Uber is being sued for over $300 million by thousands of London's iconic black cab drivers [Business Insider]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Business Insider
"Uber deliberately misled Transport for London," London's transport authority, a firm representing the drivers said. Uber has dismissed the claims made in the lawsuit as "completely unfounded." Thousands of taxi drivers in London are suing Uber for £250 million ($313 million), numerous media outlets reported. The lawsuit alleges Uber improperly got its license to operate in the British capital, and that it intended to unlawfully gain market share — taking business away from the existing black cabs, which have become an icon of the city. "Uber knew this at all material times; and that in order to obtain its licence Uber deliberately misled Transport for London as to how that operating system worked," said RGL Management, the legal firm representing the drivers, per Bloomberg. An Uber spokesperson told Bloomberg the claims are "completely unfounded." More follows …
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UBER
News
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- Uber Technologies, Inc. (NYSE: UBER) had its price target lowered by analysts at Loop Capital from $88.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- Uber Technologies, Inc. (NYSE: UBER) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $80.00 price target on the stock.MarketBeat
UBER
Earnings
- 5/8/24 - Miss
UBER
Sec Filings
- 5/15/24 - Form 4
- 5/14/24 - Form 8-K
- 5/13/24 - Form 144
- UBER's page on the SEC website