Headquartered in San Francisco, CA Fiscal year ends December NYSE: UBER uber.com
Uber Technologies, Inc. operates a global technology platform connecting consumers with ride services, food and goods delivery, and freight logistics. The company's Mobility segment facilitates on-demand rides through its app, connecting riders with independent drivers across numerous countries. The Delivery segment enables consumers to order food and other goods from merchants, fulfilled by independent couriers. The Freight segment connects shippers with carriers to facilitate logistics transactions. With over 208 million monthly active platform consumers and 3.9 billion quarterly trips, Uber's platform generates approximately $58 billion in quarterly Gross Bookings. The company is also investing in building a platform for autonomous vehicles at global scale. Updated
Uber closed at $65.78, a fresh 52-week low that takes out the July 24 floor by 0.24%. A full year of selling has left the ride-hailing giant at a $134.4 billion market cap, roughly a third below where it traded last October.
Two companies now clear more than $200 billion in annual food orders between them, a duopoly scale that turns every point of share shift into real money for Uber and DoorDash holders.
Uber Eats v. DoorDash The leading food delivery providers now process more than $200B in combined annual orders. $UBER $DASH https://t.co/4OGdZauc0e
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
Chips own the board today: Nvidia drew 1,772 comments with traders leaning bullish, while Micron is pulling nearly as much attention and souring fast. Uber is the odd one out, heating up quickly outside the AI trade.
Source: RedditA line that assembles modules in parallel and halves floor space is Tesla's answer to the robotaxi cost question, and cheap fleet units are what pressure Uber and Lyft economics.
We redesigned Cybercab production for production over 5 times faster than conventional automotive manufacturing! https://t.co/OUpLMI7XoG [Quoted @robotaxi]: Our unboxed process for Cybercab assembles vehicle modules in parallel & frames the car in one step at the end. This streamlines automation & reduces the line size by half, unlocking much greater production capacity. The first real revolution in automotive manufacturing in over https://t.co/AbOCFCKM9D
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Uber slid while big tech climbed, and its closest rivals fell even harder, which turns a rough month into a question about whether the pressure comes from Uber itself or something bigger…
Uber Technologies, Inc. operates a global technology platform connecting consumers with ride services, food and goods delivery, and freight logistics. The company's Mobility segment facilitates on-demand rides through its app, connecting riders with independent drivers across numerous countries.
24/7 Wall St.'s 12-month price target for UBER is $104.97, rated Buy. The Wall Street consensus target is $100.86. UBER price prediction →
