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.
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.
Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And More
Saturday, 16 January 2021, 18:04:39
Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included the electric vehicle leader and a recovering retailer. A ride-sharing company and a semiconductor maker were among the bearish calls. As the fourth-quarter earnings reporting season got underway last week, the major U.S. indexes lost a little ground. The Dow Jones industrial average concluded the week down about 1%, and the S&P 500 and Nasdaq retreated a little more. Of course, much of the attention during the week was focused on the political drama in Washington, D.C. The U.S. president became the first ever to be impeached twice , after the prior week's chaos at the U.S. Capitol. Social media pulled the plug on the president and others who fomented the insurrection. The outgoing president also kept up the pressure on China , while the incoming president laid out a huge pandemic and economic recovery program . In corporate news, the U.S. Securities and Exchange Commission opened a probe into a petroleum giant , a semiconductor leader announced management changes, a casino owner and Republican megadonor passed away, and the Detroit Auto Show was canceled.
Insider Selling: Uber Technologies, Inc. (NYSE:UBER) CEO Sells $10,888,000.00 in Stock
Saturday, 16 January 2021, 10:34:50
Uber Technologies, Inc. (NYSE:UBER) CEO Dara Khosrowshahi sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The shares were sold at an average price of $54.44, for a total value of $10,888,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,044,627 shares of […]
— Watchlist News
Uber hides ad featuring left-wing activist charged in Capitol riot
Friday, 15 January 2021, 23:47:57
An Uber ad featuring the left-wing activist John Sullivan, who was arrested on federal charges Thursday in connection with last weeks’ Capitol riot, has been hidden on the ridesharing company’s YouTube channel.
— Fox News
Uber Seeks Investors To Launch Startup For Postmates X Delivery Robot
Friday, 15 January 2021, 23:05:50
Uber is seeking investors so it can launch a separate startup for the robotics division of Postmates, Postmates X, TechCrunch reported on Friday (Jan. 15), citing sources. Temporarily coined Serve Robotics — named for Postmates X’s delivery bot — the autonomous sidewalk robot will likely be the nucleus of the new startup. Uber plans to […]
Lyft and Uber want to take you to your vaccination appointment
Friday, 15 January 2021, 20:55:46
Now that vaccination is finally rolling out, how does everyone get to their vaccination appointment — twice?
— NBC News
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