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Ola Valuation Crashes 99% to $70 Million, Clouding IPO Prospects
Vanguard marked down the valuation of Indian ride-hailing firm Ola to approximately $70.3 million. This represents a 99% collapse from the company's $7.3...
Uber deploys 500 sensor-equipped Hyundais, building data infrastructure for AV partners
Uber is deploying 500 sensor-equipped Hyundai Ioniq 5s throughout this year. These vehicles will collect real-world driving data for the company’s AV Labs...
Uber Commits $500 Million to Nuro, Targeting Tens of Thousands of Robotaxis
Uber Technologies Inc. has committed nearly $500 million to self-driving startup Nuro. This investment supports Uber's strategy to integrate autonomous...
🟢 Uber Technologies Inc is trading 4.5% up today on reports of Delivery Hero investment and takeover interest
Uber Technologies Inc is trading 4.5% up now at $73.57 as investors react to reports regarding its strategic investment in German food delivery group Delivery...
Uber partners with Autobrains to launch Level 4 robotaxis in Munich
Uber is partnering with Israeli AI firm Autobrains to launch a Level 4 autonomous robotaxi program in Munich, Germany. The companies announced the initiative...
Uber Credit Rating Upgraded to BBB+, Fueled by $8 Billion Cash Flow
S&P Global Ratings upgraded Uber’s issuer credit rating to BBB+ from BBB with a positive outlook. The agency cited the company’s strong execution and improving...
Uber slows 2026 hiring, citing major AI productivity gains
Uber is significantly slowing its hiring pace through the end of 2026. CEO Dara Khosrowshahi and CFO Balaji Krishnamurthy attributed the decision to...
Uber and Microsoft Curb AI Spending, Citing Triple-Digit Cost Surges
Companies are reducing artificial intelligence spending after operational costs doubled or tripled. Some firms exhausted their annual AI budgets within a few...
Uber raises Delivery Hero stake to 37%, targeting full takeover
Uber Technologies Inc. increased its ownership in German food-delivery firm Delivery Hero to 36.83%. The company purchased a block of shares from Aspex...
Uber Increases Stake in Delivery Hero to 24.99%
Uber Technologies Inc. increased its stake in Berlin-based Delivery Hero SE to 24.99%. The previous holding was 19.5%. A regulatory filing on Wednesday...
Trial Lawyers Oppose Uber-Backed Amendment in U.S. Highway Bill
A national trial lawyers' group vows to fight an Uber-supported amendment to a major U.S. highway bill. Rep. Vince Fong (R-CA) introduced the amendment. The...
Uber Eyes €10 Billion Delivery Hero Takeover, Following Shareholder Rejection
Uber Technologies is considering raising its takeover bid for German food delivery giant Delivery Hero. A major shareholder recently rejected an initial...
Massachusetts certifies first US rideshare union, covering 70,000 Uber and Lyft drivers
The Massachusetts Department of Labor Relations certified the App Drivers Union (ADU) as the first state-recognized rideshare union in the United States. The...
Uber eyes higher Delivery Hero bid, following rejected €38 offer
Uber Technologies is evaluating an increased takeover bid for Germany’s Delivery Hero. The board met to strategize after an initial €33 per share proposal was...
Uber Weighs Higher Delivery Hero Bid, After Shareholders Reject €38 Offer
Uber Technologies is considering a higher acquisition offer for German food delivery firm Delivery Hero. Uber’s board met to discuss increasing the bid after...
Delivery Hero Confirms €33 Uber Takeover Bid Amid Rival DoorDash Interest
Delivery Hero confirmed an indicative takeover proposal from Uber Technologies Inc. at €33 per share. Uber recently increased its stake in the German food...
Uber Weighs Delivery Hero Takeover to Expand International Footprint
Uber Technologies is reportedly exploring a full acquisition of European food delivery rival Delivery Hero. The potential deal aims to expand Uber's...
Uber Partners with JSW Group to Accelerate EV Adoption in India
Uber partnered with Indian conglomerate JSW Group to deploy electric vehicles (EVs) for its ride-hailing service across India. JSW Group will supply these EVs...
Uber doubles Delivery Hero stake to 19.5%, becoming largest shareholder
Uber Technologies more than doubled its stake in German food delivery firm Delivery Hero. The company now holds approximately 19.5% of issued capital. This...
Uber Bids $5.3 Billion for Korea’s Baemin, Seeking Market Dominance
Uber Technologies Inc. and South Korean internet firm Naver reportedly submitted a bid of 8 trillion won ($5.34 billion) for Baedal Minjok (Baemin). The...