|Bid||37.16 x 1000|
|Ask||37.37 x 1800|
|Day's range||36.92 - 38.78|
|52-week range||13.71 - 47.08|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||06 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||40.12|
According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland, while Delivery Hero is based in Germany.
The feature comes in response to U.S.-wide protests over the death of a black man, George Floyd, while in police custody in Minneapolis, which has become the latest flashpoint for rage over police brutality against African Americans and prompted calls to support black communities and businesses in solidarity. Customers who open the Uber Eats app in major U.S. and Canadian cities will see a banner reading: "Support Black-owned restaurants," and are provided with a list of nearby restaurants. Delivery fees for those orders are being waived until the end of the year, Uber Chief Executive Dara Khosrowshahi said in a Thursday email to U.S. customers.
First came coronavirus, then came the civil unrest. Small businesses with already squeezed margins will not emerge unscathed, according to Fivestars CEO Victor Ho.
Trip requests are now down about 70% from a year earlier, slightly lesser than April's 80% drop, Chief Executive Officer Dara Khosrowshahi said in a conference with Bank of America analysts. Ridership in Hong Kong, which has been one of the most successful cities in the world at containing the novel coronavirus outbreak, has recovered more than 80% from its coronavirus-driven lows, Khosrowshahi said.
New data suggests life is getting back to some form of normal after the worst of the COVID-19 pandemic.
As food delivery service Grubhub (NYSE: GRUB) moves closer to a deal that would sell itself to Uber (NYSE: UBER), sources indicate that the closing might still be threatened by a new demand from Grubhub. While the two companies apparently came close to agreement on the sale price, expressed in terms of Uber stocks per Grubhub stock, talks may have reached an impasse over the latest development. Uber would pay this fee to the food delivery service if regulators block the acquisition.
Take a look at the most recent survey we conducted with a bunch of venture capitalists about mobility and what areas interest them most. A photo below, courtesy of Cris Moffitt, shows a sliver of the thousands of bikes at the yard in North Carolina. Keaks (Kirsten Korosec) has been working on a big(ish) story about JUMP for the last week.
Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years ago, is already backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt.
Jeff Bezos has invested in a British start-up that is planning to use digital technology to disrupt the global logistics industry. Beacon has raised $15m in a funding round, bringing the Amazon mastermind alongside current investors that include Uber founder Travis Kalanick and former Google chairman Eric Schmidt. Mr Bezos was the second-largest investor in the round after US venture capital firm 8VC, which is understood to value the UK business at close to $60m.
A court in Milan has ordered the appointment of a judicial administrator to oversee Uber Italy for one year after determining the company's food delivery service exploited workers, according to Italian news reports. The decision on Friday came amid an ongoing investigation into Uber’s activities in Italy. Italian news agency ANSA quoted the court saying that Uber’s treatment of delivery workers was similar to the “caporalato” system used by organized crime groups to pay desperate migrants a pittance to do farm or construction work off the books.
Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday. Uber Italia said it had made its Uber Eats platform available to restaurants and couriers in full respect of the law and it condemned any form of illegal intermediation. "We participate actively in the debate around regulation which we believe will give the food delivery sector the necessary legal security to prosper in Italy," Uber Italia said in an emailed statement.
Uber riders can keep the same driver for an hour to run errands or take a family member to the doctor.
Uber is bringing a new feature to the U.S. that lets users book rides for $50 an hour and make multiple stops as the ride-hailing company tries to respond to changing consumer needs during the COVID-19 pandemic. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Tampa Bay, Philadelphia, Phoenix, Tacoma, Seattle and Washington, D.C. Uber said it expects to expand this feature into other U.S. cities in the coming weeks. Uber made the move in an effort to offer riders a more convenient way to get things done, and to provide an additional earnings opportunity for drivers as we move forward in this "new normal," Niraj Patel, director of rider operations at Uber, said in a statement.
The option, which is already available in a handful of cities in Australia, Africa, Europe and the Middle East, will cost $50 per hour. Fares for regular Uber rides are generally based on the level of demand and the trip distance. Uber said it decided to expand the hourly feature to the U.S. after riders requested an option for extended trips during the pandemic to avoid exposure to different drivers and vehicles when taking multiple trips in a confined time period.
In an internal memo announcing the most recent cut, CEO Dara Khosrowshahi confirmed that the ridesharing segment was down 80% year over year because people simply aren't traveling much during the public health crisis. One Uber exec has taken the opportunity to unload the majority of her shares. In a fresh Form 4 filing this week, Uber disclosed that communications and public policy chief Jill Hazelbaker had sold off the bulk of her holdings between May 21 and May 26.
There are hundreds of stocks that would have to more than double to revisit their 52-week highs. Let's check out three out-of-favor stocks that are ready to prove the naysayers wrong.
Uber U.K. has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus crisis. The Work Hub sits within the Uber driver app and displays offers of work from third party providers -- including jobs that involve using a car to make deliveries -- offering alternative gigs to drivers whose earnings have been affected by weak demand for ride-hailing during the COVID-19 pandemic. The recruiter, Adecco Group, is also offering temp work via the U.K. Work Hub for drivers.
There’s a brand-new $30 trillion investment trend that has investors across the globe giving on up old way of doing things, and focusing more on sustainable investments
MoneyGram (MGI) partners with Uber to provide to drivers rebates amid the pandemic.
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. The program goes live in Zimbabwe this week, as Vaya finalizes partnerships to begin on-demand electric taxi and delivery services in markets that could include Kenya, Nigeria, South Africa and Zambia.
While social media companies have been encouraged by governments to tackle misinformation and fake news on their platforms, somehow that doesn’t seem to apply if the purveyor of misinformation is the president of the United States. There is further irony and confused logic when Donald Trump complains of free speech being threatened by Twitter’s fact-checking flag against his uncensored tweets about postal ballots, and then instructs his administration to draft orders that would limit free speech protections for social media companies. In a spat between the companies themselves, Mark Zuckerberg implied in a Fox News interview on Wednesday that Twitter was being an arbiter of truth through its actions, a role that Facebook rejected.
Toro's founders started at Uber helping monitor the data quality in the company's vast data catalogs, and they wanted to put that experience to work for a more general audience. The round was co-led by Costanoa Ventures and Point72 Ventures, with help from a number of individual investors. Company co-founder and CEO Kyle Kirwan says the startup wanted to bring to data the kind of automated monitoring we have in applications performance monitoring products.
Uber is cutting 25 per cent of its workforce in India as the US ride-hailing group grapples with severe strain from the coronavirus crisis in its biggest market in Asia. It comes as the technology company rethinks its position in Asia more broadly. Uber has been hard hit by India’s harsh coronavirus lockdown, during which all public transportation including taxis and private car-hailing services were suspended for weeks.
The Estonia-based company is today announcing that it has picked up an additional €100 million ($109 million) in a convertible note. The money is coming from a single investor, Naya Capital Management, which was also a major backer of the company in its last round, a $67 million Series C in July 2019. The funding is one more example of how investors are continuing to support their most promising, and/or most capitalised, portfolio companies as they face drastic losses of business during the COVID-19 pandemic, which can only be more complicated for a startup built on a business model that -- even in the best of times -- is very capital-intensive.