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Uber pulls the plug, shuts down all operations across Pakistan

In the face of strong competition from local rivals, the international ride-hailing giant Uber has officially halted its operations in Pakistan. This decision follows its withdrawal from several major cities in 2022.  "Our subsidiary brand, Careem, will continue operations offering ride-hailing services across Pakistan," the spokesperson said, reported Press Trust of India. Back in 2019, Uber purchased its competitor Careem for a sum of USD 3.1 billion. Both companies said they would ...
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4,190 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Fernwood Investment Management LLC

Fernwood Investment Management LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,190 shares of the ride-sharing company’s stock, valued at approximately $255,000. A number […]
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Fernwood Investment Management LLC Invests $255,000 in Uber Technologies, Inc. (NYSE:UBER)

Fernwood Investment Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,190 shares of the ride-sharing company’s stock, valued at approximately $255,000. A number of other hedge funds and other institutional investors have also recently bought and sold shares of […]
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