UBER


Uber Gains 7% On $1.1B Drizly Takeover Deal

Shares of Uber Technologies soared 7% after the ride-hailing company announced the acquisition of alcohol delivery start-up Drizly for $1.1 billion.

Uber Planning to Spin-Off Postmates X – Report

Uber is planning to spin-off recently acquired Postmates X into a new startup company called Serve Robotics, according to TechCrunch. Two years ago, …

Uber Posts Worse-Than-Feared Loss On Weak Rides Demand; Wedbush Raises PT

Uber Technologies posted a larger-than-expected loss in the third quarter, as the company’s core ride-hailing business continues to grapple with the Covid-19 impact, …

Uber Seeks ‘Strategic Alternatives’ For Elevate Biz- Report

Uber Technolgies (UBER) is seeking strategic alternatives for its Uber Elevate business, including strategic partnerships or a partial sale, reports Axios, citing multiple …

Uber Pours $150M Into South Korea JV; RBC Sticks To Buy Call

Uber (UBER) and SK Telecom are teaming up on a new joint venture to “create opportunities in the taxi-hailing market in Korea and …

Uber Scores $500M Funding For Its Trucking Business Unit

Uber Technologies announced on Friday that its wholly-owned trucking logistics arm – Uber Freight – has received a $500 million preferred stock investment …

Uber Wins Appeal To Restore UK Operating License; Street Stays Bullish

Uber has won a legal battle to regain its UK license, after a court ruled that the ride-hailing company is a fit and …

Uber, CarTrawler Team Up For New UK Car Rental Service

Uber (UBER) has revealed that users in the UK will soon be able to rent cars via the Uber app, thanks to a …

Uber, Lyft To Continue Operations In Calfornia For Now After Court Win

Uber Technologies Inc. and Lyft Inc.

Barclays Lifts Uber’s PT On Recovery Bet

Barclays increased the price target on Uber Technologies’ stock to $43 (30.7% upside potential) from $39 and reiterated a Buy rating amid expectations …

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