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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
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 $6…
Will Daniel
Lyft erases losses, swings 10% higher after court issues emergency stay for driver classification order
Lyft shares initially tanked 9% after it announced it would suspend California operations. The emer…
Ben Winck
Uber jumps 4% after reporting record bookings for March driven by delivery business
"As vaccination rates increase in the United States, we are observing that consumer demand for mobi…
Matthew Fox
Uber drops 2% after the UK Supreme Court rules that its drivers are employees, not contractors
The ruling could have wide ramifications for workers and companies within the gig economy across Eu…
Matthew Fox
Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says
"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…
Matthew Fox
'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
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
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
'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
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
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
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
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
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
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…
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
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
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
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…