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Uber's latest effort to become a super app is all about parking
MarketWatch· 2026-02-23 23:03
Uber's latest effort to become a super app is all about parking - MarketWatch# Uber's latest effort to become a super app is all about parking## Uber is buying the parking-reservations app SpotHero, as ride and delivery apps try to keep users engaged amid the rise of self-driving carsPublished: Feb. 23, 2026 at 6:03 p.m. ETShareResizeUber on Monday said it would buy parking-reservations app SpotHero. Photo: Getty ImagesAfter expanding into areas like food delivery and freight, ride-share platform Uber, in i ...
Uber to Acquire Parking App SpotHero.
WSJ· 2026-02-23 21:58
Uber said it plans to focus on parking for commuters, as well as at events, venues and airports. ...
Uber acquiring parking app SpotHero
CNBC· 2026-02-23 21:47
Uber on Monday announced that it is acquiring SpotHero, a company that provides a parking reservation app. The rideshare company did not provide a deal price, but Uber said it plans to offer a "parking reservation experience, powered by SpotHero" within its own app to help users find parking for events, venues and airports. "For the moments when people do choose to drive, SpotHero on the Uber app will make the experience easier than ever, and bring more people into the Uber ecosystem," Uber CEO Dara Khosrow ...
Uber's new autonomous vehicle division is about survival and opportunity
TechCrunch· 2026-02-23 19:54
Core Insights - Uber has launched a new division called Uber Autonomous Solutions to manage all aspects of operating autonomous vehicles, including software and support services [1] - The company has formed partnerships with nearly two dozen autonomous vehicle technology firms, covering various applications from robotaxis to delivery robots [2] - Uber aims to make itself indispensable to these partners by providing operational support, allowing them to focus on software development [3] Partnerships and Investments - Uber has invested in companies like Lucid, Nuro, Waabi, and WeRide, and has allocated $100 million for building fast-charging stations for autonomous vehicles [2] - The company has established a shared robotaxi service with Waymo in Atlanta and Austin, and has partnerships with Chinese firms such as Baidu and Pony.ai [9] Operational Goals - The initiative aims to reduce costs per mile for partners and accelerate the deployment of robotaxis to over 15 cities by the end of the year [4] - Uber plans to handle infrastructure needs such as training data, mapping, fleet financing, and regulatory services [7] User Experience and Fleet Management - The new division will also focus on enhancing user experience, including customer support and fleet management, which involves remote assistance and insurance [8] - Uber's approach to fleet management is particularly relevant given recent scrutiny over labor practices in the autonomous vehicle sector [8] Strategic Context - The launch of this division follows Uber's sale of its in-house AV development unit, Uber ATG, in 2020, which was a response to internal challenges and external pressures [9] - The new division is seen as a way for Uber to protect its business model against potential revenue loss from the rise of autonomous vehicles [10]
Uber Debuts New Services for Autonomous Vehicle Partners
PYMNTS.com· 2026-02-23 19:46
Uber has debuted Autonomous Solutions, a suite of services and capabilities designed for autonomous vehicles.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.These capabilities have already begun helping partners bu ...
软件和支付类股下跌 此前Citrini就人工智能风险发文
Xin Lang Cai Jing· 2026-02-23 16:14
来源:滚动播报 DoorDash和美国运通周一分别领跌软件股和支付类股,此前Citrini Research发文详述了人工智能可能对 市场和全球经济产生影响的假设性情境。文章称:"本文的唯一目的在于模拟一个相对而言研究不足的 情境"。文章中提到的几家软件相关公司中,周一股价下跌的包括:DoorDash跌6.3%,优步跌3.8%, Salesforce跌5.3%,ServiceNow跌4.3%。其他提及的股票中下跌的包括:万事达跌3.65%,维萨跌3.0%, 美国运通跌7.5%,第一资本金融跌6.4%,阿波罗全球管理跌5.0%,黑石集团跌7.4%,KKR跌7.5%。 ...
Life360 Board Director Sells Nearly 8k Shares as Company Expands Partnership with Uber
The Motley Fool· 2026-02-22 23:49
Core Insights - Life360 has expanded its partnership with Uber, allowing users to link accounts for better coordination of rides, which is expected to enhance user experience and engagement [10] - The company has shown strong stock performance, with a 54% increase in 2025, despite a 27% decline in 2026 [8][11] - Life360 completed the acquisition of Nativo, aiming to leverage its resources for increased ad revenue and partnership opportunities [9] Transaction Summary - Charles J. Prober sold 7,930 shares for approximately $389,000 on February 13, 2026, following an option exercise [1][2] - Post-transaction, Prober holds 105,456 shares valued at $5.20 million based on the closing price on the same day [2] - The sale aligns with Prober's recent trading activity, reflecting a systematic disposition pattern [4] Company Overview - Life360 reported a total revenue of $459.03 million and a net income of $29.68 million for the trailing twelve months [6] - The company has 455 employees and has experienced a 5.61% price change over the past year as of February 22, 2026 [6] - The stock is currently trading at $50.66, with a market capitalization of $4.0 billion [4] Strategic Developments - Life360 plans to utilize Nativo's capabilities to enhance its advertising strategy, capitalizing on its user base of 50 million monthly users [9] - The integration with Uber is expected to roll out in the coming months, further solidifying Life360's position in the location-based services market [10] - The company specializes in location-based safety solutions, offering a suite of services for real-time tracking and digital security [12]
Record IPOs Are Back: Why Retail Investors May Be Walking Into A Trap
Yahoo Finance· 2026-02-22 16:32
WeWork never made it through the traditional IPO process in its original form. Once the governance structure and cash burn became transparent, enthusiasm collapsed. Narrative met structure. Structure prevailed. These were not isolated cases. They were reminders that private market optimism does not automatically translate into public market returns.Uber was one of the most anticipated offerings of its era. The story was enormous. The scale was undeniable. Yet years after its IPO, the stock traded below its ...
Uber's CEO Just Delivered Disappointing News for Tesla Stock Investors
The Motley Fool· 2026-02-22 16:30
Core Insights - The transportation industry is experiencing a significant shift towards autonomous vehicle (AV) technology, with electric vehicles gaining market share, primarily led by Tesla [1] - Investors may need to recalibrate their expectations for Tesla, especially in light of comments from competitors regarding the future of AVs [2] Group 1: Tesla - Tesla's current market cap stands at $1.5 trillion, with a price-to-earnings ratio of 382, indicating high investor expectations [8] - The company aims to launch a global robotaxi fleet to generate high-margin, recurring revenue, but faces numerous technical, regulatory, and safety challenges [6][7] - As of the end of last year, Tesla's robotaxis were operational in limited areas, suggesting that significant progress is still required to meet ambitious AV goals [7] Group 2: Uber - Uber is the leader in the ride-hailing market, boasting 202 million monthly active users and completing 3.8 billion trips in Q4 [4] - The CEO of Uber, Dara Khosrowshahi, predicts that by 2029, the company will be the largest facilitator of AV trips globally, although he cautions that AVs will remain a small part of the rideshare market for years [5] - Uber's partnerships and extensive user base provide a competitive advantage, allowing it to scale quickly in the AV space [9] - Khosrowshahi envisions a hybrid system of AVs and driver-enabled rides, which aligns with fluctuating demand and benefits Uber's business model [10]
Bill Ackman Bought Only 1 New Stock. Here’s Why the Billionaire is Bullish on Meta
Yahoo Finance· 2026-02-21 15:54
Core Viewpoint - Bill Ackman, through Pershing Square Capital Management, has made significant investments in Meta Platforms, indicating a bullish outlook on the company's future growth potential, particularly in the context of its advertising revenue and AI initiatives [4][5][6]. Investment Strategy - Ackman's investment strategy involves taking large, concentrated positions in high-quality businesses, often supported by deep research [2][3]. - In Q4, Ackman exited his position in Chipotle Mexican Grill and increased his stake in Amazon by approximately 65%, now holding about 9.6 million shares [3]. Meta Platforms Investment - Pershing Square acquired around 2.7 million shares of Meta Platforms, valued at approximately $1.8 billion, making it the fund's fifth-largest holding, accounting for about 11% of the total $15.5 billion portfolio [5][8]. - The investment in Meta was opportunistic, occurring after a significant drop in the stock price due to concerns over AI-related capital expenditures [5]. Financial Performance - Meta generated $200 billion in revenue in 2025, reflecting a 22% year-over-year growth, primarily driven by its Family of Apps segment [7][8]. - The Reality Labs division, which focuses on wearables and metaverse projects, incurs losses that account for about 25% of overall profits [7]. Advertising and AI Impact - Meta's AI-driven ad ranking system has proven to be highly effective, delivering four times more revenue impact compared to simply increasing ad load [8]. - The company is currently trading at 22 times forward earnings, indicating a valuation that reflects its growth potential [8].