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Uber Technologies, Inc. (UBER) develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services. The company operates through five segments: Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (ATG) and Other Technology Programs.
The Rides segment offers products that connect consumers with rides drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also provides Uber for Business, financial partnership services, and vehicle solutions offerings.
The Eats segments offering enables consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment.
The Other Bets segment provides access to rides through various modes, including dockless e-bikes and e-scooters; and other platform related services. The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011.
This stock reports earnings on Thursday, May 7th.
UBER should see negative earnings as a result of the stay at home orders due to COVID-19. It's competitior LYFT announced a massive layoff of employees, which seems to be the path for UBER as well.
Last traded at: $28.39
52-week trading range: $13.71 - 47.08
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