Uber Technologies Stock Price, News & Analysis

Uber Technologies, Inc. (NYSE: UBER) will host its Investor Day on February 10 at 9 a.m. Eastern Time in New York City, updated from its original time and location in San Francisco. The event aims to engage with financial analysts and institutional investors. A live webcast and materials will be accessible on Uber's Investor Relations website, with a replay available for at least 90 days. Uber plans to use its Investor Relations site to disclose material nonpublic information, in compliance with Regulation FD.

Uber (NYSE: UBER) and Visa (NYSE: V) launched the Grants for Growth program, allocating $1 million to support small businesses impacted by the pandemic across 10 U.S. cities. Each of the 100 selected merchants will receive $10,000 for immediate needs such as payroll and technology upgrades. Eligible businesses must have been active on Uber Eats since January 1, 2022, in cities including Atlanta, Chicago, and Los Angeles. The program, administered by LISC, aims to promote restaurant recovery and entrepreneur support.

Motional and Uber Technologies Inc (NYSE: UBER) have partnered to launch autonomous deliveries starting in early 2022 in Santa Monica. Utilizing Motional's all-electric Hyundai IONIQ 5-based robotaxi, the collaboration will initiate meal kit deliveries via Uber Eats. This venture marks Motional's entry into autonomous delivery and Uber's first partnership with a driverless vehicle provider. Both companies aim to enhance customer experience in delivery services by leveraging autonomous technology. The partnership signifies a pivotal moment for both companies in the evolving delivery market.

On December 14, 2021, CLEAR (NYSE: YOU) announced a partnership with Uber (NYSE: UBER) to enhance the travel experience through the integration of Uber's ride service into CLEAR's app. This collaboration aims to provide travelers with real-time data on when to leave for flights, improving the 'Home to Gate' feature by allowing users to reserve Uber rides directly. With travel surging during the holiday season, this initiative seeks to reduce stress and streamline airport travel. CLEAR currently boasts over 8 million members and is recognized for its secure identity solutions.

On December 13, 2021, Uber Technologies announced its first-ever food delivery to outer space via Uber Eats. The milestone delivery took place on December 11, 2021, as Japanese entrepreneur Yusaku Maezawa hand-delivered Japanese meals to astronauts aboard the International Space Station, marking a significant expansion of the delivery service's capabilities.

To celebrate this achievement, Uber Eats is offering $10 off orders over $20 for the first 24,800 customers using the promo code SPACEFOOD from December 13-19, 2021.

Uber has launched the Path to Safety Fund, in partnership with Canary and FreeFrom, to assist drivers and delivery workers affected by domestic violence. The initiative aims to provide financial support to those experiencing hardship due to such violence, with applications kept anonymous. The fund addresses urgent needs, including housing and food. This program follows a significant rise in women using the Uber platform. Uber's ongoing commitment to combat gender-based violence has also included over 50,000 free rides to safe spaces during the pandemic.

On December 7, 2021, Uber Technologies announced the launch of its seasonal Holiday hub on the Uber Eats platform, enhancing delivery options for customers during the holiday season. This hub will feature items such as Christmas trees and wreaths through an exclusive partnership with Proper Companies, available in cities like Los Angeles and New York City. From December 1-31, customers can enjoy $20 off orders of $60 or more from selected merchants. This initiative aims to empower on-demand commerce while providing customers easier access to seasonal essentials.

Serve Robotics announced a successful closing of a $13 million seed funding round with strategic backing from Uber Technologies and others. This investment will be directed towards scaling operations, expanding its fleet, and enhancing product development for its autonomous delivery robots. Since its inception, Serve has pushed for sustainable delivery solutions, completing thousands of contactless deliveries across major U.S. cities. With this funding, Serve Robotics aims to solidify its leadership in the autonomous delivery market.

Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi will participate in a fireside chat hosted by UBS on Tuesday, December 14, 2021, at 7:00 AM PT (10:00 AM ET). A live webcast will be available on the Uber investor relations website. Uber, founded in 2010, aims to provide opportunities through movement, having facilitated over 25 billion trips since inception. The platform continues to innovate in how people and things move in urban environments.