Welcome to our dedicated page for Uber Technologies news (Ticker: UBER), a resource for investors and traders seeking the latest updates and insights on Uber Technologies stock.
Uber Technologies, Inc. (NYSE: UBER) regularly issues news that reflects its role as a technology platform for mobility, delivery, and freight. Company updates often highlight how Uber is expanding the ways people, food, and things move through cities, in line with its mission to create opportunity through movement. These announcements provide insight into new partnerships, product offerings, and geographic initiatives across its apps.
Recent news underscores Uber’s activity in grocery and retail delivery. The company has announced the addition of nearly 2,700 Kroger Family of Companies locations to the Uber, Uber Eats, and Postmates apps, allowing customers to order groceries and household essentials for on-demand or same-day delivery. Other releases describe the expansion of Uber’s retail selection with regional and national partners, as well as the addition of brands such as PacSun, Camping World, and Lush to its delivery platform.
Uber’s news flow also covers developments in autonomous mobility and delivery. Press releases describe robotaxi collaborations with partners including Lucid, Nuro, WeRide, and Avride, featuring pilot and commercial services in locations such as Abu Dhabi, Dubai, and Dallas. Additional announcements detail autonomous delivery partnerships with Starship Technologies and Coco Robotics, which integrate sidewalk and urban delivery robots into the Uber Eats experience.
Investors and users following UBER news can expect coverage of quarterly earnings conference calls, segment and metric updates, new non-GAAP reporting measures, capital markets transactions, and expansions of Uber’s hybrid network of human drivers and autonomous vehicles in development. This news page aggregates these items so readers can review how Uber’s mobility, delivery, and freight activities evolve over time.
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.
Hims & Hers Health has launched its largest on-demand delivery partnership with Uber Technologies, allowing customers to order personal care products via the Uber Eats app in 12 major U.S. cities, including Los Angeles and Miami. This initiative is expected to enhance accessibility to various health and wellness products, including sexual wellness and skincare items. The partnership is described as a game-changer by Hims & Hers COO Melissa Baird, aiming for further expansions in the future.
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Uber Canada has partnered with Tokyo Smoke to launch an innovative online ordering system for cannabis in Ontario. Through the Uber Eats app, consumers can now easily order Tokyo Smoke's cannabis products and pick them up at physical stores. This initiative is a first for a delivery network company, aiming to enhance convenience and safety in cannabis purchasing. Orders are fulfilled within an hour, and protocols ensure compliance with age regulations. This collaboration is expected to combat the illegal market and improve road safety among cannabis consumers.
Uber Technologies has launched Uber One, a new membership program offering special pricing, priority service, and exclusive perks across rides and deliveries. For $9.99 monthly or $99.99 annually, members receive 5% discounts on eligible rides and delivery orders, $0 delivery fees on qualifying purchases, and access to premium support. A special promotion offers the annual plan at $49.99 until November 29. Uber One aims to enhance everyday experiences for customers while navigating daily services.
Uber Freight has acquired Transplace from TPG Capital for approximately $2.25 billion in an all-cash deal. This acquisition aims to integrate Uber Freight's network with Transplace's technology to create a leading logistics platform. The deal is partially financed by $550 million from Abu Dhabi Growth Fund, D1 Capital, and GCM Grosvenor. Together, they will manage $16 billion in freight and provide greater efficiencies and cost reductions for shippers and carriers across North America and Europe.