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Uber Technologies, Inc. develops and operates proprietary technology applications 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; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services. The company operates through three segments: Mobility, Delivery, and Freight. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered; and offers grocery, alcohol, and convenience store delivery, as well as select other goods. 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, as well as transportation management and other logistics services offerings. 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.
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Uber Technologies (NYSE:UBER | UBER Price Prediction) currently trades at $72.38, while the Wall Street consensus price target sits at $103.58.
Cache Advisors LLC cut its stake in shares of Uber Technologies, Inc. (NYSE: UBER) by 25.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,557 shares of the ride-sharing company's stock after selling 18,300 shares during the period. Uber Technologies accounts for
BIP Wealth LLC increased its position in Uber Technologies, Inc. (NYSE: UBER) by 446.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,366 shares of the ride-sharing company's stock after purchasing an additional 9,285 shares during the
Volkswagen subsidiary MOIA America and Uber have started testing autonomous microbuses in Los Angeles, the companies announced Wednesday, the latest step as they prepare to launch a robotaxi service by late 2026.
Uber Technologies (NYSE:UBER | UBER Price Prediction) trades at $73.23 as of writing, sitting 29% below its 52-week high of $101.99 and down 11.6% year-to-date.
Waymo launches in Nashville. CNBC's MacKenzie Sigalos explains what it means for Uber and Lyft.
U.S. stocks soared on Wednesday, following Tuesday's mixed close. Futures of the major benchmark indices surged as President Donald Trump announced a two-week ceasefire on Iran strikes.
On Tuesday, Amazon announced that Uber was expanding its contract for AWS cloud services to run more of its ride-sharing features on Amazon's chips. Uber will particularly expand its use of AWS's Graviton (a low-power, ARM-based server CPU) and start a new trial testing Trainium3, AWS's Nvidia competitor AI chip.
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Uber is using Amazon's custom chips to speed up computing and train artificial intelligence models, the cloud giant said on Tuesday, as the ride-hailing firm seeks advanced hardware to handle growing digital workloads.
SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) and Ace Hardware, the world's largest hardware cooperative, today announced a new partnership that will bring over 3,700 Ace Hardware locations across all 50 states to the Uber Eats platform. Together, Ace's neighborhood footprint and Uber's delivery technology make it even easier for consumers to shop for home improvement essentials with just a few taps. Live today, customers can shop their neighborhood Ace Hardware on the Ub.
Uber has opted not to build its own self-driving cars. It can still benefit from greater adoption of the tech thanks to the partnerships it has signed.
Energy, EVs, and rideshare companies take Scott Bauer's (@ProsperTradingAcademy) attention for Monday's Big 3. He sees opportunity in the volatile energy trade with Cheniere Energy (LNG), Tesla (TSLA) regaining bullish momentum, and Uber Technologies (UBER) holding strong long-term fundamentals.
UBER's planned Blacklane buy aims to scale chauffeur-driven Uber Elite and boost premium travel reach -- pending approvals, closing by end-2026.
