Highlights Autonomous vehicles will replace human-driven vehicles as early as 2040, Uber CEO Dara Khosrowshahi predicted. Uber’s future is autonomous but there will be several other players as well in this trillion-dollar industry. An ecosystem to support AVs needs to be set up first before these vehicles can be deployed and operated at scale. Uber CEO Dara Khosrowshahi predicted that robot drivers will replace human drivers at scale in 15 to 20 years in an autonomous future, as long as several ...

Needham analyst Quinn Bolton reiterated the Buy rating on Mobileye Global Inc. MBLY, lowering the price forecast from $20 to $18.On Thursday, the company reported first-quarter revenue growth of 83% year-on-year to $438 million, beating the analyst consensus estimate of $435.2 million. Adjusted EPS of 8 cents was in line with the analyst consensus estimates. The analyst highlighted several positives from the quarter, including strong design win momentum, such as Mobileye's first Surround ADAS win and a sign ...

DoorDash wants Uber's anti-competition lawsuit tossed by the California Superior Court, saying the litigation is a "cynical and calculated scare tactic." DoorDash filed the motion alongside a press release on Friday."It's disappointing behavior from a company once known for competing on the merits of its products and innovation," DoorDash, which tops the online food delivery market in the United States, wrote in the release. Uber filed a complaint against DoorDash in February, accusing the company of anti ...

Your ride to the airport or Friday-night dinner delivery through Uber might cost less if an economic downturn arrives, according to its CEO. If the economy enters a recession, more people could sign up to drive and deliver for Uber, Dara Khosrowshahi said on Friday."If there is more unemployment, the cost of Uber will come down, because, to some extent, the cost of labor comes down," Khosrowshahi said at the Semafor World Economy Summit in Washington, D.C. Khosrowshahi said that Uber tends to be "recessio ...

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Uber Technologies, Inc. (“Uber” or the “Company”) (NYSE: UBER). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Uber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 21, 202 ...

LOS ANGELES, April 24, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Uber Technologies, Inc. ("Uber" or "the Company") (NYSE: UBER) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Uber is the subject of an FTC lawsuit filed on April 21, 2025. Reuters reports ...

Uber (UBER 2.17%) is scheduled to report quarterly financial results on May 7, which will have huge implications for shareholders.*Stock prices used were the afternoon prices of April 20, 2025. The video was published on April 22, 2025. ...

NEW YORK, April 22, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Uber Technologies, Inc. ("Uber" or the "Company") (NYSE: UBER). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Uber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On April 21, 2025, the Fed ...

MMMT Wealth is run by Oliver, a CPA working in the financial services sector mainly in private equity, hedge funds, and asset management. MMMT Wealth began in 2023 when Oliver started writing online mainly on X and Substack about investment strategies and stocks. His main aim is to gather insights from investor calls, presentations, financials, news and form an opinion on the stock looking mainly at a 3-5 year time horizon. Oliver is passionate about investing and understands that even 1 or 2 investments ca ...

Shares of ride-hailing and delivery leader Uber (UBER -3.27%) were initially doing much better than the plunging stock market today, with only moderate declines as of midday. However, in the afternoon, shares sank as much as 5.3% at one point, before recovering to a 4.4% decline by 2:26 p.m. ET.Midday, news came over the wires that the Federal Trade Commission (FTC) was suing the company over tactics for signing up users to its Uber One subscription service.Did Uber flout the Restore Online Shoppers' Confid ...