiatives. The company's core business continues to show robust growth.
Lyft Shares Hold Steady Despite Analyst Concerns Over Growth and Waymo Threat
Lyft shares posted a modest gain Friday, holding steady after Jefferies reduced its price target and highlighted risks from decelerating U.S. growth and Waymo's rapid expansion. The firm maintained a Hold rating.
Rivian Shares Retreat as Uber's $1.25B Robotaxi Deal Raises Profitability Concerns
Rivian Automotive shares declined 6% Friday following Uber's announcement of a robotaxi partnership valued up to $1.25 billion. The electric vehicle maker also revised its financial outlook, no longer expecting adjusted core profit in 2027 due to higher research spending.
Wall Street Gains as Airlines, Tech Lift Sentiment Ahead of Fed Decision
Major U.S. stock indices rose Tuesday, led by airline and technology shares, as investors awaited the Federal Reserve's policy update. Goldman Sachs cautioned that an oil supply disruption could drag the S&P 500 lower.
Grab Shares Slide on Subdued 2026 Revenue Forecast, Near 52-Week Low
Grab Holdings shares extended losses Friday, nearing a 52-week low, after the company's 2026 revenue projection missed Wall Street expectations. The stock decline contrasts with gains for U.S. peers.
Amazon Faces Dual Pressure from Italian Tax Probe and AI Spending Concerns
Amazon shares fell amid a new Italian tax evasion case and ongoing investor anxiety over massive AI-related capital expenditures, even as a bond sale saw strong demand.
Tesla's China Sales Surge Amid Slumping Broader Auto Market
Tesla reported a 91% year-on-year increase in China-made vehicle sales for February, reaching 58,600 units, even as the broader Chinese auto market contracted. The company's shares closed at $399.24 on Tuesday.
Uber CFO Outlines Opportunistic Buyback Strategy, AV Investment at Morgan Stanley Event
Uber Technologies stock rose 1.6% to $77.15, outperforming the market, after CFO Balaji Krishnamurthy highlighted plans for opportunistic buybacks and continued investment in autonomous vehicles at a Morgan Stanley conference.
Microsoft Shares Rebound Amid AI Investment and Regulatory Scrutiny
Microsoft shares gained about 1% to $404.50 in early Thursday trading, recovering from a significant year-to-date decline. The move follows a major AI investment, regulatory action in Japan, and upcoming White House discussions on data center energy costs.
Uber Eyes $1B European Expansion, Shares Await Post-Holiday Reaction
Uber shares closed lower Friday as the company announced a major European expansion for Uber Eats, targeting $1 billion in gross bookings over three years. Investors await Tuesday's market reopening for reaction.
Uber Targets $1B European Delivery Expansion Amid CFO Transition
Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.
Uber Stock Dips Amid AI Expansion and Robotaxi Launch
Uber Technologies stock declined 0.7% as it debuted a commercial robotaxi service in Abu Dhabi and introduced an AI-powered grocery assistant, amid broader tech sector volatility.
Uber shares slip after hours amid Lyft selloff, Dubai robotaxi deal with Baidu
Uber Technologies stock declined over 3% in extended trading, pressured by a sharp drop in rival Lyft and news of a $335 million acquisition of Getir's Turkey food delivery business.
DoorDash Shares Edge Lower Ahead of Q4 Earnings Amid Economic Uncertainty
DoorDash stock declined slightly as investors await the company's upcoming earnings report, with attention on consumer demand and margins against a backdrop of flat retail sales and pending economic data.
Uber shares dip on Dubai robotaxi launch and $335M Getir acquisition
Uber stock edged lower as the company announced plans to deploy Baidu's autonomous vehicles in Dubai and finalized a major acquisition of Getir's food delivery business in Turkey.
Uber Acquires Getir's Turkish Delivery Arm in $435 Million Expansion Push
Uber shares dipped slightly after announcing a $335 million cash deal for Getir's Turkey food delivery business, plus a $100 million stake in its broader operations, aiming to bolster its presence in a key growth market.
Uber and Adyen Expand Partnership with Kiosks and New Markets, Highlighting 2026 Embedded Finance Trend
Uber and Adyen have broadened their payments collaboration, introducing physical booking kiosks and expanding into new regions. The move underscores a wider industry shift toward embedded financial services and specialized providers.
Wesfarmers Gains Amid ACCC Scrutiny of Bunnings-Uber Eats Pact
Wesfarmers Limited closed higher following a complaint filed with regulators over Bunnings' exclusive delivery partnership with Uber Eats. The company's dividend reinvestment plan pricing window is now open.
Wesfarmers Gains Amid ACCC Complaint Over Bunnings-Uber Eats Pact
Wesfarmers shares closed higher despite volatility after Mitre 10 lodged a competition complaint over Bunnings' exclusive delivery partnership with Uber Eats. The dividend reinvestment plan pricing period is now active.