Uber Technologies Inc

Costco is expanding its same-day delivery network through new and broadened partnerships with DoorDash and Uber as it looks to grow e-commerce sales and compete with retailers like Walmart and Target. DoorDash announced that Costco members can now order groceries, dry goods, household essentials and other products through the DoorDash app for fast delivery from their local store, extending an existing relationship between the companies in Australia, New Zealand, Sweden, Iceland and Puerto Rico. Uber announced a major expansion of its Costco partnership to deliver products in 47 states, up from 17 states, with nearly 600 Costco locations now available on the Uber Eats app for on-demand and scheduled delivery. Costco is also available on Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain. The expansion of food and grocery delivery platforms into retail delivery underscores the rapid evolution of the parcel delivery market, where online sales now represent 16.5% of total retail sales and are growing at about 10% per year, according to the U.S. Census Bureau, while alternative carriers now make up about 8.5% of the parcel freight market, up from 2.6% of parcel volume in 2021, according to The Colography Group.

Delivery Hero's management and supervisory boards formally recommended on September 2, 2026, that shareholders accept Uber Technologies' takeover offer, moving the roughly $15 billion deal for the German food-delivery platform a step closer to completion. Under the agreement, Uber will pay €41.50 per share, implying an equity value of $14.8 billion, and Delivery Hero's second-largest shareholder, Prosus, has irrevocably committed to tender its 17% stake. The shareholder acceptance period runs until November 5. Uber already owned roughly 25% of Delivery Hero and expects the deal to increase non-GAAP EPS upon closing, with high-single-digit percentage accretion by the third year. The combined company would operate across 99 markets and generate $236 billion in pro forma gross bookings, though the transaction still requires regulatory approvals that could delay it or force concessions.

Uber Technologies Inc. and WeRide, together with AVOMO, have secured Spain's first national permit covering level 4 autonomous passenger vehicles, making Madrid the fourth city in the Uber-WeRide partnership. The permit was issued by Spain's Directorate General of Traffic and allows WeRide to test its GXR vehicles and conduct roadmapping throughout Madrid ahead of a commercial launch planned for year-end, starting with 20 vehicles each supervised by an in-car specialist in high-demand areas of Greater Madrid. The Uber-WeRide partnership plans to reach 15 cities globally by 2030, part of an Uber asset-light AV strategy that spans more than 30 partnerships, with Uber expecting to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years. That multi-partner bet is under strain: Uber and Waymo confirmed in late June that their Phoenix partnership had ended, Waymo is reportedly considering a broader exit, and the NHTSA is investigating Uber AV partner Avride after multiple crashes, while Tesla ramps up its own Cybercab fleet and Waymo has raised $16 billion to accelerate independent growth. Hedge fund ownership was broadly stable, with holders slipping from 153 at the end of Q1 2026 to 151 at the end of Q2 2026, and short interest stood at only 2.29% of float as of August 31, 2026.

Uber Technologies and Costco have significantly expanded their U.S. partnership, making Costco delivery through Uber Eats available to millions of additional customers across 47 states, up from 17 states previously. Nearly 600 Costco locations are now accessible through the Uber Eats platform, offering both on-demand and scheduled delivery of fresh produce, bulk groceries, household essentials and Costco-exclusive merchandise. As part of the expanded partnership, eligible Costco members can receive a 50% discount on an annual Uber One membership during the first year, followed by a 20% discount in subsequent years, while participating Costco stores and Costco.com will offer Uber and Uber Eats gift cards worth $100 for $79.99 for a limited period. Consumers can also purchase a Costco membership directly through Uber Eats for a limited time and receive 30% off their first eligible Costco order, and Uber One members can access delivery without Uber fees on eligible grocery and retail orders exceeding $60. The U.S. expansion builds on the companies' existing international relationship, with Costco also available through Uber Eats in Canada, Mexico, Japan, Taiwan, France and Spain.

Alphabet-backed robotaxi service Waymo has announced the expansion of its autonomous vehicles in Las Vegas, as well as a 2027 rollout of Waymo vehicles in Tokyo. In an official statement released on Monday, Waymo said it is rolling out its service in Las Vegas, where a majority of the fleet would comprise the Geely Automobile Holdings Ltd.-backed Zeekr's co-developed "Ojai" Robotaxis with Waymo's sixth-generation self-driving suite. Waymo says the service will be offered in an area spanning nearly 24 miles from Boulder Junction to Sahara Avenue and from Spring Valley to Winchester in Las Vegas, with plans to expand to other residents in the Clark County region. In a separate release, Waymo said it will be rolling out its unsupervised Robotaxis in Tokyo next year, contingent on securing regulatory approval from national and local authorities, as well as completing the ongoing validation of Waymo's technology. Waymo has partnered with taxi operator Nihon Kotsu as well as Japanese ride-hailing platform GO, and riders will be able to book rides in Tokyo via the Waymo app as well as the GO app once the service rolls out. Separately, Uber Technologies Inc. said it will expand and offer Robotaxis on its platform in Japan, with CEO Dara Khosrowshahi calling Japan a "terrific market" for the ride-hailing giant; Uber has signed an operational partnership with Japan's Hinomaru Kotsu Co. Ltd. to oversee fleet operations in Tokyo as the service eyes a late 2026 launch.

DoorDash, Instacart and Uber Eats have grown from restaurant-focused apps into the fulfillment backbone for thousands of U.S. retailers, turning stores themselves into same-day shipping warehouses rather than building new distribution centers as Amazon did. DoorDash, which launched grocery and convenience in mid-2020 and added home improvement in 2024, now serves 44 of the top 100 U.S. retailers, while Instacart connects more than 2,200 retail banners representing almost 100,000 stores, a network reaching more than 98% of North American households. Uber recast grocery, alcohol, convenience and general merchandise as a single Grocery & Retail business, adding Home Depot for contractors and bringing almost 9,000 Dollar Tree stores onboard in an August 2025 partnership. The shift became durable in 2024, when DoorDash posted its first annual profit under generally accepted accounting principles, $123 million on $10.7 billion in revenue, and Instacart cleared $457 million in net income. Now the platforms are extracting more from the retailers that depend on them: DoorDash charges restaurants commissions of up to 30% of each order's subtotal on its Premier plan, and Uber Eats' blended cost commonly runs 25% to 35%, according to an analysis by direct-ordering vendor Zay-OS. A joint investigation by the Groundwork Collaborative, Consumer Reports and More Perfect Union found Instacart used pricing software called Eversight to run hidden randomized experiments that could add as much as 23% to the cost of an identical item ordered from the same store at the same moment, a practice Instacart said in a July 2026 post that a few retail partners had wound down. Meanwhile, New York City's Department of Consumer and Worker Protection set a delivery-worker minimum of $22.13 for the first pay period starting on or after April 1, 2026, after a 3.2% inflation adjustment, and plans to cover all delivery apps in early 2027.

Chemical manufacturer OXEA has selected Uber Freight as its strategic logistics provider across the U.S., Canada, Mexico and Europe, consolidating its regional transportation operations into a more unified global network. Houston-based OXEA said Uber Freight will manage day-to-day transportation execution across truckload, rail and ocean freight, using technology, data and logistics services to provide greater visibility across its supply chain. The agreement represents Uber Freight's first managed transportation engagement designed from the outset to span the U.S., Canada, Mexico and Europe, according to the companies. OXEA manufactures oxo intermediates and oxo performance chemicals, employs more than 1,200 people and sells chemicals in more than 60 countries. The partnership replaces a more regionally segmented approach to transportation management with an integrated operation connecting OXEA's plants, carriers and customers, and Uber Freight said the cross-border component adds complexity involving multiple modes, carriers and regulatory environments.

Uber Technologies CEO Dara Khosrowshahi purchased 141,000 shares at an average price of roughly $70.96 per share, a transaction totaling just over $10 million that leaves him holding roughly 1.4 million shares. The buy came alongside Uber's latest quarterly results, which showed Gross Bookings climbing 24% year over year to $58 billion and revenue rising 12% to $14.2 billion, while Trips grew 18% to 3.9 billion and Monthly Active Platform Consumers rose 16%. Adjusted EBITDA jumped 33% to $2.8 billion and operating income climbed 40%, with free cash flow of $2.8 billion pushing trailing twelve-month FCF above $10 billion for the first time in the company's history. Other chief executives also stepped up: GameStop CEO Ryan Cohen bought 1 million shares at an average price of roughly $20.38, a transaction totaling nearly $20.4 million that leaves him directly holding more than 39.3 million shares, and Celsius CEO John Fieldly purchased 18,000 shares at an average price of roughly $27.44, a transaction totaling just under $500,000 that brings his direct holdings to more than 956,000 shares.

Uber CEO Dara Khosrowshahi said savings from the company's recent layoffs could be reinvested into lower prices for riders. Earlier this month, the rideshare company said it was eliminating 10% of its workforce, or about 3,300 people, in its largest round of cuts since the pandemic. Speaking at the Goldman Sachs Communacopia + Technology Conference, Khosrowshahi said Uber will take those savings and reinvest them back in the business, lowering prices, improving selection, and continuing to invest in its growth program. He also said Uber's commercial insurance costs, which had increased by more than 50% per ride in the U.S. mobility business over the past few years through the first quarter of 2025, have now reversed, and some of those insurance savings are being reinvested into lower consumer prices. Those savings, combined with a barbell strategy that uses excess margins from higher-end products like Uber Black to fund lower-cost offerings, could mean cheaper rides or more ways for customers to save through special offers such as the Wait & Save program. Shares of Uber jumped nearly 2% after the layoffs were announced, though the stock is down about 12.5% year-to-date amid analyst concerns over competition from autonomous vehicle companies, including Waymo's plan to offer rides through its own app alongside Uber starting in 2028.

Uber Technologies announced on September 2 that it will cut roughly 10% of its global corporate workforce, about 3,300 of its 34,000 employees, its largest layoffs since the pandemic. CEO Dara Khosrowshahi told employees the changes are designed to make Uber simpler and faster and to create more capacity to invest in the future, including the company's previously announced plan to spend more than $10 billion on autonomous vehicles in the coming years. The cuts target organizational bloat specifically: teams of one or two direct reports will shrink by roughly half, and employees more than seven reporting layers from the CEO will be reduced by 20%. Uber is also combining its engineering, science, and delivery divisions and concentrating staff in hubs like New York and San Francisco, with only about 1% of employees permitted to keep working remotely. Khosrowshahi did not cite AI as a reason for the cuts, unlike Meta's recent layoffs.

Uber Technologies, WeRide and AVOMO, the autonomous vehicle division of Moove Cars Group, have secured Spain's first national permit for Level 4 autonomous passenger vehicles to operate on public roads, granted by Spain's Directorate General of Traffic under the ES-AV framework with support from the Regional Government of Madrid. The authorization, WeRide's ninth autonomous-driving permit globally, covers an initial phase of 20 vehicles equipped with WeRide's latest autonomous-driving technology, operating in high-demand areas across Greater Madrid under the supervision of in-car vehicle specialists, and marks the first EU national approval for WeRide's GXR autonomous vehicle. Commercial operations in Spain are expected to commence by the end of 2026, subject to deployment preparations and operational and regulatory requirements. The planned rollout marks WeRide and Uber's joint entry into Spain and Madrid's inclusion as the fourth of 15 cities covered by their strategic partnership, with the companies planning to expand into another 11 cities by 2030 and eventually deploy tens of thousands of autonomous vehicles on public roads worldwide. Uber currently works with more than 30 autonomous-vehicle partners across mobility, delivery and freight, collectively completing millions of autonomous trips annually, and expects to facilitate such journeys in as many as 15 cities by the end of 2026, aiming to become the world's largest facilitator of autonomous trips by 2029.

Uber Technologies Inc. shares rose more than 2.8% on Thursday after Chief Executive Officer Dara Khosrowshahi purchased $10 million worth of company stock. Khosrowshahi bought 141,000 shares of UBER common stock at a weighted average price of $70.9642 per share, according to a regulatory filing with the U.S. Securities and Exchange Commission, with individual transactions ranging from $70.73 to $71.18 per share. After the transaction, the CEO directly holds 1,367,100 shares of Uber common stock. The ride-hailing company's stock is down roughly 12% year-to-date.

Uber Technologies and Wakefern Food Corp. have expanded their partnership, letting customers shop from more than 375 Wakefern-affiliated supermarkets across the Northeast through Uber Eats. Participating banners include ShopRite, Price Rite Marketplace, The Fresh Grocer, Morton Williams, Dearborn Market, Di Bruno Bros., Fairway Market and Gourmet Garage. Through the Uber Eats app, customers can order fresh produce, meat, seafood, pantry staples, prepared foods and household essentials, choosing between on-demand and scheduled delivery. To mark the launch, Uber Eats is offering eligible customers discounts of up to 30% on their first order from participating Wakefern banners, while Uber One members will be charged no delivery fee on eligible orders. The launch advances Uber Eats' grocery and retail delivery expansion, following earlier tie-ups that brought more than 800 Best Buy stores, more than 14,000 Dollar General locations and nearly 9,000 Dollar Tree stores onto the platform.

Uber shares are trading at $71.10, roughly 44% below the Wall Street consensus 12-month price target of $102.13, even as Evercore ISI analyst Mark Mahaney keeps a Street-high $150 target that implies about 111% upside. The stock is down more than 30% from its 52-week high and 25.51% over the past year, pressured by a string of top-line misses: Q2 FY2026 revenue of $14.19 billion came in 0.5% below consensus and EPS of $0.81 fell short of the $0.83 estimate, following misses in Q1 and Q4, the latter driven by a $1.6 billion equity revaluation headwind. Mahaney's bull case rests on the Uber One subscription flywheel, where members spend roughly 3x more than non-members, accelerating free cash flow conversion, and expansion into higher-margin verticals such as advertising, grocery, and travel; gross bookings grew 22% year on year in Q2 to more than $58 billion, non-GAAP EPS grew 35%, and trailing 12-month free cash flow crossed $10 billion for the first time. Among gig-economy peers, Lyft trades near $14.90, down 23.08% year to date against a $19.84 consensus target, DoorDash sits at $197.25, off 12.91% year to date versus a $254.43 target, and Grab Holdings trades at $3.04 after a 39.08% year-to-date decline, with analysts pegging fair value at $5.86 for roughly 93% upside, the largest consensus gap in the group. Uber is down 12.98% year to date while the S&P 500 is up 11.81%, a roughly 25-point relative underperformance for a company that just posted 35% non-GAAP EPS growth.

Pony.ai, Uber and Verne have begun fully driverless robotaxi test rides with passengers on public roads in Zagreb, Croatia, a milestone the companies describe as a European first. The tests run along a 22-kilometer route connecting Verne's headquarters and a major Zagreb business district with Franjo Tuđman Airport, and the companies plan to expand the driverless operating area across Zagreb in the coming months. The development builds on the three firms' partnership to launch commercial robotaxi services in Europe, under which Pony.ai provides the autonomous-driving technology, Verne operates the service, and Uber provides its ride-hailing platform.

Rivian's much-hyped R2, which began customer deliveries on June 9, 2026, is about more than boosting sales—it underpins a strategic partnership with Uber that could unlock high-margin recurring revenue. Uber will invest up to $1.25 billion in Rivian through 2031, contingent on meeting certain milestones, and plans to deploy 10,000 fully autonomous R2 robotaxis in the first phase of their joint venture, with initial deployments in San Francisco and Miami in 2028 and expansion to 25 additional cities by 2031. The companies may negotiate the purchase of up to 40,000 additional R2 vehicles starting in 2030. Uber will pay licensing fees for Rivian's autonomous driving software, a recurring revenue stream that could significantly boost gross profits. Analysts note that robotaxi potential drives a substantial portion of Tesla's valuation—Ark Invest estimates 88-90%, Bank of America 52%, and Morningstar about 30%—highlighting the potential value for Rivian.

Uber Technologies President and Chief Operating Officer Andrew Macdonald has purchased 70,000 shares of the ride-hailing company, investing approximately $5.3 million, according to a September 8 regulatory filing. The transactions, completed on September 4, involved two separate purchases: 54,325 shares at a weighted average price of $75.6526 and 15,675 shares at $76.4425. Following the purchase, Macdonald directly owns 426,320 Uber shares. The insider buying comes as Uber reported second-quarter adjusted earnings per share of 81 cents, beating consensus by one cent, while revenue reached $14.19 billion, up 12.17% year-over-year but slightly below expectations.

Uber Technologies has entered the euro debt market for the first time, launching a five-part bond offering as the ride-hailing company expands its presence across Europe. The company is offering fixed-rate notes with maturities ranging from three years to 20 years, according to Bloomberg, citing a person familiar with the transaction. Initial price discussions range from approximately 75 to 80 basis points over mid-swaps for the shortest-dated notes to around 200 basis points for the longest maturity. The offering is expected to be priced later Wednesday. Uber has historically raised debt in US dollars, making the euro-denominated offering a notable shift in its financing strategy. American corporations have been increasingly turning to European debt markets this year, with Amazon reportedly looking to sell bonds with maturities of 3, 6, 12, and 19 years.

Travis Kalanick's startup Atoms, which raised a $1.7 billion funding round led by Andreessen Horowitz earlier this summer, is reportedly preparing for a hiring spree and acquisitions to become a major player in the autonomous vehicle industry, according to the Financial Times. The startup has talked to Uber about using its robotaxi technology, and Uber has already invested $100 million in Atoms. While robotaxis are not the entirety of Atoms' plans, the direction aligns with Kalanick's description of the round as "unfinished business" and follows its acquisition of Pronto, an autonomous mining startup led by Uber's former self-driving chief Anthony Levandowski.

Uber Technologies announced it is cutting 3,300 jobs, roughly 10% of its 34,000-person global workforce, as part of an AI-driven restructuring aimed at margin expansion. The company, which trades at $76.45, down 6.44% year to date in 2026 and 25% below its 52-week high of $101.99, reported Q2 2026 Gross Bookings of $58.02 billion, up 24% year over year, and trailing 12-month free cash flow above $10 billion for the first time. CEO Dara Khosrowshahi said the move will lead to clearer ownership and faster decisions, while management also plans to reduce management positions by 20% and bring most remote staff back to New York and San Francisco offices. Despite the layoffs, 21 analysts have revised 2026 EPS estimates upward in the past 30 days, and Q3 guidance calls for Non-GAAP EPS of $0.84 to $0.88, up 28% to 35% year over year. The stock trades at a forward P/E of 17, with a consensus price target of $101.81, implying significant upside if analysts prove correct.

Uber Technologies and British AI company Wayve have launched supervised autonomous rides in London, marking the first such service in the United Kingdom. Londoners requesting UberX, Uber Electric, or Uber Comfort may be matched with a Wayve vehicle at no extra cost, with fares shown upfront in the Uber app. The service uses all-electric Ford Mustang Mach-E vehicles equipped with Wayve's AI driver and interactive screens in 64 languages. Initially limited to London excluding airports, the rollout will expand gradually based on demand and regulatory developments, with trained drivers supervising each journey. This launch is part of a broader partnership that includes an Uber investment and plans to deploy Wayve-powered vehicles across 12 global markets, starting with London, and later introducing autonomous Nissan LEAF vehicles in Tokyo in 2026. Uber also works with over 30 autonomous-vehicle partners and expects to facilitate autonomous trips in up to 15 cities by the end of 2026.

Uber Technologies, the U.S. ride-hailing giant, announced on the 2nd that it will cut approximately 10% of its global workforce. According to U.S. media, this amounts to about 3,300 employees. The company aims to streamline its organization, speed up decision-making, and reduce costs for future investments. The cuts will focus on roles primarily involved in coordination and managerial positions with only one or two subordinates. Additionally, the company will consolidate departments and reduce the number of employees working from home. In a letter to employees released the same day, CEO Dara Khosrowshahi emphasized, "The decision we made today is difficult, but it will help build a stronger Uber over the coming years."

Delivery Hero's board has endorsed Uber's $15 billion takeover offer and recommended that shareholders approve the deal, which would create one of the world's largest on-demand food delivery platforms. The supervisory and management boards deemed the price "fair and adequate" and highlighted the potential to accelerate product innovation. The acquisition would double Uber's global footprint and strengthen its competitive position against DoorDash and Just Eat Takeaway. Uber, already Delivery Hero's largest shareholder, set a minimum acceptance threshold of 50% plus one share, and fellow investor Prosus has agreed to sell its 17% stake. This deal follows a wave of consolidation in the delivery sector, including Uber's $335 million acquisition of Getir, Grab's $600 million purchase of Foodpanda Taiwan, and DoorDash's $3.87 billion takeover of Deliveroo.

U.S. stock index futures edged lower on Wednesday as investors contended with a global bond selloff, elevated energy prices, and expectations of a Federal Reserve rate hike, pressuring rate-sensitive tech stocks. Dell Technologies climbed nearly 10% after raising its annual revenue and profit forecasts on strong demand for AI-optimized servers, while Hewlett Packard Enterprise rose 4.7% ahead of its earnings. MongoDB tumbled 13.6% despite beating fiscal second-quarter estimates, as investors focused on outlook and valuation. GitLab surged 22% after delivering strong results and raising full-year guidance. Uber Technologies rose 2.4% on plans to cut about 3,300 jobs, and Sirius XM gained 3.1% after a Deutsche Bank upgrade.

The Atlanta Rideshare Drivers Union has called on local and state officials to impose a Robotaxi impact fee on rides that would add roughly 50 cents to $1 to each fare for the drivers, aiming to protect human drivers' earnings from Alphabet Inc.'s Waymo. The union argues that Waymo's expanded rollout in Atlanta since June 2025 has reduced trip requests and increased idle time for drivers on platforms like Uber Technologies Inc. and Lyft Inc. Union official Liza Ramsey proposed the fee, with proceeds going to a driver transition fund for training and support for workers displaced by automation. The union also wants city officials and Hartsfield-Jackson Atlanta International Airport to block robotaxis from airport pickups. Ramsey acknowledged the union lacks consolidated data proving income declines but cited driver anecdotes and rising costs such as fuel and insurance.

Citizens analyst Andrew Boone reiterated a Market Perform rating on Tesla and Market Outperform on Uber Technologies Inc with a $100 price target, following news that Nevada regulators granted robotaxi permits to Tesla, Uber subsidiary Aviari Services, and Waymo. The Nevada Transportation Authority authorized each company to operate as an Autonomous Vehicle Network Company in Clark County, with Tesla permitted up to 5,000 fully autonomous vehicles in the first year, while Waymo and Uber are each capped at 1,000. Uber also launched its first European autonomous robotaxi service in Zagreb, using Pony.ai's technology and Verne's fleet, though it still requires a safety operator. Boone noted that Uber's partners are progressing, supporting expectations of a material ramp in autonomous supply in late 2026 and 2027, while Tesla's 5,000-vehicle approval is a ceiling, not a forecast, with the company anticipating around 2,500 vehicles this year.

Uber Technologies Inc. reports that its AI usage has surged 9.4 times since February, yet total AI spending has remained relatively flat since April. The company says the cost per 1,000 requests for the same AI model has dropped about 34% from its April peak, and individual AI session costs are 52% lower than their June high. More than 70% of code-change submissions at Uber now come from AI agents, with engineers running over 30,000 agent jobs daily, and the number of employees using AI has more than quadrupled. Uber has also cut expenses by routing simpler tasks to cheaper models, restricting token consumption, improving prompt caching, and exploring open-weight models. This efficiency is notable because Uber had already exceeded its AI budget for 2026, and it signals that AI adoption may become more attractive as companies better manage inference costs.