Uber Technologies Stock Price, News & Analysis

Uber Technologies, Inc. (NYSE: UBER) will host its quarterly conference call on February 10, 2021, at 1:30 PM PT (4:30 PM ET) to discuss its fourth quarter and full year 2020 financial results. Interested parties can access the live webcast and related materials on Uber’s Investor Relations website. A replay will be available for at least 90 days. The company emphasizes its commitment to using the Investor Relations site for disclosing material nonpublic information as part of its regulatory obligations.

Moderna (Nasdaq: MRNA) and Uber (NYSE: UBER) have announced a partnership to enhance COVID-19 vaccine uptake. The collaboration will begin with providing vaccine safety information through Uber's app and will explore options like in-app ride scheduling for immunization appointments. Uber previously committed to offering 10 million free or discounted rides to facilitate access to vaccines, especially in underserved communities. Both companies aim to expand this initiative globally, reinforcing vaccine education and accessibility efforts.

Uber Technologies announced the pricing of $1.0 billion in 0% Convertible Senior Notes due 2025, in a private placement to qualified institutional buyers. An additional $150 million in notes may be purchased by initial buyers. The notes will mature on December 15, 2025, and the initial conversion price is set at approximately $80.84 per share. Estimated net proceeds of about $987.5 million will be used for working capital and general corporate purposes. The offering is expected to close on December 11, 2020, pending closing conditions.

Joby Aviation announced a $75 million investment from Uber Technologies as part of its acquisition of Uber Elevate. This investment adds to Uber's previous $50 million funding in Joby's Series C round, bringing Uber's total investment to $125 million. The acquisition aims to integrate services between Joby and Uber, enhancing air and ground travel for customers. Joby plans to launch its all-electric vertical take-off and landing aircraft by 2023, aiming to reduce urban congestion and promote sustainable transport. The deal is expected to close in Q1 2021, pending regulatory approval.

Uber Technologies plans to offer $1 billion of Convertible Senior Notes due 2025 in a private placement, with an option for an additional $150 million. The notes will be senior unsecured obligations and are convertible into cash, shares, or a combination at Uber's discretion. Proceeds will be used for working capital and general corporate purposes, including potential acquisitions. The offering is subject to market conditions and is not registered under the Securities Act. Forward-looking statements regarding the offering and its proceeds are included, highlighting potential risks involved.

Uber Technologies (NYSE: UBER) announced that CFO Nelson Chai will participate in a fireside chat at the 2020 Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020. The event is scheduled for 8:00 AM ET (5:00 AM PT). A live webcast will be available on Uber's investor relations website at http://investor.uber.com.

Uber's mission is to provide access to movement, having conducted over 15 billion trips since its inception in 2010.

Uber Technologies, Inc. (NYSE: UBER) has partnered with AU10TIX to enhance identity verification for cash-paying riders in Mexico, Argentina, and Chile. The program requires users to scan official IDs for verification, aiming to instill trust between riders and drivers. This partnership, which first began in 2019, now extends to additional Uber services. AU10TIX's technology is designed to meet the increased demand for safe cash transactions amid changing priorities due to COVID-19. This initiative is expected to facilitate further expansion where cash payment demand is rising.

Uber Technologies (NYSE: UBER) announced that CEO Dara Khosrowshahi will deliver a keynote at the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 18, 2020. The keynote is scheduled for 12:30 pm ET (9:30 am PT). A live webcast will be accessible via the investor relations section of Uber's website.

Since its inception in 2010, Uber has aimed to provide access to rides with the touch of a button and has completed over 15 billion trips.

Uber Technologies will host its Q3 2020 earnings conference call on November 5, 2020, at 1:30 p.m. PT (4:30 p.m. ET). Investors can access the live webcast and related financial materials on Uber's Investor Relations website. The call will be available for replay for at least 90 days. Uber emphasizes its commitment to disclosing material nonpublic information through its Investor Relations platform, following Regulation FD guidelines. The company's mission remains to create opportunity through movement, facilitating over 15 billion trips globally.