The Next Big Risk for Tech Stocks Is Already Brewing [MarketWatch]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: MarketWatch
The new round of belt tightening threatens to cascade into a bigger problem—a slowdown in enterprise technology spending. Along with a rapidly fading global economy, it could drive another leg down in the industry's earnings outlook. Since last month, well-known technology investors have been waving the caution flag, telling executives to act quickly in the tougher market environment. One of the largest venture-capital firms a16z chimed in on Friday and told start-up founders they should reassess their financial situation and adjust spending plans , accordingly. Several companies have taken aggressive action. Robinhood (ticker: HOOD) started it off in late April by announcing it was laying off 9% of its workforce to improve operational efficiency. On Wednesday, Reuters reported Meta Platforms META ) management has told its staff to expect more cutbacks because it could no longer afford certain projects. A day later, Twitter (TWTR) revealed it had fired two senior executives , pau
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UBER
News
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- Uber rider verification program rolls out in Detroit, 14 other cities [CBS News]CBS News
- Two-thirds of boomers nearing 65 don't have enough saved for retirement [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 2/7/24 - Beat
UBER
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- UBER's page on the SEC website