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Investor's Business Daily on MSNUber Leads 5 Stocks Near Buy Points As Market Rebounds
Uber UBER is trending toward all-time highs after topping revenue estimates for Q2 results earlier this month and announcing a new $20 billion share buyback program. Sales rose 18% during the quarter, driven by a 17% increase in gross booking value across its ride and food-delivery business. Earnings increased 34% to match estimates.
Nuro, a startup which develops self-driving software for delivery and ride-hailing services, has raised $203 million in its Series E funding round
Here's the math investors need to consider. At a $1 trillion market cap, and assuming a price-to-earnings multiple of 20 to 25 (reasonable for a mature platform business), Uber would need $40 billion to $50 billion in annual net income.
Sheliky Sanchez has been charged with murder in connection with the death of Joseph Andrus, but is not facing charges following his alleged confessions to other murders.
A woman on X went viral after claiming an Uber driver intentionally sabotaged her trip to a sonogram appointment. Alex Turntine (@turntineforwhat) said what started as a stressful but manageable delay quickly escalated into what she described as a “ruined day” that left her in pain and without answers about her health.
For people who want to be picked up by women drivers, they can set their preference by opening the Uber app, open up the 3 horizontal lines in the bottom right of the screen which will open the Trip Planner, tap the preference icon to open your Driving Preferences and select the ‘Women Rider toggle to enable or disable the preference'.
The thousands of trucks zipping along U.S. highways are often only about half full -- something Oway wants to change with its 'ride-share for freight' software.
The Uber driver who got Jeezy to his Baltimore concert delivered a video message to commend the "legend" of a rapper. On Wednesday (Aug. 20), The Recession artist stopped by talk show Today discuss the 20th anniversary of his debut album, Let's Get It: Thug Motivation 101, and his symphonic tour.