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Uber

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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Brian Aoaeh Thursday, May 28, 2020

Commentary: Digital freight brokers face a moment of truth

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  News reports that Uber is re-evaluating non-core units like Uber Freight did not take me by surprise.  To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like […]

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Corrie White Tuesday, August 20, 2019

Is Uber’s “forward looking” too hazy for investors?

Since Uber went public in May 2019, journalists and analysts have sharpened their skepticism regarding the viability of the company’s sweeping ambition and future-reliant success. A 23 percent drop in the company’s stock shares (as of August 19) and its second quarter loss of $5 billion, mostly due to stock-based compensation, cause investors to wonder […]

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