Uber's mobility segment, generating $6.41 billion in Q3 2024, remains the core of its business, driving impressive share-price gains and robust growth post-Covid. My unique perspective as an Uber driver reveals hidden perks and gamification strategies that enhance driver engagement and earnings, supporting sustained growth. Despite macroeconomic challenges, Uber's flexible work options, vehicle...
Uber's unique combination of Mobility and Delivery services globally sets it apart from competitors like Grab, Didi, and Lyft. Autonomous vehicles are unlikely to present a threat to Uber, as its business model will remain intact even if AVs proliferate. The stock is reasonably valued when assessing opportunities and risks, that's why I rate it a buy.
The Dow rose more than 460 points on Thursday as investors bought stocks that are closely tied to the economy. Here's what on CNBC's radar going into Friday.
When autonomous driving firm Pony.ai goes public, Uber reportedly plans to invest. The ride hailing/food delivery company intends to purchase more than $10 million worth of shares in Pony.ai's initial public offering (IPO), which is expected to be priced next week, Bloomberg News reported Thursday (Nov. 21), citing sources familiar with the matter.
Uber Technologies launched "XXL" rides with extra trunk space on Wednesday, betting on increased demand stemming from Thanksgiving holiday travelers, as the ride-hailing company seeks to overcome a slowdown in its mainstay app-based taxi business.
Uber Technologies Inc (NYSE:UBER, ETR:UT8)'s ridesharing offering is not facing a material threat in the near term despite speculation around the effect of incoming robotaxi services, Jefferies analysts say. Robotaxi fleets will unlikely be able to undercut on pricing, with the rise of automatic driving technologies seen rather as an opportunity for Uber, the bank wrote in a note.
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