UBER - Uber Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
33.43
-0.57 (-1.68%)
At close: 4:00PM EDT

33.46 +0.03 (0.09%)
After hours: 7:13PM EDT

Stock chart is not supported by your current browser
Previous Close34.00
Open33.65
Bid33.22 x 3000
Ask33.34 x 1300
Day's Range33.12 - 34.00
52 Week Range32.92 - 47.08
Volume8,071,836
Avg. Volume11,549,707
Market Cap56.831B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-3.01
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est51.47
Trade prices are not sourced from all markets
  • Amid Bay Area exodus, high-growth companies are courted by Texas, Idaho, others
    American City Business Journals

    Amid Bay Area exodus, high-growth companies are courted by Texas, Idaho, others

    There was a time when the Bay Area felt it had a lock on tech talent. Now some of the Bay Area’s most promising companies are finding themselves heavily courted by cities and states eager to lure the high-paying jobs and growth aura that these companies can bring with them. The huge incentive package spurred speculation that the company could one day move its headquarters to the Texas city, which Uber denied.

  • Analysts expect Uber Eats to lose money on every order for at least the next five years
    Quartz

    Analysts expect Uber Eats to lose money on every order for at least the next five years

    A report from investment firm Cowen may have left a sour taste for Uber Eats this week. Cowen’s analysts estimate that Uber is currently losing $3.36 on every order. Cowen’s analysts didn’t say how exactly Uber is losing all that money, but a good guess would be on regular and incentive pay for delivery workers.

  • Analysts’ Views on Lyft Stock after Lock-In Expires
    Market Realist

    Analysts’ Views on Lyft Stock after Lock-In Expires

    A major sell-off in Lyft (LYFT) stock was expected after its lock-in period ended on August 19. However, the stock fell just 1.5% on Monday.

  • Does L.A.’s Scooter Data Program Violate State Privacy Laws?
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    Does L.A.’s Scooter Data Program Violate State Privacy Laws?

    As more cities adopt a controversial scooter tracking system pioneered by Los Angeles, concerns about rider data privacy are spreading.

  • Westdale's Joe Beard: 'You’re always looking for future opportunity or finding the next Deep Ellum'
    American City Business Journals

    Westdale's Joe Beard: 'You’re always looking for future opportunity or finding the next Deep Ellum'

    Westdale President and Chief Executive Joe Beard spoke with the Dallas Business Journal about Uber's move to The Epic, where Deep Ellum is heading, and the challenges and opportunities he’s seeing in the multifamily space.

  • Zacks Market Edge Highlights: Google, Cisco, Aptinyx, Uber and Lyft
    Zacks

    Zacks Market Edge Highlights: Google, Cisco, Aptinyx, Uber and Lyft

    Zacks Market Edge Highlights: Google, Cisco, Aptinyx, Uber and Lyft

  • Uber's head of real estate dishes on where the company will be expanding
    American City Business Journals

    Uber's head of real estate dishes on where the company will be expanding

    The ride-hailing app maker is concentrating growth in more than a dozen "talent hubs" around the globe.

  • For Ride-Hailing Drivers, Data Is Power
    City Lab NonHosted

    For Ride-Hailing Drivers, Data Is Power

    Uber drivers in Europe and the U.S. are fighting for access to their personal data. Whoever wins the lawsuit could get to reframe the terms of the gig economy.

  • GuruFocus.com

    Why Is Softbank Loaning Its Employees Money to Invest in Its Own Fund?

    Masayoshi Son resorts to some eyebrow-raising tactics Continue reading...

  • Parking app SpotHero scoops up $50 million
    American City Business Journals

    Parking app SpotHero scoops up $50 million

    Chicago parking app SpotHero landed $50 million in new funding as it looks to help more people find on-demand parking.

  • How ghost, virtual kitchens are meeting delivery demand
    American City Business Journals

    How ghost, virtual kitchens are meeting delivery demand

    Virtual kitchens are part of actual restaurants but cook food sold under different eatery names on third-party platforms like Uber Eats, which has run with the “virtual” term, reports The New York Times.  “This is not a fad. This disruptive trend is opening the door for new entrants and will transform our industry,” Peter Szende, associate dean and professor at the Boston University School of Hospitality Administration, told Restaurant Dive.  Food-service delivery sales reached $34 billion in 2018 in the U.S., which was up 13 percent from 2017, The Wall Street Journal reports.  The American Customer Satisfaction Index recently found Americans are choosing delivery over restaurant dining, with those who opt for delivery more satisfied than those who dine in. Although guest checks have grown, that’s likely due to restaurants increasing prices.   By 2030, market researcher UBS recently predicted, “most meals currently cooked at home are instead ordered online and delivered from either restaurants or central kitchens,” USA Today reports.

  • Financial Times

    WeWork’s magical thinking disguises a flawed model

    WeWork has the perfect blend of aggressive ambition and squidgy sincerity needed to take the crown in this year’s surge of technology start-ups going public. Like Uber and Lyft before it, the office rental company has become a global brand in less than a decade, spinning a single rented floor in New York into a $47bn global company synonymous with bright, beautiful spaces. In reality, WeWork is a conventional real estate company dressed up in tech bravado.

  • How Young Investors Find the Next Google
    Zacks

    How Young Investors Find the Next Google

    Sometimes stock ideas and trends can present themselves in unlikely places. If you're paying attention.

  • Motley Fool

    Lyft’s IPO Outperforms Uber’s in a Crucial Way

    The twin ride-hailing unicorns debuted this year, but one is faring much better.

  • Investors Didn’t Bail On Lyft The First Chance They Got
    Motley Fool

    Investors Didn’t Bail On Lyft The First Chance They Got

    Lyft's life after lockup has been good so far.

  • 7 Reasons the WeWork IPO Will Be a Stinker
    InvestorPlace

    7 Reasons the WeWork IPO Will Be a Stinker

    It's been a humdinger of a year when it comes to IPOs. None has taken as much abuse as the WeWork IPO. Is it a real estate company? Is it a temporary office provider? What exactly is WeWork and why is it so ridiculed?I first became aware of WeWork in October 2017 when it announced it was buying Lord & Taylor's flagship location in New York City for $850 million. At first, Hudson's Bay (OTCMKTS:HBAYF), Lord & Taylor's parent, was going to keep 150,000 of the iconic department store's 676,000 square feet of space, with WeWork using the rest for office rentals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, Hudson's Bay decided to abandon its plans to maintain a store on Fifth Avenue. The decision gave WeWork even more space to rent out. Flash forward to August 2019 and Amazon (NASDAQ:AMZN) is contemplating renting the entire 12 floors from WeWork. In negotiations with the soon-to-be public company, Amazon might also rent just a portion of the building, opting to find additional space elsewhere. * The 10 Best Marijuana Stocks to Buy Now Whatever happens, WeWork could use a little positive PR. With or without Amazon, the WeWork IPO is going to be a stinker. Here are seven reasons why. WeWork Loses a Lot of MoneySource: Shutterstock In the past three years, WeWork has lost $2.9 billion on $3.1 billion in revenue. That means for every dollar of sales; it loses 94 cents. That's hardly a pathway to profitability or a good sign for the WeWork IPO. What's worse is the fact that over these three years, WeWork's location operating expenses have increased by 251% from $433.2 million in 2016 to $1.8 billion in 2018. What are location operating expenses?"'Location operating expenses' are our largest category of expenses and represent the costs associated with servicing members at our locations. These expenses consist primarily of lease costs (including non-cash GAAP straight-line lease cost), core operating expenses (such as utilities and internet), expenses associated with ongoing repairs and maintenance and the costs of supporting a dynamic community in our locations," states its S-1. Think of it as the company's cost of goods sold. In fiscal 2018, it had a gross margin of just 16.5%. By comparison, Uber (NYSE:UBER) had a gross margin of 45% in its latest quarter ended June 30. Some analysts believe Uber may never make money, which means WeWork has got its work cut out for it. The WeWork IPO Already Has a Nosebleed ValuationSource: Shutterstock WeWork got its start in early 2010, opening its first location at 154 Grand Street in New York City. Since then, it's added 527 locations in 110 cities and 28 countries, making it a global business in just nine years. In 2009, thanks to its Series A funding, WeWork had a valuation of $97 million before it ever opened its doors. Two years later, after getting Series C funding, it was worth $4.8 billion. In January 2019, WeWork received $6 billion from Japan's SoftBank Group (OTCMKTS:SFTBF), which upped the valuation to $47 billion or 26 times sales. What stock can you buy for a lower P/S ratio? How about Amazon for just 3.6 times sales. And it's got $22 billion in free cash flow over the trailing 12 months. In contrast, WeWork had a negative free cash flow of $1.1 billion in the six months ended June 30.Who knew that Amazon could appear downright cheap next to WeWork? Heck, you can get Uber for just 4.8 times sales. And the WeWork IPO is expected to raise about $3.5 billion more. * 10 Undervalued Stocks With Breakout Potential On the valuation alone, investors should avoid the WeWork IPO. Adam Neumann Better Not Get Hit By a BusSource: Bjorn Bakstad / Shutterstock.com WeWork's S-1 mentions the word "Adam" 169 times amongst its 220 pages of text. That's CEO and co-founder Adam Neumann. By comparison, there are only 20 examples of "Rebekah," Neumann's wife and co-founder. Neumann is tied at the hip to WeWork. Without him, it appears there would be no company. The Financial Times has done an excellent job in its observations of the WeWork S-1, especially those that relate to Neumann personally. For one, Neumann has a line of credit for $500 million with three banks, all of whom are connected to the WeWork IPO. Of the line of credit, Neumann's drawn on $380 million of it. Some of his WeWork shares secure the line of credit. Also, J.P. Morgan (NYSE:JPM), who are up to their eyeballs involved in WeWork, have lent Neumann $98 million and $800 million in loans for the company as part of a $6 billion loan package to keep WeWork growing.If Neumann gets hit by a bus, Jamie Dimon's going to have a cow. After all, without the Neumann family involvement, WeWork's merely a company renting office space. The WeWork IPO Has a Three-Class Share StructureSource: Shutterstock Investors concerned about corporate governance will not like WeWork's share structure. You've heard of dual-class share structures. Those evil share structures that give a founder complete control over a multi-billion-dollar business without actually owning 51% of the equity. Well, WeWork comes to the IPO table with a three-class share structure. Those buying stock in the IPO will get Class A common stock that comes with one vote per share. WeWork's existing shareholders will come to the IPO with Class A, Class B, and Class C stock. The Class B and C come with 20 votes per share. Adam Neumann has 2.4 million Class A shares, 112.5 million Class B, and 1.1 million Class C shares. By comparison, SoftBank has 114 million Class A shares. This means that even though it has about the same equity as Neumann, the CEO will have 20 times the votes, easily controlling the business. Worse still, the IPO investors are getting shares in a holding company rather than directly in We Company MC LLC, which means they have to share the profits with Neumann and other early investors. According to Fortune, this means that Neumann will pay individual income tax rates on profits while IPO investors will pay U.S. corporate taxes plus personal taxes on dividends. "This is another move that enriches insiders," said Matthew Kennedy, Senior IPO Market Strategist at Renaissance Capital. "Up-C creates a tax shield, and insiders are taking that benefit for themselves. So the cash savings that the company would have had are gone, and We Co. will, therefore, be making higher payments to the IRS." * 10 Mid-Cap Dividend Stocks to Buy Now So, not only does Neumann get control by the unusual share structure, but he also benefits more than the WeWork IPO investors dumb enough to buy shares. Softbank Owns a Chunk of WeworkSource: Ned Snowman / Shutterstock.com The tech industry loves to throw out the name SoftBank whenever innovation and disruption is the subject of the day. If you don't know who SoftBank is, it's the people behind Sprint (NYSE:S), the wireless company so poorly run that it's been forced to merge with T-Mobile (NASDAQ:TMUS) to survive. Despite the FCC Chair's thumbs up for the merger, it still might not get the go-ahead. Money Week's John Stepek recently had some choice words for both SoftBank and WeWork. It's worth a read. "My view -- and it is just a view, and I realise I've been keen to call the "IPO at the top" of this cycle -- is that if WeWork manages to list, then there's a very good chance that we really have reached the top and that a bear market will begin shortly afterwards," Stepek wrote August 19. Stepek views SoftBank as the anti-Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), a telecom company that's turned itself into a venture capital company that will also lend money to its employees to invest in its startup businesses like WeWork. SoftBank founder Masayoshi Son lost a big chunk of his fortune in the dot.com crash in 2000. If not for a big bet on Alibaba (NYSE:BABA), he might not still be one of Japan's wealthiest persons. With a significant investment in WeWork, Son better hope 2000 doesn't repeat itself, because if it does, he'll be in the dustbin of history once more. WeWork Is Stuck in Expensive Lease AgreementsSource: Shutterstock The company's lease payment obligations were $47.2 billion at the end of June, 39% higher than at the end of 2018. If you invest in retail companies, you're probably familiar with these obligations. They're not quite long-term debt but liabilities nonetheless. While the obligations represent potential future revenue as WeWork adds individual and corporate members interested in accessing its office space, the members have the ability to up and leave while the company remains on the hook for the entire leased space. That's a fixed cost that it can't escape while its membership revenues are variable. "That mismatch can be deadly in a recession," Renaissance Capital's Kathleen Smith said recently. "It means the company has got to be able to pay the lease costs. If for some reason there's price pressure, lack of renewals, cancellations and they have a time where they're not leasing out their space, that could be a very huge risk in a recession." * The 10 Best Marijuana Stocks to Buy Now Considering some believe a recession could come as early as 2020, this is a considerable risk to WeWork's future valuation. WeWork Can't Get Its Own Name StraightSource: Shutterstock WeWork changed its name in January to The We Company so that it could expand beyond its role of renting commercial office space. It wants to become the center of its members' universe.In addition to WeWork, The We Company provides other offerings including WeGrow (schools), WeLive (hotels and apartments), Meetup (connecting people with shared interests online to meet offline), Flatiron School (online software programming classes), Conductor (marketing services software company), and Managed by Q (office management). I don't think anyone will argue that creating a holding company makes sense given all the different pies it's got itself into. However, it made its name as WeWork. It ought to retain that name.The We Company makes far less sense than something like WeWork Enterprises. Then again, the WeWork IPO makes little sense, so changing its name to The We Company is par for the course. 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 * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post 7 Reasons the WeWork IPO Will Be a Stinker appeared first on InvestorPlace.

  • Where Did Stanley Druckenmiller Place His Bets?
    Market Realist

    Where Did Stanley Druckenmiller Place His Bets?

    In the second quarter, Stanley Druckenmiller's top five buys were Uber Technologies, Microsoft, Salesforce.com, PG&E;, and Barrick Gold.

  • TheStreet.com

    [video]Why Uber and Lyft Could Get Particularly Banged Up in a Recession

    An economic downturn could test whether consumers view ride hailing as a luxury or a necessity, and slow both companies' drives to profitability.

  • GuruFocus.com

    WeWork's IPO Filing Is a 'Masterpiece of Obfuscation'

    IPO analyst calls out WeWork’s confusing filing Continue reading...

  • InvestorPlace

    Is Lyft Stock Better Than Uber Stock to Invest in Now?

    If you were riding with Lyft (NASDAQ:LYFT) stock into earnings, it looked like you were going to get a smooth ride. Lyft reported better than expected numbers, and Lyft's stock initially went up. The good cheer wasn't to last, however.Source: Tero Vesalainen / Shutterstock.com That's because Lyft's big rival, Uber (NYSE:UBER) announced seemingly dreadful earnings results, crashing both companies' parties. UBER stock has continued to skid to new lows, and Lyft's stock price recently threatened to fall below $50 per share again as well. With both ride-sharing companies swerving lower, is it time to buy either Uber or Lyft stock? Lyft's Earnings: Hold the ApplauseLyft's quarterly earnings report looks great at first glance. On a non-GAAP basis, Lyft only lost 68 cents per share. That was far better than expectations of a $1.74 per share loss. On revenues, the company's $867 million figure smashed estimates of $809 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential However, Lyft had offered the street ridiculously low guidance heading into the second quarter. Revenues grew at the same rate in Q2 as they did sequentially in Q1. The big revenue beat came from Lyft and analysts setting a very low bar, not from growth actually speeding up. As it is, losses continue to mount, and not surprisingly, the market sold Lyft stock off after the initial excitement faded. Lyft and Uber: Comparing Quarterly ResultsLike with other metrics, it's hard to directly compare the quality of Uber and Lyft's most recent quarters. Uber produced a much more shocking overall net loss than Lyft, and Uber's stock skidded to the downside as a result.But when that huge reported net loss was largely a result of outlandishly generous stock compensation for executives, it's hard to call that a real negative for Uber compared to Lyft. After all, Uber did have a much more successful IPO than Lyft. They IPOed at a higher valuation ratio, and Uber's stock price didn't immediately collapse after the initial offering. Lyft stock, as you may remember, tanked from $87 to under $60 within a few weeks after its IPO. So it's hardly much credit to Lyft to say they had smaller losses because of less shareholder compensation when that is a direct result of the sinking share price.Ignoring reported net income, the figures look more comparable. Both Uber and Lyft are failing to show any meaningful economies of scale yet. Both are reporting larger and larger EBITDA losses as they grow. Lyft, for example, went from a $190 million EBITDA loss in 2018 to $205 million in EBITDA losses this quarter. Ideally, your EBITDA is supposed to improve as you scale up. But both Lyft and Uber have not turned into anything resembling ideal businesses yet. Is a Recession Good or Bad for Ride-Sharing?With all the talk about a recession hitting soon, it's worth asking what a recession would mean for Uber and Lyft stock. On the one hand, it could be a big plus on the driver costs side. Right now, the labor market is tight. Unemployment is low and businesses are struggling to find new workers. In this environment, Lyft and Uber are having to pay more in subsidies to recruit and keep new drivers. It's logical to assume that in a recession, a lot of people would lose their jobs and turn to the gig economy to replace lost wages. This should help cost structures for Lyft and Uber.On the other hand, a recession would clearly hurt the demand side of the picture. For everyday use, you'd see a lot of folks switch back from ride-sharing to mass transit and other alternatives to save money. Also, ride-sharing has seemingly created a lot of new demand where people previously didn't get transportation at all. In a recession, that sort of fun night out activity gets cut back significantly to pinch pennies. The Bottom Line on Lyft StockUltimately, at this time, I wouldn't want to own either Lyft stock or Uber stock. The businesses are both losing tons of money even on an EBITDA basis. Once you add in very real costs such as interest, things look worse. And how's it going to change in the near term?Uber and Lyft are locked in a price war in the United States for market share. Since Lyft has relatively little going on internationally or in other adjacent businesses, there's not much it can do to become profitable while fighting Uber. It's hard to see a path to meaningful profi unless Lyft either beats Uber out in North America or finds a softer market somewhere else to compete in.With Uber, some of its other bets, such as international markets, its more robust data and self-driving efforts, or adjacent businesses such as UberEats could take off, even while it is losing money fighting Lyft in the U.S. Is that a good bet? Probably not yet. There's no sign that Uber's economic results are anywhere near an inflection point just yet. But at least there is a viable path to profits for Uber.For Lyft, you have to crush Uber and manage to raise prices -- without letting taxis back into the game -- before self-driving cars come along and make the current business model obsolete. That's a tall order for Lyft's management to pull off.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Is Lyft Stock Better Than Uber Stock to Invest in Now? appeared first on InvestorPlace.

  • Benzinga

    Uber To Open Central Office In Downtown Dallas – Its Largest After San Francisco Headquarters

    After spending much of 2019 staunching losses, Uber Technologies Inc (NYSE: UBER) has announced a major expansion in Dallas, Texas. A growing number of transportation operators have opted to launch a range of cutting-edge mobility services, from self- driving trucks to robotic food delivery and air taxis, in this Northern Texas metropolis. "If you look at the companies making those decisions – Uber, Kodiak, Toyota – Dallas makes a lot of sense, because of the ease of operations, real estate and the talent pool," said Duane Dankesreiter, senior vice president of research and innovation at the Dallas Regional Chamber of Commerce.

  • Bloomberg

    SoftBank in Talks to Hire Senior Ex-Deutsche Bank Trader

    (Bloomberg) -- John Pipilis, the former head of fixed-income trading at Deutsche Bank AG, is in talks to join SoftBank Group Corp.’s giant investment fund in a senior position.Pipilis’s potential role would be head of financing at SoftBank Investment Advisers, according to two people familiar with the matter who asked not to be named because the talks are private. SBIA manages the $100 billion Vision Fund, the world’s biggest pool of technology investments, which holds stakes in WeWork, Uber Technologies Inc. and Slack Technologies Inc.The talks may not result in Pipilis being hired, the people said. Still, the discussions not only highlight how former traders from Deutsche Bank are reconvening at SoftBank, but also how the Japanese conglomerate is increasingly using financial structuring to help manage its growing tech portfolio.Pipilis, a veteran of the German lender until leaving amid its historic overhaul earlier this year, oversaw one of the world’s biggest fixed-income trading businesses, dealing in everything from derivatives tied to corporate and sovereign debt, currencies and interest rates to junk bonds and leveraged loans.Pipilis declined to comment, as did a spokesman from SoftBank.Deutsche Bank Chief Executive Officer Christian Sewing is cutting 18,000 jobs and retreating from risky trading businesses in the latest revamp of the Frankfurt-based lender, which has struggled over the years with legal and regulatory woes. The various overhauls have prompted the departures of a number of top staff.SoftBank has become home to a number of Pipilis’ former colleagues. Colin Fan, the former co-head of Deutsche Bank’s investment-banking unit, joined SoftBank in 2017, while Rajeev Misra, who built the German lender’s credit derivatives and trading business, is the Japanese company’s head of strategic finance and is in charge of the Vision Fund.Other former Deutsche Bank staff who now ply their trade at SoftBank include Akshay Naheta, Murtaza Ahmed, Munish Varma, Saleh Romeih, Faisal Rahman, Aamir Akram, and Ziyad Al Ashaikh.Unlike traditional tech investors, who buy equity stakes in startups, SoftBank has used a variety of investment strategies to fund its deals, from seeking lines of credit to using billion-dollar collar trades. Pipilis’s role may be to help the Vision Fund manage its debt, but also advise on fixed-income strategies for companies in its portfolio, one person said.\--With assistance from Sonali Basak.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Donal Griffin in London at dgriffin10@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Keith Campbell, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Uber Rival Bolt Launches Food-Delivery, Starting With Estonia

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Bolt, the ride-hailing service formerly known as Taxify, said it has begun operating a food-delivery business in its native Estonia, and will launch in other European and African countries next year.Bolt Food will deliver meals from about 80 restaurants in the country’s capital of Tallinn, using the company’s existing network of thousands of drivers, the company said in a statement Wednesday. Bloomberg reported in March that Chief Executive Officer Markus Villig would consider bringing a food-delivery service “anywhere we have a market-leading position.”The Estonian company’s expansion follows significant consolidation of the food-delivery market in Western Europe. In August, Takeaway.com NV and Britain’s Just Eat Plc agreed on terms to combine their two businesses. Takeaway also agreed to acquire the German business of Delivery Hero SE for approximately 930 million euros ($1 billion) in December.Bolt has 25 million registered users across the 30 countries where it’s active, and hundreds of thousands of drivers working for its ride-hailing service, according to a spokesman. Villig said in March he’s confident the market will support his ambition to compete in the food-delivery space.The company raised $175 million in May last year at a $1 billion valuation, in a deal led by Daimler AG.To contact the reporter on this story: Nate Lanxon in London at nlanxon@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Stefan NicolaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Motley Fool

    WeWork and Peak IPO

    IPO mania has been ratcheting up all year, but the buzz around WeWork is remarkably negative.

  • Head of Uber Freight on the launch of new carrier app design
    Yahoo Finance Video

    Head of Uber Freight on the launch of new carrier app design

    It's been a bumpy few months for Uber, but its "other bets" have been a bright spot for the ride-hailing giant. Lior Ron, Head of Uber Freight, joins Akiko Fujita on 'The Ticker' to discuss what lies ahead for the company.