27.90 +0.04 (0.14%)
After hours: 7:52PM EST
|Bid||27.91 x 1100|
|Ask||27.91 x 2900|
|Day's Range||27.80 - 28.92|
|52 Week Range||25.58 - 47.08|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.77|
In a new safety report, Uber reveals the company has received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year. Yahoo Finance's Zack Guzman, Emily McCormick and Alexis Keenan discuss with Strictly Cookies CFO Courtney Comstock.
Uber released a report outlining almost 6,000 reports of sexual assault involving passengers or drivers in the U.S. between the years of 2017 and 2018. Yahoo finance's Alexis Keenan joins On the Move to discuss.
Gabelli analyst John Tinker told Barron’s that sports franchises are the ultimate trophy assets. “There are not many of them,” he said, “and there are fewer sports teams than there are billionaires.”
The ride-sharing company issued an 84-page report Thursday night that outlined how the company has been working to improve safety conditions.
(Bloomberg Opinion) -- What to make of the alarming data on assaults, murders and other unsafe incidents reported by Uber Technologies Inc. on Thursday?More than 3,000 sexual assault allegations were made in 2018 by Uber drivers and passengers in the U.S., the company said in a first-of-its-kind safety report. We can't know from the data if Uber is statistically safer than other forms of transportation, or safer than being a human — particularly a female human — in the United States in 2019. Taxis, public-transit agencies, professional-car services and other transportation providers don’t make comparable national reports of crime as Uber has done.The reported incidents are a fraction of the more than 1 billion rides Uber transacts in the U.S. each year. There is, though, one sure thing we can say about Uber, Lyft and related services that make them different than other forms of transportation: They sold us on the power of trust, and any erosion in that trust makes the companies vulnerable.When services such as Uber and Airbnb were getting off the ground earlier this decade, people were understandably apprehensive about taking a ride with strangers, or staying in the home of a random person. Our parents literally cautioned us against this our whole lives, and it seemed incredibly stupid to defy a lifetime of warnings.Slowly, though, these services wore down many people's natural reluctance to trust strangers in these circumstances. That was partly because Uber, Airbnb and similar companies were too convenient and useful for many people to shun. But also, and importantly, our stranger-danger fears wore down because the companies successfully convinced us to trust that any danger of that type was remote.The idea is that the collective power of millions of riders and drivers rating and reviewing each other would keep us safe. Uber and its peers around the world also touted their ability to screen drivers and passengers, and track rides to protect people from possible harm. There were questions from the beginning about how well Uber and other companies that put regular folks in the role of professional driver were screening people who used its service. But the companies’ ability to convince many people to tamp down their stranger-danger anxiety was a secret to success for Uber, Airbnb and the like.That's why anecdotes — and now data — of horrible crimes on Uber passengers and drivers matter, no matter whether they are statistically large or small. Those old feelings of anxiety recur.The sad fact is that assault is a common crime we don't like to think or talk about, because it makes us feel vulnerable. Every institution in America can do much more to protect vulnerable people. None of that absolves Uber from responsibility to do more.There is compelling reporting indicating that Uber sometimes protects itself from liability at the expense of drivers and riders who are preyed upon. Uber in its early years of aggressive expansion did truly unconscionable things in response to allegations of a passenger raped in India.Now, Uber deserves credit for doing the work to catalog and disclose incidents of abuse in its network, but we can’t be confident how many terrible abuses could have been avoided if Uber did more to prioritize safety. How much of the problem is Uber, and how much is the world? Because companies such as Uber sold us on trust, they get no passes when it comes to ensuring the safety of riders and drivers.The collective power of trust is one of those internet-era truisms that is coming under question now. It turns out those five-star product reviews can be bought and gamed. That person on Facebook who says she’s a civil rights activist may be a Russian propagandist. It turns out that even genius technology companies are fallible, perhaps willfully so, about letting dangerous people slip through the cracks.These risks are all present in the real world, of course, but for a long time we were convinced the power of the internet made trust more solid. Now companies, and the users of their products and services, are reckoning with the limits of trust. To contact the author of this story: Shira Ovide at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Good day, Seattle-based logistics startup Shipium raised a $2 million seed round led by PSL Ventures, the venture arm of Seattle startup studio Pioneer Square Labs, GeekWire reported. Founded by two ex- ...
The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursday it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year. "As a country, we must ensure safety is a priority, and make it clear that sexual assault and harassment will not be tolerated anywhere, no matter where it occurs," he said. The sexual assault figure represents a 16% fall in the rate of incidents from the previous year in the five most serious categories of sexual assault reported, Uber said on Thursday in its first biennial U.S. Safety Report https://www.uber-assets.com/image/upload/v1575580686/Documents/Safety/UberUSSafetyReport_201718_FullReport.pdf.
Aramco Goes Public, Finally Saudi Arabia took the biggest company in the world public today in the Saudi Arabian exchange, for what logically ended up being the biggest IPO in the world. It sold 3 billion shares at $8.53 a share, raising more than the now-runner-up Alibaba (NYSE:BABA) when it went public in 2014. Since […]The post Market Morning: Aramco Goes Public, Pelosi to Save Democracy, Payrolls Beat, Uber Assaults appeared first on Market Exclusive.
Postmates, the food-delivery startup, has closed its Mexico City operations and laid off dozens of employees, citing a lack of growth and a desire to focus more on the U.S. market. The closure of the Mexico City office was announced Dec. 3. Postmates launched service in Mexico City, its first location outside the U.S., in November 2017.
Uber's report responds to criticism, and lawsuits, regarding safety in ride-hailing. The report says the company received nearly 6,000 reports of sexual assaults over 2017 and 2018.
(Bloomberg Opinion) -- One consequence of America’s Cyber Monday shopping binge is the imminent arrival of $9.4 billion worth of merchandise on the nation’s doorsteps. And that will cue the annual cries of frustration about porch pirates — along with a raft of local news stories on how to evade them, and a few viral tales of consumers attempting to spook them with booby-trapped packages or glitter bombs.The fixation on thwarting porch pirates is understandable. (I, for one, will confess to being irrationally angry recently when a $27 baby onesie was swiped from my front stoop.) But it is also a flawed way of thinking about a legitimate and persistent problem with e-commerce.The problem is not just theft. It is that shipping giants such as United Parcel Service Inc. and FedEx Corp., as well as big retailers, are not moving fast enough to make delivery of online orders more flexible and to turn over more control to shoppers.Consumers and neighborhood associations should spend less time trying to answer the question, “How can we create a world where expensive goods can sit on my doorstep for hours and not get stolen?” Instead, they should be asking, “How can we make it so that expensive goods are not left on my doorstep in the first place?”UPS and FedEx, to be fair, have made strides toward giving customers more options. Each has a network of thousands of access points where shoppers can pick up packages, including at ubiquitous stores such as Dollar General or CVS Pharmacy. Both shippers have apps that allow residents to provide delivery instructions for a driver.Retailers, too, are getting more creative. Amazon.com Inc. now offers the option of choosing a single day each week for all of your recent orders to arrive, making it easier to ensure you’ll be home when your haul is delivered. And both Amazon and Walmart Inc. are piloting services that rely on smart-home technology that allows a driver one-time, secure access to your home.Surely such a service, or some variation of it, will become commonplace within a decade. (After all, there was once a time when it was creepy to get in a stranger’s car, but thanks to Uber and Lyft that’s now ordinary.) For now, though, the choices for consumers are underwhelming or confusing — or, in some cases, both.For example, UPS and FedEx both trumpet the convenience of letting you reroute an in-progress shipment to an access point. But online shoppers aren’t able to fully take advantage because retailers can put restrictions on packages preventing the recipient from redirecting them. This is likely a well-intentioned anti-fraud tactic, but it means access points aren’t the reliable solution they’re cracked up to be.And retailers aren’t always great at steering customers toward desirable secure options. Amazon, for example, routinely tries to nudge me at checkout to try a pickup point that is a 30-minute drive from my home, even though there is a Whole Foods Market with Amazon lockers in walking distance.But there are bigger ideas that could do even more to ensure package security. What if UPS or FedEx were to more routinely provide narrower time windows for drop-offs, or to allocate more workers for nighttime deliveries when nine-to-fivers are likely to be at home? What if retailers allowed customers to choose their shipping provider at checkout, which might force shippers to compete for their loyalty?Such changes would further complicate the “last-mile” delivery challenges the industry has been addressing for decades, and would likely add costs. But these are the same logistics experts and retailers that were able to make speedy two-day delivery standard. It’s not unreasonable to expect them to innovate their way to giving shoppers more choice.Even if it’s difficult, improved delivery flexibility is a far better remedy for porch piracy than other headline-grabbing approaches. Police departments have experimented with planting bait packages on doorsteps that are outfitted with GPS trackers, potentially allowing them to catch individual thieves. Texas has a new law on the books that makes package theft punishable by up to 10 years in prison.Never mind that there are already laws against theft. These kinds of punitive measures are not useless, but they are likely to be helpful only in a limited area for a limited period of time.The more productive approach is to focus on reducing the unsecured supply of porch treasures. And no one is better equipped to attack that problem than the retailers and shippers. So shoppers should raise their expectations of these companies and demand that they do more.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Michael Newman at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
The way that the two ride-sharing giants have managed to expand the market for rides is the key to understanding their appeal to some.
(Bloomberg) -- As protests jolt Hong Kong business, organizations from Alibaba Group Holding Ltd. to universities are adapting by going digital, switching to video-conferencing app Zoom to conduct online investor briefings and virtual lectures.Zoom Video Communications Inc. joins a number of internet services that have taken off since the unrest began over the summer, from mobile messenger Telegram to work-at-home apps. In a financial hub that thrives on face-to-face deal-making and power lunches, Zoom helps fill a void created by transport disruptions and concerns about personal safety.Hong Kong’s business community leans on the app’s features, which include slide-sharing and support for up to 1,000 call participants, to carry on cross-border communications and with mainland China, where WhatsApp, Telegram and Google alternatives are banned. There’s a local version of Zoom that’s compatible, which is why the app’s downloads in Hong Kong soared 460% in November, after an escalation in protest violence first triggered a spike in September, according to researcher Sensor Tower.Read more: Zoom’s Eric Yuan, the CEO Who Made Videoconferencing Bearable“As schools continue to be in lock-down mode, we’ve had to move our lectures online to minimize disruption,” said Cheung Siu Wai, a professor at Hong Kong Baptist University, adding Skype has been another option.Now valued at $19 billion, Zoom’s shares have almost doubled since listing on the Nasdaq this year. It’s unclear how the spike in downloads may translate into revenue growth for Zoom, founded by Chinese emigrant Eric Yuan, who now resides in California.The company has various pricing tiers and recently added HSBC to a roster of paying clients that includes Uber Technologies Inc. and Zendesk Inc., underpinning 85% growth in revenue to $167 million in the October quarter. Representatives for the company, which is backed by investors including Salesforce.com Inc., Tiger Global and Qualcomm Inc., declined to comment on how the Hong Kong protests have affected its business.”With the periodic traffic disruptions, our colleagues have no choice but to use video-conferencing apps,” said Derek Chan, co-founder of Master Concept, a Hong Kong-based cloud service provider.To contact the reporters on this story: Carol Zhong in Hong Kong at email@example.com;Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The report comes as the ride-sharing company faces increased scrutiny over the safety of riders — and drivers — who use the app.
Gig economy companies are finally starting to take more responsibility for the safety of their customers, campaigners say, after drastic moves from Uber and Airbnb this week. The figures shocked some observers, but the increased transparency won Uber praise from campaigners against sexual assault. “Sexual assault is vastly under-reported, and this is a groundbreaking step in raising awareness and encouraging survivors to share their stories,” said the National Network to End Domestic Violence, a US campaign group.
Investing.com -- U.S. stock futures drifted higher early Friday in New York, consolidating overnight gains made after China said it would waive import tariffs on U.S. pork and soybeans.