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Uber Freight Continues To Grow Network, But Losses Widen
Tuesday, November 5, 2019 - 9:53am | 864Uber Technologies, Inc. (NYSE: UBER) reported a net loss of $1.16 billion in the third quarter of 2019, ahead of the consensus expectation calling for a $1.5 billion loss. Excluding stock-based compensation expense, the loss was $761 million, better than the company's second-quarter loss of...
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IPO Outlook For The Week: Uber (And 11 Others)
Saturday, May 4, 2019 - 5:25pm | 835For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud. The IPO dates below are expected but not confirmed. Milestone Pharmaceuticals Inc. (MIST) will issue 5 million shares between $14 and $16 Wednesday on the Nasdaq. The offering represents 21.6 percent of outstanding...
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Twilio Bears Lick Their Wounds After Q2 Beat And Raise
Tuesday, August 8, 2017 - 9:48am | 389Twilio Inc (NYSE: TWLO) easily beat second-quarter expectations with a 55.4 percent surge in revenues, sending the stock up more than 12 percent in pre-market trading. Twilio, a cloud communications platform that lets software developers make and receive phone calls, shook off the loss of some...
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The Future Of Uber Could Be Beer Runs
Tuesday, October 25, 2016 - 8:40am | 315Uber Technologies teamed up with Anheuser-Busch InBev SA NV (ADR) (NYSE: BUD) to deliver its beer products to vendors...in a self-driving truck. According to Bloomberg, the partnership between the two companies marks the first time ever a self-driving truck is being used for commercial...
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Uber's CEO Compares An IPO To High School Prom
Thursday, October 20, 2016 - 10:16am | 371Travis Kalanick, the CEO of Uber Technologies, is asked quite often when the company will file for an initial public offering. According to Bloomberg, he now has a go-to metaphor to explain that it likely will happen — just not as soon as many hope. According to Bloomberg, Kalanick said at a...
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Hertz Just Locked Down Rental Deal With Both Uber And Lyft
Thursday, June 30, 2016 - 8:43am | 434Shares of Hertz Global Holdings Inc (NYSE: HTZ) surged higher by more than 7 percent early Thursday morning after the company announced it has reached a rental deal with both Uber Technologies and Lyft — the two most popular ride sharing platform. Hertz announced in a press release it reached...