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Angi Inc. (NASDAQ:ANGI) shares are trading higher today. JMP Securities analyst Nicholas Jones initiated coverage at Market Outperform and a price target of $3.25. The analyst states that ANGI maintains a leading position in home maintenance, repair, and renovation. They expect the company to resume growing its market share beginning in 2025, leveraging improved monetization efforts as service requests increase. Jones writes that they see significant long-term trends favoring the company, including aging homes and affordability considerations motivating homeowners to renovate rather than relocate. However, ANGI is also in the initial phases of expanding internationally. In 2023,

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Uber Technologies, Inc (NYSE:UBER) with a price target of $90. Nowak flagged that UBER’s growth-adjusted multiple is now lower than Lyft, Inc (NASDAQ:LYFT) and Maplebear Inc (NASDAQ:CART), which creates an attractive entry point.  He highlighted that this pullback has come as investors need more confidence in upward revisions. At the same time, fears around Robotaxi and autonomous driving disruption have re-emerged following the release of Tesla Inc’s (NASDAQ:TSLA) new autonomous capabilities and the announcement of its Robotaxi event on August 8.  Also Read: Tesla’s Robotaxi Plans: Potential Threat Or Future

Uber Technologies, Inc (NYSE:UBER) is being sued for millions by over 10,500 London black-cab drivers, claiming the company unlawfully secured a license in 2012, which led to their business loss.  The lawsuit, organized by RGL Management and estimated at roughly $312.90 million (250 million Sterling Pounds) in damages, accuses Uber of siphoning business away from local drivers.  Over 10,500 black-cab drivers allege that Uber improperly acquired a license from Transport for London (TfL) in 2012, which they claim enabled Uber to divert business from traditional taxi operators unlawfully, the Financial Times reports. In 2017, TfL refused to renew Uber’s license, judging it not a “fit a

Uber Technologies, Inc’s (NYSE:UBER) Uber Eats is introducing a TikTok-style short-form video feature to enhance food discovery and enable restaurants to highlight their offerings more vividly.  This feature, which is currently undergoing testing in New York, San Francisco, and Toronto, represents Uber Eats’ foray into the burgeoning realm of short-form video content, aligning with a trend popularized by platforms like Meta Platforms Inc (NASDAQ:META) Instagram, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube, Snap Inc (NYSE:SNAP) Snapchat, Netflix Inc (NASDAQ:NFLX), and recently Microsoft Corp (NASDAQ:MSFT) LinkedIn.  The feature showcases videos in a swipeable format, visible in ca

Uber Technologies, Inc. (NYSE:UBER) shares are trading higher in the morning session on Friday. Yesterday, the company entered into a new nationwide partnership with The Vitamin Shoppe, bringing the New Jersey-based health and wellness retailer’s selection to the Uber Eats app. About 700 locations of The Vitamin Shoppe and Super Supplements are now available for ordering on Uber Eats across the U.S. Read More: Health On Demand: Uber Eats Partners With The Vitamin Shoppe Earlier this month, Uber Health collaborated with Acadia Healthcare Company, Inc. (NASDAQ:ACHC) to improve access to life-saving behavioral health care and addiction treatment. The companies will initially focu

GoPro, Inc. (NASDAQ:GPRO) disclosed a plan to reduce its global workforce by about 4% to lower operating costs and drive stronger operating leverage. The company expects the restructuring to result in estimated aggregate costs of about $7.5 million.  GoPro projects cash expenditures of about $2.0 million of the estimated aggregate costs from the job cut in the first quarter of 2024. The remaining expenditures will mainly related to planned reductions of office space.  The company estimates impairment charges of around $3.3 million in the first quarter of 2024 due to a reduction in office space and anticipates roughly $2.2 million of office space charges through January 2027. 

Uber Freight is aggressively pursuing growth in Europe’s diverse logistics sector, targeting a tenfold increase in its freight management to 2 billion euros by 2028 through a comprehensive digital platform that oversees companies’ entire supply chains.  Despite being a smaller segment of Uber Technologies Inc (NYSE:UBER), contributing 14% of its total revenue in 2023, Uber Freight’s revenue dipped nearly 25% from the previous year, primarily due to declining trucking rates.  However, the situation shows improvement as supply chain issues are resolved, and excess inventories normalize, Bloomberg reports. Also Read: Lyft’s Q4 Earnings Beat Raises Stakes: Analyst Upgrades and First Pos

As Americans gear up for the holiday season, the latest Bank of America Winter Spending Survey has unveiled a significant shift in holiday spending trends, particularly among younger Americans. With more than 40% of respondents expressing their intention to tighten their belts this festive season, what stands out most is the resilience of the younger generations when it comes to their holiday shopping plans. In fact, millennials and Generation Z seem least inclined to reduce their holiday expenditures. However, to maintain a healthy spending pattern, the survey also sheds light on a significant surge in the adoption of “Buy Now, Pay Later” services within this population cohort. This