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1 min read

Uber jumps 8% after it agrees to buy alcohol-delivery service Drizly for $1.1 billion

Drizly's marketplace will be combined with the Uber Eats app, while it continues to keep its own st…

Shalini Nagarajan   


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2 mins read

Uber stock could jump 28% as the economy reopens but regulatory overhang is a risk, Wedbush says

Wedbush reiterated its "outperform" rating for Uber on Thursday, but lowered its price target to $6…

Will Daniel   


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2 mins read

Lyft erases losses, swings 10% higher after court issues emergency stay for driver classification order

Lyft shares initially tanked 9% after it announced it would suspend California operations. The emer…

Ben Winck   


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1 min read

Uber jumps 4% after reporting record bookings for March driven by delivery business

"As vaccination rates increase in the United States, we are observing that consumer demand for mobi…

Matthew Fox   


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1 min read

Uber drops 2% after the UK Supreme Court rules that its drivers are employees, not contractors

The ruling could have wide ramifications for workers and companies within the gig economy across Eu…

Matthew Fox   


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2 mins read

Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says

"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…

Matthew Fox   


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1 min read

'Herculean-like challenges looking ahead': Here's what 4 analysts are saying ahead of Uber's first-quarter earnings report

Uber also reports results following its main rival in the sector, Lyft. Shares of Lyft surged as mu…

Carmen Reinicke   


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2 mins read

Uber may pay a 25% premium for Grubhub in a takeover, Barclays says

The potential deal "allows GRUB shareholders to participate in what we think could be a strong ride…

Carmen Reinicke   


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1 min read

Uber and Lyft will outperform despite US Labor Secretary's comments that gig workers should be treated as employees, Wedbush says

Wedbush's Dan Ives said that based on industry checks with legal experts he believes federal involv…

Will Daniel   


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5 mins read

'A long road ahead': Here's what 4 analysts expect when Uber reports quarterly earnings

Several analysts expect Uber's Eats business to double in size over the quarter and possibly offset…

Ben Winck   


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2 mins read

Uber stock turns higher as CEO Khosrowshahi touts 'very high rates' of growth in delivery business

Uber stock moves higher Thursday as CEO Khosrowshahi sees 'delivery habit' fueling growth for Uber …

Carla Mozée   


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1 min read

Uber stock slips as Chinese rival reportedly plans to enter the Western European market

Uber stock was weighed down by a report that Chinese rival Didi is looking to enter the ride-hailin…

Carla Mozée   


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1 min read

GrubHub surges 37% on report of potential takeover by Uber

Both companies are in negotiations and could close a deal before the end of the month, sources fami…

Ben Winck   


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Uber stock tanks 6% after the ride-hailing firm lost its London operating license

The stock fell 6.3% in premarket trading, at 10:30 a.m. in London (5:30 a.m. ET), after Transport f…

Yusuf Khan   


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2 mins read

Here's how much Uber stock ousted CEO Travis Kalanick actually controls

Kalanick's control over those three seats has allowed him to stay so actively involved at Uber that…

Julie Bort   


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2 mins read

Uber has revoked job offers made to graduates from IIMs, MDI, SPJIMR

The COVID-19 crisis has not just impacted the salaried employees but also the new college graduates…

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3 mins read

Investors who dumped Uber stock last week are idiots: Here's what's really going on.

The "loss" was mostly a non-cash stock-based compensation expense of $3.9 billion. Issuing stock co…

Jim Edwards   


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2 mins read

Lyft stock jumps as much as 11% after ride-hailing firm said it could turn a profit by the end of the year

The ride-hailing app was battered by the pandemic last year, but Lyft stock jumped on Wednesday aft…

Harry Robertson   


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2 mins read

Uber surges over 7% to touch record highs as SoftBank announces it sold $2 billion in stock

SoftBank announced that it had sold $2 billion in Uber stock at an average price of $53.46 per shar…

Will Daniel   


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1 min read

Uber climbs as the ride-hailing service forecasts adjusted profit for the 3rd quarter

Uber also increased the top end of its gross bookings outlook for the third quarter to $22.8 billio…

Carla Mozée