May was a big month for insider selling, suggesting that those in the C-suite are preparing for an upcoming stock market correction.
The coronavirus pandemic reshaped Uber’s business. Some changes are irreversible and could soon make the ride-hailing firm unrecognizable.
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.
Grubhub stock is hot because of stay-at-home orders and possible Uber Eats merger, but a lack of profitability doesn’t justify valuations.
Uber is trying to buy Grubhub (NYSE: GRUB) in an effort to corner one of the crowded and costly markets on the planet.
Uber led a $170 million investment round in micro-mobility firm Lime just hours after announcing it was laying off 3,700 employees.
Uber is begging Congress to bail out rideshare drivers. But given Uber’s history, this lobbying effort is anything but noble.
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?
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.
Uber stock is rallying after a better than expected fourth quarter. Here is why the stock will soon fall back to earth.
First it was Travis Kalanick. Now Garrett Camp has sold or given away 33% of his stake in Uber. Is he planning to exit like his co-founder?
Goldman Sachs, an early Uber investor, has seen a large profit for dumping its entire stake in Uber in late 2019.
In what is bound to raise eyebrows about his future plans, co-founder Travis Kalanick has sold a massive chunk of his stake in Uber.
Travis Kalanick has now disposed of more than 42 million Uber shares held directly. The ride-hailing pioneer’s newest venture is in the food delivery sector.
Uber’s current CEO Dara Khosrowshahi is on the buy-back train while its founder Travis Kalanick continues to sell his stake, making nearly $1 billion in the process.
Travis Kalanick now has fewer Uber shares than his fellow co-founder, Garrett Camp. Camp is expected to launch his Eco cryptocurrency beginning mid next year.
Uber co-founder’s newest startup received $400 million from Saudia Arabia’s PIF 11 months ago. PIF’s investment in Uber is over $1 billion in the red
PayPal got in late having bought over 10 million shares of Uber at $45 Some analysts are expecting a ‘horror show’ after the stock lock-up
Uber posted a loss of over a billion dollars in the third quarter. The expiry of the employee lock-up period is just hours away fueling
This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though,
Uber has entered the financial services industry with Uber Money. The new service helps drivers and couriers get their earnings after each ride. Uber Money
A controversial new bill targeting ridesharing companies goes into effect in January 2020 in California. The bill brings benefits for drivers classified as ‘contractors’ by
Uber Technologies’ (NYSE:UBER) fifth largest shareholder, the sovereign wealth fund of Saudi Arabia, has now lost over a billion dollars by investing in the ride
The stock market is juggling a trio of issues comprised of the trade talks, the Fed, and the upcoming third-quarter earnings season. And while it
It’s official. Adam Neumann is no longer at the helm of the workspace startup he founded, WeWork, amid a stalled IPO that has shattered the
The newest stock market unicorn to announce its IPO plans is Airbnb. The short-term rental company, which has exploded in popularity over the past few
Every month, TD Ameritrade puts out a proprietary behavior-based index based on the stock trading behavior of its clients, called the Investor Movement Index, or
Uber may be considering a small personal loan product for its drivers, according to an article at Vox. This should be viewed with immediate skepticism by
The first major regulatory assault on rideshare is about to crash headlong into Lyft and Uber, courtesy of California bill AB5. California Bill AB5 Could
Bradley Tusk, an early investor in Uber Technologies and its first political strategist, believes current management lacks the innovative and intense vision of founder Travis
Mega-unicorn Uber reported earnings, or rather losses, on Thursday that demonstrate why hype doesn’t always work in a company’s favor. Let’s hit the headline numbers
Lyft Chief Financial Officer Brian Roberts claims that losses the company suffered in 2018 were very likely the “peak” with better times around the corner.
Survey and research powerhouse J.D. Power released the results of its Power Mobility Confidence Index, and the news was terrible for self-driving and electric vehicles.
Lyft’s Chief Operating Officer, Jon McNeill, is leaving the company after only 18 months on the job. Lyft stock slid 2.27% on the news. 3
Netflix stock plummeted 11% out of the gate despite posting better-than-expected earnings in Q2. The reason? A colossal miss in subscriber growth, the lifeblood of
In a move that will surely raise a few eyebrows, rideshare behemoth Uber is bolstering its helicopter service. This month, those with the means will
By CCN.com: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment
By CCN.com: The Uber and Lyft IPOs went absolutely nowhere, despite enormous hype and anticipation. Since then, other IPOs from lesser-known companies like Fiverr, CrowdStrike,
By CCN.com: Uber has suffered a defection from the C-Suite, and the timing couldn’t be better. It’s no secret that the ride-sharing company that has
By CCN.com: BITG’s Managing Director Walter Piecyk has attached a bullish buy rating and $80 price target to Uber’s stock. Uber’s quiet period has ended,
By CCN.com: As expected, Uber’s earning report delivered a quarterly loss of $1 billion. Management must be working out how to dupe drivers into generating
By CCN.com: The first earnings report for Uber stock is about to be released, and UBER is expected to have lost over a billion dollars in
By CCN.com: Ridesharing powerhouse Uber Technologies (NYSE: UBER) announced last week that it expects to lose $1 billion in its first-ever quarterly earnings report this
By CCN.com: These days, billionaire hedge fund titan Mike Novogratz is known more for his rabid Bitcoin pumping than his Wall Street wizardry. However, in
By CCN.com: If the founders of Uber were to appear before the panel of Shark Tank reality TV show, they would certainly not get a
By CCN.com: Amazon is willing to pay its employees as much as $10,000 along with three months’ worth of compensation if they quit their jobs
By CCN.com: The Uber stock price continues to freefall today following a historically terrible initial public offering (IPO). Last Friday, Uber held its first day
By CCN.com: Imagine a world where your autonomous vehicle drops you at the office. Instead of driving to the parking lot, it speeds off to
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