Uber Technologies Inc
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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Stocks making the biggest moves midday: Uber, DoorDash, Coinbase and more
Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the […]
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Amazon takes stake in Grubhub, adds food delivery perks to Prime
Food delivery workers on bicycles travel along a street in New York, U.S., on Tuesday, March 17, 2020. Debetrius Freeman | Bloomberg | Getty Images Amazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program a one-year membership to the […]
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Stocks making the biggest moves premarket: Uber, DoorDash, Spirit, Altria and more
Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its “Prime” members. Amazon’s deal also gives it […]
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Morgan Stanley loves these 9 global stocks trading at ‘significant’ lows
Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs. Source
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