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The Latest Breaking News from Uber Technologies Inc

Peering Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has risen 8.03% since its last report. The company recently reported that it has 73.73 million shares sold short, which is 4.17% of all regular shares that are available for trading.

Benzinga

Uber, Lyft scrap mask requirement for US riders, drivers

Uber Technologies Inc. and Lyft Inc. will no longer ask riders and drivers in the U.S. to wear masks, joining a growing number of major transport providers shifting their policies.

Tribune News Service

Uber Withdraws Mask Mandate In US

Uber Technologies Inc (NYSE: UBER) lifted its mask mandate for riders and drivers in the U.S.

Benzinga

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4 Gig Economy Stocks Wall Street Predicts Will Rally 48% or More

The gig economy has grown substantially, accounting for one third of the American workforce in 2021. And rising inflation is driving an increase in gig work participation. With the global gig economy expected to continue growing, Wall Street expects the stocks of gig economy companies DoorDash (DASH), Lyft (LYFT), Upwork…

StockNews.com

Lyft, Uber Face Flak For Initiating Surge After Dreadful Subway Attack; Look To Refund Riders

Lyft Inc (NASDAQ:LYFT) suspended its surge pricing citywide on April 12 after the horrific subway attack that injured at least 29 people, the New York Post reports. Larger rival Uber Technologies Inc (NYSE:UBER) restricted its suspension of demand-based rates to Brooklyn, where the shooting occurred. The shooting, around 8:30 a.m, had snapped train service…

Benzinga

Peering Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has fallen 19.25% since its last report. The company recently reported that it has 68.26 million shares sold short, which is 3.86% of all regular shares that are available for trading.

Benzinga

Feds Seize $34M In Bitcoin From Hacker Selling Data On Dark Web

United States prosecutors confiscated about $34 million in cryptocurrency from a Florida man who sold stolen account credentials for services such as Netflix Inc. (NASDAQ: NFLX), HBO and Uber Technologies Inc. (NYSE:

Benzinga

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Should Lyft and DoorDash Merge To Better Compete With Uber? Analyst Pierre Ferragu Thinks So

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers. The combination of food…

Benzinga

Uber Goes Aggressive In One Of Its Leading Market Following Pandemic Recovery

Uber Technologies Inc (NYSE: UBER) looks to add long-distance travel bookings to its U.K.

Benzinga

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

Benzinga

Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's (NASDAQ:GRAB) technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports. Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the…

Benzinga

Instacart Cuts Valuation By 40%: Bloomberg

American grocery company Instacart Inc has slashed its valuation by 40% to about $24 billion, Bloomberg reported. The food-delivery startup had been valued at $39 billion in its most recent fundraising round, the report added. The pandemic darling hoped the move to boost talent retention. Factors like higher interest rates, inflation, and a…

Benzinga

BP To Inject £1B In UK Electric Vehicle Charging Infrastructure

BP plc (NYSE:BP) has announced a £1 billion investment for the U.K. electric vehicle (EV) charging infrastructure over ten (10) years. The investment, which will see a tripling of charging points by 2030, was unveiled during an official visit by Transport Secretary Grant Shapps to BP pulse's UK headquarters in Milton Keynes. It…

Benzinga

Uber Analyst Says Business Is Booming In March, Despite Spike In Gas Prices

Shares of Uber Technologies Inc (NYSE: UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time.

Benzinga

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Benzinga

Why Uber Shares Are Surging

Uber Technologies Inc (NYSE: UBER) shares are trading higher Thursday morning following a Wall Street Journal report indicating the company has reached a deal to list all New York

Benzinga

EVgo Bags California Energy Commission Grants For Rideshare Electrification

EVgo Inc (NASDAQ:EVGO) has been selected for proposed awards for two California Energy Commission (CEC) Charging Access for Reliable On-Demand Transportation Services (CARTS) grants. The proposed grant amounts to over $3.6 million. The proposed awarding of two CARTS grants builds upon EVgo's previously announced partnership with Uber Technologies Inc (NYSE:UBER). EVgo will build twin public…

Benzinga

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform. Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Benzinga

Looking Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has risen 14.08% since its last report. The company recently reported that it has 82.76 million shares sold short, which is 4.7% of all regular shares that are available for trading.

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Benzinga

Lyft, GrubHub Follow Uber, Boost Gig Driver Pay

Lyft Inc(NASDAQ:LYFT) admitted adding a temporary surcharge on its rides to help drivers deal with surging gas prices, CNBC reports. The Uber Technologies Inc(NYSE:UBER) competitor did not elaborate much on surcharge. Food-delivery marketplace GrubHub Inc (NASDAQ:GRUB) also boosted the pay for its gig drivers, Bloomberg reports. Related Content: Uber Adds Surcharge To Help Drivers Bear…

Benzinga

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

Benzinga

Uber, Lyft Drivers Lock Horns With Riders Over Mask Mandate: WSJ

A new crisis challenges the ride-sharing companies like Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) as the states lift mask mandates, the Wall Street Journal reports. The companies require the riders to continue wearing masks. However, drivers find it challenging to remain masked as the local governments push for a widespread reopening. The U.S.…

Benzinga

Rental Car Companies Mull Electrification: Reuters

The rental car industry, after a stellar performance boosted by the pandemic, is poised to embrace electrification, Reuters reported. Asian automakers could enter the electric transition, dominated by companies in the west, mainly in the U.S. and Europe. The report quoted Olivier Baldassari, group chief countries, and operations officer at rental…

Benzinga

Nvidia Invests $10M In This Uber Spinout

Chipmaking giant NVIDIA Corp (NASDAQ:NVDA) invested $10 million in Uber Technologies Inc (NYSE:UBER) spinout Serve Robotics, TechCrunch reports. Serve aims to use the funds to further expand its sidewalk delivery robot service outside Los Angeles and San Francisco. “Nvidia’s investment is rooted in a longtime partnership with Serve using various technologies from us, from the…

Benzinga

Uber Analyst Bullish Following Guidance Update, Says Rising Gas Prices Not A Threat

Shares of Uber Technologies Inc (NYSE: UBER) gained over 7% on Tuesday morning after the company raised its earnings outlook as the U.S. mobility market continues to recover from the pandemic.

Benzinga

Uber Et al Campaign Against Democrat's Efforts To Classify Gig Workers As Employees

A string of companies using independent contractors as drivers launched a campaign to head off Democratic efforts to classify their workers as employees, allowing them to form unions, the Wall Street Journal reports. The companies include Uber Technologies Inc (NYSE:UBER), Lyft Inc (NASDAQ:LYFT), DoorDash Inc (NYSE:DASH), GrubHub Inc (NASDAQ:GRUB), and others. The companies aim to spend over $1 million…

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