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The Latest Breaking News from Uber

Amid gas woes, NYC ride-hail drivers seek fuel surcharges

With fuel prices approaching $5 a gallon at some New York City gas stations, drivers for Uber and Lyft are calling on the ride-hailing companies to place surcharges on trips to help ease the rising cost of keeping for-hire cars and taxis on the road

The Independent UK

Instacart Cuts Valuation By 40%: Bloomberg

American grocery company Instacart Inc has slashed its valuation by 40% to about $24 billion, Bloomberg reported. The food-delivery startup had been valued at $39 billion in its most recent fundraising round, the report added. The pandemic darling hoped the move to boost talent retention. Factors like higher interest rates, inflation, and a…

Benzinga

Californians find bargain gas prices in Tijuana

TIJUANA, Mexico — Claudia Jessica Villarreal used to fill up her gray Nissan Pathfinder near her home in Chula Vista, California. Then Russia invaded Ukraine and gasoline prices went bonkers.

Los Angeles Times

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How much do rideshare drivers earn? More than you might think.

According to our analysis, drivers between May and August 2021 took home nearly $35 per hour after expenses.

Chicago Sun-Times

After obliterating their livelihood, Uber adds yellow cabs to the app

NYC Uber users can now hail rides from the taxis of old, in a grim gesture by the company that toppled the industry in the first place.

Input

Uber Analyst Says Business Is Booming In March, Despite Spike In Gas Prices

Shares of Uber Technologies Inc (NYSE: UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time.

Benzinga

PreMarket Prep Stock Of The Day: Uber And When 'Enemies Become Friends'

If you were listening to the PreMarket Prep Show live on Thursday, you were treated to instantaneous coverage of breaking news from Uber Technologies (NASDAQ: UBER).

Benzinga

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Uber opens up a space for NYC taxi cabs on its app

Uber has reached a deal to include New York City taxi cabs on its app, a move that will help to boost driver availability for passengers and open up a new set of customers for cab drivers

The Independent UK

Uber makes peace with New York City taxis

The citywide agreement will put yellow taxis on its app

Axios

Why Uber Shares Are Surging

Uber Technologies Inc (NYSE: UBER) shares are trading higher Thursday morning following a Wall Street Journal report indicating the company has reached a deal to list all New York

Benzinga

Uber agrees to list all New York City taxis on its app

Company says it listed 122,000 taxis on its app in 2021 – four times more than in 2020

The Independent UK

Aerial gondola at Dodger Stadium sparks fears of accelerated gentrification in LA neighborhood

LOS ANGELES — With their Chinatown home boxed in by a freeway entrance, apartment buildings, a high school and a major boulevard to downtown Los Angeles, Phyllis and Tany Ling get the full cacophony of urban life from every direction but up.

Los Angeles Times

Home invaders caught Uber from crime scene

Two home invaders, one of whom was armed with a butane gas torch, caught an Uber to and from the Carrum Downs crime scene, a Victorian court has been told.

AAP

Gig workers aren't self-employed – they're modern-day feudal serfs

To understand neo-villeiny, we first need to understand medieval villeiny. The villeins of medieval Europe were a type of serf (a tenant farmer) that were bonded to a landlord they paid rent to, and for whom they carried out additional work.

The Conversation

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Benzinga

EVgo Bags California Energy Commission Grants For Rideshare Electrification

EVgo Inc (NASDAQ:EVGO) has been selected for proposed awards for two California Energy Commission (CEC) Charging Access for Reliable On-Demand Transportation Services (CARTS) grants. The proposed grant amounts to over $3.6 million. The proposed awarding of two CARTS grants builds upon EVgo's previously announced partnership with Uber Technologies Inc (NYSE:UBER). EVgo will build twin public…

The Independent UK

This former Uber executive traveled to Ukraine to help Zelensky. His parents still think he’s in San Francisco

Ukrainian-born Silicon Valley executive Andrey Liscovich tells Rachel Sharp how he swapped the Bay Area for the war zone so he can use his startup skills to source and route supplies to the volunteers fighting for his country’s freedom

The Independent UK

Afghanistan’s former finance minister now drives an Uber in Washington, DC

Minister fled country week before Taliban took Kabul

Benzinga

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform. Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

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The Independent UK

Former health secretary voices concern over ‘Uberisation’ of GP services

Jeremy Hunt said seeing a different doctor every time a patient is in contact with the NHS “cannot be good for patient safety”.

The Guardian - US

Afghanistan’s former finance minister is now Uber driver in Washington DC

Washington Post rides with Khalid Payenda, who left for the US before the fall of Kabul

The Guardian - UK

Uber hopes for an easier ride with its new London licence

The ride-hailing firm believes it has done its bit with driver concessions and backing for Ulez, but will the mayor agree?

Irish Mirror

Mother left mortified with €5,000 taxi order to 'help Ukraine' after one too many drinks

This was a mistake she won't forget for a long time!

StockNews.com

Is Uber Technologies a Buy Under $35?

Currently trading below $35, leading ride-hailing services provider Uber Technologies' (UBER) shares plunged in price after the company failed to meet analysts' expectations concerning its prospects recently. So, is it worth betting on the stock now? Let's discuss.

The Conversation

Provincial competition law needed to address the power of gig work platforms

With the invention of gig-based platforms like Uber and SkipTheDishes, the gig economy has not just become an integral part of the labour industry, but also digital society as well.

Daily Record

Mum orders £4,500 Uber to Ukraine ‘to help’ after drinking too many pink gins

Leoni Fildes had been out celebrating her friend’s birthday on Saturday, March 5 when her group started chatting about Ukraine before the spontaneous cab hire.

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