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Uber's Ride-Hailing Business Shows Recovery In May, Food Delivery Continues On Pandemic Growth, CEO Says
Thursday, June 4, 2020 - 4:43am | 368Read More...Uber Technologies Inc. (NYSE: UBER) is seeing its business slowly recovering from lows hit earlier this year due to the novel coronavirus-related (COVID-19) lockdowns, Chief Executive Officer Dara Khosrowshahi said in a conference call with Bank of America analysts, Reuters reported. What Happened...
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Uber, Lyft Temporarily Suspend Service In Some US Cities Due To Protests
Tuesday, June 2, 2020 - 5:50am | 396Read More...As protests continue over the killing of George Floyd, an African-American who died while being restrained by a white policeman, some local governments have imposed curfews, leading to ridesharers Uber Inc. (NASDAQ: UBER) and Lyft Inc. (NASDAQ: LYFT) suspending services. What Happened Uber has...
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Uber To Donate $1M To Groups That Make 'Criminal Justice In America More Just,' Says CEO Khosrowshahi
Monday, June 1, 2020 - 12:54am | 383Read More...Uber Inc. (NYSE: UBR) will donate a million dollars to two justice reform groups to express solidarity with the black community in the wake of the protests that have escalated over the killing of George Floyd. What Happened The CEO of Uber, Dara Khosrowshahi, tweeted Sunday the company “...
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GrubHub Rejects Uber's Latest Acquisition Proposal, But Talks Continue: Report
Monday, May 18, 2020 - 6:08am | 285Read More...GrubHub Inc. (NYSE: GRUB) has rejected the latest acquisition offer from Uber Technologies Inc. (NYSE: UBER), according to a Wall Street Journal report Monday. What Happened The food delivery business's Chief Executive Officer Matt Maloney met his Uber counterpart Dara Khosrowshahi on Sunday,...
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Uber To Cut Thousands Of Jobs Again
Monday, May 18, 2020 - 1:52am | 269Read More...Uber Technologies Inc. (NYSE: UBER) is trimming its workforce by the thousands in a new round of layoffs. What Happened A Business Insider source revealed that the ride-sharing company plans a massive cull of its workforce. An Uber spokesperson told the publication, “As you would expect...
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Uber CEO On Q1 Results, Outlook: 'Everything Is On The Table Now'
Friday, May 8, 2020 - 3:45pm | 573Read More...Ride-hailing company Uber Technologies Inc (NYSE: UBER) experienced a strong January and February, followed by a "difficult" March and then a "shock to the system" in April as Rides experienced an 80% year-over-year decline, CEO Dara Khosrowshahi said on CNBC's "Squawk...
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Uber Launches Tool To Help Drivers Affected By Coronavirus Find Work
Tuesday, April 7, 2020 - 7:47am | 430Read More...Uber Technologies Inc. (NYSE: UBER) announced on Monday a new tool to help drivers affected by novel coronavirus (COVID-19) pandemic find work. What Happened The tool called "Work Hub" has been added to the Uber driver app across platforms, and it is only available in the United States at...
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Self-Driving Car Engineer Demands $180M Compensation From Uber For Google Trade-Secret Theft Case
Thursday, April 2, 2020 - 5:33am | 314Read More...Self-driving technology star Anthony Levandowski has filed a motion to get Uber Technologies Inc. (NYSE: UBER) into an arbitration, Bloomberg reported Wednesday. What Happened The arbitration is related to the trade secret-theft dispute with Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) and the...
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Uber CEO Asks Trump To Provide Relief To Drivers On Its Platform Due To Pandemic
Tuesday, March 24, 2020 - 6:06am | 440Read More...Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter. Uber Technologies Inc. (NYSE: UBER) chief executive officer Dara Khosrowshahi on Monday wrote to President Donald Trump, asking him to provide...
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Uber CEO Confident Company Will Survive Coronavirus Pandemic, Reveals It Has $10B In Liquidity
Friday, March 20, 2020 - 6:41am | 517Read More...Uber Technologies Inc.’s (NYSE: UBER) CEO Dara Khosrowshahi assured investors that the company would survive the coronavirus pandemic even as its customer base stays home. Uber Is Sitting On Piles Of Cash Khosrowshahi is taking steps to survive the worldwide spread of COVID-19. He...
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Uber Eats Top Executive Resigns
Tuesday, February 25, 2020 - 11:07pm | 404Read More...Uber Technologies Inc.’s (NYSE: UBER) food delivery arm Uber Eats’ head Jason Droege has resigned. What Happened Pierre-Dimitri Gore-Coty, who is the Vice President of International Rides at Uber, will replace Droege as the head of Eats. Droege will stay at the helm at Eats until June...
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Cramer Credits Uber For Getting 'Its Act Together'
Tuesday, February 11, 2020 - 10:05am | 380Read More...Uber Technologies Inc's (NYSE: UBER) management team deserves credit for getting "its act together" and this could result in a sooner-than-expected profit, according to CNBC's Jim Cramer. Uber's "phenomenal" earnings report is highlighted by a better-than-...
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Uber's End To 'Rock Star-Like Spending,' Aim For Quicker Profitability
Friday, February 7, 2020 - 10:54am | 816Read More...A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to boost price expectations on the stock. Analysts...
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Uber Turns In Big Revenue Beat, Says Era Of Growth At All Costs Is Over
Thursday, February 6, 2020 - 5:39pm | 476Read More...Uber Technologies, Inc. (NYSE: UBER) crushed expectations for fourth-quarter earnings, while losing less per share than expected. The ride-hailing pioneer on Thursday reported quarterly revenue of $6.069 billion, topping the analyst consensus estimate of $4.06 billion by nearly 50%....
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Uber CEO Talks Kalanick, Zomato And Growth
Wednesday, January 22, 2020 - 5:05pm | 332Read More...Uber Technologies Inc (NYSE: UBER) CEO Dara Khosrowshahi spoke to CNBC from the sidelines of the World Economic Forum and covered several key topics on shareholders minds. Travis Kalanick Uber's co-founder and ex-CEO Travis Kalanick sold nearly his entire stake in Uber by the end of 2019 as...
















