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Didi: Privatization Report Is 'Not True'
Thursday, July 29, 2021 - 11:35am | 1234Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators. Citing "people familiar with the matter," the WSJ said the company was exploring the...
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5 SPACs To Watch In The Second Half Of 2021
Tuesday, June 29, 2021 - 8:30am | 902As the close of the first half of 2021 nears, investors have a chance to look at some companies that could have big moves in the second half of 2021. Here is a look at five SPACs to watch in the second half of 2021. Churchill Capital Corp IV: Electric vehicle company Lucid Motors is merging...
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Uber Says Food Delivery Business To Continue In California, Unaffected By Court Ruling
Tuesday, August 18, 2020 - 2:44am | 350Ride-hailing company Uber Technologies Inc (NYSE: UBER) will continue its food delivery service Uber Eats in California even if it's forced to shut down its primary business, according to a Reuters report Monday. What happened: An Uber spokesman confirmed that the Uber Eats business...
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Uber Turns In Big Revenue Beat, Says Era Of Growth At All Costs Is Over
Thursday, February 6, 2020 - 5:39pm | 476Uber Technologies, Inc. (NYSE: UBER) crushed expectations for fourth-quarter earnings, while losing less per share than expected. The ride-hailing pioneer on Thursday reported quarterly revenue of $6.069 billion, topping the analyst consensus estimate of $4.06 billion by nearly 50%....
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Apple Just Invested $1 Billion In Uber's Biggest Rival
Friday, May 13, 2016 - 8:33am | 497Apple Inc. (NASDAQ: AAPL) has invested $1 billion in Chinese ride-hailing service Didi Chuxing, dealing a severe blow to Uber's expansion efforts in the country. The investment from Apple, which joins Tencent Holdings Ltd (OTC: TCTZF) and Alibaba Group Holding Ltd (NYSE: BABA) in investing...