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Uber Technologies, Inc., incorporated on July 16, 2010, provides a platform that allows users to access transportation and food ordering services. The Company operates through two segments: Core Platform and Other Bets. The Core Platform segment consists of Ridesharing and Uber Eats. The Other bets segment consists of Uber Freight and New Mobility platforms. The Company compete with Yandex N.V. C.H. Robinson Worldwide, Inc., Total Quality Logistics, LLC, XPO Logistics, Inc, Convoy Inc, Echo Global Logistics, Inc., Coyote Logistics, LLC, Transfix, Inc, DHL International GmbH, and NEXT Trucking, Inc.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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