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Uber Technologies, Inc. - UBER STOCK NEWS

Welcome to our dedicated page for Uber Technologies news (Ticker: UBER), a resource for investors and traders seeking the latest updates and insights on Uber Technologies stock.

Uber Technologies, Inc. (NYSE: UBER) is a global technology company headquartered in San Francisco. Primarily known for its ride-hailing services, Uber connects riders with drivers through its intuitive mobile app. With operations in over 63 countries and serving 150 million users monthly, Uber has significantly impacted how people move in urban settings.

Apart from taxi services, Uber's technology platform extends to food delivery through Uber Eats, which matches hungry customers with local restaurants. As part of its expansive vision, Uber is also pioneering autonomous vehicles, drone deliveries, and Uber Elevate for aerial ride-sharing, pushing the boundaries of conventional transportation.

Uber's recent strategic moves include a partnership with Lightspeed Commerce Inc., integrating Uber Eats and Uber Direct into the Lightspeed platform to enhance delivery options for merchants. Additionally, Uber's investment in Serve Robotics Inc., a company specializing in AI-powered delivery robots, showcases its commitment to innovative delivery solutions.

Financially, Uber has shown resilience and adaptability, consistently working towards diversifying its services and collaborations. These efforts position it as a pivotal player in the evolving landscape of smart transportation and delivery systems.

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Motional and Uber Technologies Inc (NYSE: UBER) have partnered to launch autonomous deliveries starting in early 2022 in Santa Monica. Utilizing Motional's all-electric Hyundai IONIQ 5-based robotaxi, the collaboration will initiate meal kit deliveries via Uber Eats. This venture marks Motional's entry into autonomous delivery and Uber's first partnership with a driverless vehicle provider. Both companies aim to enhance customer experience in delivery services by leveraging autonomous technology. The partnership signifies a pivotal moment for both companies in the evolving delivery market.

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On December 14, 2021, CLEAR (NYSE: YOU) announced a partnership with Uber (NYSE: UBER) to enhance the travel experience through the integration of Uber's ride service into CLEAR's app. This collaboration aims to provide travelers with real-time data on when to leave for flights, improving the 'Home to Gate' feature by allowing users to reserve Uber rides directly. With travel surging during the holiday season, this initiative seeks to reduce stress and streamline airport travel. CLEAR currently boasts over 8 million members and is recognized for its secure identity solutions.

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On December 13, 2021, Uber Technologies announced its first-ever food delivery to outer space via Uber Eats. The milestone delivery took place on December 11, 2021, as Japanese entrepreneur Yusaku Maezawa hand-delivered Japanese meals to astronauts aboard the International Space Station, marking a significant expansion of the delivery service's capabilities.

To celebrate this achievement, Uber Eats is offering $10 off orders over $20 for the first 24,800 customers using the promo code SPACEFOOD from December 13-19, 2021.

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Uber has launched the Path to Safety Fund, in partnership with Canary and FreeFrom, to assist drivers and delivery workers affected by domestic violence. The initiative aims to provide financial support to those experiencing hardship due to such violence, with applications kept anonymous. The fund addresses urgent needs, including housing and food. This program follows a significant rise in women using the Uber platform. Uber's ongoing commitment to combat gender-based violence has also included over 50,000 free rides to safe spaces during the pandemic.

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On December 7, 2021, Uber Technologies announced the launch of its seasonal Holiday hub on the Uber Eats platform, enhancing delivery options for customers during the holiday season. This hub will feature items such as Christmas trees and wreaths through an exclusive partnership with Proper Companies, available in cities like Los Angeles and New York City. From December 1-31, customers can enjoy $20 off orders of $60 or more from selected merchants. This initiative aims to empower on-demand commerce while providing customers easier access to seasonal essentials.

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Serve Robotics announced a successful closing of a $13 million seed funding round with strategic backing from Uber Technologies and others. This investment will be directed towards scaling operations, expanding its fleet, and enhancing product development for its autonomous delivery robots. Since its inception, Serve has pushed for sustainable delivery solutions, completing thousands of contactless deliveries across major U.S. cities. With this funding, Serve Robotics aims to solidify its leadership in the autonomous delivery market.

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Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi will participate in a fireside chat hosted by UBS on Tuesday, December 14, 2021, at 7:00 AM PT (10:00 AM ET). A live webcast will be available on the Uber investor relations website. Uber, founded in 2010, aims to provide opportunities through movement, having facilitated over 25 billion trips since inception. The platform continues to innovate in how people and things move in urban environments.

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Hims & Hers Health has launched its largest on-demand delivery partnership with Uber Technologies, allowing customers to order personal care products via the Uber Eats app in 12 major U.S. cities, including Los Angeles and Miami. This initiative is expected to enhance accessibility to various health and wellness products, including sexual wellness and skincare items. The partnership is described as a game-changer by Hims & Hers COO Melissa Baird, aiming for further expansions in the future.

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Uber Canada has partnered with Tokyo Smoke to launch an innovative online ordering system for cannabis in Ontario. Through the Uber Eats app, consumers can now easily order Tokyo Smoke's cannabis products and pick them up at physical stores. This initiative is a first for a delivery network company, aiming to enhance convenience and safety in cannabis purchasing. Orders are fulfilled within an hour, and protocols ensure compliance with age regulations. This collaboration is expected to combat the illegal market and improve road safety among cannabis consumers.

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FAQ

What is the current stock price of Uber Technologies (UBER)?

The current stock price of Uber Technologies (UBER) is $61.56 as of December 26, 2024.

What is the market cap of Uber Technologies (UBER)?

The market cap of Uber Technologies (UBER) is approximately 129.5B.

What is Uber Technologies, Inc. known for?

Uber Technologies, Inc. is best known for its ride-hailing services, connecting riders with drivers via a mobile app.

How many countries does Uber operate in?

Uber operates in over 63 countries worldwide.

What other services does Uber provide besides ride-hailing?

Besides ride-hailing, Uber offers food delivery through Uber Eats and is developing technologies for autonomous vehicles, drone deliveries, and aerial ride-sharing.

How many users does Uber have?

Uber has over 150 million monthly active users.

Where is Uber Technologies headquartered?

Uber Technologies is headquartered in San Francisco, California.

What is Uber Eats?

Uber Eats is a food delivery service that connects hungry customers with local restaurants.

What is Uber Elevate?

Uber Elevate is an initiative by Uber to provide aerial ride-sharing services.

What are some of Uber's recent strategic partnerships?

Uber has recently partnered with Lightspeed Commerce Inc. to integrate Uber Eats and Uber Direct into Lightspeed's platform.

What is Serve Robotics Inc.?

Serve Robotics Inc. is a company specializing in AI-powered, low-emissions delivery robots and is a strategic partner of Uber.

What are Uber's future technological aspirations?

Uber aspires to enhance its platform with autonomous vehicles, drone deliveries, and aerial ride-sharing services.

Uber Technologies, Inc.

NYSE:UBER

UBER Rankings

UBER Stock Data

129.52B
2.10B
0.18%
83.78%
2.76%
Software - Application
Services-business Services, Nec
Link
United States of America
SAN FRANCISCO