Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Uber Technologies, Inc.    UBER

UBER TECHNOLOGIES, INC.

(UBER)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Uber Technologies : Completes Acquisition of Postmates

12/01/2020 | 09:04am EST

Combination of platforms provides more choice and convenience for consumers, new demand and tailored technology offerings for restaurants, and increased income opportunities for delivery people

Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations.

As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S. to strengthen the delivery of food, groceries, essentials, and other goods. The consumer-facing Postmates and Uber Eats apps will continue to run separately, supported by a more efficient, combined merchant and delivery network.

In connection with the closing, Uber has signaled its commitment to the success of the restaurants and merchants who use its technology to reach customers and delivery people by announcing a national listening tour. These efforts are designed to better understand merchants’ needs, and to continue to develop products, services, and policies that protect their interests.

“Uber and Postmates have long been committed to powering delivery services that support local commerce and communities, all the more important during crises like the one we face today. We’re thrilled to bring these two teams together to continue to innovate, bringing ever-better products and services for merchants, delivery people, and consumers across the country,” said Uber CEO Dara Khosrowshahi.

“We built Postmates to empower local commerce and bring the best of your city to your home, especially in cities like Los Angeles and across the southwest," said Bastian Lehmann, co-founder and CEO of Postmates. “I'm confident that alongside Uber Eats we will create even more opportunities for our customers, continue to drive growth for our merchants, and deliver unique earning opportunities for our Postmates.”

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Postmates

Postmates is a leader in delivering your favorite restaurants and a whole lot more on-demand. The platform gives customers access to the most selection of merchants in the US with more than 600,000 restaurants and retailers available for delivery and pickup. The market leader in Los Angeles, Postmates covers 80% of US households, across all 50 states. Customers can get free delivery on all merchants by joining Postmates Unlimited, the industry's first subscription service. Learn more or start a delivery by downloading the app or visiting www.postmates.com.


© Business Wire 2020
All news about UBER TECHNOLOGIES, INC.
01/20UBER TECHNOLOGIES : Trump's pardon blitz keeps ex-Google exec out of prison
AQ
01/20Trump's Pardon List Includes Business Figures and Financiers
DJ
01/20ALPHABET : Trump pardons former Google self-driving car engineer Levandowski
RE
01/19UBER TECHNOLOGIES, INC : Other Events, Financial Statements and Exhibits (form 8..
AQ
01/19Microsoft Bets on Driverless-Car Space With Investment in GM's Cruise -- 2nd ..
DJ
01/19UBER TECHNOLOGIES : joins accessible taxi scheme in Australia
AQ
01/19UBER TECHNOLOGIES : UBS Adjusts Uber's Price Target to $72 From $51, Maintains B..
MT
01/19Microsoft Bets on Driverless-Car Space With Investment in GM's Cruise -- Upda..
DJ
01/19Microsoft Bets Bigger on Driverless-Car Space With Investment in GM's Cruise
DJ
01/18UBER TECHNOLOGIES : Applying Uber v. Heller - Ontario Superior Court Of Justice ..
AQ
More news
Financials (USD)
Sales 2020 12 481 M - -
Net income 2020 -6 723 M - -
Net Debt 2020 2 030 M - -
P/E ratio 2020 -14,9x
Yield 2020 -
Capitalization 99 441 M 99 441 M -
EV / Sales 2020 8,13x
EV / Sales 2021 5,74x
Nbr of Employees 21 600
Free-Float 96,8%
Chart UBER TECHNOLOGIES, INC.
Duration : Period :
Uber Technologies, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UBER TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 41
Average target price 57,30 $
Last Close Price 56,38 $
Spread / Highest target 41,9%
Spread / Average Target 1,63%
Spread / Lowest Target -37,9%
EPS Revisions
Managers and Directors
NameTitle
Dara Khosrowshahi Chief Executive Officer & Director
Ronald D. Sugar Chairman
Nelson J. Chai Chief Financial Officer
Sukumar Rathnam Chief Technology Officer
Yasir bin Othman Al-Rumayyan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
UBER TECHNOLOGIES, INC.10.55%99 441
TENCENT HOLDINGS LIMITED20.48%834 795
NETFLIX, INC.8.43%259 042
PROSUS N.V.10.75%191 997
NASPERS LIMITED15.92%99 724
SPOTIFY TECHNOLOGY S.A.5.32%62 831