About the Company
Uber Technologies, Inc., commonly referred to as Uber, is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 10,500 cities worldwide. It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It facilitates an average of 28 million trips per day and has facilitated 47 billion trips since its inception in 2010. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery. Uber classifies its drivers as gig workers or independent contractors, a practice that has drawn criticism and legal challenges because it allows the company to withhold worker protections that it would have been required to provide to employees. Studies have shown that, especially in cities where it competes with public transport, Uber contributes to traffic congestion, reduces public transport use, has no substantial impact on vehicle ownership, and increases automobile dependency. Other controversies involving Uber include various unethical practices such as aggressive lobbying and ignoring and evading local regulations, many of which were revealed by a leak of documents showing controversial activity between 2013 and 2017 under the leadership of Travis Kalanick.
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Latest $UBER News
Uber Technologies, Inc. (UBER) Is a Trending Stock: Facts to Know Before Betting on It
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Uber Gets Some Drivers’ Worker Status Claims Sent to Arbitration
Uber Technologies Inc. can force three drivers to arbitrate claims the company misclassified them as independent contractors ...
Uber Raided in Tax Probe of Its Portuguese Delivery Partners
Uber Technologies Inc.’s offices were among 65 premises raided by Portuguese public prosecutors probing a €28 million ($30 ...
Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna
Serve Robotics Inc (NASDAQ:SERV) said it is expanding its existing agreement with Magna International Inc (NYSE:MGA) to boost ...
Micron, Uber And A Consumer Products Giant On CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:MU), which ...
Uber Sexual Assault Judges Weigh Duty to Riders Amid Legal Fog
The California Supreme Court’s decision not to clarify Uber Technologies Inc.'s responsibility in a case where a passenger ...
Uber- and Nvidia-backed Serve Robotics ends Nasdaq debut down 22%
Uber Technologies Inc.- and Nvidia Corp.-backed sidewalk delivery robots company Serve Robotics Inc. made its debut on the ...
Uber Technologies Inc (NYSE: UBER) Jumps 0.30% In Recent Session, What Are The Points You Absolutely Need To Consider?
Uber Technologies Inc (NYSE:UBER) price is hovering higher on Monday, April 15, jumping 0.30% above its previous close. A ...
Uber Technologies Inc
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Narcan used to revive women in Uber; mom believes they were drugged along Glenwood South
A mother said her daughter and a friend are alive thanks to a quick-thinking Uber driver and Narcan administered by ...
Uber Technologies Inc. Hits Milestone with Uber Eats and Sets Ambitious 2024 Targets
Uber Technologies Inc. Achieves Milestone with Uber Eats Uber Technologies Inc. (UBER:NYSE) has recently been in the ...
Amazon, Meta, Uber Remain 'Top Overall Picks' At JPMorgan Ahead Of Q1 Earnings
Anmuth maintains Amazon as the top pick, calling it JPMorgan’s “Best Idea for 2024”. He emphasized its robust fundamentals ...
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