Tag: $Uber

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.

 Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

Uber Technologies Inc. faced a case of high expectations heading into Wednesday’s earnings report, and its stock was headed lower premarket even as the ride-hailing giant cleared Wall Street’s bar.

Uber Technologies 0.82% reported third-quarter revenue below Wall Street expectations on Tuesday, but earnings above the consensus call.China’s exports fell by 6.4% year-on-year in October in U.S. dollar terms, China’s customs agency said Tuesday.

(Bloomberg) — Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.