Uber has agreed to acquire Delivery Hero for $14.8 billion in an all-stock deal, which will nearly double Uber's global delivery footprint across Europe, the Middle East, Latin America, and Asia. Delivery Hero will also sell its business in 14 markets where Uber Eats operates to investment firm SSW Partners for $1.6 billion. The acquisition, still subject to regulatory approval and a minimum acceptance threshold, will position Uber as one of the largest delivery platforms outside China, enhancing its ability to compete with DoorDash and Just Eat. Uber CEO Dara Khosrowshahi highlighted the strategic value of expanding their mobility and delivery services to create long-term value for customers and shareholders.
Billionaire investor Bill Ackman's concentrated stock portfolio is accessible through the Pershing Square USA (PSUS) fund, but investors can also gain similar exposure via low-cost ETFs like Vanguard Mega Cap ETF (MGC) and Vanguard Growth ETF (VUG). ...
Taiwan Semiconductor Manufacturing Company (TSMC) announced an additional $100 billion investment in its U.S. chip production, raising its total commitment to $265 billion. This funding will support the construction of four new fabrication plants usi...
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
