Uber Technologies Inc
Uber updates grocery delivery service with after-hours ordering and more
Uber Eats workers wait for orders in central Kiev, Ukraine July 31, 2019. Valentyn Ogirenko | Reuters Uber announced the most comprehensive update to its grocery delivery service on Thursday since its initial launch in 2020, introducing a series of new features that aim to make the experience more convenient for consumers and merchant partners. […]
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Uber sued by more than 500 women over sexual assault claims
An iPhone displays the Uber ride-hailing app on 26 September 2017, in Hong Kong. studioEAST | Getty Images Uber is being sued by more than 500 women who claim they were assaulted by drivers on the platform. The complaint, filed Wednesday, claims that “women passengers in multiple states were kidnapped, sexually assaulted, sexually battered, raped, […]
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Delivery startup Gopuff cuts 10% of its global workforce and closes 76 U.S. warehouses
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery startup Gopuff is cutting 10% of its global workforce and closing 76 U.S. warehouses, according to a letter to investors. The layoffs impact about 1,500 employees who will be notified throughout Tuesday, the letter said. The company is also closing […]
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What Amazon’s Grubhub stake means for investors and the future of delivery
Amazon’s latest partnership with Grubhub will have little impact on the company’s stock but could signal a growing appetite to compete in restaurant delivery, analysts say. The technology company announced last week it’s partnering with the delivery platform to offer Prime users a free year membership to Grubhub+. As part of the deal, Amazon will […]
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Uber lobbied, used ‘stealth’ tech to block scrutiny, report says
A driver uses the Uber app to drop off a passenger. Chris J. Ratcliffe | Bloomberg via Getty Images As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch″ to thwart regulators and law enforcement, channeled money through Bermuda and […]
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Stocks making the biggest moves midday: Twitter, Wynn Resorts, Lululemon, Nio and more
Traders work on the floor of the New York Stock Exchange. NYSE Check out the companies making headlines in midday trading. Twitter — Shares of the social media company dropped more than 8% after Elon Musk walked away from his $44 billion deal to buy Twitter. Musk alleged that Twitter under-reported the number of spam bots on the […]
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Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las Vegas […]
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Uber’s money-losing ride may be nearing an end, but the road to a long-term win remains uncertain
Uber posted a $5.9 billion loss in the first quarter of 2022. Philip Pacheco | AFP via Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. The creation of Uber in the wake of the 2008 financial crisis can be compared to an earlier […]
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Top SoftBank exec steps back from role at Vision Fund as pressure mounts on investments
Rajeev Misra will step down from his role as CEO of SoftBank Global Advisors, which manages the Vision Fund 2. It comes as pressure mounts on SoftBank’s investment strategy amid a string of bad bets and a crash in technology stocks this year. Patrick T. Fallon | Bloomberg | Getty Images Rajeev Misra, who runs […]
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