Uber stock jumps 9% after $53.7 billion bookings beat: is UBER entering its strongest growth phase again?UBER stock surged roughly 9% in premarket trading after the company reported first-quarter 2026 results that beat Wall Street on the metric...
06 May, 2026, 06.04 PM IST
Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
23 Apr, 2026, 10.46 PM IST
Uber to invest up to $1.25 billion in Rivian as part of robotaxi dealUber is investing heavily in electric vehicle maker Rivian. The deal will see 10,000 self-driving Rivian R2 SUVs deployed as robotaxis star...
19 Mar, 2026, 11.24 PM IST
This tech stock looks cheap, and billionaire Bill Ackman has doubled down on it, accumulating over 30 million shares; here's why he is gung-ho about itBillionaire Bill Ackman has made huge bets in favour of Uber, specifically predicting huge growth potential in ride-sharing, food delivery,...
12 Feb, 2025, 09.49 PM IST
Uber hits record high after unveiling first-ever $7-billion share buybackInvestors cheered the plans, with shares rising 12%, on the same day that thousands of drivers for Uber, rival Lyft and food delivery app D...
14 Feb, 2024, 10.48 PM IST
Uber unveils maiden $7 billion share buyback after first profitable yearOver the next three years the ride-hailing firm expects gross bookings growth in the mid to high teens percentage and adjusted core profit ...
14 Feb, 2024, 08.06 PM IST
Stellantis and Uber join forces on electric vehicles market in FranceThe companies said in a joint presentation on Tuesday that Free2Move would help Uber in Uber's plans to convert 50% of its fleet of vehicle...
27 Sep, 2022, 03.25 PM IST
Lyft posts record quarter, sees operating profit of $1 billion in 2024"We had the majority of new drivers come in organically ... There is a tailwind as more and more people are enjoying this supplemental inco...
05 Aug, 2022, 08.29 AM IST
Uber turns cash flow positive for the first timeGrowth at its delivery business was slowing but Uber expected ordering in to become the standard for consumers as it continues to add new p...
02 Aug, 2022, 05.18 PM IST
Uber turns cash flow positive for the first timeUber reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on ...
02 Aug, 2022, 05.07 PM IST
Uber to cut costs, focus on unit economics, CEO Dara Khosrowshahi tells staffUber will cut marketing and incentive spending and treat hiring as a "privilege" to meet the shift in economic attitude, Khosrowshahi said.
09 May, 2022, 02.27 PM IST
Vision Fund IPO is a high-priced game of hot potatoCash flow is the name of the game, and if Masayoshi Son can keep finding new avenues for investors to give him money, then that cash will k...
13 May, 2019, 09.11 AM IST
We still don’t know whether Uber is a real businessUber Technologies Inc. has burned through more than $1 billion in cash in the last year, by design, and continues to fund itself with the h...
16 Aug, 2018, 09.48 AM IST
Before IPO, Uber calls lenders for $1.25 billion loanThe company is seeking a $1.25 billion loan and its new Chief Executive Officer Dara Khosrowshahi was there flanked by other senior managem...
10 Mar, 2018, 10.54 AM IST
Rookie financial mistakes by startupsFor every startup that succeeds, there are many hundreds and thousands that fail despite being highly innovative and well-funded.
23 Jul, 2016, 12.38 PM IST
Tata Fund invests $100 million in UberThe fund invested $75 million-$100 million in the global cab aggregator, according to sources, which marks its first deal outside India.
20 Aug, 2015, 04.00 AM IST
Tata Opportunities Fund picks up stake in Uber, makes first investment outside IndiaThe funding will be used by Uber to globally invest across all markets and to experiment with new innovations. TOF will not be taking a boa...
19 Aug, 2015, 05.36 PM IST