Uber Technologies, Inc. (NYSE: UBER ) has delivered handsome returns since my investment in the company in early 2020. The company has faced several roadblocks along the way, including regulatory challenges in the UK and U.S., disputes with drivers, and competitiveDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seekin ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Ride-hail giant Uber and Chinese autonomous vehicle technology company WeRide have launched a commercial robotaxi service in Abu Dhabi. The launch marks Uber's first international autonomous vehicle offering. Uber has been snatching up partnerships with autonomous vehicle companies across sectors, including ride-hail, delivery, and trucking. Other partners include Wayve, Serve Robotics, Aurora Innovation, Waabi, and others. Still, investors are wary that incumbents like Uber won't be able to compete with th ...

Key Takeaways Google's Waymo said it would train its self-driving taxis on Miami streets in 2025 as it prepares to offer service to customers in 2026. Shares of ride-hailing providers Uber and Lyft declined as investors considered the risks presented by driverless taxi services. The news comes as investors anticipate the expansion of self-driving technology, with Tesla also working to develop driverless, ride-hailing technology. Google said it is bringing its Waymo self-driving taxis to Miami, news that sen ...

Autonomous competition may be creeping. Shares of Uber Technologies (UBER -9.60%) fell 9.6% in today's trading. At first it may seem odd for Uber to be falling, as the company didn't make any major announcements today. However, a possible future competitor did, with big potential long-term implications. Waymo is coming to Miami On Thursday, autonomous ride-hailing company Waymo, which is majority owned by Alphabet (GOOG -1.01%) (GOOGL -0.99%) , announced it would be expanding to Miami in 2025, with the goal ...

Core Viewpoint - The California Public Utilities Commission (CPUC) has mandated that ride-hail companies, including Uber, must require fingerprint background checks for drivers transporting unaccompanied minors, which poses a challenge for Uber's recently launched service for teens [1][4][8]. Regulatory Changes - The CPUC ruling requires transport companies to pay for fingerprint background checks for drivers carrying unaccompanied minors [1][11]. - Companies must also provide information on live trip tracking, safety procedures, and driver training specifically for transporting minors [10]. Uber's Position - Uber has historically opposed fingerprint-based background checks, arguing that its name-based checks are sufficient and that such requirements could deter drivers from joining the platform [2][6]. - The company claims that less than 10% of its rides involve unaccompanied minors and emphasizes its safety features, including live trip tracking [4][6]. Industry Impact - The ruling is seen as unfavorable for Uber but beneficial for competitors like HopSkipDrive, which already implements fingerprint checks and has a dedicated safety protocol for transporting children [8][9]. - HopSkipDrive's model includes a 15-point certification for drivers, contrasting with Uber's current practices [9]. Financial Implications - Uber has expressed concerns that the cost of fingerprint checks could lead to price increases for its Uber for Teens service, similar to how it has passed costs onto customers in the past [12][13]. - The CPUC noted that if smaller companies like HopSkipDrive can absorb these costs, larger companies like Uber should be able to do so as well [13].

Uber Technologies (UBER) has been benefiting from the fact that its ride-sharing and delivery platforms are gaining popularity. Upbeat gross bookings in both segments have been driving growth. UBER's diversification- related efforts are also commendable. Let us delve deeper to unearth the factors working in favor of this Zacks Rank #2 (Buy) company. UBER's Northward Earnings Estimates: In the past 60 days, the Zacks Consensus Estimate for current and next-year earnings has been revised upward by 76.7% and 1 ...

NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), the world’s first publicly traded Robotaxi company and a global leader in the autonomous driving industry, today announced its unaudited results for the third quarter and nine months ended September 30, 2024. Recent Highlights After the successful listing on Nasdaq, the Company continued to make progress towards its long-term strategic objectives in the development of autonomous driving technologies and appli ...

Autonomous driving could be a significant tailwind for this ride-hailing company.Uber Technologies (UBER 0.08%) operates the world's largest ride-hailing platform, but it's also home to its food delivery service, and the Uber Freight commercial logistics network.Uber's stock price is currently down 8% from its all-time high, which was set just last month, and Donald Trump's recent election victory might be a key reason. However, that could turn into the biggest financial opportunity in the company's history ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Uber has 1,500 women drivers working in Paris. Two rival ride-hailing platforms announced on Thursday options allowing Parisian women to order a car driven by a female driver in a bid to ensure "greater safety" for its customers. The "Uber by Women" option, available from Thursday, comes at no extra cost but with potentially l ...