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 ride-hailing/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 Eu ...

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" o ...

Uber Technologies and General Motors' Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year.The Thursday announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident in which a pedestrian in San Francisco was dragged 20 feet by a driverless Cruise vehicle after she was first struck by a human driver in another car.St ...

Macro factors currently driving the economy, such as the relatively high interest rates, continued strength in labor markets, supply chain issues (though minimal right now and in pockets) and so forth have a varied impact on players in the extremely diverse Internet – Services industry. However, the outlook for the industry is positively correlated with a stronger economy. Additionally, since this is a capital-intensive industry with high fixed cost of operation and the fairly constant need to expand capaci ...

Autonomous vehicles have the potential to transform Uber's economics and send its stock soaring.Self-driving cars are no longer science fiction. Numerous start-ups and established tech companies have developed autonomous platforms to transform the way we travel, and it's an industry with significant financial potential over the long term.Uber Technologies (UBER -1.17%) could be one of the biggest beneficiaries of the shift to autonomous driving. It operates the largest ride-hailing network in the world, so ...

文章核心观点 - 特斯拉的自动驾驶技术"机器出租车"(robotaxi)面临Uber CEO的质疑 [3][4] - Uber CEO认为特斯拉车主不会愿意让"完全陌生的人"使用自己的车辆 [7] - 但Uber CEO也表示愿意与特斯拉等其他自动驾驶公司合作 [10][11] 行业分析 自动驾驶行业 - 自动驾驶是人工智能(AI)的一种形式,Uber和特斯拉都在大量投资这项技术 [2] - 自动驾驶技术可应用于物流配送、租车服务和打车等多个领域 [5] - 特斯拉的"机器出租车"概念类似于Turo等主流汽车租赁平台,但也存在一定风险 [12][13] - 分析师认为自动驾驶技术在商业应用(B2B)方面存在巨大机会 [17][18] 特斯拉 - 特斯拉CEO马斯克的长期愿景是建立一支完全自动驾驶的特斯拉车队 [4] - 分析师认为特斯拉的自动驾驶技术前景仍存在不确定性,但不认为Uber CEO的担忧是重大问题 [15][16][19]

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Uber Technologies (UBER) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Uber currently has an average bro ...

This booming growth tech stock is benefiting from strong momentum.Despite taking shareholders on a very bumpy ride, Uber (UBER -0.95%) has been a huge winner. In the past 24 months, since August 2022, shares of this growth tech stock have skyrocketed 121%. Investors would've more than doubled their money owning this business, compared to a 34% return from the S&P 500 index.But is now the right time to buy Uber?Financial performanceIt's hard to ignore the ongoing macroeconomic uncertainty worrying investors. ...

Uber Technologies (UBER) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between ...