|Bid||36.75 x 900|
|Ask||36.75 x 1000|
|Day's Range||36.25 - 37.67|
|52 Week Range||25.58 - 47.08|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||44.43|
Amazon has boosted its position as the world’s most valuable brand surpassing Google, Apple and Microsoft, according to a global report.
Uber Technologies (UBER) closed the most recent trading day at $36.80, moving -1.6% from the previous trading session.
Last year, many of the most widely anticipated initial public offerings (IPOs), Lyft (NASDAQ: LFYT) and Uber (NYSE: UBER) chief among them – proved to be duds as investors lost patience for growing, but ...
XStream Trucking, a design and engineering company focused on connected hardware for the commercial vehicle industry, announced Thursday that its flagship technology, TruckWings, has been deployed for 45 million miles of highway driving, netting fuel savings of more than $1 million and reducing carbon emissions by over 7 million pounds.
A company must show four consecutive quarters of earnings to be a component of the index. Tesla stands a good chance of inclusion by the end of 2020 or early 2021 because of projected profitability during 2020.
BNP Paribas downgraded Tesla shares from the equivalent of Buy to Hold on Thursday in a report that took at a different look at the company—and how investors are valuing, or overvaluing, the stock today.
Uber and Nissan have signed a deal to help drivers in London switch to fully electric vehicles, as part of the ride-hailing company’s push to make all its journeys in the capital emission-free by 2025. Nissan will make 2,000 of its Sunderland-made electric Leafs available to Uber drivers at below the market rate, at an undisclosed discount, which they can rent or buy outright from approved vendors. Drivers will also be able to use money accumulated from Uber’s “clean air fee,” which charges riders 15p per mile on all London journeys, to help pay for the cars.
Transport for London (TfL), the transportation regulator that suspended Uber’s license in London in November 2019, has released the 62-page document it sent to the ridesharing company at the time. The document, which provides details of why it rejected Uber’s application for a new license in London, says that the company failed to identify drivers’ fraud and ensure passenger safety. Some drivers were able to replace their photos on the Uber app by manipulating the platform’s GPS settings, according to the document.
FT subscribers can click here to receive Opening quote by email. The decision by UK competition authorities to launch an eleventh-hour review into Takeaway.com and Just Eat’s £6bn merger has thrown one ...
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Technology’s most influential leaders have a new message: It’s not us you need to worry about -- it’s artificial intelligence.Two years ago big tech embarked on a repentance tour to Davos in response to criticism about the companies’ role in issues such as election interference by Russia-backed groups; spreading misinformation; the distribution of extremist content; antitrust violations; and tax avoidance. Uber Technologies Inc.’s new chief even asked to be regulated.These problems haven’t gone away -- last year tech’s issues were overshadowed by the world’s --- but this time executives warned audiences that AI that must be regulated, rather than the companies themselves.“AI is one of the most profound things we’re working on as humanity. It’s more profound than fire or electricity,” Alphabet Inc. Chief Executive Officer Sundar Pichai said in an interview at the World Economic Forum in Switzerland on Wednesday. Comparing it to international discussions on climate change, he said, “You can’t get safety by having one country or a set of countries working on it. You need a global framework.”The call for standardized rules on AI was echoed by Microsoft Corp. CEO Satya Nadella and IBM CEO Ginni Rometty.“I think the U.S. and China and the EU having a set of principles that governs what this technology can mean in our societies and the world at large is more in need than it was over the last 30 years,” Nadella said.It’s an easy argument to make. Letting companies dictate their own ethics around AI has led to employee protests. Google notably decided to withdraw from Project Maven, a secret government program that used the technology to analyze images from military drones, in 2018 after a backlash. Researchers agree.“We should not put companies in a position of having to decide between ethical principles and bottom line,” said Stefan Heumann, co-director of think tank Stiftung Neue Verantwortung in Berlin. “Instead our political institutions need to set and enforce the rules regarding AI.”The current wave of AI angst is also timely. In a few weeks the EU is set to unveil its plans to legislate the technology, which could include new legally binding requirements for AI developers in “high-risk sectors,” such as health care and transport, according to an early draft obtained by Bloomberg. The new rules could require companies to be transparent about how they build their systems.Warning the business elite about the dangers of AI has meant little time has been spent at Davos on recurring problems, notably a series of revelations about how much privacy users are sacrificing to use tech products. Amazon.com Inc. workers were found to be listening in to people’s conversations via their Alexa digital assistants, Bloomberg reported last year, leading EU regulators to look at more ways to police the technology. In July, Facebook Inc. agreed to pay U.S. regulators $5 billion to resolve the Cambridge Analytica data scandal. And in September Google’s YouTube settled claims that it violated U.S. rules, which ban data collection on children under 13.Read more: Thousands of Amazon Workers Are Listening to What You Tell AlexaPrivacy DebateInstead of apologies over privacy violations, big tech focused on how far it has come in the past few years in terms of looking after personal data.Facebook Vice President Nicola Mendelsohn said in an interview with Bloomberg Television on Friday that the company has rolled out standards similar to Europe’s General Data Protection Regulation in other markets.“Let’s be very clear, we already have regulation, GDPR,” Mendelsohn said in response to a question about the conversations Facebook is having with regulators. “We didn’t just do it in Europe where it was actually regulated. We thought it was a very considered and useful way of thinking about things so we actually rolled a lot of that out around the world as well.”Keith Enright, Google’s chief privacy officer, also spoke at a separate conference in Brussels this week about how the company is working to find ways to minimize the amount of customer data it needs to collect.“We’re right now really focused on doing more with less data,” Enright said at a data-protection conference on Wednesday. “This is counter-intuitive to a lot of people, because the popular narrative is that companies like ours are trying to amass as much data as possible.”Holding on to data that isn’t delivering value for users is “a risk,” he said.But regulators are still devising on new laws to protect user data. The U.S. is working on federal legislation that calls for limits on sharing customer information and, similar to GDPR, require companies get consent from consumers before sharing data with third parties. Facebook, Amazon, Apple Inc. and Microsoft all increased the amount they spent on lobbying in Washington last year, with some of those funds going to pushing industry-friendly privacy bills.And even though tech executives called for AI rules, they still cautioned against regulating too much, too fast. Pichai reminded lawmakers that existing rules may already apply in many cases. Lawmakers “don’t need to start from scratch” he said.\--With assistance from Nate Lanxon and Stephanie Bodoni.To contact the reporters on this story: Amy Thomson in London at email@example.com;Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- A year ago, Uber Technologies Inc. hiked the price of rides in London and placed the surcharges into a fund that would help drivers switch to electric vehicles. On Friday, Uber said drivers would be able to start tapping into that fund in the form of discounts on electric cars made by Nissan Motor Co.The two companies agreed to offer 2,000 Nissan Leaf electric cars to Uber drivers in London as part of the program. The average Uber driver in London would save about 4,500 pounds ($5,900) off the cost of a Leaf through a combination of a manufacturer discount and a rebate from the electric vehicle fund, Uber said. The company declined to provide more details on the offer price.Automakers are hoping environmentally conscious businesses and customers will drive demand for electric cars. The need to boost sales is especially acute for those with operations in the U.K., which includes Japan’s Nissan, amid the uncertainties of Britain’s planned exit from the European Union.Read more: U.K. to Ensure No Brexit Cliff-Edge for Carmakers, Minister SaysThe auto industry suffered a series of setbacks last year as U.K. production slumped and manufacturers idled plants to cope with three Brexit deadlines that came and went. Jaguar Land Rover Automotive Plc said it’s cutting thousands of jobs, Honda Motor Co. is closing its only British factory in 2021, and Nissan scrapped plans to build the X-Trail sports utility vehicle in Sunderland. The Japanese automaker will instead use that facility to make the 2,000 Leafs for Uber.Uber increased the cost of taking a ride in London by 15 pence per mile in January 2019 in order to raise a target of 200 million pounds for the electric vehicle fund. Uber said it raised 80 million pounds in the first year. Drivers must accrue at least 1,000 pounds in contributions to the fund before receiving credits.The company’s future in the city is uncertain after regulators revoked its license to operate there in November. Although Uber can continue to facilitate rides while it appeals the decision, regulators have expressed reservations about the company’s ability to guarantee the safety of passengers. This week, London’s main transportation regulator released a scathing report detailing its concerns about the service.To contact the reporter on this story: Nate Lanxon in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Mark Milian, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- London’s main transportation regulator has released a scathing document detailing why it moved to ban Uber Technologies Inc. from operating in the city. The regulator lists several safety concerns, including the charge that it didn’t receive proper notification of alleged sexual assaults involving the platform.The report comes just months after the regulator, Transport for London, revoked Uber’s license to operate in the city for the second time in less than three years. Uber is currently doing business in London under a temporary license, and fighting for the ability to continue operating in one of the world’s biggest hubs.Sent to Uber in late November but only released this week, the regulator’s 62-page document focuses on charges that Uber failed to adequately verify drivers’ identities and safeguard the service for passengers. It also says the company blamed “system or human error” for its failing to promptly notify Transport for London about seven incidents that led the company to suspend a driver. A number of these related to allegations of rape and sexual assault, the report said.In November, “We found Uber not fit and proper to hold a new private hire operator’s license,” said Helen Chapman, the regulator’s licensing director, noting that the company had submitted an appeal.Uber declined a request for comment.Transport for London, TfL, has previously said that at least 14,000 Uber trips involved drivers who weren’t who they said they were, thanks to the company’s fallible license-verification process. 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.In the report, the U.K. regulator also attacked Uber’s system for monitoring drivers’ insurance status, stating that the ride-hailing company had failed to stop uninsured drivers from working on the app.The regulator said that some drivers were able to hack Uber’s platform by manipulating their GPS settings when uploading photos, a tactic that allowed them to change photos or put their photo on another driver’s account. Drivers are banned from doing so in the U.K. Five of these drivers had already been dismissed by Uber, the report said.The regulator also flagged a software patch used by Uber drivers to allow them to see passenger destinations, mainly a strategy used by drivers at airports. The issue was brought to TfL’s attention by an unnamed third party.The ability for drivers to see passenger destinations in advance of accepting a trip is significant because it means drivers can reject shorter, less pricey trips in favor of more profitable long hauls. Drivers worldwide have long requested the feature, with Uber making it available just this month to California drivers as a way to strengthen its case that its drivers are free agents and should not be governed by a new state law seeking to reclassify them as employees.Uber is currently preparing an appeal to TfL’s decision to revoke its license, a process that could take years, and during which time the company will be allowed to continue operating in the city. Meanwhile, Uber is still flagging potential issues to TfL. In November, the company told the regulator about an online scam targeting drivers to create fake trips for charging passengers.\--With assistance from Nate Lanxon.To contact the reporter on this story: Giles Turner in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Anne VanderMey, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Enter Shin-pei Tsay, the director of policy, cities and transportation at Uber . TechCrunch is excited to announce that Tsay will join us onstage at TC Sessions: Mobility, a one-day conference dedicated to the future of mobility and transportation. If there's one person who is at the center of this universe, it's Tsay.
Uber Advanced Technologies Group will start mapping Washington, D.C., ahead of plans to begin testing its self-driving vehicles in the city this year. Initially, there will be three Uber vehicles mapping the area, a company spokesperson said. Uber intends to launch autonomous vehicles in Washington, D.C. before the end of 2020.
Apparently so, according to consumer advocate and former presidential candidate Ralph Nader, who issued a stark warning this week, not only on the electric-car maker’s pricey stock, but on the stock market as a whole. “Deep in debt, selling less than 400,000 vehicles last year and challenged by several competing electric car models in 2020, Tesla’s stock valuation stunningly exceeds (VOW3) which sold over 10 million vehicles last year,” Nader added in a follow-up tweet. On the opposite end of the spectrum from Nader, plenty of others are wildly optimistic about the Tesla, even after the latest rally.
Colombia's President Ivan Duque said technology companies were welcome in his country, but they had to operate on a level playing field with local firms. "It's smart regulation to level the field and to … not … have unfair competition among parties," he told Reuters at the annual meeting of the World Economic Forum. Duque's comments follow a court order late last year against ride-hailing company Uber Technologies Inc. The Andean country has ordered Uber to cease operations after a judge said it violated competition rules.
Uber Technologies Inc will put self-driving vehicles on Washington, D.C. roads Friday with human drivers in control, the ride share company said on Thursday, as it seeks to collect data for future deployment of fully self-driving vehicles. The goal is for computers to operate the vehicles eventually.
Companies that stay private too long may not have a good exit strategy, says Renaissance Capital's chairman.