LOS ANGELES, April 24, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Uber Technologies, Inc. ("Uber" or "the Company") (NYSE: UBER) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Uber is the subject of an FTC lawsuit filed on April 21, 2025. Reuters reports ...

Core Viewpoint - Uber is set to report its quarterly financial results on May 7, which is expected to have significant implications for shareholders [1] Group 1 - The stock prices referenced were from the afternoon of April 20, 2025 [1] - The video discussing these results was published on April 22, 2025 [1]

Core Viewpoint - The investigation into Uber Technologies, Inc. is focused on potential securities fraud and unlawful business practices following a lawsuit filed by the Federal Trade Commission (FTC) alleging violations related to its subscription service [1][2]. Group 1: FTC Lawsuit - The FTC filed a lawsuit against Uber on April 21, 2025, alleging that the company violated the FTC Act and the Restore Online Shoppers' Confidence Act [2]. - The lawsuit claims that Uber's Uber One subscription service charged customers without their consent, failed to deliver promised savings, and made it difficult for users to cancel their subscriptions [2]. Group 2: Stock Market Reaction - Following the announcement of the FTC's lawsuit, Uber's stock price decreased by $2.23 per share, representing a decline of 3.08%, closing at $72.92 per share on April 21, 2025 [3]. Group 3: Legal Representation - Pomerantz LLP is investigating claims on behalf of Uber investors and is recognized for its expertise in corporate, securities, and antitrust class litigation [1][4]. - The firm has a long history of fighting for the rights of victims of securities fraud and has recovered numerous multimillion-dollar damages awards [4].

Group 1 - MMMT Wealth is founded by Oliver, a CPA with experience in private equity, hedge funds, and asset management, focusing on investment strategies and stock analysis [1] - The company started in 2023, with Oliver writing online about investment insights gathered from various sources, aiming for a 3-5 year investment horizon [1] - Oliver has 5 years of investing experience and 4 years as a CPA, emphasizing the importance of thorough research in identifying valuable businesses [1] Group 2 - The article expresses a beneficial long position in UBER shares, indicating a personal investment interest by the author [1]

Core Viewpoint - The Federal Trade Commission (FTC) has filed a lawsuit against Uber, alleging deceptive practices related to its Uber One subscription service, which has led to a decline in Uber's stock price amid broader market volatility [1][2]. Group 1: FTC Lawsuit Allegations - The FTC claims that Uber misled consumers about the benefits of the Uber One subscription and made it difficult to cancel, violating the Restore Online Shoppers' Confidence Act [2]. - Allegations include that users were unintentionally signed up for Uber One and faced challenges in canceling the subscription, with reports of navigating up to 23 screens and completing 32 actions to cancel [3]. Group 2: Uber's Response - Uber's spokesperson stated that the sign-up and cancellation processes for Uber One are clear and comply with legal standards, asserting that users are not charged without consent and cancellations can be completed in under 20 seconds [4]. Group 3: Market Implications - The lawsuit could lead to a slowdown in Uber's near-term results if deceptive practices are confirmed, and the company may face challenges in stock performance due to economic uncertainties linked to tariffs [5]. - Despite interest from investors like Bill Ackman, Uber's stock is considered risky and dependent on sustained double-digit growth, with potential long-term threats from autonomous robotaxis [4].

Uber Technologies Company OverviewZacks Rank #3 (Hold) stock Uber Technologies ((UBER) is the dominant player in the North American ride-sharing business. Beyond the United States, Uber has expanded its business into multiple worldwide areas, including Canada, Latin America, Europe, the Middle East, and Asia (excluding China). Through its mobile application and vast network of drivers, Uber offers various services to customers based on details like the number of riders, vehicle style, pets or no pets, and r ...

Core Viewpoint - The Federal Trade Commission (FTC) has filed a lawsuit against Uber, alleging unauthorized charges for its Uber One subscription service and failure to deliver promised savings, while making cancellation difficult for users [1][2][3]. Group 1: Allegations Against Uber - The FTC claims that Uber charged customers for its subscription service without consent and did not provide the promised savings of $25 per month [2]. - The lawsuit alleges that Uber obscured important information about the subscription, using small text that consumers might miss [3]. - Customers reportedly faced a complicated cancellation process, requiring navigation through up to 23 screens and 32 actions, including justifying their cancellation [3][4]. Group 2: Uber's Response - Uber has denied any wrongdoing, asserting that its sign-up and cancellation processes are clear and compliant with the law [6]. - The company claims that it no longer requires customers to contact support for cancellations within 48 hours of sign-up, allowing in-app cancellations [5][6]. - Uber's spokesperson expressed confidence that the courts will support their position, emphasizing that cancellations can now be completed in about 20 seconds [6]. Group 3: Regulatory Context - The lawsuit follows the FTC's push for easier cancellation processes for subscription services, culminating in the "click to cancel" rule set to take effect on May 14, 2024 [1]. - The FTC's investigation into Uber began last year, indicating a broader regulatory scrutiny of subscription practices in the industry [2]. Group 4: Uber One Membership - Uber One's membership base reached 30 million across 34 countries in 2024, with a year-over-year growth rate of approximately 60% [6]. - The company projected that membership fees for Uber One would exceed $1 billion in 2024 [6].

The Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service.The service costs $9.99 a month and offers discounts on fees associated with Uber’s ride hailing and food delivery apps.Uber falsely claimed that users would save about $25 a month through the service and deceived users about how easy it was to cancel, the FTC said in the lawsuit filed in San Francisco.Uber falsely claimed th ...

I am bullish on Uber (NYSE: UBER ) (NEOE: UBER:CA ) heading into the company's Q1 2025 reporting, as the ride-hailing and delivery giant is firing on all cylinders. The post-Q4 bearish whispers about pricing pressure in ride-hailing look overblown. InExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend ...

Group 1 - The company is recognized as the largest 'convenience' marketplace globally and has maintained a bullish outlook since coverage began [1] - A brief downgrade occurred last year, but the overall sentiment remains positive [1] Group 2 - The focus is on identifying high-yield investment opportunities for individual investors, leveraging a background in professional Prop Trading [1] - The analysis provided aims to simplify complex concepts and offer actionable advice for better returns [1]