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Uber

It Sure Looks Like Wall Street Insiders Are Bracing for a Stock Market Plunge

June 1, 2020 UTC: 7:00 PM.
stock market

May was a big month for insider selling, suggesting that those in the C-suite are preparing for an upcoming stock market correction.

Categories Markets News & Opinions, Markets Opinion Tags Moderna, Uber

Is Uber Using the Coronavirus to Ditch the Idling Ride-Hailing Business?

May 18, 2020 UTC: 6:32 PM.
Uber

The coronavirus pandemic reshaped Uber’s business. Some changes are irreversible and could soon make the ride-hailing firm unrecognizable.

Categories Business News & Opinions, Business Opinion Tags Dara Khosrowshahi, Uber

Coronavirus Has Exposed New Uber CEO for Who He Really Is: Travis Kalanick 2.0

May 16, 2020 UTC: 3:30 PM.
Uber Ceo Khosrowshahi

Three years after Travis Kalanick left Uber and dumped his stake in the company, it is hard to tell he’s no longer in charge.

Categories Business News & Opinions, Business Opinion Tags Dara Khosrowshahi, Travis Kalanick, Uber

Razor Thin Food Delivery Profits Will Test Grubhub Stock

May 14, 2020 UTC: 6:12 PM.
Grubhub, United States

Grubhub stock is hot because of stay-at-home orders and possible Uber Eats merger, but a lack of profitability doesn’t justify valuations.

Categories Business News & Opinions, Business Opinion Tags Grubhub, S&P 500, Uber

Uber Eats Grubhub: The Cash-Burn Duo Making a Recipe for Disaster

May 12, 2020 UTC: 5:11 PM.
Grubhub, Uber

Uber is trying to buy Grubhub (NYSE: GRUB) in an effort to corner one of the crowded and costly markets on the planet.

Categories Markets News & Opinions, Markets Opinion Tags Grubhub, Uber

Why Uber Splurged on a $170 Million Investment as It Laid-off Thousands

May 10, 2020 UTC: 6:30 PM.
Uber

Uber led a $170 million investment round in micro-mobility firm Lime just hours after announcing it was laying off 3,700 employees.

Categories Markets News & Opinions, Markets Opinion Tags Lime, Lyft, Uber

The Ugly Truth About Uber’s Blood-Sucking Coronavirus Bailout Plea

March 26, 2020 UTC: 3:18 PM.
Uber coronavirus bailout

Uber is begging Congress to bail out rideshare drivers. But given Uber’s history, this lobbying effort is anything but noble.

Categories Business News & Opinions, Business Opinion Tags Coronavirus, Dara Khosrowshahi, Uber

Coronavirus Pandemic Exposes the Gig Economy for the Flawed Industry That It Is

March 21, 2020 UTC: 10:00 PM.
Uber Eats delivery

Gig workers get a raw deal at the best of times. During the coronavirus pandemic, they’re suffering even more than usual. Will they get help?

Categories Business News & Opinions, Business Opinion Tags Coronavirus, Gig economy, Lyft, Uber

Uber Risks Becoming Another WeWork Disaster Unless It Abandons Reckless Strategy

February 19, 2020 UTC: 8:36 PM.
Uber, Uber stock

The growth-at-all-costs strategy adopted by ride-hailing firm Uber has been a disaster. Unless it is abandoned, it will be another WeWork.

Categories Business News & Opinions, Business Opinion Tags Dara Khosrowshahi, Travis Kalanick, Uber

Why Uber Stock’s Earnings Fluke Shouldn’t Fool You

February 7, 2020 UTC: 12:44 PM.
uber stock, fourth quarter earnings

Uber stock is rallying after a better than expected fourth quarter. Here is why the stock will soon fall back to earth.

Categories Business News & Opinions, Business Opinion Tags Uber
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