Uber Technologies (UBER) Outpaces Stock Market Gains: What You Should Know

Uber Technologies (UBER) closed the most recent trading day at $30.68, moving +0.82% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.45%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.52%.

Heading into today, shares of the ride-hailing company had lost 17.2% over the past month, lagging the Computer and Technology sector's gain of 5.91% and the S&P 500's gain of 2.08% in that time.

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TLC Education

The TLC’s Driver Education Team wants to hear from you! Last year, the TLC overhauled the driver training curriculum to better prepare new drivers in the daily operations of for hire driving. We are now turning our focus to experienced drivers. What training resources can help you work smarter and safer? Some drivers have told us they want to know how to navigate the city better, so they do not have to rely on their phone to map the way. Others want to be better prepared to assist passengers with disabilities because it’s been a while since they took the training. We have also heard from drivers who want to practice chatting with passengers, so they can improve their tips. Let us know what would help you by sending your suggestions to education@tlc.nyc.gov.

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Company eyes deal with Postmates as Covid-19 surge dims hopes for near-term recovery in rides business

The ride-hailing company has been trying to expand its food-delivery business to compensate for the collapse of its main business.

SAN FRANCISCO — Uber has made a takeover offer to buy Postmates, the upstart delivery service, according to three people familiar with the matter, as the on-demand food delivery market consolidates and Uber looks for new ways to make money.

The two companies could reach a deal as early as Monday evening, according to the people, who spoke on the condition of anonymity because they were not authorized to do so publicly. The talks are still going on, the people cautioned, and any potential for a deal could fall apart.

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Uber Under Pressure to Beef Up Food Delivery

Company eyes deal with Postmates as Covid-19 surge dims hopes for near-term recovery in rides business

Uber Technologies Inc. needs a win.

After a failed bid for Grubhub Inc., the ride-hailing giant is trying to buy much smaller food-delivery company Postmates Inc. as it seeks surer footing in the era of Covid-19.

The San Francisco-based company needs to get stronger in the competitive world of food delivery as the pandemic has crushed its...

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Uber and Lyft say regulator can’t make drivers employees

Uber and Lyft may be headed for a showdown with the California agency that regulates them.

The San Francisco ride-hailing companies, along with two smaller ride service for children called HopSkipDrive and Zum, on Tuesday filled papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees. 

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