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Uber Eats

Jack Daleo Tuesday, September 21, 2021

Uber eyes positive Q3 EBITDA, shares close up 11.5%

In some big news for the rideshare giant, Uber on Tuesday revised its Q3 2021 outlook and now expects earnings before interest, taxes, depreciation and amortization to be positive as early as this quarter. Shares of the company’s stock ended the day up about 11.5% on the news. In an SEC filing, Uber (NYSE: UBER) […]

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Noi Mahoney Tuesday, December 15, 2020

Uber acquires Mexican grocery delivery service

Uber’s (NYSE: UBER) acquisition of Mexican grocery delivery startup Cornershop was approved on Monday by Mexico’s Federal Commission of Economic Competition (COFECE). The approval from COFECE was the last part of the acquisition. Terms of the deal, which gives Uber a majority stake in the company, were not disclosed. The acquisition furthers the expansion of […]

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