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...
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New York's new law limits how quickly ride-hailing companies can remove drivers
By Jonathan Stempel NEW YORK, June 11 (Reuters) - Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and
Members of the program, called "Waymo Premier," will have to pony up $29.99 per month.
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Huang continues with his bullish stance on AI.
Local Law 52 would require Uber to show just cause before removing drivers, and let thousands deactivated since 2019 seek reinstatement
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For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.
Uber Technologies, Inc. (NYSE:UBER) is widely held by hedge funds and is one of the best stocks to buy now for the next 3 months. Uber Technologies, Inc. (NYSE:UBER) is investing in robotaxis as it believes it is the future of convenience. On June 3, Reuters reported that Uber committed around $500 million in self-driving […]
New models and agentic AI tools are leading to more token usage, driving AI costs higher for enterprises.
The company is opening up its less-than-truckload service to all businesses, letting anyone reserve space by the pallet in its trucks.
At this point, any layoff news is not a surprise. And while the numbers often appear smaller in the company context, the impact on the people left to search for new jobs in this economy is significant. Despite the recent May jobs report, which said 172,000 new jobs were added, with over 90,000 ...
Alphabet Inc.-backed Waymo has reportedly acquired Apple Inc.‘s self-driving proving facility in Arizona for $220 million. Waymo Acquires Apple Facility On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from Delaware-based Route 14 Investment Partners LLC,...
(Updates with statement from Uber in fourth paragraph.) Uber Technologies (UBER) has sued New Yor
Uber Technologies (UBER) has sued New York City to block a new law that it says violates its constit
By Jonathan Stempel NEW YORK, June 10 (Reuters) - Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want
Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said the law against "wrongful deactivations" would improperly shield drivers who engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing "immediate and irreparable harm" by undermining the company's reputation and goodwill. It said the law violates its free-speech and due-process rights under the U.S. Constitution, as well as New York's state constitution.
Rivian (NASDAQ:RIVN) and Lucid (NASDAQ:LCID) just gave us two very different EV stories. Rivian’s Q1 FY26 showed a real business taking shape, with software pulling weight while the R2 launch begins. Lucid’s Q4 FY25 revealed an unfinished luxury bet still burning cash faster than it can sell cars. Software Saves Rivian. Luxury Still Costs Lucid ... Rivian vs Lucid: This EV Stock Is The Better Buy
Given Xpeng's considerable progress when it comes to technology, the valuation of XPEV stock appears to be very low.
Uber Technologies (NYSE:UBER) is launching commercial robotaxi pilots in Europe. Madrid will host a robotaxi service using WeRide vehicles on the Uber platform. Munich will see autonomous rides powered by Autobrains software and Nvidia hardware. Uber Technologies, trading at $70.38, is pushing deeper into autonomous ride hailing just as the stock has been under pressure, with the share price down 6.7% over the past month and down 15.1% year to date. Over a longer horizon, the stock is up...
By Mirko Miorelli and Inti Landauro ROME, June 10 (Reuters) - Ride-hailing app Bolt launched operations in Milan on Wednesday in the first stage of a push to shake up the Italian urban transport
Fresh off one of the hottest IPOs in years, Cerebras is winning over Wall Street as Wedbush bets the AI upstart's best days are still ahead.
Uber Technologies, Inc. (NYSE:UBER) is one of the best NYSE stocks to buy for long-term investment Reuters reported on June 1 that Uber Technologies, Inc. (NYSE:UBER) and Israel-based Autobrains announced on Monday plans to launch a robotaxi programme in Munich in collaboration with Nvidia. The collaboration marks a push to boost autonomous ride-hailing in Europe, and […]
With Uber AI Solutions now live in 30+ countries, the company's millions of drivers became its cheapest and most scalable data annotation workforce.
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