SAN FRANCISCO & BERLIN–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Delivery Hero SE (FSE: DHER) have reached an agreement for Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda Taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close… Continue reading Uber: Uber Eats to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan
Author: Uber Official News
Uber: Uber Eats to Power Restaurant Delivery on Instacart
SAN FRANCISCO–(BUSINESS WIRE)–Instacart (Nasdaq: CART) and Uber Technologies, Inc. (NYSE: UBER) today announced a strategic partnership to bring Uber Eats restaurant delivery to Instacart customers. In the coming weeks, Instacart customers nationwide will be able to use the Instacart app to order from hundreds of thousands of restaurants, powered by Uber Eats. The experience will… Continue reading Uber: Uber Eats to Power Restaurant Delivery on Instacart
Uber: Uber Announces Date of First Quarter 2024 Results Conference Call
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its first quarter 2024 financial results on Wednesday, May 8th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com.… Continue reading Uber: Uber Announces Date of First Quarter 2024 Results Conference Call
Uber: Excessive rates and their negative effects: A review of Minnesota’s proposed pay standard
8 min read · Just now by Uber Under the Hood In early March, Minnesota’s Department of Labor and Industry released a report recommending parameters for state-level legislation on rideshare pay. While the recommendations are more reasonable than those of a city-level ordinance adopted in Minneapolis, they are still exaggerated and based on a flawed… Continue reading Uber: Excessive rates and their negative effects: A review of Minnesota’s proposed pay standard
Uber: The Impact of Seattle’s Driver and Courier Pay Regulations
Published in · 7 min read · Just now In 2020 the city of Seattle passed the Fare Share ordinance which set minimum compensation for rideshare drivers; in 2022, they followed this with PayUp, similar legislation aimed at delivery couriers. While these earning standards were written with the intention of improving the welfare of earners,… Continue reading Uber: The Impact of Seattle’s Driver and Courier Pay Regulations
Uber: Uber Announces Inaugural $7 Billion Share Repurchase Authorization
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that its Board of Directors has authorized the repurchase of up to $7 billion of the company’s common stock. “Today’s authorization of our first-ever share repurchase program is a vote of confidence in the company’s strong financial momentum. We will be thoughtful as it relates to… Continue reading Uber: Uber Announces Inaugural $7 Billion Share Repurchase Authorization
Uber: App-based earnings help Americans keep pace with rising cost of living, amid economy concerns
Published in · 5 min read · Just now National trends show that Americans are worried about higher prices and their financial wellbeing, and that more people are taking on part-time work in order to earn extra money. Many are choosing work that allows them to have more flexibility around their own schedule. To better… Continue reading Uber: App-based earnings help Americans keep pace with rising cost of living, amid economy concerns
Uber: Uber Announces Date of Fourth Quarter 2023 Results Conference Call and Virtual Investor Update
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its fourth quarter 2023 financial results on Wednesday, February 7th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com.… Continue reading Uber: Uber Announces Date of Fourth Quarter 2023 Results Conference Call and Virtual Investor Update
Uber: Understanding Uber’s Share of Driver Earnings
Understanding Uber’s Share of Driver Earnings Uber achieved several important financial milestones in 2023, generating our first operating profit and billions in free cash flow so far this year. Over nearly a decade of losses, many observers suggested Uber would never be profitable. Now that we are, those same skeptics assert that Uber’s financial improvement… Continue reading Uber: Understanding Uber’s Share of Driver Earnings
Uber: Uber Announces Pricing of Upsized $1.5 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of an upsized offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due 2028 (the “notes”). Uber also granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million aggregate principal amount of the notes.… Continue reading Uber: Uber Announces Pricing of Upsized $1.5 Billion Convertible Senior Notes Offering