Uber Eats

A leading ride-share company has ventured into the delivery of food and other goods. News from the company shows Uber Technologies Inc (NYSE: UBER) is ready to help with the holidays in a new business venture. What Happened: Uber announced the launch of “The Holiday Shop” via its...

The gig economy is slowly but steadily becoming a nationwide battleground. Uber and Lyft, two of the industry's power players, made headlines last month when a number of their drivers across the country took to the streets in protest, bringing national attention to what the protesters consider low...

Alibaba Group Holding Limited (NYSE: BABA)-backed Indian food delivery startup Zomato Ltd made a strong debut on the stock market Friday, with its shares opening nearly 53% higher. What Happened: Zomato’s shares opened at INR 116 ($1.57) per share on the National Stock Exchange of India...

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 44.1%. But there is no question some big-name stocks performed better than others along the way. Uber’s Road: One...

Food delivery was a rare place of major activity in a year shaped by the global pandemic, with stay-in-place orders helping fuel demand for at-home dining. Consolidation has been a major trend among these companies in an effort to capture additional market share and serve more geographies. With...

Uber Eats (NYSE: UBER) will enter the German market in the next few weeks, going head-to-head with Just Eat Takeway.com in that country for the first time. The CEOs of both firms are now trading barbs on Twitter. The news was first reported by the Financial Times. "Europe, in particular, has been...

Uber Technologies Inc's (NYSE: UBER) food delivery business Uber Eats has grown to become roughly "the same size" as the company's core ride-hailing business, former Uber Senior Vice President Emil Michael told Fox Business. What Happened: Uber's earnings report showed...

While mobility continued to decline in the fourth quarter for Uber Technologies Inc (NYSE: UBER), strength was shown in the company’s delivery business. Analysts are out with comments and reactions to the fourth-quarter earnings, as well as thoughts about what’s next. The Uber...

Uber Technologies Inc. (NYSE: UBER) is expanding its scope with the acquisition of Drizly, an on-demand alcohol marketplace. Uber will pay approximately $1.1 billion in stock and cash, the company announced Tuesday. Uber said Drizly's marketplace will be integrated with the Uber Eats app. The...

Notorious short seller Citron Research is out with a report questioning the large valuation given to DoorDash Inc (NYSE: DASH) from its recent IPO. Citron On DoorDash: Citron calls DoorDash the "most ridiculous IPO of 2020" and assigns a $40 price target in a new report. “There is...

Food delivery leader DoorDash (NASDAQ: DASH) hit the public market with its highly anticipated IPO Wednesday. A small cap food delivery company traded higher in sympathy and could be a cheaper option to consider. DoorDash IPO: DoorDash shares opened for trading at $182 a share,...

CNBC's Jim Cramer shared his thoughts Wednesday morning on the DoorDash (NYSE: DASH) IPO. Cramer on DoorDash: “There is an interesting duopoly developing between DoorDash and Uber Eats,” Cramer said. He referred to DoorDash having around 50% market share and Uber...

The highly anticipated debuts of Airbnb and DoorDash are among the seven IPOs markets could see this coming week. Airbnb: Vacation rental company Airbnb is scheduled to go public on Thursday, Dec. 10 under the Nasdaq ticker symbol ABNB. The company plans to sell 51.9 million shares at a price...

DoorDash filed its IPO prospectus Friday morning. Here is an early look at the figures and information from the company, which is expected to IPO before the end of the year with the symbol DASH. DoorDash was valued at $16 billion in an early funding round in 2020. The company raised $400 million in...

Lyft Inc (NASDAQ: LYFT) Co-Founder and President John Zimmer joined Andrew Sorkin on CNBC’s “Squawk Box” Wednesday morning to discuss the company’s third-quarter earnings. Zimmer on Earnings: Lyft reported third-quarter revenue of $499.7 million, which beat the Street...