UBER
Uber +6% after winning legal battle in London
- Uber (NYSE:UBER) won its legal fight in London to keep its license
after a judge ruled in its favor today.
- The company introduced a new system in April to verify drivers'
identities through a mix of facial recognition and human reviewers in an
effort to allay concerns of the city's transport regulator.
- London is Uber's largest market in Europe by far, but the company is
seeing new competitors like India's Ola and Estonia's Bolt make a mark.
- Shares of Uber are up 5.89% in premarket trading to $36.49.
- Uber trades comfortably above its 50-day, 100-day and 200-day moving
averages.
|Today, 5:42 AM
Uber +6% after winning legal battle in London
- Uber (NYSE:UBER) won its legal fight in London to keep its license
after a judge ruled in its favor today.
- The company introduced a new system in April to verify drivers'
identities through a mix of facial recognition and human reviewers in an
effort to allay concerns of the city's transport regulator.
- London is Uber's largest market in Europe by far, but the company is
seeing new competitors like India's Ola and Estonia's Bolt make a mark.
- Shares of Uber are up 5.89% in premarket trading to $36.49.
- Uber trades comfortably above its 50-day, 100-day and 200-day moving
averages.
|Today, 5:42 AM
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