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UBER News30 articles
Amazon's Zoox Launches Paid Robotaxi Service in Las Vegas
Amazon's Zoox has started charging for driverless rides in Las Vegas, launching its purpose-built robotaxi service commercially. The company holds a temporary NHTSA exemption and plans to scale operations.
Uber's $40M Liability Ruling: What It Means for Shareholders
Uber was ordered to pay $40M after arbitrator found it jointly liable for a passenger's death, rejecting Proposition 22 protections. Stock barely moved, but the ruling could signal broader liability risks.
Uber's Fare Cuts Put Volume Growth at Center of Margin Test
Uber will use savings from its 10% corporate layoffs to reduce rider prices, aiming to boost volumes. The strategy's success hinges on maintaining adjusted EBITDA margins.
Uber CEO's $10M Buy Shows Faith, But Stock Slips 1.3%
Uber stock slipped 1.3% despite CEO Khosrowshahi's $10M purchase. Insider buying signals confidence, but autonomous vehicle and margin concerns remain.
Uber's Africa Exit: A Strategic Pivot Toward Margin Growth
Uber's withdrawal from Nigeria and Uganda signals a strategic shift toward operational efficiency, with the company's 4.9% adjusted EBITDA margin taking center stage for investors.
Uber, WeRide Secure Spain's First L4 Robotaxi Permit for Supervised Tests
Uber and WeRide secured Spain's first national permit for Level 4 autonomous passenger vehicles, but it covers only 20 supervised test cars, not paid rides. The approval marks a regulatory milestone with limited immediate financial impact.
Uber CEO Khosrowshahi Invests $10M in Company Stock
Uber CEO Dara Khosrowshahi purchased $10 million of UBER stock, a significant insider buy. President Andrew Macdonald also bought shares, signaling management confidence.
Uber Stock Rebounds as Waymo-Lyft Alliance Raises Margin Concerns
Uber shares climb 1.3% on Thursday, yet Waymo's new Lyft partnership pressures its 4.9% EBITDA margin. Investors watch AV competition.
Uber Stock Slips 3.5% as Investors Weigh Cost Cuts vs. AV Ambitions
Uber (UBER) fell 3.5% Tuesday as investors weighed the impact of layoffs and autonomous vehicle investments on growth. The stock closed at $73.13.
Uber Restructures: 10% Staff Cut, Africa Pullback, London AV Trial
Uber announces a 10% staff reduction and exits Nigeria and Uganda, while launching a supervised autonomous vehicle trial in London. Shares rose 1.6% on the news.
Uber Narrows Africa Presence Amid Strategic Market Pruning
Uber shares edged higher after the company ended ride services in Nigeria and Uganda, reducing its African markets to four. The move is seen as a strategic pruning.
Wayve Launches Paid Robotaxi Service in London with 15 Cars
Wayve kicked off paid autonomous rides in London with just 15 vehicles, testing its $8.6B valuation. The limited fleet faces a huge demand gap with 100,000 interested customers.
Uber's $10B AV Push Puts Cash Flow in Focus as Shares Hold Near $75
Uber shares hover near $75 as BMO maintains a $119 target, with the company's $10B autonomous vehicle plan and robust cash flow in focus.
Uber Shares Slide 4% as Delivery Hero Deal Premium Fuels Closure Doubts
Uber shares dropped 4% as Delivery Hero's 13% premium highlighted uncertainty over the deal's closure, with the market pricing in significant execution risk.
Salesforce Surge Lifts KASE Global as Asian Markets Close Mixed
Salesforce's strong earnings and guidance lifted KASE Global shares, while Asian markets closed mixed. Korea and China advanced on AI hardware strength, but Japan and Hong Kong lagged.
Tesla Jumps 5% on Nevada Robotaxi Approval, But Scaling Questions Remain
Tesla (TSLA) rallied 5.14% to $362.86 after Nevada granted a robotaxi permit allowing up to 5,000 vehicles, though the company's current unsupervised fleet is just 232, raising questions about near-term scalability.
Uber Shares Rebound as Strong Cash Flow Bolsters $10B Robotaxi Plan
Uber shares climbed 6.4% to $75.02, supported by record free cash flow that underpins its $10 billion robotaxi commitment. Analysts cut targets but kept positive ratings.
Uber stock slips 5% as robotaxi spending overshadows strong bookings
Uber's Q2 beat on bookings but missed EPS guidance; shares fell 5.3% as investors focused on heavy robotaxi spending and the Delivery Hero acquisition.
DoorDash Q3 Margin Outlook Beats, But 99x P/E Leaves No Room for Error
DoorDash's Q3 margin outlook beat estimates, but its 99x P/E leaves little room for error. Q2 EBITDA topped, but EPS missed by a penny.
Dow Rises on Rate-Sensitive Gains While Market Breadth Weakens
The Dow gained 0.87% even as private payrolls missed forecasts and ISM prices jumped. Nasdaq and small caps declined, with weak breadth and healthcare outperforming tech.
Uber's Cash Conversion Under the Microscope Ahead of Q2 Results
Uber (UBER) reports Q2 earnings amid concerns that booking growth isn't translating into cash, as it prepares a $14.8B Delivery Hero acquisition.
Grab Stock Climbs on Q2 Margin Gains and $750M Buyback
Grab shares jumped 4% premarket after Q2 revenue rose 22% to $997M, adjusted EBITDA surged 54%, and a $750M buyback was announced.
Grab Stock Climbs Ahead of Q2 Earnings as Superbank Consolidation Draws Focus
Grab shares advanced 3.1% to $3.61 ahead of Q2 earnings, with focus on adjusted EBITDA margins and Superbank consolidation effects on revenue.
Lucid Shares Jump 22% on Saudi Prince's 5% Stake Disclosure
Lucid shares surged 22% after a Saudi prince revealed a 5% passive stake, adding $546 million in market value. The stock later slipped in premarket trading.
Grab Holdings Up 1.8% in Premarket as Q2 Profit Targets Tighten
Grab Holdings (NASDAQ:GRAB) gained 1.8% in premarket trading after a 7.3% weekly decline, as Q2 margin outlooks raise the profit hurdle ahead of its August 3 earnings report.
Uber Market Cap Drops $6 Billion on Waymo Partnership Breakup Fears
Uber shares slid 4.3% on Friday, wiping out $6.1 billion in market value, following a report that Waymo is considering ending their robotaxi partnership.
Joby Aviation Shares Slide as Virgin Deal Sparks Revenue Concerns
Joby Aviation (JOBY) shares dropped 5.7% as its Virgin Atlantic deal lacked specifics on revenue, launch timing, and profit sharing, fueling investor skepticism.
Joby Aviation Shares Dip as UK Deal Spotlights Cash Runway to 2028
Joby Aviation shares declined as its Virgin Atlantic deal underscores a cash runway to 2028, matching the UK's target for commercial eVTOL flights. The stock fell 1.7% in New York trading.
Grab Shares Slide 9% as Uber-Delivery Hero Deal Raises Incentive Concerns
Grab shares dropped 9.2% this week as Uber's $14.8 billion bid for Delivery Hero, covering foodpanda in five key markets, heightens scrutiny on incentive spending.
Lucid's $948 Million Market Cap Wipeout Nearly Erases April Capital Infusion
Lucid's stock crashed 44%, erasing $948 million in market cap—almost all of its April capital package—amid reports of a possible sale or bankruptcy.