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Shares of Uber Technologies (NYSE: UBER) were moving higher for the second day in a row, seemingly in response to billionaire Bill Ackman's announcement that he has invested more than $2 billion ...
That's why Uber stock was down 7% as of 10:20 a.m. ET. The bookings outlook didn't satisfy investors To truly have a handle on Uber's business, investors need to understand its gross bookings.
Uber stock's recent tumble began on Dec. 5 when Alphabet's Waymo announced it would be expanding to Miami. The self-driving vehicles could be available for ride-hailing services as early as 2026.
Uber's fourth-quarter operating profit rose 18% to $770 million but fell well short of the $1.2 billion forecast by analysts, hitting shares. Uber stock falls as operating-income miss overshadows ...
In a post on X, Ackman said Pershing Square owns 30.3 million Uber shares, worth about $2.3 billion based on the current stock price of roughly $75, which the firm began acquiring in early January ...
Uber stock is slightly higher today on the news, but it slid 10% on Thursday when autonomous rideshare firm Waymo, backed by Alphabet , said it would expand its robotaxi service to Miami, Fla ...
Uber stock tanked on Thursday after the ride-hailing giant missed on the all-important gross bookings metric.For the third quarter, Uber reported revenue of $11.2 billion, topping Bloomberg ...
Driverless car technology is expected to crush Uber's (NYSE: UBER) business in the long term. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.