Uber stock rose 7% following its announcement of a $10 billion investment in robotaxi technology, aiming to lead the autonomous vehicle platform market. The company reported strong Q4 2025 financials, including 20% revenue growth and a $20 billion share buyback program. Lyft also gained 7%, boosted by a $1 billion share repurchase plan and expanding autonomous vehicle partnerships, despite some concerns about slowing U.S. growth. Both companies' moves reflect growing investor confidence in the future of autonomous ridesharing, with market watchers keen on upcoming updates about Uber's robotaxi plans and Lyft's partnerships.
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...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
