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A wrongful death lawsuit has been filed against Uber Technologies, Inc. (NYSE:UBER) and a contracted driver following a fatal incident linked to an Uber Eats delivery. The suit alleges negligence, gross negligence, and wrongful death in connection with the delivery trip. The case raises fresh questions about Uber's oversight of gig workers and its responsibility for incidents that occur during app based services. Uber Technologies runs ride hailing, food delivery, and other app based...
Uber Technologies (UBER) closed the most recent trading day at $70.37, moving 1.17% from the previous trading session.
Stellantis is selling its car-sharing business Free2Move to a German private equity firm as part of a plan to boost profitability.
Lyft Inc. (NASDAQ:LYFT) reportedly faces multi-billion-dollar liabilities from its legal challenges due to alleged sexual assault claims, according to short-seller Bleecker Street Research, which announced that it was shorting the ride-hailing company. Lyft Faces Thousands of Cases According to the short-seller’s research report released on Thursday, Lyft faces an estimated $1.3 billion to $2.7 billion in potential exposure stemming from consolidated rideshare sexual assault litigation. Bleecker
Uber just cut a chunk of its customer service workforce in the name of AI efficiency, and it is far from alone. The real question is whether these scattered layoffs signal the early edge of a wave that could reshape employment across entire industries.
Company links layoffs to AI efficiency for the first time while continuing to hire for robotaxi engineering roles.
Company targets customer service costs after slowing hiring
(Bloomberg) -- Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to
(Bloomberg) -- Lucid Group Inc., the electric-vehicle maker, said it isn’t considering a bankruptcy, and so far, the market believes it.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free Entry for Indian TouristsThe Saudi-backed company i
Lucid stock cratered 50% before staging a dramatic intraday reversal, but with a 31% Polymarket bankruptcy probability still lingering after the denial, traders are left wondering whether Wednesday's relief rally is a genuine turning point or just a dead cat bounce.
Gravity SUV production issues have hurt sales. The luxury EV maker slashed losses after denying denied a report that it's mulling bankruptcy.
Lucid stock collapsed by half in a single afternoon after reports surfaced that the EV maker hired turnaround specialists to weigh options that range from going private to a potential court filing, and now shareholders are left waiting to find out which path the Saudi-backed automaker actually chooses.
Uber Technologies (NYSE:UBER) has introduced new contract provisions that require plaintiffs to disclose third party litigation funding arrangements in lawsuits against the company. At the same time, rideshare drivers are organizing protests in response to rapid automation efforts and reports of AI driven pay cuts. These developments are reshaping Uber's legal posture and raising fresh questions about the future role of human drivers on the platform. Uber Technologies sits at the center of...
The EV maker sold into a 19% rally, straight from the Tesla playbook, which might be the most bullish thing about it
Uber Technologies stock reacts to index reshuffle Uber Technologies (UBER) has just been added to several Russell value benchmarks, including the Russell 1000 Value and Russell Top 200 Value, while being removed from the Russell Top 50 Index. This reshuffle links Uber more directly to value oriented index funds and ETFs. For investors, the key questions are how this changes potential flows around the stock and what it suggests about how the market is classifying Uber today. See our latest...
On July 6, 2026, the ride-hailing super-app's stock dropped 1.28% after Dara Khosrowshahi stepped down from its board.
In late June 2026, Lucid Group announced an 18% reduction of its U.S. workforce, eliminated the second production shift at its AMP-1 factory, and removed the Chief Operating Officer role, aiming to streamline operations and cut about US$158 million in annual costs while incurring roughly US$32 million in severance and related charges. These moves, combined with Lucid’s reclassification into several Russell small-cap and growth indexes, highlight a company in transition as it realigns...
According to a Bloomberg report, Uber’s senior director of engineering, Naga Kasu, and the director of product at Uber AI Solutions, Pankaj Kamat, left the company recently.
Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...
Waymo’s autonomous vehicles are no longer available on Uber’s app in the Phoenix area, ending a nearly three-year pilot partnership that launched in late 2023, TechCrunch reported on Monday.
The latest trading day saw Uber Technologies (UBER) settling at $69.67, representing a -2.46% change from its previous close.
Shareholders have filed a new lawsuit against Uber Technologies (NYSE:UBER) targeting the company’s board and senior management. The claim argues Uber is a “serial compliance offender” that put growth ahead of rider safety and regulatory obligations. Investors are seeking financial accountability from leaders, stronger board oversight, and tighter safety and compliance controls. Uber Technologies operates a global ride hailing and delivery platform, placing it at the center of ongoing...
Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said board members ignored repeated internal and external warnings about Uber's alleged failure to address sexual abuse by drivers. Shareholders said oversight failures were also a factor in lawsuits filed last year by the federal government, which accused Uber of routinely refusing to serve disabled passengers, including people with service animals or stowable wheelchairs, and engaging in deceptive billing and cancellation practices.
Sezzle Inc. (NASDAQ:SEZL) features on the list of tech stocks to sell according to billionaires. Billionaire stake declined from roughly $34.12 million in Q4 2025 to $14.04 million in Q1 2026, a decrease of about $20.07 million. Yet while billionaire investors were cutting their stakes, Sezzle Inc. (NASDAQ:SEZL)’s stock has rallied nearly 130% year-to-date, with […]
Uber Technologies, Inc. (NYSE: UBER) is one of the best falling stocks to invest in, according to analysts. On June 17, Uber Technologies, Inc. (NYSE:UBER) and its strategic partner Lucid announced Houston as the second market for the planned expansion of their autonomous ride-hailing service. The launch of the robotaxi service in Texas is slated […]
Rivian shares extend gains as the company announces new round of layoffs. Here’s why these job cuts aren’t bearish for RIVN stock.
Uber Technologies (NYSE:UBER) has filed a lawsuit against New York City to block enforcement of a new law that limits when it can deactivate drivers. The company argues the law threatens rider safety and violates its constitutional rights. The case centers on how much control ride hailing platforms can retain over driver access to their apps. For investors watching NYSE:UBER, this dispute goes to the core of how the company runs its ride hailing marketplace. Uber operates a global platform...