Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for…
New Delhi, July 30 -- Vietnamese electric carmaker VinFast is drawing more than a fourth of its India sales from a ride-hailing company owned by its promoter, using its home market strategy to cement place in the country's top five electric vehicle (EV) makers within its first year of operations.Da…
Shares of Paramount Skydance Corp. (PSKY), Uber Inc. (UBER) and Stem Inc. (STEM) tumbled to 52-week lows on Monday amid growing regulatory concerns, competitive pressures, and financial worries.PSKY stock closed down more than 2% on Monday as the delay of its planned merger with Warner Bros. Discov…
Shares of Uber Technologies Inc. (UBER) fell nearly 5% on Friday after a report said Alphabet Inc.’s (GOOGL) Waymo is exploring options to end its robotaxi partnership with the ride-hailing company.The move comes as relations between the two companies have deteriorated amid growing competition and…
Uber NYSE:UBER has reportedly cut about 10% of the jobs in its customer service operation as the company looks to simplify the business and use artificial intelligence more aggressively.The layoffs affect Uber's community operations team and were announced on July 22, according to Bloomberg. Manage…
Uber Technologies NYSE:UBER stock is in focus after Bloomberg reported the ride-hailing company cut about 10% of jobs in its customer service operations as part of a restructuring aimed at simplifying the business and expanding the use of artificial intelligence.Uber notified employees in its commu…
Shares of EV maker Lucid Motors (LCID) clocked their best week in a year after the company reiterated its liquidity will last well into 2027, and dismissed rumors that a bankruptcy filing is up the alley.LCID stock gained about 33% this week, thanks to a steady three-day rally until Friday.How Much…
Uber Technologies NYSE:UBER, a U.S. ride-hailing company with a food-delivery business, has agreed to acquire Delivery Hero (DELHY), a German food-delivery company operating across international markets, in a transaction valuing the business at $14.8 billion. Uber will offer 41.50, or about $47.60…
Uber's acquisition of Delivery Hero aims to expand its cross-platform strategy, leveraging technology and operational synergies for $1.2 billion in cost savings within 18 months post-close. The deal targets high-growth markets, is expected to be EPS accretive, and faces a clear regulatory path.Base…
Wedbush on Thursday named Alphabet (GOOGL), Uber (UBER), Reddit (RDDT), and Xometry (XMTR) its top internet stock picks across different market-cap categories, with analyst Ygal Arounian calling artificial intelligence (AI) the "single most impactful swing factor" shaping the sector's outlook.The f…
Uber Technologies Inc. (UBER) CEO Dara Khosrowshahi on Wednesday laid out the investment case behind the company's proposed $14.8 billion acquisition of Delivery HeroDuring an interview with CNBC, Khosrowshahi said the deal expands the number of markets in which Uber can combine its mobility and de…
Uber announced a Business Combination Agreement to launch a voluntary public takeover offer for Delivery Hero at €41.50 per share in cash, aiming to close in the second half of 2027 subject to regulatory approvals and a majority acceptance threshold. To support the transaction, Uber secured a €14.2…
Uber offered €41–€41.50 per Delivery Hero share in a €12.5–€12.9B cash takeover. Uber holds ~24.99% (plus 11.8% instruments); deal aims >53% economic interest, closing H2 2027.Uber
Uber Technologies, Inc. NYSE:UBER and GameStop NYSE:GME today announced a new partnership that brings one of the largest gaming retailers to the Uber Eats marketplace.Customers can now order video games, gaming consoles, accessories, collectibles, and more from GameStop locations nationwide on Uber…
Uber NYSE:UBER was flat in premarket as Jefferies reiterated a Buy rating and $110 price target, implying 48% upside from yesterday's close of $74.26. The firm said Q2 guidance implies continued 20%-plus bookings growth in constant currency alongside approximately 60 basis points of sequential impr…
Uber NYSE:UBER has paused the majority of its planned food delivery expansion in Europe just months after it was announced as the ride-sharing company continues to pursue a takeover of Delivery Hero XETR:DHER, the Financial Times reported on Sunday.Uber no longer plans to launch food delivery in fi…
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