27.48 +1.49 (5.73%)
Pre-market: 6:28AM EDT
|Bid||27.05 x 800|
|Ask||27.48 x 1300|
|Day's range||23.93 - 26.09|
|52-week range||13.71 - 47.08|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||27-May-2020 - 31-May-2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||40.94|
The pressure is growing across the globe to go green, and one ambitious ride-sharing service has risen up to the challenge in a big way
Beginning on Monday, drivers can find job listings of other companies in a new section of their app, Uber said in a blog post. Uber also said it would reach out to the more than 240,000 of its registered drivers holding commercial licenses to connect them to logistics companies for employment and contract opportunities. Uber Chief Executive Officer Dara Khosrowshahi said in a statement the company will keep expanding economic opportunities in coming months by using technology to create fast and flexible access to work.
Uber has started listing regular job openings at other companies in its app, including at 7-Eleven, Amazon and McDonald’s, as it tries to help drivers who have suffered a sharp drop in demand. The company also said its more than 240,000 drivers who hold a commercial license would be paired with logistics companies, such as those who offer long-haul freight, for other employment opportunities. From Monday, US-based users of the Uber Driver app will see a new Work Hub section listing other ways of making money.
Saudi Arabia’s Public Investment Fund has built an 8.2 per cent stake in struggling cruise operator Carnival, marking the Gulf fund’s latest high-profile direct investment after previous bets on companies such as Tesla and Uber. The PIF’s position amounts to a $430m stake based on the US-traded company’s share price, which rose 23 per cent on Monday, but is still down by almost 80 per cent this year. The PIF, which is used by Crown Prince Mohammed bin Salman to advance and diversify Saudi Arabia’s economic interests, revealed that it owned 43.5m shares in a regulatory filing signed by its head, Yasir al-Rumayyan, who is a close ally of the prince.
The novel coronavirus has capsized the lives of freelancers and self-employed workers who are trying to find financial stability.
Uber senior vice president of global rides and platform operations, Andrew Macdonald, said on Twitter that the company had received an initial batch of 30,000 bottles of cleaning spray by Atlanta-based company Zep Inc. Previously, Uber said suppliers had prioritized orders for healthcare, with its own orders being moved down the queue several times. Lyft Inc last week said it had distributed many supplies to drivers while its hubs were still open and was working a way to distribute them now, but declined to provide additional details.
Sen. Elizabeth Warren is urging the CEOs of Uber, DoorDash, Grubhub and Instacart to reclassify their workers as employees -- and pay them more during the coronavirus pandemic.
The auto industry is reeling amid the coronavirus. TPG Global senior advisors and former Ford CEO Mark Fields chats with Yahoo Finance.
Uber Eats and Delivery Hero are expanding from providing restaurant meals into supplying groceries to customers stuck at home during lockdowns triggered by the coronavirus crisis. Uber Eats said on Wednesday it is teaming up with French supermarket group Carrefour for a new delivery service aimed at helping Parisians buy essential goods and food, and also has similar plans in Spain and Brazil. Berlin-based online marketplace Delivery Hero has also made changes to its operations spanning more than 40 countries to help get groceries to customers.
Uber’s Eats unit is accelerating its push into grocery delivery, striking new alliances with retailers including French supermarket Carrefour, as it looks to offset the decline in its ride-hailing business because of the coronavirus lockdown. The San Francisco-based company is this week launching rapid deliveries of food, toiletries and cleaning products in a wide range of locations around the world, from Brazil to France. Traditional supermarket delivery services have become overwhelmed in recent weeks by panic buying, forcing customers to schedule orders several weeks in advance.
Ride-hailing companies like Uber (UBER) and Lyft (LYFT) and Via are seeing steep declines in ridership as populations around the world stay home to contain the novel coronavirus, or COVID-19.
As grocery outlets and retailers across the country ramp up employment to keep up with demand during the coronavirus outbreak, they’re also facing growing backlash from workers who say their lives are being put at risk.
The use of video conferencing services like Zoom and Skype has seen a boom as of late as more look for easier ways to work and communicate remotely. Linguistics tech company Jeenie is looking to offer that same solution for those needing interpretation services.
In New York City, there are not too many words a parent of a teenage boy fears more than, “No basketball”. The federal government will end up shouldering the cost of unemployment insurance for these contract labourers, because companies such as Uber have successfully avoided having to admit that they are, indeed, real employees who should receive real benefits during normal times.
A nationwide lockdown, government warnings to avoid supermarkets, and overloaded online grocery services sounded like perfect ingredients for a boom in restaurant delivery apps such as Uber Eats, Just Eat and Deliveroo. The hit to online revenues is a further blow to Britain’s struggling restaurant sector and will put extra pressure on Deliveroo in particular.
Washington has answered the increasingly desperate pleas of gig economy executives by agreeing to include hard-up workers among the beneficiaries of the $2tn stimulus bill passed by the Senate on Wednesday. If, as expected, the bill is passed by the House of Representatives on Friday, and signed into law by US President Donald Trump, it will mean rideshare drivers, as well as Airbnb hosts, stand to receive unemployment compensation for the first time. “It is getting more and more difficult for Uber and other gig companies to continue the farce that their workers are not employees,” said Shannon Liss-Riordan, a prominent employment rights lawyer.
Uber and Lyft may have paved the way for ride-sharing applications, but one small Canadian company is looking to take your commute to the next level
Uber Eats is seeing a surge in restaurants sign-ups amid lockdowns across cities and states in the U.S.
Many Uber and Lyft drivers depend on the companies, but under U.S. labor law they do not have the protections granted to regular employees. Under pressure to ease the plight of its roughly 1.3 million U.S. drivers and food delivery workers, Uber has seized on the crisis to advance its campaign for a larger overhaul of U.S. employment law to permit it to offer more benefits while maintaining workers' contractor status, changes it has requested from state and federal lawmakers for several years. Uber Chief Executive Dara Khosrowshahi on Monday urged U.S. legislators to use the current crisis as an opportunity to implement changes to existing employment law by creating what the company calls a "third way" in between employment and contractor status.
MENLO PARK, Calif. and TEL AVIV, Israel , March 25, 2020 -- via NetworkWire – Fort Ross Ventures, a venture-capital firm focused on startups in the U.S., Israel, and Eastern.
Only a few weeks ago French supermarkets were packed with shoppers stocking up. Shelves were stripped bare. But now France is on lockdown and access to stores is restricted. That leaves many people struggling to fill their store cupboards. Especially those strictly self-isolating with coronavirus symptoms. Now Europe's biggest retailer is trying to help. Carrefour is teaming up with Uber Eats to deliver essentials in the French capital from April 6. Users will choose a store and place orders by phone. They should then get their delivery within half an hour. Uber Eats will waive all fees until the end of the month. It's hoped the service will later roll out nationwide. Other delivery companies are making efforts too. In France Deliveroo is supplying staples from some Franprix stores. In the UK it's delivering essentials to those self-isolating. And it's teamed up with smaller Marks & Spencer's stores located in petrol stations. After years of criticism over working conditions, delivery firms perhaps relish the chance for some better PR.