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UBER STOCK DROP
Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.- Amazon aims to revolutionize fast delivery with new 30-minute systemAmazon is revealing a new service offering deliveries in 30 minutes or less for an additional charge. This ultrafast delivery, called Amazo...
- Why is the market rising today? Sensex jumps 300 points, Nifty above 24,150; 5 factors behind D-Street reboundIndian stock markets surged on Wednesday, with Sensex and Nifty gaining significantly in early trading. This positive sentiment was driven ...
- Avis stock's roller coaster drags US' big index Dow Jones Transportation Average along for the rideAvis Budget shares experienced a dramatic 70% plunge, following a massive surge, highlighting meme stock exuberance. This volatility signif...
- Why Uber stock is falling today after Uber earnings? Weak profit outlook and higher taxes disappoints investors despite booming ride demandUber stock tumbled after the ride-hailing company issued a weaker-than-expected profit forecast for the first quarter, despite reporting st...
- Why is Uber stock falling today - here’s what’s really driving the dropUber stock fell 3.8% as European rules and taxi protests create pressure. Analysts like Erste Group and Morgan Stanley lowered their outloo...
- Uber Q3 earnings show strong growth but $479 million legal hit cuts profitUber’s latest earnings showed strong growth in rides and revenue but faced a big legal expense that hurt profits. The company still reporte...
- Uber stock drops over 5% as Waymo’s partnership with Lyft fuels investor concernsUber stock faced a dip as Waymo partnered with Lyft for Nashville operations. Lyft's stock saw a surge post-announcement. Investors are con...
- Uber stock skyrockets 7% today - what's driving the move? Know the detailsUber stock skyrockets 7% today after launching self-driving taxis in Atlanta and receiving major analyst upgrades, sparking excitement amon...
- Is Tesla’s robotaxi a long-term threat to Uber’s business model? Wedbush Securities weighs inUber's stock saw a dip after a report highlighted Tesla's robotaxi impact. Wedbush sees Tesla as a long-term threat. Elon Musk shared a rob...
- Uber reports strong Q1 despite revenue miss, forecasts resilient demand with robust gross bookings outlookUber Technologies (UBER) reported a slight miss in Q1 revenue, but its outlook for gross bookings in Q2 exceeded Wall Street expectations, ...
- Amazon to be added to the Dow Jones Industrial Average, replacing Walgreens Boots AllianceThe shift was prompted by Walmart's decision to do a 3-to-1 stock split, which will reduce its stock's weighting in the index. The Dow is a...
- Zomato shares recover after 10% crash amid multiple block dealsAccording to data from BSE, 66.58 crore equity shares of Zomato worth Rs 3,377.23 crore were traded as of 9.35 am. Similarly, 17.96 crore s...
- Tesla stock down 31% since Elon Musk said he’s buying TwitterMicrosoft's market capitalisation is now below $2 trillion as of Monday, for the first time since June 2021, as the stock is down 21% this ...
- Uber makes first operating profit as driver shortage easesThe California-based company reported Ebitda of $8 million for the quarter ended September 30. That compared to a loss on the same basis of...
- Uber cuts losses on food delivery expansion, modest uptick in ride bookingsUber reported $3.17 billion in total revenue in the months from October through December.
- Uber sees slowest recovery of ride business in home U.S. market, deliveries more than doubleUber's third-quarter results come just two days after it scored a significant win in its California home market, where voters passed a comp...
- Uber pilots package delivery service in four cities in IndiaUsers will be prompted to agree to package delivery terms and conditions, and after confirming that the item complies with those terms, use...
- Covid-19: Ola, Uber see rides drop by a thirdBusiness for cab-hailing firms, including Ola and Uber dry up as companies push work-from-home and cut business travel.
- Billionaire Son has $7.7 billion Uber ticket to rideSon opened his checkbook very late in Uber’s life, taking a stake less than 18 months ago and in the final rounds of equity financing.
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