UBER - Uber Technologies, Inc.

NYSE - NYSE Delayed price. Currency in USD
22.82
-0.86 (-3.63%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close23.68
Open23.73
Bid22.58 x 1300
Ask22.80 x 1200
Day's range21.67 - 23.79
52-week range13.71 - 47.08
Volume37,808,731
Avg. volume39,367,242
Market cap39.417B
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-6.81
Earnings date27 May 2020 - 31 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est41.64
  • Are Options Traders Betting on a Big Move in Uber Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Uber Stock?

    Investors need to pay close attention to Uber stock based on the movements in the options market lately.

  • So This Is How the Tech Bubble Finally Ends: Fully Charged
    Bloomberg

    So This Is How the Tech Bubble Finally Ends: Fully Charged

    The tech bubble is popping, but not in the way anyone expected. After years of fretting that free-spending startups with unrealistic valuations would bring down the startup economy on its own, a global pandemic is doing it in instead.

  • U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall
    Reuters

    U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall

    Gig workers classified as independent contractors by platforms such as Uber Technologies Inc, Lyft Inc, Doordash or Instacart were included in the federal government's coronavirus stimulus bill to receive unemployment benefits generally reserved for full-time employees. This at a time when Uber and Lyft drivers are suffering from a near-total collapse in ride-hailing demand as large parts of the United States shut down to combat the spread of the highly infectious virus.

  • Uber to start shipping car disinfectants to drivers
    Reuters

    Uber to start shipping car disinfectants to drivers

    Uber senior vice president of global rides and platform operations, Andrew Macdonald, said on Twitter that the company had received an initial batch of 30,000 bottles of cleaning spray by Atlanta-based company Zep Inc. Previously, Uber said suppliers had prioritized orders for healthcare, with its own orders being moved down the queue several times. Lyft Inc last week said it had distributed many supplies to drivers while its hubs were still open and was working a way to distribute them now, but declined to provide additional details.

  • Credit Cards Rework Offers Amid Travel, Restaurant Spending Drop
    Bloomberg

    Credit Cards Rework Offers Amid Travel, Restaurant Spending Drop

    (Bloomberg) -- A coronavirus-spurred slowdown in travel and restaurant spending has credit card issuers reworking their offerings.American Express Co. told its Platinum cardholders, who have complained they won’t be able to use their monthly Uber credits for rides, that they can instead use them on Uber’s food-delivery service. The card offers $15 in Uber credits each month, according to the company’s website.Airlines, hotels and restaurants are among the businesses hit hardest by the Covid-19 pandemic. Governments across the U.S. and around the world are telling people to stay at home and ordering businesses to shutter to stem the spread of the highly contagious illness. In many cities, restaurants are allowed to sell meals only for pickup or delivery.Brex Inc., the corporate credit card company focused on startups, is allowing customers to shift rewards toward food delivery and remote collaboration tools and away from ride-sharing, travel and restaurants. Since March 16, spending in travel categories is down as much as 63%, while remote collaboration and delivery spending are up 63%, according to a Brex representative.“In this time of need where you want to get rewards for your spend, companies weren’t getting them anymore,” Henrique Dubugras, Brex’s co-chief executive officer, said in an interview. “We decided to change the rewards program for those who were interested in it to start reflecting what they were actually spending.”JPMorgan Chase & Co. this week began emailing customers of its popular Sapphire Reserve card -- which offers rewards for airfare, hotels and restaurants -- telling them they’d automatically receive a $100 credit toward their $550 annual fee if their card renews between April 1 and July 1. In January, the company raised the annual fee after adding new perks with partners including Lyft and DoorDash.Prior to the coronavirus outbreak, card issuers had been scaling back perks in an effort to focus more on profitability and retaining existing customers. Citigroup Inc. discontinued free trip insurance and price-protection guarantees for all of its U.S. cards last year, and American Express Chief Executive Officer Steve Squeri said in December that rewards competition was leveling off.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Sen. Warren calls on food delivery apps to reclassify workers, increase pay during pandemic
    Yahoo Finance

    Sen. Warren calls on food delivery apps to reclassify workers, increase pay during pandemic

    Sen. Elizabeth Warren is urging the CEOs of Uber, DoorDash, Grubhub and Instacart to reclassify their workers as employees -- and pay them more during the coronavirus pandemic.

  • Bloomberg

    DoorDash Starts Delivering Toilet Paper and Other Groceries

    (Bloomberg) -- DoorDash Inc., the biggest food delivery app in the U.S., will start delivering goods from 7-Eleven, Wawa and other convenience stores to Americans who are mostly stuck at home for the foreseeable future.The San Francisco-based startup said it began testing the sale of paper towels and other packaged goods this year and decided to accelerate the rollout due to the coronavirus pandemic. DoorDash has more than 1,800 convenience stores around the U.S. available on the app, the company said.The new offering competes to some extent with Amazon.com Inc.’s grocery delivery service and Instacart Inc. Both companies have struggled to meet demand since the outbreak and have said they’re adding a combined 400,000 workers. This week, some workers at both companies went on strike over accusations of unfair pay and labor policies.Uber Technologies Inc. is also looking to expand its food delivery app with groceries. It owns a majority stake in Latin America’s Cornershop and intends to bring the grocery service to other countries. “That business is absolutely exploding in the right way,” Dara Khosrowshahi, Uber’s chief executive officer, said in a Bloomberg TV interview last month. “We have a global brand, and we can essentially take Cornershop and make it a global brand.”(Updates with Uber reporting in the last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Daily Crunch: Zoom faces security scrutiny
    TechCrunch

    Daily Crunch: Zoom faces security scrutiny

    Researchers reveal a number of security issues with videoconferencing app Zoom, investors warn Indian startups of tough times ahead and Uber Eats expands its grocery options internationally. Yesterday, The Intercept reported that Zoom video calls are not end-to-end encrypted, despite the company’s claims that they are. In addition, two security researchers found a Zoom bug that can be abused to steal Windows passwords, while another researcher found two new bugs that can be used to take over a Zoom user’s Mac, including tapping into the webcam and microphone.

  • Coronavirus pandemic will be a problem for the auto industry for a while: former Ford CEO
    Yahoo Finance

    Coronavirus pandemic will be a problem for the auto industry for a while: former Ford CEO

    The auto industry is reeling amid the coronavirus. TPG Global senior advisors and former Ford CEO Mark Fields chats with Yahoo Finance.

  • The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC
    Zacks

    The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC

    The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC

  • Engineer Says Uber Owes Him $180 Million for Run-In With Google
    Bloomberg

    Engineer Says Uber Owes Him $180 Million for Run-In With Google

    (Bloomberg) -- A star Silicon Valley engineer who defected from Google to Uber Technologies Inc. -- only to be fired, tagged as the villain in a trade-secret theft dispute and driven into bankruptcy -- says the ride-sharing company owes him more than $180 million for travails and lost time.Anthony Levandowski, hailed by both companies as a prodigy of driverless car technology, contends Uber didn’t keep its promise to cover his legal bills when it aggressively recruited him in 2016. Google later accused Levandowski of poaching its engineers in violation of his contract and clawed back a $120 million bonus it had paid him, plus about $60 million in interest and attorneys fees.In his arbitration demand against Uber, Levandowski says he was warned by none other than Larry Page that he’d face “negative consequences” if he left to compete with Google. But he was reassured by Uber’s agreement to indemnify him against Google’s anticipated retribution, and Uber paid for his defense for almost three years.Until, that is, Google won. Levandowski says that in April 2018, days before the final hearing in Google’s arbitration, Uber told him it wanted to be repaid.“After it was clear that Mr. Levandowski could be liable for a substantial judgment, Uber reneged on its deal and refused to pay the expenses, including any potential judgment, as required by the indemnification agreement,” according to the engineer’s filing. Levandowski says Uber’s position is that it was “fraudulently induced” to indemnify him.“Uber insisted on controlling his defense as part of its duty to indemnify him. Then, when Uber didn’t like the outcome, it suddenly changed its mind,” Levandowski’s lawyer, Neel Chatterjee, said in an email. “What Uber did is wrong, and Anthony has to protect his rights as a result.”As bad as the outcome of the Google arbitration was, it only got worse for Levandowski. Last year, he was criminally indicted for stealing trade secrets from Google. He agreed last month to plead guilty to one count and faces as long as 30 months in prison when he’s sentenced in August. Also in March, the engineer filed for bankruptcy.Uber, standing by a regulatory disclosure it previously made about Google’s arbitration, said in a statement that whether Uber is ultimately responsible indemnifying Levandowski “is subject to a dispute” between him and the company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue
    TechCrunch

    Uber Eats beefs up its grocery delivery offer as COVID-19 lockdowns continue

    Uber Eats has beefed up grocery delivery options in three markets hard hit by the coronavirus. Uber's food delivery division said today it's inked a partnership with supermarket giant Carrefour in France to provide Parisians with 30 minute home delivery on a range of grocery products, including everyday foods, toiletries and cleaning products. The service is starting with 15 stores in the city, with Uber Eats saying it plans to scale it out rapidly nationwide "in the coming weeks."

  • Lockdowns Imperil U.S. State-Level Efforts to Allow Sport Betting and Tax the Rich
    Bloomberg

    Lockdowns Imperil U.S. State-Level Efforts to Allow Sport Betting and Tax the Rich

    (Bloomberg) -- A Michigan bid to raise taxes on the rich hits the rocks. A proposed amendment allowing sports betting at Indian casinos in California stalls. An effort to bring light to how political ads are funded in Arizona is suspended.Across the country, stay-at-home decrees are blocking the most essential part of efforts to get these proposals on ballots in November: Gathering signatures in person. The virus is preventing organizers from courting supporters in supermarkets and shopping malls just as deadlines loom.“The coronavirus is a huge blow to direct democracy,” said Fred Kimball, president of Kimball Petition Management, a California signature-gathering company. “I’ve never seen anything like it – never. Usually I’m the guy they call to fight through this and get a lot of stuff done at the last minute, but this year there’s nothing I can do.”Proposition 13California is among 24 states with initiative systems enabling voters to sidestep legislatures and place statutory changes and, in some places, constitutional amendments on ballots.The first state to adopt an initiative system was South Dakota in 1898, and since then states from Florida to Oregon have followed. California’s landmark 1978 measure limiting escalation of property taxes, Proposition 13, spawned a national movement and accelerated adoption of what advocates call direct-democracy initiative campaigns around the country.“There’s no question that the pandemic changes the strategy advocacy organizations are using to affect issues,” said Michael Latner, political science professor at California Polytechnic State University. “The work of these groups is going out, canvassing, meeting people and gathering support, and all that has to stop.”Signatures Are EverythingWhen signature drives stall, proponents are left with little recourse other than to wait until hand-to-hand canvassing is permitted again.Advocates can approach lawmakers about endorsing their ideas and introducing them as bills in state legislatures, said Wendy Underhill, director of elections and redistricting for the National Conference of State Legislatures. But in many cases proponents of ballot measures have already tried that path and found it unworkable.Initiatives require physical signatures that can be scrutinized and verified -– online signature-gathering isn’t permitted. While well-financed campaigns can try to shift to direct mail or online outreach, such methods are far less efficient than canvassing and more expensive, Latner said.Signature-gathering campaigns that have been suspended this year include an effort to identify donors behind political ad campaigns in Arizona, graduated-tax and lobbying-reform in Michigan, medical marijuana legalization in Nebraska, a citizen redistricting commission in Arkansas, a gun-control initiative in Oregon, a $5.5 billion bond issue for stem-cell research and a constitutional amendment permitting sports betting on Indian reservations in California, and many others.“In keeping with the governor’s statewide order for non-essential businesses to close and residents to remain at home, we’ve suspended all signature gathering for the time being,” said Sarah Melbostad, spokeswoman for the California stem-cell campaign, adding that the group believes it still has time to qualify.Some campaigns have already gathered the required number of signatures and appear likely to qualify. Those include a California proposal backed by ride-sharing companies Uber Technologies Inc. and Lyft Inc. to allow drivers to continue to be designated as independent contractors, rather than employees, while providing them with new benefits.The proposal was designed to counter a state law that took effect in January that aims to force companies, including Uber and Lyft, to treat more workers as employees who entitled to paid sick days and minimum wage, among other benefits.“We gathered more than a million signatures in seven weeks,” said Stacey Wells, spokeswoman for the campaign. “We didn’t know the coronavirus was coming. We had a lot people who were eager to sign and a thousand drivers who wanted to gather signatures.”The number of signatures needed and the deadlines for submitting signatures vary by state. In California, the functional deadline for submission of signatures to qualify for the November ballot is April 21, Kimball said. That allows counties and then the secretary of state’s office to review and verify signatures.California requires 623,212 valid signatures for an initiative to be placed on the ballot and 997,139 to qualify a constitutional amendment. In any drive, hundreds of thousands of signatures turn out to be duplicates or are otherwise deemed invalid, Kimball said, so campaigns try to gather many more than the minimum required.“I have contracts on two initiatives – a dialysis initiative and a pain-and-suffering initiative that adjusts the award limit in medical negligence cases,” he said. “Projecting a 70% validity rate, you need about 900,000 signatures, and I have about a million each for my two campaigns. Other campaigns have had to shut down because of the virus. Those initiatives will not be on the ballot because of it.”One campaign that suspended signature-gathering in the California is the group promoting sports wagering at Indian casinos.“We are just shy of one million signatures and would have reached our goal well ahead of the deadline before the unprecedented orders around Covid-19,” said Jacob Mejia, spokesman for the campaign. “We remain committed to bringing this issue to voters in November and are monitoring circumstances closely.”Tax, Lobbying Initiatives StalledWhile western states such as California, Oregon and Colorado are known for aggressive adoption of ballot measures – and for initiatives on every ballot that sometimes seek to sidestep laws or force action on issues lawmakers have declined to embrace – initiatives have become an increasingly popular method of forcing change in other places as well.In Michigan, the campaign to replace the state’s flat tax rate with a tiered plan taxing higher earners at higher rates and an effort to clamp down on lobbying in the state capital of Lansing are both casualties of the coronavirus, their organizers say. Both groups, Fair Tax Michigan and the Coalition to Close Lansing Loopholes, said they would suspend efforts to place measures on this year’s ballot and shift their goal to the 2022 election.“I can imagine that citizens who have been working on issues around the country are quite disappointed that this process has ceased to function,” said Underhill of the National Conference of State Legislatures. “It’s one more area where Covid has brought things to a screeching halt.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Meal delivery firms branch out into groceries during crisis
    Reuters

    Meal delivery firms branch out into groceries during crisis

    Uber Eats and Delivery Hero are expanding from providing restaurant meals into supplying groceries to customers stuck at home during lockdowns triggered by the coronavirus crisis. Uber Eats said on Wednesday it is teaming up with French supermarket group Carrefour for a new delivery service aimed at helping Parisians buy essential goods and food, and also has similar plans in Spain and Brazil. Berlin-based online marketplace Delivery Hero has also made changes to its operations spanning more than 40 countries to help get groceries to customers.

  • Meal Kits Are the Next Best Thing in Covid-19 Pandemic
    Bloomberg

    Meal Kits Are the Next Best Thing in Covid-19 Pandemic

    (Bloomberg Opinion) -- A whole generation of tech startups was built on the premise that the most lucrative business models aim to connect people or businesses on one side of the marketplace with people or businesses on the other side.Whether Tinder, Uber Technologies Inc. or Airbnb Inc., the platform theory held that acting as a facilitator for someone else’s offering meant you could scrape off commission while maintaining an asset-light business whose low operational costs rewarded you with high profitability. But no one foresaw an event that would shut down a whole side of the marketplace, and the coronavirus pandemic has done just that. For Airbnb, self-isolation means that nobody is travelling. There is plenty of supply with millions of listings still on the site, but the demand has all but evaporated. The same goes for Uber rides.In food delivery, it’s the supply side that has difficulties. On the whole, services like Uber Eats, Grubhub Inc., Deliveroo and Just Eat Takeaway depend on existing restaurants to cook meals. But for many, if not most, of those restaurants, the main business was still preparing food for on-site dining. Now that’s not possible in the U.K., France, Italy and elsewhere, continuing to operate as a delivery-only operation fundamentally changes the economics of the business: Restaurants still have operating costs, except now they might have to direct a quarter of their income to the food delivery platforms. Many have simply shut their doors completely because they can’t make it work. Chinese delivery platform Meituan Dianping is already feeling the impact, as my colleague Tim Culpan wrote yesterday. (Uber Eats and Grubhub are trying to counter the trend by subsidizing some restaurant costs.)Which is why companies like HelloFresh SE and Blue Apron Holdings Inc., long the subject of Silicon Valley derision, suddenly seem to have very sensible business models. On the surface, they are similar to the food delivery platforms: They too deliver food.The difference is that, because they deliver meal kits they put together in their own kitchens, they control the supply, whereas a firm like Deliveroo has to worry about ensuring it has enough restaurants and customers. HelloFresh’s concern is simply demand. Even then, there’s less need for as high a density of demand than for takeaway food — though of course it helps. Because customers cook the meals themselves, there’s less anxiety about a dish congealing in the panniers of a moped. While Deliveroo has started operating some of its own kitchens, it still has to compete with Grubhub, Just Eat Takeaway and Uber Eats on two fronts. HelloFresh can concentrate on one: customers.The upshot is that business is soaring for the meal-kit firms. HelloFresh said Monday it’s expecting first-quarter sales of between 685 million euros ($750 million) and 710 million euros, up from 420 million euros a year earlier. Analysts had been expecting revenue of 553 million euros. The company anticipates adjusted first-quarter Ebitda of as much as 75 million euros — in just three months, it's set to make about three quarters of the profit that analysts had anticipated for the full year. Uber, which isn't expected to be profitable at all on a similar basis until 2022, has seen just a 10% jump in U.S. orders at its food delivery business, according to The Information.HelloFresh stock is up 70% this year, valuing the Berlin-based firm at 5.2 billion euros — more than Grubhub or grocers Casino Guichard Perrachon SA and Wm Morrison Supermarkets Plc. Beleaguered Blue Apron’s shares have jumped more than fourfold from a March 13 low, giving it a $156 million market capitalization, though its ability to capitalize on surging demand is more limited — it has been cutting costs in recent months. Meanwhile HelloFresh is expanding: It plans to add 400 employees at a site in Oxfordshire, near London, according to the BBC.Silicon Valley dogma tends to dictate that assets are bad. But in some instances, more control over the factors of supply can be very satisfying indeed.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • How ride-sharing app Via is pivoting its business model in the age of coronavirus
    Yahoo Finance

    How ride-sharing app Via is pivoting its business model in the age of coronavirus

    Ride-hailing companies like Uber (UBER) and Lyft (LYFT) and Via are seeing steep declines in ridership as populations around the world stay home to contain the novel coronavirus, or COVID-19.

  • Uber co-founder Garrett Camp steps back from board director role
    TechCrunch

    Uber co-founder Garrett Camp steps back from board director role

    Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer -- where he says he'll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: "I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward." "I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale," he adds.

  • China’s Meituan Soars After Signaling Comeback From Covid-19
    Bloomberg

    China’s Meituan Soars After Signaling Comeback From Covid-19

    (Bloomberg) -- Meituan Dianping surged as much as 10% after the internet services giant said its food delivery business began to recover in March, when shuttered restaurants re-opened and much of China returned to work.Meituan, backed by Tencent Holdings Ltd., told analysts on a conference call Monday that demand for food delivery picked up this month, putting it on track for a longer-term recovery after Covid-19 froze a swath of the world’s second largest economy. But it also projected an operating loss and revenue decline this quarter, and warned that the full extent of fallout from the pandemic -- particularly on its travel and ride-sharing businesses -- remained uncertain in 2020. Its stock was up roughly 7% in early trade after Daiwa lifted its price target and said Meituan should return to growth in the second half.Meituan joined sector bellwethers from Sony Corp. to Apple Inc. and Twitter Inc. in emphasizing the difficulty of parsing an unprecedented event and its impact on their business. The Chinese company is one of the most exposed of the country’s major tech corporations to the spread of Covid-19. The company’s outlook is further clouded by China’s worsening economy, which may contract this quarter for the first time since 1989, denting consumer spending.“Although we have seen gradual recovery from March especially for food delivery business, the active merchants of our in-store service category remain at a very low level as of late March,” Chief Financial Officer Chen Shaohui said on the call. “We expect consumers will need more time to build their consumption confidence for local consumption especially those discretionary consumption scenarios in our in-store business.”What Bloomberg Intelligence SaysDespite mild improvements in Meituan’s local services in late March as the virus outbreak subsided in China, the timing of a full operational recovery remains highly uncertain. Its food-delivery business may stay slow, with many restaurants still closed and consumers wary of interactions with delivery personnel. Its in-store, hotel and travel businesses may take even longer to recover, as users stayed home. Strong 42% sales gains and 117% gross-profit expansion in 4Q suggest Meituan’s longer-term growth drivers are intact. The company plans to maintain strategic investments in B2B food distribution and restaurant management systems.\- Vey-Sern Ling and Tiffany Tam, analystsClick here for the research.Read more: Chinese Abandon Food Delivery Fearing Drivers Will Spread VirusThe coronavirus dealt an as-yet unquantifiable blow to a company that, before the outbreak erupted in January, was on track to take its place among the country’s most influential technology corporations. While Meituan’s stock has taken a pounding like every other Chinese internet firm, a 2019 rally secured its position as China’s largest publicly traded internet firm after Alibaba and Tencent.“Market expectations were very low as investors have seen the damage COVID-19 has inflicted on offline service providers,” Nomura analyst Shi Jialong wrote.Meituan on Monday reported a better-than-expected 42% jump in revenue to 28.2 billion yuan ($4 billion) in the three months ended December, compared with the 26.5 billion-yuan average of analysts’ estimates. It booked a profit for the quarter of almost 1.5 billion yuan, versus expectations for a loss.The company still harbors ambitions well beyond its current core business. Meituan had been diversifying from takeout, investing in other online services including travel, competing directly against Alibaba Group Holding Ltd. But others are elbowing their way into Meituan’s turf. Ride-hailing giant Didi recently launched a delivery service similar to Uber Eats across major Chinese cities, while Alibaba-backed Alipay is also morphing into an all-in-one online services platform that allows everything from restaurant booking to car-hailing.Executives on Monday stressed the company will keep investing in new initiatives from bike-sharing to online groceries, an e-commerce segment that accelerated sharply after the pandemic forced millions to work -- and cook -- from home. Meituan said it’s setting up the logistics to support that business while exploring ways to roll out the business to more Chinese cities.“The pandemic has already caused severe disruptions to the daily operations of our merchants, including restaurants, local services merchants and hotels, which in turn resulted in downward pressure on our own operations for the first quarter of 2020,” Meituan said in its filing. “Due to the high uncertainty of the evolving situation, we are unable to fully ascertain the expected impact on full year 2020 at this stage.”Read more: Virus Outbreak Exposes $46 Billion Rift in China’s Tech IndustryFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Delivery demand amid coronavirus prompts workers to walk out, disrupting operations
    Yahoo Finance

    Delivery demand amid coronavirus prompts workers to walk out, disrupting operations

    As grocery outlets and retailers across the country ramp up employment to keep up with demand during the coronavirus outbreak, they’re also facing growing backlash from workers who say their lives are being put at risk. 

  • Life for investors will look vastly different after the coronavirus pandemic
    Yahoo Finance

    Life for investors will look vastly different after the coronavirus pandemic

    The markets will have to deal with the aftershocks of the coronavirus pandemic for years to come.

  • New services pop up to meet demand as telehealth market booms
    Yahoo Finance

    New services pop up to meet demand as telehealth market booms

    The use of video conferencing services like Zoom and Skype has seen a boom as of late as more look for easier ways to work and communicate remotely. Linguistics tech company Jeenie is looking to offer that same solution for those needing interpretation services.

  • Coronavirus: Uber offers NHS staff 200,000 free trips and 100,000 free meals
    Yahoo Finance UK

    Coronavirus: Uber offers NHS staff 200,000 free trips and 100,000 free meals

    The group said it's committed to "help keep the NHS and HSC on the move."

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