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Uber Gets Egypt Approval For $3.1B Middle-East Rival Acquisition Deal
Monday, December 30, 2019 - 6:51am | 322Read More...The Egyptian authorities have approved the San Fransisco-based ride-sharing company Uber Technologies Inc.'s (NYSE: UBER) bid to acquire middle-east rival Careem Inc. What Happened In a statement on Sunday, the Egyptian Competition Authority said that the authorities had approved the...
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Kara Swisher: It's 'Not A Great Time' For Uber's CEO
Monday, November 25, 2019 - 3:38pm | 462Read More...Ride-hailing company Uber Technologies Inc (NYSE: UBER) lost its license to operate in London, and this represents another setback under the leadership of CEO Dara Khosrowshahi, according to Recode co-founder Kara Swisher. 'Not A Great Time' For Khosrowshahi Khosrowshahi...
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'Boycott Uber' Trends After CEO Calls Khashoggi's Murder A 'Mistake'
Monday, November 11, 2019 - 11:16pm | 554Read More...Ride-hailing company Uber Technologies Inc (NYSE: UBER) is facing calls for a boycott after its CEO called the murder of journalist Jamal Khashoggi a “mistake” by the Saudi Arabian government in an interview with Axios on HBO on Sunday. What Happened “I think that government said...
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Uber Analyst Says Sentiment Could Shift For Ride Share Giant
Monday, September 30, 2019 - 12:38pm | 402Read More...Ride-hailing company Uber Technologies Inc (NYSE: UBER) introduced a new platform Thursday that creates an opportunity for sentiment to "shift from pessimism to optimism," according to Raymond James. The Analyst Justin Patterson maintained an Outperform rating on Uber with an...
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Leaders Of 145 Companies Urge Senate To Address Gun Violence
Thursday, September 12, 2019 - 3:55pm | 658Read More...The leaders of 145 companies on Thursday urged the U.S. Senate to require expanded background checks on gun sales and enact other laws aimed at preventing gun violence. In a letter to the Senate, the top executives of the companies said a gun violence epidemic in the country is now affecting their...
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Bullish Sell-Side Unfazed By Uber's Big Quarterly Loss: 'A Clear Path To Profitability'
Friday, August 9, 2019 - 11:06am | 690Read More...Uber Technologies Inc (NYSE: UBER) disappointed investors by missing top- and bottom-line expectations Thursday, but several sell-side analysts found reasons to remain bullish on the stock. Uber reported a second-quarter loss per share of $4.72, larger than expected, on lower-than-anticipated...
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Profit Projections, Helicopter Rides, Autonomy: Highlights From Uber CEO's Economic Club Speech
Tuesday, June 11, 2019 - 3:07pm | 444Read More...Uber Technologies Inc (NYSE: UBER)'s initial public offering coincided with the start of the Sino-American trade war, and there's "nothing you can do about it," CEO Dara Khosrowshahi reportedly said during a Tuesday speech at the Economic Club of Washington, D.C. What...
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Buffett Rebuffed: $3B Investment Offer To Uber This Year Fizzled After Talks Stalled
Thursday, May 31, 2018 - 9:27am | 427Read More...Warren Buffett confirmed Wednesday that Berkshire Hathaway Inc. Class A (NYSE: BRK-A) (NYSE: BRK-B) held investment talks with Uber. What Happened The 87-year-old billionaire investor vaguely refuted some parts of the Bloomberg report that first exposed the interactions. "I'm a great...
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In Numbers And Narrative, Uber's Q4 Suggests A Recovery
Wednesday, February 14, 2018 - 2:29pm | 408Read More...The narratives around Uber’s year-end earnings vastly diverge. One headline celebrates a 61-percent year-over-year rise in fourth-quarter revenue, while another laments a full-year loss expansion of 60 percent. The Facts In the final quarter of 2017, Uber’s $475-million adjusted loss...
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Report: Uber Paid Hackers After Data Theft From 57 Million Riders, Drivers
Wednesday, November 22, 2017 - 2:47pm | 361Read More...Uber's public relation nightmares aren't going away despite a change in leadership. The company announced Wednesday that it was the victim of a 2016 data breachn that resulted in the theft of data from more than 57 million users and drivers. But on Wednesday the company released a...
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'PE FANG' Is The New 'FANG,' Says Internet Analyst Mark Mahaney
Friday, September 29, 2017 - 12:20pm | 434Read More...Notable internet analyst Mark Mahaney of RBC Capital is a fan of the "FANG" group, but he feels an addition of two names to create "PE FANG" would be more appropriate. The "FANG" group brings together four of the biggest internet-related names, including Facebook Inc (...
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Will The Bromance Between Uber's New CEO And Co-Founder Last?
Friday, September 1, 2017 - 8:33am | 320Read More...Uber's recently appointed CEO Dara Khosrowshahi and ousted CEO and co-founder Travis Kalanick are getting along and could be building a bit of a bromance. Kalanick earned a reputation as being a bit of a wildcard and was reportedly plotting a return to power by "Steve Jobs-ing it." But Kalanick...
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We Know How Uber's New CEO Got His Job, Thanks To A Leak
Thursday, August 31, 2017 - 1:25pm | 375Read More...Dara Khosrowshahi's tenure as Uber's new chief is off to a bit of a rocky start as an audio leak exclusively obtained by Yahoo News gives some background on how he obtained the job. Khosrowshahi hosted his first meeting as head of Uber and told the ride-hailing company's employees he was first...
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Expedia Lower After CEO Resigns
Monday, August 28, 2017 - 12:13pm | 117Read More...Expedia Inc (NASDAQ: EXPE) shares are trading lower by $6.12 at $143.14 in Monday's session. The catalyst for the decline is the unexpected resignation of its CEO, Dara Khosrowshahi, who left the company to become the new CEO at Uber. After a lower open, it immediately peaked at $143.87 and then...
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What's Ahead For Expedia As CEO Exits For Uber CEO Post
Monday, August 28, 2017 - 11:01am | 415Read More...Dara Khosrowshahi, Expedia Inc (NASDAQ: EXPE)'s veteran CEO, reportedly accepted the vacant CEO position at Uber and will be leaving the online travel agency. Shares of Expedia fell more than 4 percent following the reports, which implies Expedia's investors view Khosrowshahi's...















