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19 September 2021
13:19 hour

: Uber CTO Sukumar Rathnam leaving after less than a year

Market Watch

15/09/2021 - 03:06

Sukumar Rathnam, formerly of Amazon, started as CTO of Uber Technologies Inc. in late September of 2020.


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  1. Key highlights from Uber (UBER) Q4 2020 earnings results (10/02/2021 - AlphaStreet)
    Uber Technologies Inc. (NYSE: UBER) reported fourth quarter 2020 earnings results today. Revenues declined 16% year-over-year to $3.1 billion. Net loss attributable to Uber amounted to $968 million, or $0.54 per share, compared to a loss of $1 billion, or $0.64 per share, last year. Gross bookings were down 5% year-over-year. (This story will be updated shortly with an infographic)The post Key highlights from Uber (UBER) Q4 2020 earnings results first appeared on AlphaStreet.
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  2. SELL HOLD UBER? (01/07/2021 - Reddit Stocks)
    UBER had a great run and revenue numbers. But is not profitable yet. While the top countries like USA had good vaccine success rest of the world still trying to catch and will take at least an year. So my concerns are: Will UBER start becoming profitable? if Drone delivery starts taking effect, what will happen to UBER EATS? Will Autonomous vehicles be good or bad for UBER?   submitted by   /u/LuvLemonade [link]   [comments]
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  3. Uber Technologies reports Q1 loss of 6 cents per share (05/05/2021 - AlphaStreet)
    Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up 8% year-over-year and above the Wall Street projection. Meanwhile, the net loss of $0.06 per share was narrower than what analysts had targeted. Uber shares were up 0.3% immediately following the announcement. The stock has traded mostly sidewise since the beginning of this year. (The story will be updated with an AlphaGraphic shortly) Looking forward to listening to management / analyst comments on the results? Stay tuned here for Uber Technologies Q1 earnings call transcript Prior performance The post Uber Technologies reports Q1 loss of 6 cents per share first appeared on AlphaStreet.
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  4. UBER: A fighter or a loser? (04/08/2021 - Reddit Stock Market)
    This is an unpopular opinion, but I’m telling ya all, being a dream catcher is never easy. People will keep putting you down while you’re on the way to success. Do you all think UBER is a dream catcher? Should you give it a chance? See my thoughts below. ---Promise or Non-sense--- About the companyThey’re mostly known for getting stoners like you and I to get home safely. Uber is available in over 900 cities globally. They offer Uber Ride/Eats/bikes/freight. Most of the revenue comes from Uber Rides and Eats. The first stage of UBER, requires lots of money as they give out discount codes and even free rides in order to gain new members. Is UBER making money ACTUALLY? It’s a simple no. They were clearly impacted by the pandemic. However, here’s a part where many people overlook. Uber has a lot of cash to work on and operate. They already survived the worst year. Now it’s just the beginning. Is UBER worth Trading/Investing? I know the numbers look pretty bad, but I personally still feel optimistic about their future as they’re closer to their second stage of their plan. UBER is one of the biggest victims of the pandemic. As the pandemic eases, I expect more people taking UBER to places. It all depends on if you’re willing to take a risk. Uber is still expanding after they formed a strong base of active users.   submitted by   /u/PositiveKarmaaa [link]   [comments]
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  5. Earnings Results: Uber revenue doubles, but shares fall on disappointing active-user numbers (04/08/2021 - Market Watch)
    Uber Technologies Inc. on Tuesday reported that it swung to a profit in the second quarter, and that gross bookings and revenue doubled year over year, but investors still drove its stock down in extended trading.
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  6. Uber Technologies, Inc. (UBER) Q1 2021 Earnings Call Transcript (06/05/2021 - AlphaStreet)
    Uber Technologies, Inc.  (NYSE: UBER) Q1 2021 earnings call dated May. 05, 2021 Presentation: Operator Good day and thank you for standing by. Welcome to the First Quarter 2021 Uber Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Balaji Krishnamurthy, Head of Investor Relations. Please go ahead. This content is for members only. Visit the site and log in/register to read.The post Uber Technologies, Inc. (UBER) Q1 2021 Earnings Call Transcript first appeared on AlphaStreet.
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  7. Uber India’s mobility biz showing recovery led by demand for low-cost products (02/03/2021 - Financial Express)
    With the onset of the pandemic last year, ride-hailing firms like Uber and Ola saw a sharp decline in bookings as corporates moved to working from home and people restricted non-essential movements.
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  8. Uber inflation and prices (27/06/2021 - Reddit Stocks)
    I like Uber and obviously in the next 2 quarters I fully expect them to perform much better than they are currently as things get closer and closer to normal... but I am concerned about these prices. Purely anecdotal, but these prices have not moved a cent in the last month or two for Ubers, and its become extremely difficult to get Uber's in terms of time and the money spent to get from point A to point B. Will these prices really be down by the fall? Winter? Not to mention Uber is not currently profitable, so I would assume these prices are here for the long haul. I'm good keeping Uber for now, but just question it's long term ability (UberEats seems like a nice hedge for them).   submitted by   /u/BigBet0 [link]   [comments]
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  9. Uber vs Lyft (25/08/2021 - Reddit Stock Market)
    Hello, this is my first time publishing stock analysis publicly, feel free to agree / disagree with me. I decided to do a financial analysis and comparison between Uber and Lyft, with people back to see family, friends, Offices, restaurants and bars are reopening, I started to take a closer look at the ride sharing industry. Financial Comparison- (2020 + 2021) (SOURCE:JIKA.IO) Companies overview Market cap: $75.694B (uber) VS $ 15.983B (lyft) Revenues (2020): $11.14B (uber) VS $2.36B (lyft) Cost of revenues (2020): $5.15B (uber) VS $1.45B (lyft) Gross Profit (2020): $5.99B (uber) VS $0.92B (lyft) Key metrics comparison Revenue per share (2020): $6.21 (uber) VS $10.39(lyft) Net Income per share (2020): -$7.70 (uber) VS -$3.77(lyft) Cash per share (2020): $3.81 (uber) VS $9.89(lyft) Ratios comparison Gross Profit margin: 2019 – 32.78%, 2020- 53.73% (uber) VS 2019 – 39.81%, 2020- 38.79% (lyft) Net Profit margins (2021): -7.78% (uber) VS -32.93%(lyft) Return on equity (2021): -8.11% (uber) VS -18.46%(lyft) Balance sheet comparison Short Term debt (2020): $348M (uber) VS $35.76M (lyft) long Term debt (2020): $7.56B (uber) VS $0.64B (lyft) Cash and cash equivalent (2020): $5.65B (uber) VS $0.32B (lyft) Analysts Comparison- (2020 + 2021) (SOURCE: TIPRANKS) Uber: Based on 23 Wall Street analysts – 21 Buys 2 hold 0 sell Estimates – low: $48, Average: $68.59, High: $81 Lyft: Based on 22 Wall Street analysts – 14 Buys 8 hold 0 sell Estimates – low: $59, Average: $47.74, High: $88 Users Comparison (Source: Uber and Lyft Websites) Number of total users 2020 – 93M (uber) VS 12.5M (lyft) Number of drivers: 2020 – 3.5M (uber) VS 1M (lyft) Market share Lyft has a 32% share of the US rideshare market. Lyft’s share of the market has grown consistently over the last 6 years, up from 7% in February 2015. On the other hand, Uber has a 68% share of the US ride-hailing market. Uber’s market share peaked as high as 91% in 2015 and has been steadily declining ever since. (source: backlinko) My Conclusion As economies reopen, both companies will show robust growth. But Uber seems to have an advantage. Uber sales are expected by analysts to grow 42% this year compared to last year, according to consensus estimates. Lyft is expected to increase sales by 33%. Moreover, Uber also has food order and delivery business, Uber Eats, and a freight shipping business, Uber Freight. Both companies have a lot of debt and keep losing money, but looking at Uber for a long term investment might be interesting … Don’t you agree ? ​ https://www.jika.io/dashboard/tools/multiples https://preview.redd.it/0xp8gc8h4ij71.png?width=1151&format=png&auto=webp&s=9af814623683409974c6d069dee8ed904269f6a9   submitted by   /u/Purple-Tutor5831 [link]   [comments]
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  10. Any opinions on Uber Technologies (UBER) and DoorDash (DASH)? (09/05/2021 - Reddit Stocks)
    Don’t know about the rest of people, but I believe both may be undervalued IF they have profitability prospects. I enjoy the ideas that Uber and DoorDash have brought to the table, and I feel like there will always be a constant need for them (individualised urban transportation and food transportation). I really wasn’t a big fan of Uber selling off their autonomous vehicles division, I feel like that was a good chance of profitability for them. I like the companies, but don’t like the fact that they’re not profitable. Either way, I thought I would reach out to see other people’s opinions about these companies. Have you invested or avoided and why?   submitted by   /u/maximalsimplicity [link]   [comments]
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  11. Uber and Gopuff collaborate for bringing everyday essentials to Uber Eats (04/05/2021 - Seeking Alpha)

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  12. $UBER - Who's currently holding this one? (13/08/2021 - Reddit Stocks)
    I bought UBER earlier this year at around $55 and got stopped out during the May slump. I bought back in, about 1/2 position, at around $43 this week, and can't decide whether to fill the position. Headwinds include available driver pool (low currently), fuel costs - I've heard a number of analysts talk about $80 WTI with increased demand and decreasing supply, possible low trip demand with Delta and lots working from home. FTC investigation of Drizzly/Go-Puff deal. Tailwinds include UI benefits ending soon (September here in WA state) so hopefully an uptick in drivers. Return to work for many later this year unless Delta derails that, as well as a return to bars, clubs, etc. so hopefully a healthy uptick in fares. Drizly and Go-Puff deals, assuming they're allowed, will hopefully give a nice boost to revenue. Anyone have thoughts on UBER? (I currently own 100 shares at $42.90)   submitted by   /u/LuncheonMe4t [link]   [comments]
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  13. Check out this breakdown of Uber Technologies Inc. Do you think UBER is overvalued? Or is it a good buy? (07/06/2021 - Reddit Stock Market)
      submitted by   /u/Fit_Rooster2702 [link]   [comments]
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  14. : Uber vs. Lyft — should you buy either stock now? (20/05/2021 - Market Watch)
    Uber appears to have many advantages, according to analysts.
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  15. UBER : Do you Think valuation is sustainable ? (11/04/2021 - Reddit Stock Market)
    Do you think UBER will ever be profitable company in the future ? UBER currently trading at $57 with $107 Billion MC and During pre pandemic UBER only trade $30-$40 Max , Now $57 in recovery period Do you think this valuation is fair value for company who lost more than $1 Billion every quarterly. Food delivery : is good during and post pandemic but I don't think it will be enough to make the company profitable. Rideshare: I really doubt if they will ever see the peak demand as high as pre pandemic level again in the near future. Let me know what do you think anyone , Bear and Bull comment welcome here , as always Good Luck on your investment regardless long or short, is your own money due your own DD.   submitted by   /u/Specialist_Listen_23 [link]   [comments]
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  16. Making drivers Uber’s employees hurts innovation (01/03/2021 - Financial Express)
    The UK SC ruling could spur other countries to take a similar line, making the models of apps like Uber/Airbnb unviable
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  17. Uber engineering head steps down after less than a year (15/09/2021 - Seeking Alpha)

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  18. : Is Uber disclosing enough information about its lobbying? 30% of shareholders want more (12/05/2021 - Market Watch)
    A shareholder resolution asking Uber to be more transparent about its lobbying spending failed this week, but the investors who proposed it are vowing to keep pressure on the ride-hailing and delivery company.
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  19. Uber names Ameya Velankar as head of marketing for India, South Asia (28/07/2021 - Financial Express)
    Velankar will be working closely with the leadership team to consolidate Uber’s growing presence in these strategic markets and further strengthen the brand
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  20. Uber CEO: Investment in driver acquisition sets it up for rest of the year (05/08/2021 - Seeking Alpha)

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  21. : FTC investigating Uber’s partnership with Gopuff and its deal for Drizly: report (11/08/2021 - Market Watch)
    Uber Technologies Inc. and online-delivery service Gopuff are being investigated by the Federal Trade Commission over potential anti-competitive behavior, The Information reported Tuesday.
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  22. Earnings Outlook: Uber looks beyond ride-hailing as rebound and quest for profit continues (30/07/2021 - Market Watch)
    With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.
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  23. : Uber partners with electric-vehicle startup Arrival so its drivers can design new car (04/05/2021 - Market Watch)
    The car designed with help from Uber drivers will join Arrival’s previously announced bus and van.
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  24. The Wall Street Journal: For DoorDash and Uber Eats, the future is ‘next-hour commerce’ (01/06/2021 - Market Watch)
    DoorDash Inc.’s and Uber Eats’ ambitions are bigger than your lunch.
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  25. The Wall Street Journal: For DoorDash and Uber Eats, the future is ‘next-hour commerce’ (01/06/2021 - Market Watch)
    DoorDash Inc.’s and Uber Eats’ ambitions are bigger than your lunch.
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  26. Loving $UBER for the rest of the year. (09/03/2021 - Reddit Stock Market)
      submitted by   /u/stroker351w [link]   [comments]
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  27. Uber Riding Way Down On Earning But Up On Trending Stocks! (05/08/2021 - Reddit Stock Market)
    Processing img ht1a0wg10kf71... For many of the new-age investors, investing following just fundamental analysis alone can be a tedious task. Moreover, they don’t have time to cudgel their brains doing background checks for several companies. Isn’t it? So, a better way can be to check upon the stocks which are trending and then investigate a bit. While searching for the same, on the Quantale.io dashboard, one can easily notice Uber Technologies Inc paving its way on in the top 20 trending stock this morning. So, it won’t be wrong if we correlate its debut on the trending stocks section with the release of the company’s Q2 earnings report yesterday afternoon. Despite the revenue growth of 35 percent quarter over quarter and 105 percent year over year, the company's Adjusted EBITDA reported a negative $509 million, indicating a decrease of $150 million quarter over quarter but an increase of $328 million year over year. Mobility Adjusted EBITDA stood at $179 million with a drop of $119 million quarter over quarter but rose $129 million year over year. However, according to Refinitiv data, analysts expected the business to record an adjusted EBITDA loss of $324.5 million on average. As can be seen, Uber exceeded expectations, posting a $184 million EBITDA loss, which was more than projected. In addition, the company's EBITDA and net income have been negative since 2016, according to the Quantale.io dashboard. Returning to its quarterly report, what one should look for is how the company will meet the expectation of achieving an Adjusted EBITDA loss of less than $100 million in Q3 in addition to record Gross Bookings between $22 and $24 billion, despite incurring losses in its ride-hailing business and investing $250 million in driver incentives in Q2. Uber's stock dropped 5% in after-hours trading after the company's quarterly results report was made public, after finishing the regular session down 2.29 percent. Additional Information: From February to July, Uber states that the number of monthly active drivers and food delivery workers grew by approximately 420,000. According to the firm, passenger wait times in key U.S. cities dropped during that period. Even when incentives were lowered, the supply of drivers in the United States grew by 30% from June to July. About Uber Technologies Inc: Uber Technologies, Inc. is a technological platform for people and things mobility. The company services include multimodal people transportation, restaurant meal delivery, and freight carrier and shipper connectivity. Rides, Eats, Freight, Other Bets, and ATG and Other Technology Programs are the company's segments.   submitted by   /u/Mr_XooX [link]   [comments]
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  28. : Uber loses key legal fight, which could hurt its business model in the U.K. and hit gig economy firms (19/02/2021 - Market Watch)
    Uber lost a key court ruling on Friday, which could hurt its business model and move the stock in one of its biggest international markets.
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  29. : Uber loses key legal fight, which could hurt its business model in the U.K. and hit gig economy firms (19/02/2021 - Market Watch)
    Uber lost a key court ruling on Friday, which could hurt its business model and move the stock in one of its biggest international markets.
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  30. Breaking down India’s quest to build its own Twitter: Can Koo chirp louder than the blue bird (18/02/2021 - Financial Express)
    This isn’t the first time that an Indian startup is operating in a market dominated by foreign rivals. Ola vs Uber, Flipkart vs Amazon, Quikr vs OLX, Zomato and Swiggy vs Uber Eats and more have fought it out in the Indian market.
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  31. MarketWatch First Take: With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws? (11/02/2021 - Market Watch)
    As Uber Technologies Inc.'s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals.
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  32. MarketWatch First Take: With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws? (11/02/2021 - Market Watch)
    As Uber Technologies Inc.'s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals.
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  33. Facebook appoints Uber’s Sanjay Gupta as director, international marketing (13/09/2021 - Financial Express)
    Prior to joining Facebook, he worked at Uber as marketing director, APAC
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  34. CCI dismisses allegations of antitrust violations against Uber (15/07/2021 - Financial Express)
    The Competition Commission of India (CCI) has rejected the allegations of antitrust violations made against Uber by cab aggregator Meru.
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  35. The Wall Street Journal: Uber and Lyft price at records even as drivers return (09/08/2021 - Market Watch)
    Drivers are returning to Uber Technologies Inc. and Lyft Inc. after the companies spent big on incentives to address a pandemic-driven labor shortage. That shift isn’t bringing down fares from record highs, new data show.
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  36. NPS Corporate Sector Subscriber? To transfer your NPS Account, do this after leaving job (30/03/2021 - Financial Express)
    Many subscribers under Corporate Sector have not exercised Inter Sector Shifting before leaving their employers and those employees are still tagged with their erstwhile employers.
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  37. : Top proxy advisers urge Uber investors to approve proposal seeking lobbying disclosure (28/04/2021 - Market Watch)
    The two most influential proxy advisory services in the nation are recommending that shareholders vote for a proposal calling for Uber Technologies Inc. to produce a report on its lobbying activities.
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  38. The Wall Street Journal: Uber and Lyft will drive you to get your COVID-19 vaccine for free until July 4 (11/05/2021 - Market Watch)
    The White House will announce a new partnership with ride-sharing companies Uber Technologies Inc. and Lyft Inc. to make all rides to and from vaccination sites free until July 4, according to administration officials.
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  39. Uber vs Lyft (14/03/2021 - Reddit Stocks)
    Anyone else looking at these two companies? Both are currently not showing a profit. Just curious what others think? I see the need for their services and think they should be profitable in a year or two.   submitted by   /u/Rich-Ad-4240 [link]   [comments]
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  40. : Uber shares fall after report that SoftBank plans to sell a third of its stake (29/07/2021 - Market Watch)
    Uber Technologies Inc. shares fell more than 4.5% in extended trading Wednesday after a report that SoftBank Group Corp. is selling about a third of its stake in the company.
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  41. MarketWatch First Take: Uber investors finally see the costs of treating drivers as employees, and the stock is falling (06/05/2021 - Market Watch)
    After seeing Uber Technologies Inc. fight over the past few years to keep drivers from becoming employees instead of contractors, investors finally got a glimpse of some of the impact to its financial results.
    [visit article]
  42. : Uber spending $250 million to lure drivers back to work as pandemic restrictions ease (08/04/2021 - Market Watch)
    Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.
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  43. : Uber spending $250 million to lure drivers back to work as pandemic restrictions ease (08/04/2021 - Market Watch)
    Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.
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  44. Earnings Results: Uber says Q4 bookings improve, but revenue misses expectations (10/02/2021 - Market Watch)
    Uber Technologies Inc. said Wednesday that fourth-quarter gross bookings rose 16% from the previous quarter, reflecting a continued ride-hailing recovery, but its revenue fell short of expectations.
    [visit article]
  45. : Uber CEO, other execs saw pay cuts in 2020 but still raked in millions (13/03/2021 - Market Watch)
    As the coronavirus pandemic ravaged the ride-hailing industry and gig workers in the U.S. relied on emergency government assistance like pandemic unemployment insurance, Uber Technologies Inc. executives took home considerably less in 2020 than in previous years, though their compensation still totaled millions of dollars.
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  46. DoorDash, Grubhub and Uber sue NYC over bill that limits how much they can charge restaurants (10/09/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/09/10/doordash-grubhub-and-uber-sue-nyc-over-delivery-fee-limits.html DoorDash, Grubhub and Uber Eats are suing the city of New York over a bill that would make emergency delivery fee caps permanent. The lawsuit follows a similar legal action from DoorDash and Grubhub against San Francisco. The companies claim the measure will ultimately harm restaurants. I think nyc is doing the right decision. These delivery apps are charging a very high fee already so there should be a limit. For investors who invests into these companies, please realize they have to burn a lot of money before they maybe finally able to make a profit.   submitted by   /u/coolcomfort123 [link]   [comments]
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  47. : Uber showed drivers lower fares than passengers, blames California law it supported (24/07/2021 - Market Watch)
    Uber Technologies Inc. acknowledged Friday it had been showing drivers lower fares than what riders actually paid, and promised to change the practice while saying it was all due to the new California law the company spent tens of millions of dollars to pass.
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  48. Top 10 growth stocks according to job postings in March (31/03/2021 - Reddit Stocks)
    By monitoring job postings, we can see what companies that are looking to upgrade their workforce, and I believe that this is a strong indicator for future growth. But looking at just total number of job posts is not enough. If a company has 1,000 open positions in March that could be seen as a growing company. But if the same company had 2,000 open positions in February then we can make the assumption that they’re not growing at the same pace as they used to. That’s why I’ve compiled a list of the companies with the biggest change in open positions from February to March this year. Company / Ticker Job Postings Change % DoorDash - DASH 38,293 +323% Uber - UBER 1,079 +155% Juniper Networks - JNPR 329 +101% Intel - INTC 1,419 +90.7% Facebook - FB 4,686 +80.3% UPS - UPS 2,764 +72.8% Sunrun - RUN 513 +53.1% Allstate - ALL 1,842 +48.6% Nordstrom - JWN 1,842 +45.2% Nike - NKE 920 +37.3% DoorDash and Uber definitely took a big hit in March (DASH stock price is down by 38%), but they are also having hiring surges indicating that they are getting ready to get "back on track". It’s also interesting to see that Retail is coming back with Nordstrom increasing their open positions by 45% in March. Obviously, we can't look at job postings in isolation, but I like to monitor this data type in my DD. Your thoughts?   submitted by   /u/robertrydefalk [link]   [comments]
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  49. The Wall Street Journal: Uber, DoorDash, Grubhub sue New York City over cap on fees (10/09/2021 - Market Watch)
    DoorDash Inc., Grubhub Inc. and Uber Eats are suing New York City over its law permanently capping the amount of commissions the apps can charge restaurants to use their services, the latest move in a growing clash between the platforms and local regulators.
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