Ride hailing giant Uber saw its shares fall on Thursday, after the company said that it would report around $5 billion in adjusted profit in 2024. Unfortunately, this forecast is below the $5.7 billion analysts expect for 2024, according to Refinitiv data. The company’s shares fell around 4% as Wall Street digested the miss, after … Continue reading “Shares of Uber Drop After Company Misses on Guidance”
Tag: Uber
Company News
China’s Didi to Delist from NYSE Less Than 6 Months After its IPO
Chinese ride hailing company Didi announced this week that it will begin delisting from the…
December 3, 2021
Hot Stocks
Uber Reports First Ever Adjusted EBITDA Profit in Q3
Ride hailing giant Uber reported its financial results this week for the third quarter that…
November 5, 2021
Hot Stocks
Lyft and Uber Shares Move Higher After Court Said This
Shares of ride hailing companies Lyft and Uber were heading higher in Monday's trading session…
August 23, 2021
Hot Stocks
This is Why Uber and Lyft Drivers Are Not Going Back to Work
After a long year of battling the coronavirus pandemic, ride hailing companies are coming back…
July 5, 2021
Company News
Uber to Ask Employees to Return to Work But Only Half of the Time
As coronavirus eases up and many states head back to normalcy not seen in over…
June 29, 2021
Company News
DoorDash and Albertsons Partner Up for Same-day Grocery Delivery From Almost 2,000 Stores
One of the top food delivery apps, DoorDash, announced this week that it has expanded…
June 22, 2021
Company News
Uber Rival and China’s Ride Sharing Giant Didi Files IPO
Chinese ride-sharing giant Didi Chuxing has filed to go public on Thursday, in what could…
June 10, 2021
Featured
Uber Urges Gig Work Reforms in Europe
Ride hailing company Uber is encouraging EU policymakers to implement California-style gig work reforms. The…
February 15, 2021
Uber to Buy Alcohol Delivery Service Drizly for $1+ Billion
Ride hailing giant Uber has announced this week that the company has agreed to purchase…
February 2, 2021
Uber Sells its Self-Driving Unit to Startup Company Aurora
Uber may be known for its ride hailing, but the company has other endeavors which…
December 7, 2020
Company News
Uber and Lyft are Hoping California Passes Proposition 22
If Proposition 22 is passed in the state of California, it would mean that both…
November 3, 2020
Uber May Be Temporarily Shutting Down in California
According to an interview this week with Uber's CEO Dara Khosrowshahi, the ride hailing company…
August 12, 2020
Company News
Uber Announces Even More Job Cuts
Struggling ride hailing company Uber announced this week that it is slashing even more jobs,…
May 26, 2020