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Uber Technologies, Inc. (UBER) shares information

Uber is a global ride-hailing company with over 700 cities covered, mainly in the US, UK and Europe.

Uber Technologies Inc


24h Change

1.45 %

UBER

Live rate: Market closed

Stock data per Friday 2 Dec, 2022

UBER
NEW YORK STOCK EXCHANGE INC.
28.34
27.6
28.75
0.41 (+ 1.45%)
US Market is closed

Live Stock price in graph for Uber Technologies Inc (UBER)

  • Latest Volume

    15,980,529 (-11.55 %)

  • Volume prev. day

    18,066,596

  • Avg. daily volume

    21,311,594

  • Market cap

    53,501,048,736

  • P/E ratio

    -6.32

  • Today high

    28.78 USD

  • Today low

    27.19 USD

  • 52 week high

    45.9 USD

  • 52 week low

    19.9 USD

  • YTD Change

    n/a

About Uber Technologies Inc

Uber shares went live on the stock market since beginning of May 2019. Short Selling are worries about the current valuation if the ride sharing numbers goes down significantly in 2020. However, there are still many countries where Uber are still not available and might have a great upside.- Uber didn't manage to merge with Grubhub due to an antitrust investigation. Sometimes, “big” can be a problem.

Website: https://www.uber.com
Twitter: @Uber
Instagram: @uber

Potential risks to be aware of with this company/stock

– The quarterly reports for Uber will be watched closely by analysts, since ride-sharing gone down drastically in many countries around the world and many even changed their behaviour following Covid-19. Today, many are rather driving their own car, walking, cycling or taking motorbike to get around due to the increased infection risks Uber drivers been having.

– Might be forced to treat drivers as employees instead of independent contractors, which could add extra costs to the business, while making it less flexible.

– Uber's surge pricing during busy times made many customers either stop using it, since normal taxi is cheaper in many countries, or start to get very negative towards Uber.

– Sexual harassment from Uber drivers created #deleteuber campaign and many female passengers got worried to ride with the company.

– Self-driving cars could both be an opportunity and high risk for Uber, according to the company themselves.

– Pick-ups and drop-offs at airports are getting harder and costlier, making some customers opting for other transport modes.+ Still not available in many countries with monopoly.

– Several Uber executives are selling shares in the company.

– Do UBER still own Uber Eats? Yes, they do, except in some countries such as India sold the local, Indian Uber Eats to Zomato a privately hold company. Uber Technologies Inc received a 9.9% stake in Zomato when they sold the Indian Uber Eats in January 2020.

– Uber rides cannot go in taxi lanes in most countries, which add extra time to your journey when there is traffic, compared to going with a real taxi driver.

– Many competing apps such as Gett in the UK, Israel and Russia are usually quicker (since allowed in taxi lanes).

– Lots of alternative app based ride sharing sites are cheaper, such as Didi in China and Mexico, Ola Cabs in India and Kapten in Portugal and France are way cheaper.

Potential upsides beneficial to the company/stock

+ Uber done a great job informing clients about Coronavirus.

+ Excellent brand name, easy to remember.

+ Still don't have many of the top-end restaurants on Uber eat.

+ Lots of potential for Uber bicycles in more cities.

+ Uber Chopper can also roll out in many more locations with time, including London, Stockholm and Barcelona.

+ Cashless rides are simple and convenient. You never give any cash to the drivers. Just order from the app.

+ The app might be the biggest assets of the company, apart from the memorable name.

Quick links

 

Latest news about Uber Technologies Inc

Below you can find the most recent news posts about Uber Technologies Inc, primarily from US and UK based news sources.

Forget DoorDash and Uber. Walmart and Kroger Are Now the Innovators in Food Delivery.

Saturday, 3 December 2022, 12:00:00
The companies are looking to take greater control of their delivery services, while Amazon waits in the wings.
— Barron”s


It’s not just Elon Musk. Tech CEOs everywhere are quietly asking their employees to step it up or risk getting fired.

Saturday, 3 December 2022, 11:15:00
Tech CEOs are turning up the heat, even if it”s not as blatantly “hardcore” as Elon Musk”s verbiage. Major tech CEOs have been asking employees to step up throughout this year”s stingier economy. Employees at Google, Amazon and others have all been asked to work harder or risk their jobs. Elon Musk has been cranking up the intensity at Twitter since taking over. Per Musk, there”s a new “extremely hardcore” vision, “dense and intense” office structure, and an “arduous” road ahead — and employees need to be on board or leave the building. Although other tech CEOs have not issued edicts as aggressive as Musk”s, this year”s economic downturn prompted leaders across the tech industry to tell workers they”ll need to work harder, albeit couched in more diplomatic language. If their language wasn”t as belligerent as Elon”s, the message was still similar: people would be expected to step up or find somewhere else to work. At Meta, ”there are probably a bunch of people at the company who shouldn”t be her” Facebook CEO Mark Zuckerberg told staff in early July that he would dial up the intensity of employee performance goals. “Realistically, there are probably a bunch of people at the company who shouldn”t be here,” Zuckerberg reportedly said . “And part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might just say that this place isn”t for you.
— Business Insider Nederlands


Uber to end contracts of drivers who have cancellation rates

Saturday, 3 December 2022, 04:14:06
Uber will cancel the contracts of drivers who maintain high cancellation rates. The changes will be implemented on Monday.
— The Daily Telegraph


”Cancel culture”: Uber to penalise drivers with high cancellation rates

Friday, 2 December 2022, 22:07:21
Uber is threatening to boot drivers with high cancellation rates, with some topping 65 per cent, and from Monday those who knock-back more than a quarter of trips will no longer be eligible for incentives.
— Australian Broadcasting Corporation


Uber CEO says no job cuts despite competitor moves

Friday, 2 December 2022, 21:34:01
Uber CEO Dara Khosrowshahi said on Thursday that he does not anticipate job cuts at the ride-hailing and food delivery company, even as his competitors have announced layoffs in recent weeks. “No, we’re in a good place,” Khosrowshahi told Bloomberg News in response to a question about potential cuts. Fellow ride-hailing service Lyft announced in early November…
— The Hill


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