---

Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

---

Uber

🌎 uber.com

Uber is a global platform providing ride-hailing, courier services, food delivery, and freight transport. They focus on empowering people to go anywhere, get anything, and earn their way with a relentless pursuit of reimagining movement.

---

Uber - Latest News and Updates

• Uber's stock fell over 7% after third-quarter gross bookings of $40.97 billion missed estimates despite earnings and sales beating expectations.
• Uber's shares dropped nearly 8% after forecasting fourth-quarter gross bookings below Wall Street estimates, despite a 26.4% growth in mobility business bookings and a third-quarter revenue of $11.19 billion.
• Uber's stock dropped after reporting mixed third-quarter results with gross bookings slightly below expectations, despite CEO Dara Khosrowshahi expressing optimism about the US market.
• The National Commercial Bank froze 300 accounts due to suspicious activities involving Uber transactions, with some accounts showing unusual patterns like 700 rides in a month.
• Uber Eats now accepts SNAP EBT payments for grocery orders at major retailers like Albertsons and Walgreens, powered by Forage, to increase food accessibility across the U.S.

• Uber for Business launched Business Exec in the UK on October 29, 2024, offering UK business travelers a new booking option with extended driver wait times and dedicated phone support.
• Rakesh Ravindran has left Uber as an Engineering Manager to join MongoDB as a Director of Engineering in the United States.
• Denis B. has joined Uber as Head of Growth and Marketing Engineering, previously serving as Head of Engineering, Marketing Technology at Walmart eCommerce in the United States.
• Uber's Uber One membership program grew 78% year over year to over 25 million members, and the company reported over $1 billion in GAAP operating income for the first time, as it focuses on expanding beyond major cities.
• Uber collaborated with Cartwheel to showcase how their Hybrid Delivery technology enhances pizza delivery experiences, featuring a successful case with Mr. Jim’s Pizza.

---

Sign up to receive regular updates

If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.