UBER (UBER)

EARNINGS RELEASE MONDAY - NOVEMBER 4 (AMC)

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JUMP REPORT

Avg Daily Volume: 10,302,055    Market Cap: 53.33B
Sector: None    Short Interest: 5.63

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:        -.81/share     REV:  3,690/M
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     LAST QTR:  EPS:         -3.19/share     ACTUAL:  -4.72/share  (MISS)
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     NEXT QTR:  EPS:        -.75/share     REV: 4,030/M
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     FULL YR:     EPS:          -7.10/share    REV: 13,980/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  0% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -9.91, NONE

EXPECTED JUMP MOVE:  8-12%

Links To Latest News and Headlines

Uber Technologies (NYSE: UBER) is aiming to expand in Europe through a splashy acquisition, it seems. An article published Wednesday by Reuters cites a report in German business publication Manager Magazin saying that the ridesharing giant is offering over 1 billion euros ($1.2 billion) for Free Now. This is a ridesharing business jointly owned by European auto giants Daimler (OTC: DDAIF) and BMW (OTC: BAMXF).

Uber (NYSE: UBER) CEO Dara Khosrowshahi said prices will rise 20%-40% in large cities, and will rise to 100% in small cities in California, speaking at the WSJ Tech Live event. Khosrowshahi discussed the evolution of the sharing economy, progress on rebuilding trust with local regulators around the world and the path forward for gig economy workers.Telecom giant AT&T & Inc's (NYSE: T) CEO John Stankey said on Monday that the streaming video service HBO Max is attracting viewers, but is at a disadvantage against tech giants like Apple, Amazon and Alphabet. Richard Branson, the founder of Virgin Galactic Holdings Inc (NYSE: SPCE), said Virgin Orbit has “spent about $1 billion so far,” with a budget for four attempts to reach orbit including the one conducted in May.Branson said that the company is expected to use a spaceplane to transport passengers to the edge of space in the next few months.During a presentation on Wednesday, Michael Wolf, the chief executive of consulting firm Activate, said the coronavirus pandemic has accelerated gaming's popularity; he said the time spent gaming increased by 29% during the outbreak.Wolf's firm predicts the consumer gaming industry will reach a value of $198 billion by 2024.Related Link: Tech Giants Have Too Much 'Market Power' Over Streaming, AT&T CEO SaysPhoto courtesy of Uber. See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Why Zosano Pharma's Stock Is Trading Lower Today * Why Marin Software's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

21 Oct, 2020 @ 19:38 by Yahoo! Finance

(Bloomberg) — Three years after he was ousted from Uber Technologies Inc. under a cloud of controversy, Emil Michael is back. His latest venture asks investors to buy shares in a company before knowing which business they’re actually backing.The new venture, DPCM Capital Inc., listed its shares Wednesday on the New York Stock Exchange. The offering raised about $300 million, higher than the $250 million initially expected. DPCM Capital plans to help fund one or more companies yet to be identified, but will likely target tech companies based in the U.S., valued in the $1 billion to $2 billion range, according to filings. Michael joins a rush of businesspeople, big-name investors and celebrities to start so-called blank-check companies, more formally known as special purpose acquisition companies, or SPACs. More than 130 such deals have raised over $52 billion on U.S. exchanges this year, according to data compiled by Bloomberg. That’s roughly 50% more than the total raised in all previous years combined. Hedge fund manager Bill Ackman, former Facebook Inc. executive Chamath Palihapitiya and billionaire Peter Thiel each have blank-check companies of their own.The format asks investors to place a great deal of trust in the person running it. And it can be lucrative for the creator. The heads of these companies typically receive a stake of about 20%. But there are risks for investors. The U.S. Securities and Exchange Commission has recently given the structure more attention, because it allows companies to go public with less scrutiny than in a typical initial public offering.DPCM Capital is led by Michael and is affiliated with another figure from Uber’s early days, Shervin Pishevar. Michael, the former chief business officer, helped manage Uber’s aggressive growth in the middle of last decade while finding himself at the center of several of the company’s biggest scandals, including once threatening to dig up dirt on critical journalists.Pishevar, an adviser to DPCM Capital, was an early investor in Uber. The ride-hailing company and some of Pishevar’s other ventures began distancing themselves from the venture capitalist in late 2017 after five women accused him of sexual misconduct. Pishevar and Michael were both close with Travis Kalanick, the Uber co-founder and former chief executive officer, who was ousted from the company by board in 2017 after a series of privacy scandals and culture controversies.Two other men with ties to Pishevar are involved in DPCM Capital. The chief financial officer, Ignacio Tzoumas, runs a scooter company backed by Pishevar, and the legal chief, Kyle Wood, whose LinkedIn profile lists him as “consigliere” and who is the chief legal officer at Sofreh Capital, co-founded by Pishevar.All of the men associated with the venture either declined to comment citing regulatory disclosure rules or didn’t respond to requests for comment.Other advisers to the company include Eric Schmidt, the former Alphabet Inc. chairman. Its board of directors is slated to include XPrize Foundation founder Peter Diamandis, Desiree Gruber of brand agency Full Picture and investor Denmark West.(Adds trading information in the second 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.

21 Oct, 2020 @ 18:54 by Yahoo! Finance

Ride-hailing giant Uber reportedly offered more than 1 billion euros ($1.2 billion) for European rival Free Now, owned by BMW and Daimler.

Uber has offered more than €1 billion ($1.2 billion) to buy its rival Free Now, jointly owned by BMW and Daimler, according to reports.

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