The Dutch Data Protection Authority has fined Uber €825 million for deactivating driver accounts using an automated system without adequate human oversight, marking the second largest penalty under the EU's GDPR. The regulator found Uber committed serious violations by allowing a computer to make impactful decisions on driver suspensions, some of which were permanent without human review. Uber disputes these claims, stating most suspensions are temporary and reviewed by humans, and plans to appeal the fine. This fine follows previous penalties against Uber related to driver data handling, and a class action lawsuit by drivers is being prepared to seek compensation.
Wall Street analysts are optimistic about Uber's stock recovery, forecasting a rise of up to 75.71% within the next year, with price targets ranging from $92 to $125. This confidence is driven by Uber's expanding autonomous taxi program and delivery ...
Uber's stock is down 30% from its 52-week high due to weak earnings guidance and concerns about robotaxi competition. However, Evercore ISI analyst Mark Mahaney forecasts the stock could more than double to $150 within a year, betting on Uber becomin...
