Latest news with #rideshare
Entrepreneur
17 hours ago
- Automotive
- Entrepreneur
Female Uber Riders Can Soon Request Female Drivers
Uber announces the launch of a new feature in some U.S. cities that will pair women drivers and riders. Uber is set to launch a new feature that will allow women riders and drivers to request trips that avoid being paired with men. According to CNBC, the rollout will begin in Los Angeles, San Francisco, and Detroit starting next month. "It's about giving women more choice, more control, and more comfort when they ride and drive," Camiel Irving, Uber's vice president of U.S. and Canada operations, said in a statement on Uber's site. "After hearing from women riders and drivers around the world, it was clear: Many want the option to match with other women. That's why we're proud to pilot Women Preferences in the U.S. for the first time ... It's about giving women more choice, more control, and more comfort when they ride and drive." Related: Uber CEO: Autonomous Vehicles Will Take Over Drivers Soon Here's how it will work for riders: Female riders can utilize an in-app option called Women Drivers, and can toggle back to all drivers if there are no women in the area. They can all set a preference for women drivers, which won't guarantee a female driver but will increase their chances of being matched. For pre-booked trips, women riders will be able to reserve a ride with a woman driver. Here's how it will work for drivers: Female drivers only have to toggle on the "Women Rider Preference" under settings in the Uber Driver app. Safety is a big concern for Uber and other rideshare app users, so it seems as though this will be a welcome function. However, the company made clear that being paired with a woman isn't guaranteed. Related: Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced In 2019, Uber released a similar preference choice for Uber users and drivers in Saudi Arabia. In a statement, the Uber Team explained, "The launch of this unique feature comes on the back of Uber's Masaruky initiative that aims to increase women's participation in the workforce through access to affordable transportation, in addition to increasing women's access to flexible, part-time economic opportunities through the use of Uber technology." The program was a success and quickly expanded to 40 other countries. Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.
ABC News
20 hours ago
- ABC News
'Terrified' young supermarket worker allegedly assaulted by Uber driver.
The ABC has obtained confronting footage appearing to show a young female supermarket worker being kicked to the ground by an older male ride-share driver, in an alleged assault.
ABC News
3 days ago
- ABC News
Taxi driver charged with sexual assaults in Cairns area
Police are appealing for women who may have been assaulted in taxis or rideshare vehicles in North Queensland to come forward after charging a 72-year-old male driver with three counts of sexual assault. Senior Constable Amelia Farrows said police believed there may be more alleged victims. Taxi driver Roman Peter Galaska picked up a 76-year-old woman near Cairns Hospital on May 9, according to police. They allege the Palm Cove resident drove the woman to a Manunda address, helped her inside and touched her inappropriately. Police also allege that Mr Galaska inappropriately touched a 27-year-old woman before she got out of the vehicle at Woree on May 17. "This type of offending is not tolerated in our community and police will investigate all complaints thoroughly," Senior Constable Farrows said. She called for anyone who had experienced inappropriate behaviour or touching while riding in a taxi or rideshare vehicle to contact police. Mr Galaska is due to appear in Cairns Magistrates Court on Thursday.
Yahoo
3 days ago
- Business
- Yahoo
Uber Stock Looks Expensive -- or Does It?
Key Points Uber is no longer a cash-burning hypergrowth company. It has a diversified platform upon which it can further grow its business. The rideshare leader's premium valuation could be justifiable. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) has come a long way from its early days as a cash-burning disruptor of the taxi industry. Today, it's a profitable global platform with multiple engines of growth that span mobility, food delivery, logistics, and advertising. But after its share price has more than doubled in the past two years, the stock is no longer cheap. With a trailing price-to-sales (P/S) ratio of around 4.6, it's fair for investors to ask: Has the stock run too far ahead of its fundamentals? While the valuation looks high at first glance, the underlying business might justify the premium. Profitability is no longer just a promise For years, Uber followed a growth-at-all-costs strategy. That's no longer the case. After delivering its first annual profit in 2023, Uber delivered higher revenue and earnings in 2024. Operating income more than doubled from $1.1 billion to $2.8 billion in 2024, and free cash flow also more than doubled from $3.4 billion to $6.9 billion. Uber's profitability streak continued in Q1 2025 when it generated $1.2 billion in operating income on $11.5 billion of revenue. Free cash flow expanded 66% year over year to $2.3 billion. This all demonstrates that its profitability isn't just a temporary condition. The company has fundamentally realigned its business and cost structure, and the results are showing in growth and margins. A multi-engine platform Uber might have started as mainly a ride-hailing operator, but in recent years, it has evolved into a diversified platform. That gives the company multiple ways to expand. Mobility remains its core business, and it's still growing nicely and delivering solid margins and profits thanks to its leadership position in most of its markets. Similarly, delivery -- its second-largest business by revenue -- is now profitable and continues to expand into higher-value verticals like groceries and alcohol. Freight, while still a relatively small revenue contributor that is almost breaking even, adds to the company's long-term optionality in logistics and enterprise transportation. Beyond its core segments, Uber has quietly worked on its monetization, scaling smaller businesses like Uber Ads (advertising) and Uber One, its membership subscription business. This blend of services gives Uber an edge over pure-play delivery or rideshare companies, and it has a huge pool of 150 million monthly active users, plus a vast merchant base, to monetize. Uber's platform also enjoys powerful network effects. As more users join it, it attracts more drivers and merchants. In turn, that drives more transactions, making it even more attractive to customers. That flywheel doesn't just fuel growth -- it also generates a growing pool of first-party data. And with that data, the company's other services like Uber Ads become more effective, enabling better targeting and higher-margin monetization across the ecosystem. And let's not forget other opportunities exist in areas like autonomous ride-hailing and delivery, or its international expansion. While these businesses are still nascent, they have huge growth potential that could rival, if not exceed, Uber's core businesses. Putting Uber's valuation into context Trading at 4.6 times sales, Uber is by no means a bargain. While it's still some distance from the peak P/S of 10.1 that it reached in 2021 during the pandemic, it has about tripled the low point of 1.6 touched in mid-2022. Today, Uber's valuation sits close to midway between the valuations of peers DoorDash and Lyft. Company Trailing P/S Ratio Profitability Uber 4.6 Profitable DoorDash 9.1 Marginally profitable Lyft 1.0 Breakeven Data source: DoorDash is priced for high growth, but its margins are far thinner, and its business is less diversified. Lyft trades at a steep discount but lacks the scale, international reach, and cross-selling synergy that make Uber more compelling. So, while Uber's valuation is not cheap, it's not irrational either, especially considering its growing profitability and market opportunities. What it means for investors Uber stock may no longer be a value play, but it's also no longer just a growth story stock. Today, it has a track record it can point to with solid earnings, multiple growth levers, and optionality. For long-term investors, the question isn't whether Uber is cheap based on one headline metric. It's whether the company can keep executing across its different segments to sustain growth and expand margins. If it can do so, its current share price is quite reasonable. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash and Uber Technologies. The Motley Fool recommends Lyft. The Motley Fool has a disclosure policy. Uber Stock Looks Expensive -- or Does It? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
4 days ago
- Business
- CTV News
Canadian ride-hail service stops in Vancouver amid world record attempt
Ride-hailing company HOVR is attempting to break a Guinness World Record for longest rideshare journey ever taken. A Canadian ride-hail company is hoping to launch its business with a bang with an attempt to break the Guinness World Record for the longest rideshare trip ever taken. Launched in Toronto last year, HOVR is a ridesharing service that says it separates itself from already existing companies by offering a membership model, instead of a commission-based model, where drivers retain 100 per cent of their fares. 'It is about time that we had a national platform,' said the company's CEO Harrison Amit during the trip's stop in Vancouver on Friday, day five of the cross-country journey. The trip, dubbed Connecting Canada, will span 28 days and will see Amit join HOVR's CMO Christian Alicpala in checking off various points across the country as it travels from the east coast to the west and then back again. After getting underway in Toronto July 13 and checking off Vancouver over the course of the weekend, the journey will continue onwards to St John's before finishing up in Toronto by August 9. The drive will be tracked in real time on the HOVR platform and via an independent GPS for Guinness verification, Amit said. The record for the longest continuous rideshare journey is believed to be held by Mr. Beast, a YouTube celebrity who travelled 2,256 miles (3,630 kilometres) from North Carolina to California in 2017. Alongside smashing a world record, Amit says the 16,200-kilometre journey will provide an opportunity to meet the drivers, potential riders, stakeholders, and city officials in each city the company is looking to operate in, so they can get 'HOVR operations up and rolling as soon as possible.' Amit said the initiative has had a 'ton of great support' in every province they've passed through so far. 'Everybody becomes a HOVR lover, it's amazing. The drivers love us. The riders love us,' he said. 'We were just speaking to a few people here in Stanley Park and they mentioned that they can't wait for HOVR to begin their operations here.'
