Tag: $Uber

Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company’s biggest shareholder Prosus.

Uber Technologies plans to invest up to $1.25 billion in electric vehicle maker Rivian Automotive as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031, the companies announced Thursday.

Amazon’s Zoox is making its toaster-shaped self-driving vehicles available through the Uber app in Las Vegas starting this summer, the latest sign of momentum in the nascent but fast-growing robotaxi market.

Uber Technologies Inc. is planning to spend more than $100 million to build fast-charging, autonomous-vehicle charging stations in the US, the latest move to establish itself as a critical player in the robotaxi industry.

Uber on Wednesday rolled out fully driverless rides in its fourth market, launching the service in Abu Dhabi in partnership WeRide, a Chinese autonomous vehicle company.

Uber shares fell 4% before the bell even after the ridesharing company beat Wall Street’s third-quarter revenue expectations.

Air-taxi maker Joby Aviation (JOBY.N), said on Wednesday that it planned to bring Blade’s helicopter and seaplane services to the Uber (UBER.N), app as soon as next year.

Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback.

 Uber (UBER.N), will invest $300 million in electric vehicle maker Lucid (LCID.O), in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Uber Technologies Inc (NYSE:UBER) stock rose 2.75% in premarket trading Tuesday after the company announced the launch of autonomous ride services in Atlanta in partnership with Waymo.

Uber on Tuesday announced it’s partnered with self-driving car technology firm Wayve to launch trials of fully autonomous rides in the U.K., starting in spring 2026.

Uber reported first-quarter results Wednesday that beat analysts’ expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report.

Uber Technologies on Wednesday reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar, sending its shares 6% down before the bell.

Delta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the airline ends its eight-year partnership with smaller ride-hailing rival Lyft.

Taiwan has blocked Uber Technologies’  planned $950 million takeover of Foodpanda’s local delivery business on anticompetition concerns, thwarting the U.S. company’s efforts to expand in Asia.

Ride-hailing platform Uber has been fined 290 million euros ($324 million) in the Netherlands for sending the personal data of European taxi drivers to the United States in violation of EU rules, Dutch data protection watchdog DPA said on Monday.

Uber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about 4% in pre-market trading.

 Uber and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally.

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million.

Uber  reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss.