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Uber (UBER) Up 9.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-06 00:35
It has been about a month since the last earnings report for Uber Technologies (UBER) . Shares have added about 9.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Uber due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. UBER Q2 Earnings Tops Estimates Uber reported s ...
Uber and Turo announce partnership to bring Turo vehicles to Uber Rent
Prnewswire· 2024-09-05 19:30
Uber customers throughout the U.S., Canada, France, the United Kingdom, and Australia will soon be able to rent from Turo's expansive selection of vehicles directly through the Uber platform SAN FRANCISCO, Sept. 5, 2024 /PRNewswire/ -- Uber Technologies, Inc. (NYSE: UBER) and Turo, Inc. the world's largest peer-to-peer car sharing marketplace, today announced a multi-year partnership which will enable Uber customers to rent from Turo's wide- ranging selection of vehicles directly from the Uber app across ke ...
On-demand transit can disrupt commuting as much as Uber did taxis, say researchers
Techxplore· 2024-09-04 05:08
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Is public transit ready for a gig economy-style shake up? A group of researchers at Concordia believes that the ride-share model made popular by companies like Uber and Lyft might be a useful, innovative and savings-based approach for suburban commuters as they trudge to work. In a paper publishe ...
Uber drives deeper into South Korea to take on Kakao Mobility
TechCrunch· 2024-08-30 22:01
After seeing double-digit growth in South Korea, Uber Technologies has announced a strategic plan to double down in the country — directly challenging market leader Kakao Mobility, the ride-hailing unit majority-owned South Korean messaging and tech giant Kakao. Uber chief executive officer Dara Khosrowshahi outlined the plans in a press conference in Seoul, where he also kicked off a campaign to grow the company's pool of drivers in the country. That will need to be a major effort. Currently Korea's rideha ...
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
CNBC· 2024-08-29 22:29
文章核心观点 - Uber与英国人工智能初创公司Wayve宣布建立合作关系,Uber将投资Wayve少数股权[1] - Uber将整合Wayve的AV2.0技术,将其应用于消费者汽车,提供各种自动驾驶功能[2] - Uber未来计划在其应用程序上推出采用Wayve技术的自动驾驶汽车[2] - Uber此前曾与其他自动驾驶公司如Cruise和Waymo建立合作关系,提供无人驾驶乘车服务[3] 根据目录分类总结 合作关系 - Uber与Wayve建立合作关系,Uber将投资Wayve少数股权[1] - 双方计划共同为汽车制造商带来自动驾驶技术[1] 技术应用 - Uber将整合Wayve的AV2.0技术,应用于消费者汽车,提供各种自动驾驶功能[2] - Wayve的AV2.0产品是一种端到端的AI解决方案,可为现有汽车提供L2+级别的高级驾驶辅助和L3/L4级别的自动驾驶功能[2] 未来规划 - Uber未来计划在其应用程序上推出采用Wayve技术的自动驾驶汽车[2] - Uber此前曾与其他自动驾驶公司如Cruise和Waymo建立合作关系,提供无人驾驶乘车服务[3]
Uber fined $324M over transfer of EU driver data to US
Proactiveinvestors NA· 2024-08-26 22:36
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Uber Fined $324 Million for EU Data Protection Breach
PYMNTS.com· 2024-08-26 20:26
Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data. The fine from the Dutch Data Protection Authority (DPA) stems from an investigation that found that the ridehailing/delivery giant transferred personal data of its drivers to the United States while failing to protect that data, according to a Monday (Aug. 26) press release. This violates Europe's General Data Protection Regulation (GDPR), and Uber has since ended the violation, the release said. "In ...
Dutch hit Uber with huge fine over driver data
Techxplore· 2024-08-26 19:35
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Uber was hit by the huge fine following a complaint from 170 French drivers. The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers. The regulator said the transfers were a "serious violation" of t ...
Uber fined $324M over EU driver data transfer breach
TechCrunch· 2024-08-26 19:20
Ride-hailing platform Uber has been fined €290 million — around $324 million at current exchanges rates — by the Netherlands' privacy watchdog for breaching the European Union's General Data Protection Regulation (GDPR). The penalty is related to transfers of personal data of drivers out of the European Union to the US, where Uber's main business is located. The GDPR allows for fines of up to 4% of global annual turnover to be levied for noncompliance. Uber's full year revenue for 2023 was around €34.5 bill ...
Uber's autonomous vehicle strategy boosted by Cruise partnership
Proactiveinvestors NA· 2024-08-23 22:51
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...