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Uber continues to deliver strong revenue growth, improving profitability, and operational excellence, but faces intensifying competition and existential AV threats. Autonomous vehicles (AVs) are advancing faster than expected, with Waymo expanding rapidly and Tesla's robotaxi launch imminent, raising uncertainty for Uber's future role. Uber's delivery segment is losing ground to DoorDash, which now leads in gross bookings and combined revenues, despite Uber's dual mobility and delivery platform.
UPPER EAST SIDE, NY — With early voting already underway, Democratic candidates Ben Wetzler and Vanessa Aronson are cross-endorsing each other in the race to represent City Council District 4, they said on Wednesday. The two joined forces after a PAC called "New Yorkers For A Better Future 2025" funded by Trump-aligned donors Bill Ackman and Steven Roth, spent $29,437.41 to send a mailer to Democratic voters in the district encouraging them to vote for a slate of candidates in the race, including Faith Bondy, Rachel Storch and Virginia Maloney, and to not rank any other candidates. "Like myself, Ben shares the belief that elections should be decided by voters and not be sold to the highest bidder," Aronson said. "In a race where MAGA billionaires and DoorDash are trying to buy the District 4 seat, Ben and I have stood up for our voters and sounded the alarm." A PAC funded by Doordash called "Local Economies Forward NY" has spent $161,393.70 on Virginia Maloney's campaign on various m
DASH reverses early weakness at the time of alert
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This is the ideal market environment for Cathie Wood. Stocks are rallying, and the founder, CEO, and chief investment officer of the Ark Invest family of exchange-traded funds (ETFs) is at her best when high-beta stocks are moving higher.
Buying stocks on a technical breakout isn't always the formula for a swift gain.
BOSTON--(BUSINESS WIRE)--PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to capitalize on transformational growth, announced the firm has completed the sale of its minority stake in SevenRooms, a New York City-based software company and a global leader in hospitality technology, to DoorDash (NASDAQ: DASH). The transaction is part of DoorDash's $1.2 billion acquisition of SevenRooms. Founded in 2011 by Joel Montaniel, Allis.
Food delivery giant DoorDash announced the acquisition of Symbiosys, an advertising tech startup founded by a former Google leader and backed by Seattle-area venture capital firm Fuse.
DoorDash will pay $175 million to purchase advertising tech company Symbiosys. [contact-form-7] The acquisition was announced Wednesday (June 11) as part of a larger update on the company's ad business, which DoorDash said now generates more than $1 billion in revenue per year.
Jim Cramer breaks down why he's keeping an eye on shares of Uber and DoorDash.