Uber Technologies Stock Price, News & Analysis

Uber and Lyft have launched the Industry Sharing Safety Program, aiming to enhance safety in the ridesharing sector by sharing deactivation information related to serious safety incidents, including sexual and physical assaults. Administered by HireRight, the program will collect and manage data from participating companies, ensuring adherence to safety standards and privacy measures. Open to other transportation services, the initiative seeks to create a safer community and improve driver screening processes. Industry leaders, including Tony West from Uber and Jennifer Brandenburger from Lyft, endorse the collaborative effort.

Uber Technologies, announced that Andrew Macdonald, Senior Vice President of Mobility, will engage in a fireside chat at the Truist Technology, Internet, and Services Summit on March 10, 2021. The event is scheduled for 10:30 am ET (7:30 am PT). A live webcast will be accessible through the Uber investor relations webpage.

Uber, founded in 2010, aims to create opportunities through efficient movement, having facilitated over 15 billion trips.

Uber Technologies today announced that its CFO, Nelson Chai, will deliver a keynote at the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 9, 2021, at 9:00 am ET. The event will be accessible via a live webcast on Uber's investor relations website.

Uber, since its inception in 2010, has facilitated over 15 billion trips, aiming to revolutionize urban mobility and create opportunity through movement.

On March 1, 2021, RideKleen and Uber Technologies announced an expansion of their vehicle sanitization and maintenance program, following a successful pilot in Atlanta and Phoenix. The collaboration enhances safety for Uber drivers, riders, and vehicles by offering services in 12 new markets, including major cities like Orlando, Baltimore, and Los Angeles. Uber drivers can access sanitization and maintenance services through RideKleen, designed to ensure vehicle safety. Notably, 90% of surveyed drivers felt safer after using these services.

PayPal (NASDAQ: PYPL) has partnered with Uber (NYSE: UBER) to facilitate access to COVID-19 vaccines by providing free or discounted rides to vaccination sites in the U.S. The initiative, which follows Uber's previous commitment to offer 10 million rides, includes a $5 million donation from PayPal to enhance transportation access. This collaboration, supported by various organizations, aims to address transportation barriers in underserved communities and is part of PayPal's broader commitment to support minority and women-owned businesses, including a $535 million investment.

Uber Technologies (NYSE: UBER) announced that CEO Dara Khosrowshahi will deliver a keynote address at the 2021 Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 2:00 PM ET (11:00 AM PT). A live webcast will be available for viewing on Uber's investor relations page at investor.uber.com. Since its launch in 2010, Uber has provided over 15 billion trips, striving to enhance mobility and accessibility in cities.

Uber Technologies reported financial results for Q4 and full-year 2020, noting a 16% decline in revenue year-over-year to $11.1 billion. Gross bookings of $57.9 billion fell 11% YoY, with Mobility down 50% YoY but Delivery surged 130% YoY. A net loss of $968 million was recorded, attributed partly to $236 million in stock-based compensation. Monthly Active Platform Consumers rose 19% QoQ to 93 million. The company aims for improved profitability in 2021, supported by strategic acquisitions, including Postmates and Drizly.

Walgreens and Uber Technologies, Inc. (NYSE: UBER) have partnered to enhance access to COVID-19 vaccines for underserved communities. This collaboration aims to tackle barriers to health equity, including education and transportation. Key initiatives include providing free transportation to vaccine sites, facilitating ride scheduling through Uber, and launching educational programs to combat vaccine hesitancy. Uber has committed to offering up to 10 million free or discounted rides, while Walgreens expands its services in socially vulnerable areas. This partnership seeks to ensure equitable vaccine distribution as availability increases.

Uber Technologies announced its Eat Local campaign, committing $20 million to support independent restaurants during COVID-19 challenges. This initiative includes $4.5 million in microgrants for financially struggling restaurants, waived fees for Uber Eats services, and reduced delivery fees for consumers. Additionally, the company will match consumer contributions to restaurants. The aim is to bolster local businesses as they face unprecedented difficulties, particularly during winter. Uber’s continued financial support underscores its dedication to partner success.