Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services. The company operates through five segments: Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (ATG) and Other Technology Programs. The Rides segment offers products that connect consumers with rides drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also provides Uber for Business, financial partnership services, and vehicle solutions offerings. The Eats segments offering enables consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment. The Other Bets segment provides access to rides through various modes, including dockless e-bikes and e-scooters; and other platform related services. The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Uber Technologies, Inc. NYSE:UBER
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The Coronavirus has pushed multiple governments into ordering nationwide lockdowns that are making it harder for the citizens to access essential items. To make things easier for the Parisians, France’s top supermarket retailer, Carrefour (EPA:CA), announced its partnership with Uber Eats (NYSE:UBER) on Wednesday for efficient delivery of food and other essential items to the people via online shopping. The service is expected to go live on April...
With Coronavirus restricting people to their homes and the U.S government recommending them to avoid unnecessary traveling, Uber Technologies took a significant hit evident in its 20% decline in the stock market on Wednesday. CEO Dara Khosrowshahi, however, commented on Thursday that the ride hailing company has sufficient funds to thrive amidst the Coronavirus pandemic. Following his statement, Uber climbed around 44% in the stock market on Thur...
Two of the market-dominating ride-hailing services in the U.S, Uber Technologies and Lyft Inc have recently been announced to have chosen different paths to seek higher profit. While Lyft announced plans of improving investments in the core ride-hailing unit, Uber expressed a desire to diverge investments into other, currently money-losing, segments to improve their profitability. Only recently, Uber had declared that its target of company-wide p...
Uber revealed its quarterly loss to have narrowed as compared to what the analysts had anticipated on Thursday. The American ride-hailing service also announced its forecast for EBITDA profitability. Uber had previously committed to profitability next year. Following CEO Dara Khosrowshahi’s statement that the EBITDA profitability target is likely to be hit in 2020’s fourth quarter, Uber was seen trading around 10% higher in extended t...
Shares of Uber are trading more than 6% higher in the premarket trading session after the company CEO’s moved the EBITDA profitability target to the Q4 this year, ahead of its original promise of profitability in 2021. Fundamental analysis: Growth picks up Uber reported a loss for the fourth-quarter (negative $0.64 per share), however, it was still better than the negative $0.68 expected from the analysts. In total, the company lost $1.1 billion...
If you thought last year’s IPO market was one of the slowest, you might want to reconsider that after a recent surprising statistic that suggested IPOs beat the market last year. You heard it right, 2019 was among the best IPO years despite being dominated by failed IPOs and disappointing listings such as Uber and Peloton. The Renaissance IPO Index rose 35% last year, elbowing the S&P 500’s impressive 30% gain. JP Morgan’s c...
|Name||Uber Technologies, Inc.|
|Exchange||New York Stock Exchange|
|Full time employees||26,900|