Uber's underperformance in the stock market may not reflect any weakness in the company's business fundamentals. Despite the fear surrounding the potential for robotaxis to disrupt the ride-sharing industry, Uber has the flexibility, financial stability, and adaptability to remain a significant player in the mobility industry. With a strong track record of revenue and profit growth, expanding profit margins, and impressive cash flow, Uber appears undervalued and worth considering as a buy for long-term investors.
A couple in New Jersey sued Uber after being severely injured in a crash caused by an Uber driver, but their case was dismissed due to a previous agreement they had made with the company. The agreement, which the couple's daughter approved while ordering food, included a clause stating that any incidents or accidents would be settled through arbitration rather than in a court of law. This ruling highlights the use of arbitration clauses by companies to protect themselves from legal action and raises questions about consumer rights and the impact of such clauses on individuals seeking compensation for injuries.
A couple who was seriously injured in a car accident involving an Uber driver lost their bid to take legal action against the company in court. The New Jersey court of appeals ruled in favor of Uber, stating that the arbitration provision in its terms and conditions was valid and enforceable. The couple's daughter had previously clicked "agree" to the updated terms of use while ordering food on the Uber Eats app. The ruling has raised concerns about the power of large corporations and the impact of hidden contractual language on consumer rights.
A recent ruling by state judges in New Jersey has prevented a couple, Georgia and John McGinty, from suing Uber for injuries they sustained in an accident. The judges cited a clause in Uber's terms of use stating that disputes must be settled through arbitration rather than in court. The McGintys claim they were unaware of this clause and had only agreed to it when their daughter, then 12, accepted the terms prior to ordering food on Uber Eats. This decision potentially sets a precedent for other cases involving companies with similar arbitration clauses.
A couple from New Jersey, who were left with serious injuries after their Uber crashed, have been told they cannot sue the company because of the terms they accepted when using the app. Despite arguing that they had not understood they were forfeiting their right to sue, state judges ruled that the couple had clicked a "confirm" button multiple times agreeing to Uber's terms of use. The terms state that all claims must be resolved in arbitration, meaning the dispute is settled through a third party rather than in court.
A video of an Uber Eats delivery driver entering a classroom during a lecture to hand off an order has gone viral on Instagram. Many viewers have had varying reactions, with some finding the interruption disrespectful and others being impressed by the chill reaction of the professor. This use of food delivery apps in unexpected ways has become a trend on social media, often garnering millions of views and sparking discussions.
Rahul Gandhi, the leader of opposition in the Lok Sabha, took a cab ride with an Uber driver and heard about the challenges faced by gig workers. In a video posted on social media, he discussed the low income and high inflation affecting their lives and promised that Congress-led state governments would make concrete policies to address their issues. He also mentioned that the INDIA 'janbandhan' will ensure nationwide implementation of these policies to provide justice and support for gig workers in the country.
Indian politician Rahul Gandhi shares an eye-opening experience while taking an Uber ride in Delhi. He discusses with the driver, Sunil Upadhyay, the difficulties faced by gig workers in India and later meets with Upadhyay's family to further understand their challenges and aspirations. Gandhi promises to address the issues faced by gig workers through Congress policies and the nationwide expansion of INDIA Janbandhan.
A troubling incident of racism and violence in the United States has gone viral after a passenger in an Uber was caught on camera attacking the driver with pepper spray. The assault, which occurred in Manhattan, has sparked outrage on social media and raised questions about the safety of ride-sharing services for minority individuals. The video has been viewed over a million times and has prompted strong reactions from viewers, causing many to call for justice and accountability for the perpetrator.
A viral video shared by a US vlogger introduces viewers to the concept of an 'Uber walker' - a person who can safely escort you on short, walkable trips. While the authenticity of this service is uncertain, some viewers suggest that Uber might actually offer it. The video showcases the unique and friendly connection between the 'Uber walker' and his passengers, making every walk a new adventure.