Uber Technologies’ stock rose to a three month high, as Bill Ackman acquired a $2.3 billion interest in the company, Reuters reported. The billionaire hedge fund manager took to X to say that he had begun purchasing a stake in the ride sharing platform in early January. He now owns 30.3 million shares in the company,… Continue reading Uber shares jump to highest in three months as Bill Ackman acquires $2.3 billion stake: Report
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Sharing Economy Market to Grow by USD 1.12 Trillion from 2025-2029, Driven by Online Ride-Hailing Growth, AI’s Role in Market Transformation – Technavio
NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global sharing economy market size is estimated to grow by USD 1.12 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 32.3% during the forecast period. Rising use of online ride-hailing services is driving… Continue reading Sharing Economy Market to Grow by USD 1.12 Trillion from 2025-2029, Driven by Online Ride-Hailing Growth, AI’s Role in Market Transformation – Technavio
EV charging platform Presto raises $15 million in seed funding
Presto, an all-in-one EV charging platform, has raised $15 million in seed funding from Union Square Ventures and other investors. The company was founded in 2023 by former Uber executives J.J. Raynor and Ashwin Dias. Its platform is used by electric fleets including Uber, Avis, Hertz and Zipcar. Presto will use the new funds to… Continue reading EV charging platform Presto raises $15 million in seed funding
Bosch Demonstrates “The More You Bosch, The More You Feel Like A Bosch” with First-Ever Big Game Ad
When Banderas has the power of VitaFresh® Technology in his Bosch refrigerator, keeping his carrots fresh, he can’t help but turn into his uber suave alter-ego, Antonio Bosch-deras. Equipped with his Bosch 18V 2-in-1 Impact Driver, a friendly, professional contractor transforms into a familiar character, Macho Man. When the duo comes together, they break into… Continue reading Bosch Demonstrates “The More You Bosch, The More You Feel Like A Bosch” with First-Ever Big Game Ad
Mobility-As-A-Service Market to Grow by USD 270.8 Million (2025-2029), Rising Use of Smart Connected Devices Boosts Market, Report on How AI Is Driving Market Transformation – Technavio
NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global mobility-as-a-service market size is estimated to grow by USD 270.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 25.4% during the forecast period. Increase in use of smart connected devices is… Continue reading Mobility-As-A-Service Market to Grow by USD 270.8 Million (2025-2029), Rising Use of Smart Connected Devices Boosts Market, Report on How AI Is Driving Market Transformation – Technavio
Sharing Economy Market to Grow by USD 1.12 Trillion by 2029, Rising Online Ride-Hailing Services Boost Market, Report on How AI is Driving Transformation – Technavio
NEW YORK, Feb. 6, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global sharing economy market size is estimated to grow by USD 1.12 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 32.3% during the forecast period. Rising use of online ride-hailing services is… Continue reading Sharing Economy Market to Grow by USD 1.12 Trillion by 2029, Rising Online Ride-Hailing Services Boost Market, Report on How AI is Driving Transformation – Technavio
Lyft’s new AI customer assistant is powered by Anthropic’s Claude
Ride-hail giant Lyft has partnered with AI startup Anthropic to build an AI assistant that handles initial intake for customer service inquiries for both riders and drivers. It’s the first phase of a broader collaboration between the two companies to use Anthropic’s services to research and test new Lyft products and build software internally. The… Continue reading Lyft’s new AI customer assistant is powered by Anthropic’s Claude
Uber: 1-800-Flowers.com Teams Up With Uber Direct in Time to Meet Surging Valentine’s Day Demand
JERICHO, N.Y. & SAN FRANCISCO–(BUSINESS WIRE)–1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) and Uber Technologies, Inc. (NYSE: UBER) today announced a new collaboration leveraging Uber Direct, Uber’s white-label delivery service, to help florists nationwide fulfill more orders. The announcement comes just ahead of Valentine’s Day—one of the busiest floral holidays of the year. Through this collaboration, the 1-800-Flowers.comⓇ… Continue reading Uber: 1-800-Flowers.com Teams Up With Uber Direct in Time to Meet Surging Valentine’s Day Demand
All-In-One EV Charging Platform Presto Raises $15M in Seed Funding, Partners with Uber, Avis, Hertz, and Zipcar
OAKLAND, Calif., Feb. 6, 2025 /PRNewswire/ — As electric-vehicle sales continue to increase, Presto, an all-in-one EV charging platform, announced today that it has raised $15 million in seed funding from Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream. Through Presto’s top-rated app and APIs, fleets can find, charge, and pay for reliable on-the-go charging… Continue reading All-In-One EV Charging Platform Presto Raises $15M in Seed Funding, Partners with Uber, Avis, Hertz, and Zipcar
Uber beats fourth-quarter revenue expectations but offers soft guidance
watch now Uber shares closed down more than 7% on Wednesday after the ride-hailing company reported fourth-quarter results that beat analysts’ expectations for revenue but missed on EPS and offered soft guidance. Here’s how the company did: Earnings per share: 23 cents adjusted vs. 50 cents expected by LSEG. Revenue: $11.96 billion vs. $11.77 billion expected by… Continue reading Uber beats fourth-quarter revenue expectations but offers soft guidance