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UBER News30 articles
Grab Shares Rise Ahead of Indonesia Commission Cut; Buyback Supports
Grab shares gained 3.8% Monday as investors assess the July 1 Indonesia driver commission cut from 20% to 8%. The $500 million buyback plan provides support.
Uber Gains $8 Billion in Market Cap After Robotaxi Unit Launch
Uber gained $8 billion in market cap after unveiling its robotaxi unit, with shares rising 5% before slipping 0.7% to $75.69.
Uber Soars $8.2B in Market Cap as Retail Traders Pile In
Uber shares surged 5.47% on Friday, adding $8.2 billion in market value, as retail trading activity spiked ahead of the holiday week.
Uber surges 5.5% on volume spike as safety overhaul, robotaxi outlook drive debate
Uber surged 5.47% on Friday with trading volume 3.46 times its 65-day average, as investors weigh tighter U.S. background checks and robotaxi expansion.
Lucid Stock Surges 15.6%, Adding $312M in Market Cap After $158M Cost-Cutting Plan
Lucid shares surged 15.6% on Friday, adding $312 million in market value, nearly double the $158 million in annualized savings from this week's restructuring plan.
Uber Gains $7.9B in Market Cap as Core Business Drives Confidence
Uber shares jumped 5.2% on Friday, adding $7.9 billion in market cap, as investors focused on the company's robust Q2 EBITDA outlook and core business fundamentals.
Uber Stock Surges 7% on Eats Retail Expansion, Robotaxi Deals
Uber shares surged 7.2% after adding retailers like Kiehl's and FedEx Office to Uber Eats, while investors weigh delivery growth against robotaxi risks. Wall Street consensus target is $108.35.
Aurora Innovation Shares Fall Amid Cash Burn Concerns and Pilot Revenue
Aurora Innovation shares slid 2.1% to $6.42, landing between Uber's block sale price and a director's purchase level, as the autonomous truck developer reports $1 million in Q1 revenue and expects further capital raises.
Grab Faces Indonesia Fee Cut Test as Margins Tighten
Grab shares hover near $3.48 as Indonesia cuts ride-hailing commissions from 20% to 8% from July 1, pressuring margins. Investors eye volume growth and AI tools to offset profit risks.
Grab Shares Extend Slide Amid Profitability Concerns Despite Q1 Growth
Grab shares slipped 2.24% to $3.49, continuing their 30% year-to-date decline, despite a 24% revenue jump and record EBITDA in Q1, as worries about driver incentives and fuel costs persist.
Lime Targets $180.9M IPO, Uber Stake and Debt Guarantee in Focus
Lime aims to raise up to $180.9 million in its IPO, with Uber potentially purchasing $20 million in shares. Most proceeds will repay a $115 million debt guaranteed by Uber.
Rivian Cuts Jobs, R2 Launch Adds to Financial Strain
Rivian is cutting hundreds of jobs, less than 2% of its workforce, to reduce costs after launching the R2 SUV. Shares closed up 2% as investors weigh cost cuts against margin pressures.
SRx Health Solutions Surges as Crypto Pivot Fuels Investor Interest
SRx Health Solutions shares surged 21% to $0.19 on heavy volume as investors tracked its pivot to EMJ Crypto Technologies and digital-asset treasury management, but the $55 million all-stock deal faces closing conditions and dilution risk.
Substack Expands into Brand Sponsorships, Hires Ex-Roku Executive
Substack hires Dan Robbins as first head of brand sponsorships, with Uber, T-Mobile, Balenciaga, and Yahoo Scout investing millions in creator deals, marking a shift from subscription-only revenue.
Aurora Innovation Bounces Back After 23% Slide, Driverless Truck Launch Ahead
Aurora Innovation shares recovered 2.68% to $6.13 after a seven-day 23% decline, as investors eye the Q2 second-gen hardware rollout and driverless truck deployment target.
Aurora Innovation Stock Edges Higher Despite Uber's Partial Exit
Aurora Innovation shares edged up Friday as the market weighs Uber's partial exit against the company's ambitious 2026 driverless truck rollout plans.
Uber Stock Slips Amid NYC Regulatory Battle Over Driver Deactivations
Uber shares dropped Thursday as investors reacted to a legal battle over New York City's Local Law 52, which limits ride-hailing companies' ability to deactivate drivers without just cause.
Aurora Stock Slips After Uber's $479M Share Sale Stirs Supply Concerns
Aurora Innovation shares declined after Uber sold $479 million in AUR stock, creating a supply overhang. The stock fell 1.6% Tuesday and another 2.44% pre-market.
Aurora Innovation Dips Amid Tech Selloff, Uber's Share Sale Still Weighs
Aurora shares fell 3.5% as tech and self-driving stocks slid. Uber's block sale of 67.5 million shares at $7.10 continues to overhang the stock.
Aurora Stock Tumbles After Uber Block Sale, Tech Rout
Aurora Innovation plunged 7.75% to $6.31 after Uber disclosed a 67.5M-share block sale at $7.10, as the Nasdaq tumbled and Morgan Stanley revealed a 10% stake.
Grab Shares Slide Amid Nasdaq Selloff, Inflation Concerns Loom
Grab Holdings shares dropped 3.47% to $3.34 as a strong U.S. jobs report fueled Fed rate hike fears, pressuring growth stocks. Investors await inflation data and Grab's solid Q1 results.
Tesla Stock Tumbles Despite J.P. Morgan's Bullish Price Target Hike
Tesla shares slid about 5% to $397.42 Friday despite J.P. Morgan lifting its rating and tripling its price target to $475, as investors weighed robotaxi ambitions against safety and regulatory risks amid a broader tech selloff.
Grab Holdings Rises as Nasdaq Slips; Fintech Growth in Focus
Grab Holdings shares rose 2.9% on Thursday, bouncing from prior losses, as the market evaluates its Q1 results and fintech expansion amid sector headwinds.
Aurora Innovation Shares Drop 11% as Driverless Truck Rollout Faces Revenue Scrutiny
Aurora Innovation shares slid 11% as investors weigh the pace of its driverless truck rollout against revenue expectations, despite an 80% year-to-date gain.
Uber Shares Surge on Nvidia Robotaxi Deal, European Expansion
Uber shares jumped 5.8% Monday after the company partnered with Nvidia and Autobrains for a robotaxi program in Munich, while new reports emerged of potential opposition to its Delivery Hero acquisition.
Uber Under Pressure as Delivery Hero Bid Looms
Uber shares slipped nearly 2% last week to $70.40 as the market awaits a possible formal offer for Delivery Hero, with analysts flagging antitrust hurdles.
Grab Stock Slips on Indonesian Bank Stake Concerns
Grab shares declined 1.8% in New York as the market reassesses the company's digital banking expansion in Indonesia, with Superbank set to become a consolidated subsidiary.
Grab Shares Climb as Superbank Consolidation Nears
Grab Holdings shares rose 1.3% Wednesday after announcing the consolidation of Indonesia's Superbank into its financial services segment, with financial services revenue up 43% to $107 million.
Uber's Bid for Delivery Hero Faces Shareholder Resistance
Uber's €33-a-share takeover offer for Delivery Hero has been met with investor resistance, as shares trade above the bid. A key shareholder rejected a €38 offer, pushing Uber to consider raising its bid.
Uber's Bid for Delivery Hero Faces Investor Skepticism as Shares Trade Above Offer
Delivery Hero shares remain above Uber's €33 bid, with investors anticipating a higher offer amid competition from DoorDash and shareholder resistance.