Page 167 - Uber Technologies News Today

Lyft Inc. and Uber Technologies Inc. may be in the early stages of a price war, and investors in money-losing Lyft especially need to be prepared. Whereas…

While Lyft’s quarterly losses narrowed, its revenue growth was considerably slower than Uber's as it seeks to compete on price.

OMERS Ventures is pulling out of Europe, marking a prominent global departure from the continent as EU technology investing dwindles.

Analysts and investors on Wednesday zeroed in on the fourth quarter, when higher driver-insurance costs are expected to cut into margins.

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 16.7% during the first quarter, Holdings Channel reports. The fund owned 602,585 shares of the ride-sharing company’s stock after acquiring an additional 86,291 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Uber Technologies were worth […]

Assetmark Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.4% in the first quarter, Holdings Channel reports. The institutional investor owned 116,993 shares of the ride-sharing company’s stock after selling 1,611 shares during the period. Assetmark Inc.’s holdings in Uber Technologies were worth $3,709,000 as of its most […]

Ride-hailing service Lyft Inc. on Tuesday reported a surprise second-quarter adjusted profit, helped by summer travel and a return to offices.

Sometimes, regular riders may be shocked by the cost of an Uber ride, but it's not something you'd expect the company's CEO to encounter. But Wired Editor at Large Steven Levy recently took a 2.95-mile Uber ride in New York City to meet Uber Technologies Inc. CEO Dara Khosrowshahi. When Levy asked Khosrowshahi to estimate the ride's cost, he casually put it at $20. Much to everyone's surprise, the price turned out to be $51.69, including a tip for the driver. "Oh, m...

OMERS Ventures is pulling out of Europe, marking a prominent global departure from the continent as EU technology investing dwindles. Read on.

Ride-share company projects better-than-expected outlook for current quarter