UBER - Uber Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
28.49
-0.20 (-0.70%)
At close: 4:00PM EST
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Previous Close28.69
Open28.58
Bid28.56 x 1200
Ask28.58 x 4000
Day's Range28.27 - 28.84
52 Week Range25.58 - 47.08
Volume25,367,572
Avg. Volume21,220,384
Market Cap49B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-2.95
Earnings DateNov 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est43.79
  • Barrons.com

    The First Real Effort To Regulate Tech Is About to Begin. It Could Get Messy.

    To get a taste of what’s coming, head to California. On Jan. 1, two new California laws will try to address some of the thorniest issues created by tech companies’ mounting power. Let’s start with AB (Assembly Bill) 5, which focuses on improving working conditions for “gig” economy workers at places like (UBER)(ticker: UBER), (LYFT) (LYFT), DoorDash, Postmates, and Instacart.

  • Uber Files U.K. Court Appeal Over Loss of London License
    Bloomberg

    Uber Files U.K. Court Appeal Over Loss of London License

    (Bloomberg) -- Uber Technologies Inc. appealed a U.K. regulator’s decision to revoke its license in London, fighting back against a move that could put its biggest market in Europe at risk.Transport for London last month denied Uber a new operating license, saying the firm had failed to adequately verify drivers’ identities and safeguard the service for passengers. The ride-hailing app’s appeal could take years and it will be able to continue operating in the meantime.“We are committed to Londoners and are working closely with TfL to address their concerns and requests, as we have since 2017,” Jamie Heywood, Uber’s regional general manager, said Friday in a statement.“When it comes to safety on our platform our work is never done and we will keep listening, learning and improving,” he said.At least 14,000 trips involved drivers who weren’t who they said they were, the regulator said in a statement last month. One driver found exploiting Uber’s app had already had a private hire license revoked by the regulator after it discovered the person had received a caution for distributing indecent images of children, it said.Chief Executive Officer Dara Khosrowshahi had called the decision to revoke the license “just wrong” on Twitter. Heywood had said Uber discovered a flaw in its app in May that allowed 43 people to make unauthorized trips and immediately informed regulators. Uber has since fixed the issue.\--With assistance from Amy Thomson.To contact the reporter on this story: Ellen Milligan in London at emilligan11@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Christopher Elser, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Alibaba, Beyond Meat, Cortexyme, Revolve and Uber
    Zacks

    The Zacks Analyst Blog Highlights: Alibaba, Beyond Meat, Cortexyme, Revolve and Uber

    The Zacks Analyst Blog Highlights: Alibaba, Beyond Meat, Cortexyme, Revolve and Uber

  • Uber submits appeal to regain London taxi license
    Reuters

    Uber submits appeal to regain London taxi license

    Uber submitted an appeal on Friday against a decision by London's transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides. Last month, Transport for London (TfL) refused to grant the Silicon Valley-based company a new license due to what it called a "pattern of failures" on safety and security, the latest stage of a long-running battle with the authorities. Uber, which was also denied a license by TfL in 2017 before a judge restored it on a probationary basis, said it had changed its business model over the last two years and would go further, as it lodged its appeal at Westminster Magistrates' Court.

  • Higher Prices Very Well May Be the Savior of Lyft Stock
    InvestorPlace

    Higher Prices Very Well May Be the Savior of Lyft Stock

    InvestorPlace contributor Vince Martin recently wondered what it would take for Lyft (NASDAQ:LYFT) to break out of its slump. Despite a flawless performance over the last three quarters, Lyft stock has continued on a downward spiral from its March IPO. Source: Alex Millauer / Shutterstock.com Investors remain concerned about its pathway to profitability. At the moment, it expects to hit EBITDA profitability by the end of 2021, but if you only work with GAAP numbers, that extends out to 2023. Naturally, that's been a big headwind for America's second-largest ride-hailing app behind Uber (NYSE:UBER). InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt turns out that Barclays Capital might have an answer to Lyft's problems.Recently, it analyzed 2.4 billion taxi and ride-hailing trips in New York City to get a better grip on when Lyft would become profitable. What it found out might surprise you. Higher Prices Wouldn't Hurt LyftAfter looking at the data, analysts Jeffrey Meli, Adam Kelleher, Ryan Preclaw, and Ross Sandler found that if Lyft raised prices for its rides, volumes would only drop by a small amount, while the extra revenue would help it generate an operating profit. * The 10 Worst Dividend Stocks of the Decade As an interesting aside, the analysts found that the introduction of ride-hailing services into the least gentrified areas of New York City actually increased the number of rides taken in those neighborhoods, suggesting that companies such as Lyft and Uber are actually making a positive contribution to society by adding to transportation infrastructure. Social messages aside, let's consider the numbers based on Barclays' suggestion higher prices won't dramatically hurt volumes. Lyft's Latest QuarterAt the end of September, Lyft had 22.3 million active riders. It generated $42.82 in revenue per active rider, $9.19 more than in the same quarter a year earlier and $3.06 greater than in the second quarter. It defines active riders as follows:"We define Active Riders as all riders who take at least one ride on our multimodal platform through the Lyft App during a quarter. An Active Rider is identified by a unique phone number. If a rider has two mobile phone numbers or changed their phone number and such rider took rides using both phone numbers during the quarter, that person would count as two Active Riders."While Lyft doesn't reveal the total number of rides taken in a quarter, the active rider statistics give us a good idea. Let's assume that the average Lyft ride costs $12.53. I'm using a figure for 2015, but I would doubt the figure's changed dramatically given both ride-hailing apps have been elbowing for market share.This means that the average active rider might take 3.4 trips per quarter using Lyft. Based on this average, let's assume that the average cost of a Lyft ride is increased by 20% from $12.53 to $15.04. Let's also assume that this reduces the number of trips taken by 5% from 3.4 to 3.2 per quarter. So, if the number of active riders remains the same at 22.3 million, the revenue per active rider increases to $48.13 from $42.82, and Lyft's total revenue increases by 12.3% in the quarter to $1.07 billion from $955.6 million. In the third quarter, Lyft had an operating loss of $490.9 million. Subtract the $117 in additional revenue from the 20% increase in the cost of the average Lyft ride and you start to see a pathway to profitability. What Does This Mean for LYFT Stock Price? One thing my back-of-the-napkin calculation didn't take into account is the many ways in which Lyft is working to boost its margins. For example, the company's contribution margin in the third quarter was 50%, 500 basis points higher than in the same period a year earlier. Should the company continue to increase the contribution margin, operating profits would most certainly come sooner. In October, I argued that given there were plenty of companies already making money with revenues similar to Lyft's, this reality made LYFT stock a poor second choice. And as I stated back then, while analysts love Lyft, I don't.That said, the Barclays analysts make a very good argument, and while I still wouldn't own it, that doesn't mean you shouldn't. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Higher Prices Very Well May Be the Savior of Lyft Stock appeared first on InvestorPlace.

  • How unionizing Spin may roll across San Francisco’s e-scooter industry
    American City Business Journals

    How unionizing Spin may roll across San Francisco’s e-scooter industry

    Teamsters scored a victory in unionizing Spin’s blue-collar workers and is aiming to target similar employees at these three scooter companies.

  • GuruFocus.com

    Why Is Citron's Andrew Left Betting Against Peloton?

    The activist short seller takes aim at the latest fitness fad Continue reading...

  • Lyft launches rental option on app
    Reuters

    Lyft launches rental option on app

    Lyft Inc on Thursday launched a rental option on its app that will allow certain riders in San Francisco Bay Area and Los Angeles to rent cars, the ride-hailing company said on a blog post. The loss-making company and its larger rival Uber Technologies Inc have over the years relied on heavy subsidies to attract riders, and are also spending to expand into other areas. As rental companies gobble up more and more cars at discounted prices, margins of carmakers like General Motors are imploding, particularly in Sao Paulo, Uber's busiest city in the world.

  • GlobeNewswire

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Uber Technologies Inc. - UBER

    Pomerantz LLP is investigating claims on behalf of investors of Uber Technologies Inc. (“Uber” or the “Company”) (NYSE: UBER). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Uber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

  • Bloomberg

    How’s Your Driving? If You Use an App Insurers Could Be Watching

    (Bloomberg) -- Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance -- while also raising some privacy red flags.Data on everything from how frequently a car is booked, the type of vehicle rented, the destination, the amount of time between making a reservation and the trip, how hard the driver slams on the brakes to how punctual and friendly a person is on the drive could all be fair game for the industry.Startups like Turo Inc. and BlaBlaCar believe they can take this information and use it to find new ways to assess risk and create new businesses tied to auto insurance.“It’s not so much about an individual’s story there, but at an aggregate level across millions of trips, patterns exist that actually predict risk,” Turo’s U.K. head Xavier Collins said in an interview.The famously staid and risk averse auto insurance industry is slowly finding ways to use new types of data analysis to help it make decisions about who to cover, how much to charge and which customers are most likely to leave for a competitor, said Ingo Blöink, a consultant in Germany who was previously the European director of Daimler Insurance Services.Sleeping BeautyA mix of telematics that measure a car’s performance and other publicly available records together with privately garnered “soft data” can be fed into a program to discern patterns. That can create a “microsegment” risk analysis that more finely slices who’s most likely to get into an accident or commit fraud, which could eventually replace most actuaries, Blöink said.“The industry is a sleeping beauty slowly waking up; they’ve not realized that there’s huge potential,” he said. “It will completely change the way risk will be underwritten in the next 10 years.”San Francisco-based Turo and France’s BlaBlaCar already have specialized arrangements with insurers -- Allianz SE, Liberty Mutual and Axa SA -- that offer tailored products to cover drivers who’ve borrowed another person’s car or used the service to transport someone else in their own car.The companies are part of a ride-sharing industry, led by the likes of Uber Technologies Inc. and Lyft Inc., that’s challenging traditional car ownership and rentals. Turo’s platform lets users lend personal cars to others. BlaBlaCar arranges carpools between cities.Privacy QuestionsAt an aggregate level, this type of data is “definitely something that’s of interest to us and we are exploring,” said Martin Hoff, Allianz Automotive’s head of product management and innovation, noting, however, that it isn’t being used currently. A record of good driving from such companies could help new drivers applying for auto insurance, he said.Still, sharing data with the insurance industry, which may already have a lot of information about a user, raises privacy issues, said Ioannis Kouvakas, a legal officer at Privacy International, a British charity that lobbies for privacy rights.It’s difficult to truly anonymize data, and companies could potentially reconstruct identities and use that information in invasive ways. Another big concern is whether customers are aware that they’re sharing data, he said.“There’s a lot of potential for abuse,” Kouvakas said in an interview, adding that people can rarely ever be sure of how their data is used.Consent NeededAllianz’s Hoff said the insurance industry is constrained by regulations on information they can use when assessing applicants, particularly in Europe.That’s largely thanks to the General Data Protection Regulation legislation that requires companies to inform people when their personal data is being used, letting them opt out or object, said Ian De Freitas, a partner at law firm Farrer & Co. who specializes in privacy law.But when identifying markers are stripped out and the data become anonymous, it’s no longer considered private, he said.Turo’s users currently consent to share data that lets the firm determine their likelihood of getting into an accident or making an insurance claim, identify unsafe driving behavior and conduct investigations and risk assessments.The firm’s privacy policy says that the company might collect aggregate data about its users to consider new features. Customers share their drivers’ license information, reviews, street address, employers, schools and location.Smarter InsuranceSimilarly, BlaBlaCar collects details about cars, biographical information, replies to surveys and reviews, and location.Last year, BlaBlaCar announced BlaBlaSure, an insurance product with Axa SA that targets ride-sharers. It’s been rolled out in France, with plans to make it Europe-wide, BlaBlaCar Chief Executive Officer Nicolas Brusson said in an interview. Eventually, this product will use data collected from BlaBlaCar users to help determine rates for new customers.“It seems pretty basic but when you get hundreds of data points from drivers saying a person is a great driver,” Brusson said. “It’s pretty powerful in terms of insurance pricing.”The company is collecting data and finding correlations between data points such as how someone’s driving is rated by other users, and the number of accidents. Customers must opt in to sharing their data with the insurance product, which is combined with information from other users and anonymized, he said.Drawing conclusions from the research to sell insurance is a few years off, Brusson said.“Long term, all these car-insurance products will be smarter because we have lots of data from the community,” he said.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Vidya RootFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 5 Hottest IPOs of 2019
    Zacks

    5 Hottest IPOs of 2019

    2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.

  • Uber Freight to investors: 'There's a very clear path to profitability'
    Yahoo Finance

    Uber Freight to investors: 'There's a very clear path to profitability'

    Uber Freight has succeeded in modernizing trucking, but traditional companies are quickly adjusting to the competition.

  • Did Uber Just Enable Discrimination by Destination?
    City Lab NonHosted

    Did Uber Just Enable Discrimination by Destination?

    In California, the ride-hailing company is changing a policy used as a safeguard against driver discrimination against low-income and minority riders.

  • Uber guarantees space for skis and snowboards with Uber Ski feature
    TechCrunch

    Uber guarantees space for skis and snowboards with Uber Ski feature

    Uber is launching a new feature aimed at skiers and snowboarders. The ride-hailing company said Wednesday that beginning December 17 an Uber Ski icon will pop up on the app that will let customers order a ride with confirmed extra vehicle space or a ski/snowboarding rack. Uber is launching the feature in 23 U.S. cities located in areas near mountain resorts, such as Anchorage, Boise, Boston, Eastern Washington, Flagstaff, Ariz., Grand Rapids, Mich., Green Bay, Wis., Lehigh Valley, Minneapolis-St. Paul, New Hampshire, Portland, Ore., Portland, Maine, Salt Lake City, Seattle, Upstate New York, Vermont, Wilkes-Barre, Scranton and Worcester, Wyo. Riders living in Colorado cities such as Colorado Springs, Denver, Fort Collins and the front range of the Rockies where numerous resorts are located will also have the feature.

  • Bloomberg

    Amazon’s Deliveroo Deal May Get Extended Antitrust Probe

    (Bloomberg) -- Amazon.com Inc.’s purchase of a minority stake in Deliveroo may get an extended review by U.K. antitrust regulators, who said the purchase could hurt competition by discouraging the American company from re-entering the British food-delivery market on its own.The Competition and Markets Authority will continue to review Amazon’s investment in the fast-growing startup unless they offered remedies to address competition concerns within five days. The investigation, which began in October, may go into a second phase and could eventually result in the blocking of the investment of around $500 million.Over the next four years, the food-delivery business is estimated to increase 12% a year, to $76 billion in 2022, according to investment firm Cowen Inc. While the U.K. market is competitive, Amazon’s size makes it a major force in any sector. The CMA said the deal might end Amazon’s interest, discussed in internal documents, in re-entering the British market through the purchase of another platform. It shuttered its Amazon Restaurants delivery unit in 2018.“Evidence examined in the CMA’s investigation indicated that Amazon has a strong continued interest in the restaurant delivery sector,” the regulator said Wednesday. “The CMA believes that Amazon’s investment in Deliveroo was strategic and that offering rapid food delivery is important to Amazon, and so it may have looked to invest in an alternative business absent the merger.”The original decision to investigate the deal was unusual for the CMA as it doesn’t typically review minority acquisitions. Fears of damage to competition may have been fed by previous mergers by tech giants that were let through by regulators, such as Facebook Inc.’s acquisition of messaging service WhatsApp.Amazon’s British Takeout Leaves an Unpleasant Taste: Alex WebbThere is a “real risk” that Amazon’s investment “could leave customers, restaurants and grocers facing higher prices” because of reduced competition, CMA Executive Director Andrea Gomes da Silva said in the statement.A spokesman for Deliveroo said the company is “confident” it can persuade the CMA the investment will “add to competition,” while an Amazon spokesman said Deliveroo should have “broad access to investors and supporters.”The decision may cause concern for the internet giant, which has already faced European hurdles.It closed its own U.K. food-delivery service in December 2018, with the U.S. unit following the same path several months later. Amazon was among the five big businesses singled out in December by the Labour Party, which said they “exploited, ripped off and dehumanized” their workers, just after regulators in Europe said over the summer that they would start looking into how tech companies protect customers’ privacy.Difficult DecisionsThe CMA has offered Amazon and Deliveroo the chance to avoid an extended probe if they offer changes to its competition worries. Alan Davis, a competition lawyer at Pinsent Masons, said it is “difficult to see immediately what remedies they could offer at Phase 1 to resolve the concerns.”The U.K. food delivery sector is dominated by three players, Just Eat Plc, Uber Technologies Inc.’s unit Uber Eats and Deliveroo. Competition between them is considered fairly fierce, making it difficult to make money. Deliveroo has never made a profit, losing 232 million pounds ($305 million) last year.Meanwhile, Just Eat, the U.K.’s biggest food deliverer by market share, has been in talks with Prosus NV about a possible bid for the firm. The company advised shareholders to reject Prosus’s latest 740 pence-per-share offer Tuesday, preferring them to stick to an all-share combination with Netherlands-based Takeaway.com NV.The CMA decision also puts the undisclosed rights that Amazon acquired as part of the acquisition in the spotlight.“The nature of the CMA’s concerns seems the rights that come with the minority holding,” said Josh Buckland, a competition lawyer at Linklaters. “One potential solution could be to relinquish those rights and stay on board as a minority shareholder.”It’s very likely that the deal would be referred to an in-depth investigation, Buckland said.The CMA also expressed concern about how Amazon’s investment might change the online convenience grocery delivery market outside food. Deliveroo is focused on food delivery, and supermarket chains may rely on it to deliver “ultrafast” groceries because their own logistics providers can’t meet the tight deadlines, the CMA said.“The CMA believes that both parties have major expansion plans in this area which would bring them in closer competition in the future,” the regulator said. “The merger would result in the combination of two of the largest and best established suppliers of online convenience groceries. Most competing grocery retailers that are trialing propositions in this market are reliant on a single logistics supplier” without the scale of either Deliveroo or Amazon.(Updates with comments and detail from seventh paragraph onwards.)To contact the reporter on this story: Eddie Spence in London at espence11@bloomberg.netTo contact the editors responsible for this story: Christopher Elser at celser@bloomberg.net, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investopedia

    3 'Fallen Angel' IPOs That Could Post Giant Rallies

    Several highly-touted IPOs have crashed in price, but a top-rated fund manager sees opportunities to pick up bargains amid the wreckage.

  • Insight: How Uber drains carmaker profits in Latin America's biggest market
    Reuters

    Insight: How Uber drains carmaker profits in Latin America's biggest market

    Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais ($93) a week from Localiza Rent a Car, the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.

  • How Uber drains carmaker profits in Latin America's biggest market
    Reuters

    How Uber drains carmaker profits in Latin America's biggest market

    Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais ($93) a week from Localiza Rent a Car , the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.

  • Business Wire

    Uber CEO to Participate in a Keynote at the Barclays 2019 Global Technology, Media and Telecom Conference

    Uber Technologies, Inc. (NYSE: UBER) announced today that Dara Khosrowshahi, chief executive officer, will participate in a keynote at the Barclays 2019 Global Technology, Media and Telecom Conference on Wednesday, December 11, 2019. Mr. Khosrowshahi is scheduled to appear at 3:30 p.m. Eastern Time.

  • Bill.com soars in trading debut
    Yahoo Finance Video

    Bill.com soars in trading debut

    The latest company to enter the public market is the business-to-business payments company Bill.com. Founder & CEO René Lacerte joins Yahoo Finance’s On The Move panel from the New York Stock Exchange to discuss the company’s market debut.

  • One On One Interview With Uber's Meena Harries
    Meredith Videos

    One On One Interview With Uber's Meena Harries

    One On One Interview With Uber's Meena Harries

  • How e-commerce is fueling demand for Uber Freight
    Yahoo Finance Video

    How e-commerce is fueling demand for Uber Freight

    The growth of online shopping and a nationwide truck driver shortage have created a perfect opportunity for Uber. Uber Freight is the fastest growing segment of the ride-hailing company. Yahoo Finance’s Akiko Fujita was joined by Head of Uber Frieght Lior Ron and Uber Shipper Product Lead Stefan Sohlstrom to discuss.