All articles tagged with #uber
Uber Technologies plans to acquire SpotHero, bringing SpotHero’s parking reservation network (over 13,000 locations in 400+ cities across the US and Canada) onto the Uber app to offer native parking for commuters, events, and airports, with potential parking benefits for Uber One members; the deal is expected to close in the first half of 2026, subject to regulatory approval and customary closing conditions.
Uber Technologies announced an agreement to acquire SpotHero, a parking-reservation app, as part of a move to broaden its business beyond ride-hailing. The terms were not disclosed and the deal is expected to close in the first half of 2026 subject to regulatory approvals. SpotHero operates in more than 400 cities across the U.S. and Canada with over 13,000 garages, lots, and valets. Uber plans to offer in‑app parking reservations (potentially bundled with Uber One benefits) and give parking operators access to its large consumer base and fleet network, as the company diversifies into events, airports and other services amid autonomous-vehicle concerns. Wall Street currently shows a Strong Buy consensus on UBER with substantial upside potential.
Uber will incentivize third-party operators to install EV chargers in drivers’ US and European neighborhoods and guarantee a minimum amount of usage to help recoup investments, aiming to accelerate charging infrastructure despite recent U.S. policy shifts.
Kiefer Sutherland stepped out publicly for the first time since his January 12 arrest in Los Angeles on suspicion of felony criminal threats related to an Uber driver incident. He was released after posting a $50,000 bond, and the case has since been sent back to police for further investigation by the LA County DA. The actor was photographed with partner Cindy Vela at JFK Airport, then calmly hailed an Uber, signaling a low-key approach to the turmoil. Friends say he’s in good spirits and focused on work, but privately anxious about how the arrest will color public perception. The piece also notes Sutherland’s long history with the law, including multiple DUIs, shaping a broader context for his current situation.
A federal jury in Arizona found Uber liable for a driver who raped a rider, awarding the plaintiff $8.5 million. The verdict, which hinged on Uber acting as an apparent agent and noted safety measures but did not award punitive damages or find design negligence, could influence thousands of similar lawsuits by guiding settlement talks and litigation strategy. Uber plans to appeal the decision.
A Phoenix federal jury found Uber liable for a driver’s sexual assault of a 19-year-old rider and awarded $8.5 million in compensatory damages in a bellwether trial among thousands of similar lawsuits, with Uber planning an appeal.
A Phoenix federal jury found Uber liable for the sexual assault of a rider, ordering $8.5 million in damages to the victim (Jaylynn Dean) and potentially guiding thousands of consolidated cases. Uber plans to appeal, arguing it isn’t responsible for drivers’ actions, while safety reports show thousands of assaults linked to drivers.
A Phoenix federal jury ruled Uber liable for a driver’s sexual assault on a rider, awarding $8.5 million in compensatory damages and denying punitive damages; the bellwether case, among more than 3,000 consolidated lawsuits, could influence future claims and settlements, with Uber planning an appeal.
A federal jury in Phoenix held Uber liable for a passenger’s rape by a driver, awarding $8.5 million to Jaylynn Dean and rejecting Uber’s claim that drivers are independent contractors; the verdict provides a roadmap for more than 3,000 pending sexual-assault and misconduct cases and could expand liability for ride-hailing platforms.
Uber is set to report Q4 and full-year results, with analysts expecting EPS of $0.79 on $14.32 billion in revenue. Beyond the headline numbers, Uber is advancing autonomous-driving pilots with partners like Nvidia, expanding Uber Eats partnerships with Kroger and Loblaw, and possibly exploring mobility-related acquisitions. Options traders anticipate about a 7% post-earnings move, while analysts maintain a Strong Buy with an average target of $112.40 for roughly 44% upside.
Obi data shows Waymo has cut prices in the San Francisco Bay Area, narrowing the average ride cost gap with Uber and Lyft (Waymo about $19.69 vs Uber $17.47 and Lyft $15.47). The shift suggests the novelty premium for robotaxis is fading, though Waymo still has longer wait times (~5.7 min) than Uber and Lyft. Tesla remains a wildcard with lower prices but limited driverless service and long waits. Analysts still favor Uber for upside among robotaxi stocks.
Kiefer Sutherland was arrested in Los Angeles after a late-night Uber altercation in which he allegedly assaulted the driver and threatened to end his life; police booked him on felony criminal-threat charges, bail was set at $50,000 and he was released about seven hours later, with a February 2 court date. The incident follows past run-ins with the law, including a 2007 DUI and a 2009 nightclub assault.
Actor Kiefer Sutherland was reportedly involved in a Hollywood incident linked to an Uber ride, with the driver telling police that Sutherland threatened him if the car didn’t pull over. He was arrested on suspicion of criminal threats (a felony) and released on $50,000 bail, with a court date set for Feb. 2. The driver was assisted by a translator and sustained no injuries; Sutherland has past legal issues including a 2007 DUI.
Rolling Stone reports that Kiefer Sutherland repeatedly asked an Uber driver to pull over around midnight on Jan. 12, prompting a confrontation in Hollywood. The driver called police, and Sutherland was arrested on suspicion of criminal threats and booked on a felony, later released on $50,000 bail with a Feb. 2 court date anticipated if prosecutors pursue felony charges. A translator assisted in the investigation, and Sutherland has prior legal issues, including a 2007 DUI and a 2009 head-butting incident that was later dropped.
Uber is considering a deal to acquire SpotHero, a parking app, as part of its strategy to expand its transportation and parking services.