Tag Archives: Uber

MOSCOW, December 21. /TASS/. Yandex has closed the deal of buying out the Uber stake in Yandex food, online store, delivery, and self-driving services totaling $1 bln, the press service of the Russian technology company told TASS. “Yandex has closed the deal of buying out the Uber stake in Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and the self-driving service” the company said. Yandex and Uber will continue joint development of taxi ordering, car-sharing, and kick scooter hire services,… Source link

Office-building owners and small businesses near such properties are bracing for another letdown in January, as the latest Covid-19 variant threatens to interfere with widespread company plans to return to the workplace. Before the Omicron variant surfaced overseas last month, employers throughout the U.S. were preparing to call back employees to the office after the holidays. Now, a small but rising number of companies have modified or delayed plans as uncertainties swirl over the severity… Source link

For companies whose employees are still toiling from their couches at home, the question of when to bring their full workforces back to the office has become even trickier. In a pandemic when many decisions have hinged on risk tolerance, the coronavirus’s new omicron variant has complicated the process of calculating those hazards. Major corporations that had planned to shepherd all their employees back into offices in early 2022 now have to decide whether those dates make sense in light of… Source link

  The Ridesharing is expected to grow at a CAGR of 6.2 % and is poised to reach $XX Billion by 2027 as compared to $XX Billion in 2020 The newly added Ridesharing research report by the team of experts and industry specialists contains a wide scope of subjects and guidelines, including manufacturing assessment elements, market trends and patterns, core capabilities in the competitive landscapes, competitive growth potentials, market earnings, company outcomes, and consequences, global… Source link

New Jersey, United States,- A recent market research report added to the repository of Verified Market Reports is an in-depth analysis of the Ride Hailing Market. On the basis of historic growth analysis and the current scenario of the Ride Hailing marketplace, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve… Source link

A new Bank of America (BAC) Global Research report found a rising supply of Uber (UBER) drivers was the main driver of the company’s first profitable quarter. “We see Uber as the top Internet stock in our coverage universe for Urban reopening and improving labor conditions and think multiple expansion is possible on market share gains,” BofA analyst Justin Post wrote in the report released Monday. The report noted that a higher-than-expected mobility take rate, which measures how much… Source link

Uber is set to sell its ownership stake in a handful of joint ventures with Russian Internet giant Yandex. According to a release from Yandex, Uber’s board approved the sale of shares in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. Uber is set to sell 33.5-percent stake in the grocery delivery service, the hyper-local convenience delivery program the company’s last-mile logistics solution respectively. Uber will also sell its 18.2 percent stake in the Yandex Self-Driving Group… Source link

2 September 2021

  Uber (UBER) is selling its equity stake in the two joint ventures it created with Yandex to Yandex for possibly around $2.8 billion in cash, which is above the $1 billion carrying value that Uber reported at the end of the second quarter. While this transaction will improve the firm’s liquidity position, it will not impact our $69 fair value estimate of this narrow-moat and 4-star stock. Uber will receive $1 billion by the end of this year for all its holding in an autonomous joint… Source link

Today in restaurant and grocery tech news, FreshDirect adds 250 SKUs of parent company Ahold Delhaize’s private label brands, and Russian food delivery company Yandex purchases a stake in Uber in a $1 billion deal. Plus, Nat Trienens, founder and CEO of digital ordering solutions provider Koala, discusses the delta variant’s effect on restaurant ordering habits. FreshDirect Woos Shoppers with Major Private Label Expansion, Lower Prices In a move to attract cost-conscious consumers with… Source link