(UBER) News Today

Uber launched autonomous rides in London on Thursday using AI technology developed by Britain's Wayve, making the ​city the second in Europe after Zagreb where the ‌company offers robotaxis.

Uber Technologies (UBER) lays off thousands of workers as U.S. private payrolls appear to slow in the latest ADP employment report. Staying in the automobile space, Tesla (TSLA) EV sales hit the brakes in China ahead of the company's Cybercab event Thursday.

Ride-hailing giant Uber will lay off about 10% of its staff as part of "significant organizational changes," CEO Dara Khosrowshahi said in a message to employees released Wednesday.

Delivery Hero's board has signed off on Uber's $15 billion takeover offer and recommended shareholders approve the deal, which would create one the largest on-demand food delivery platforms in the world.

The ride-hailing giant's CEO said Uber is cutting management layers, consolidating teams and requiring most remote workers to relocate to key office hubs.

The German delivery company said its management and supervisory boards had independently reviewed the U.S. giant's offer.

The layoffs affect about 3,300 workers, as Chief Executive Dara Khosrowshahi bets on a “leaner organization.”

Landmark lawsuit claims tech company's pay-setting system has breached privacy laws and pushed down earnings

Uber is reportedly cutting roughly 3,300 jobs, or 10% of its total workforce. That's according to a report Wednesday (Sept.

California-based Uber has announced a major organizational restructuring revealing plans to eliminate 10% of its global workforce, impacting approximately 3,300 employees.

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is cutting about 3,300 jobs, or roughly 10% of its global workforce, as part of a restructuring aimed at reducing management layers and shifting spending toward its core ride-hailing, delivery and robotaxi businesses. CEO Dara Khosrowshahi outlined the changes in an email to staff, saying the moves are meant to make the company "simpler and faster.

It's Uber's largest round of layoffs since the pandemic.

Uber Technologies is cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. Carmen Reinicke has more on "Bloomberg Open Interest.

Uber stock was higher after the tech giant announced 10% layoffs for its global workforce.

Uber is cutting 10% of its workforce in an effort to consolidate management layers and trim costs. CEO Dara Khosrowshahi said the decision will help make Uber "simpler and faster" and allow the company to invest in growth opportunities.

Uber Technologies is cutting about 3,300 jobs as Chief Executive Dara Khosrowshahi moves to streamline the company's organization, reduce costs and speed up decision-making at a time when the ride-hailing giant is preparing for a potentially disruptive shift toward autonomous vehicles. The cuts, equivalent to roughly 10% of Uber's workforce, sent shares about 2% higher in premarket trading Wednesday.

Uber is laying off 10% of its corporate workforce, or 3,300 people, it said on Wednesday. The job cuts targeted management and coordination roles, CEO Dara Khosrowshahi said.

Uber is laying off about 3,300 people, or about 10% of its global headcount, in a bid to cut management layers and invest more in its ride-sharing, delivery and robotaxi divisions. The company announced the changes in an internal email sent by CEO Dara Khosrowshahi and published online Wednesday.

Uber CEO Dara Khosrowshahi says the move will ‘make Uber simpler and faster' and ‘create more capacity to invest in our future.'

Uber Technologies ​will cut ‌3,300 jobs or ​roughly ​10% of its ⁠global ​workforce as ​part of an overhaul, ​as ​the company looks ‌to ⁠reduce the number of ​managers, ​Bloomberg ⁠News reported ​on ​Wednesday.

Form 13F filings allow investors to track which stocks Wall Street's savviest asset managers bought and sold in the latest quarter. Billionaire David Tepper has piled into foundational AI stocks, such as Nvidia, Taiwan Semiconductor Manufacturing, and Amazon.

Uber Technologies maintains a highly resilient, scalable core business, with gross bookings and monthly active users reaching new highs despite AV disruption fears. UBER is proactively investing, committing $10B to AV partnerships and targeting 120,000 AVs, while expanding globally through the Delivery Hero acquisition. At just above 20x forward earnings and expanding free cash flow margins, UBER's valuation reflects overbaked disruption fears and strong operating leverage.

Investors continue to be concerned about the long-term risk that autonomous driving technology poses to Uber's business model. The company's massive user base and powerful network effect put it in an advantageous position to serve ride-share demand.

SAN FRANCISCO--(BUSINESS WIRE)--Uber International Technologies II Corporation (the “Bidder”), an indirect wholly-owned subsidiary of Uber Technologies, Inc. (NYSE: UBER) today published the Offer Document for its voluntary public takeover offer for all outstanding no-par value registered shares in Delivery Hero SE (“Delivery Hero”, ISIN DE000A2E4K43) not already held by the Bidder (the “Offer”), following approval by the German Federal Financial Supervisory Authority (“Bafin”).From today, Deliv.

Competition has been "pretty brutal" in some of Delivery Hero's key markets over the past couple ​of years, but growing its subscriber base has helped ‌the business, CEO Niklas Östberg said on Thursday.

Quarterly-filed Form 13Fs allow investors to track which stocks Wall Street's sharpest investors are buying, selling, and holding. Although Ackman has always overseen a concentrated portfolio, several of his top ideas are AI applications companies.

German online takeaway food company Delivery Hero , ‌subject to a takeover offer by U.S.-based rival Uber , lifted its guidance for 2026 on Thursday, helped by strengthening demand and improved profitability.

Uber Technologies Inc. (NYSE:UBER) shares are falling Wednesday, with the stock's pullback playing out against a technical backdrop that's still working to shake off scars from earlier this year.

Long-haul trucking could lead the way in the transformation of autonomous vehicles. Mobileye has significant ADAS market share dominance.

Uber said Tuesday it is introducing a new live video streaming feature for parents to keep track of their children's safety during rides. The company said that the feature will roll out across the U.S. nationwide in the coming weeks.

Uber presents a strong staged entry opportunity after a recent correction, with bullish technicals and compelling valuation metrics. UBER trades at a forward PEG non-GAAP ratio 47% below the sector, and consensus sees earnings rising at 20% year-over-year every quarter for a year from Q3 2027. I see a gradual value climb to $120 per share in 12 months, representing approximately 50% upside in the bull case.

UBER expands its robotaxi push as fully driverless Apollo Go vehicles debut in Dubai, the first launch under its multi-year strategic partnership.

Now compare self-drive and chauffeur-driven Intercity options within the Zoomcar app BENGALURU, India and NEW YORK, Aug. 24, 2026 /PRNewswire/ -- Zoomcar (OTCQB: ZCAR), India's leading peer-to-peer car-sharing platform, and Uber (NYSE: UBER), India's most-loved ride-hailing app, have joined hands to make planning road trips easier and simpler. Now, travelers searching for a self-drive vehicle on the Zoomcar app will also be able to discover and book Uber Intercity rides in case they prefer to get chauffeur-driven cars.

I rate Uber Technologies a buy with a $130 fair value, emphasizing gross bookings and margin over reported revenue due to UK accounting distortions. UBER's non-GAAP operating income grew 40% and bookings rose 22%, while advertising and Uber One memberships drive high-margin growth and platform engagement. The $13.7B Delivery Hero acquisition expands Uber's TAM to 99 markets, with management targeting $1.2B+ in synergies and high-single-digit accretion by year three.

During the second quarter, Pershing Square Capital Management loaded up on Netflix and Uber, two stocks that have lagged broader equities over the past year. Both stocks have excellent prospects, despite recent obstacles.

The Dutch Data Protection Authority is fining Uber €825 million (around $966 million) — the second largest penalty issued so far under Europe's General Data Protection Regulation, according to Reuters.

Dutch data protection authorities have fined Uber nearly $1 billion, saying the ride-hailing company used automated software to suspend driver accounts, sometimes permanently, with no human review to check for mistakes.

Uber driver Levi Spires says making him wait without explanation is an automatic one-star rating. Riders don't need to make conversation to impress him; offering a simple hello goes a long way.

Tepper's hedge fund, Appaloosa Management, has held on to Lyft stock since 2024. It's a respectable business, but its depth and scale trail Uber by a wide margin.

One major change happened behind the scenes: up-front pricing. Instead of relying on a predictable rate based largely on time and distance, Uber now uses algorithms and a range of real-time factors to determine what riders pay and what drivers earn.

The autonomy bid is running through Tesla (NASDAQ:TSLA | TSLA Price Prediction) today, not across the sector.

Nevada regulators voted Thursday to approve Las Vegas robotaxi permits for Tesla, Uber and Google's Waymo. They'll join Amazon's Zoox.

On CNBC's “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, picked ServiceNow, Inc. (NYSE:NOW).

The ‌Dutch Data Protection Authority (AP) has decided to fine Uber €825 million ($966 million) under European data protection rules for deactivating driver accounts through automated systems without adequately informing them, according to an August 17 ​decision reviewed by Reuters.

Nevada, get ready for the robotaxis. The Nevada Transportation Authority unanimously approved three permits Thursday that will allow Tesla, Uber, and Waymo to operate commercial robotaxi services in Clark County, home to Las Vegas. Together, these permits would deploy up to 8,000 robotaxis across the county over the next 12 months.

TROY, Mich., Aug. 20, 2026 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Uber Technologies Inc.  (NYSE:UBER) as its "Stock to Study" and American Eagle Outfitters (NYSE:AEO) as its "Undervalued Stock" in the November 2026 issue for investors' informational and educational use.

Uber Technologies (UBER) and Baidu (BIDU) are partnering for a new robotaxi endeavor in Dubai, while Bitcoin bulls aim to retake the wheel of crypto momentum. Marley Kayden and Sam Vadas turn to their top takeaways of Thursday's trading session.

Baidu's fully driverless Apollo Go vehicles are now available to riders on the Uber platform in Dubai, the first market where this partnership comes to reality. Riders may be matched with an Apollo Go vehicle when booking Uber Comfort or UberX, or by selecting the "Autonomous" option in the Uber app.

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Uber Technologies, Inc (NYSE: UBER) today announced that Baidu, Inc.'s (NASDAQ: BIDU and HKEX: 9888) fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator. This milestone reinforces Uber's position as the platform of choice for autonomous vehicles (AVs) and marks a leap forward in expanding autonomous technology worldwide. As the inaugural.

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the Goldman Sachs Communacopia & Technology Conference on Thursday, September 10th. Mr. Khosrowshahi is scheduled to appear at 10:10am PT (1:10pm ET). An audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com. About Uber Uber's mission is to create opportunity through movemen.