Uber is looking beyond major cities for growth amid a jump in its membership program. The ride hailing/delivery company released quarterly earnings Thursday (Oct. 31) showing that its Uber One program now has more than 25 million members, a 70% increase year over year. In addition, the...
Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That’s according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19 billion travel booking website would mark Uber’s largest acquisition ever. Sources told the FT that...
Instacart appointed former Uber executive Anirban Kundu as its new chief technology officer. In his new role, Kundu will lead Instacart’s technical team “as we further expand our position as the grocery industry’s leading technology company,” Instacart said in a Wednesday (Oct. 16) blog post....
Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed...
October 14, 2024
Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed slight losses. Within the banking pantheon, JPMorgan’s stock rallied 5.2%. […]
May 08, 2024
Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged. The rest of the poem is about the woods,...
February 22, 2024
As on-demand delivery aggregators look to automation to reduce labor costs, Uber sees the opportunity to roll out autonomous sidewalk robots in dense cities worldwide — but only for certain...
February 19, 2024
The end of earning season is in sight — the last slew of reports will appear through the next few weeks. And headed into the long President’s Day weekend, the...
November 04, 2024
Ride-hailing giant Uber Technologies is suggesting a pay cut for its drivers in New York City, citing lower gas prices, as it tries to lower the price of rides in one of its biggest markets. According to a Monday (Nov. 4) report from Bloomberg, Uber wants the city’s Taxi and Limousine Commission — which is […]
October 31, 2024
Uber is looking beyond major cities for growth amid a jump in its membership program. The ride hailing/delivery company released quarterly earnings Thursday (Oct. 31) showing that its Uber One program now...
October 17, 2024
Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That’s according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19...
October 16, 2024
Instacart appointed former Uber executive Anirban Kundu as its new chief technology officer. In his new role, Kundu will lead Instacart’s technical team “as we further expand our position as...
