Daily Archives: October 31, 2024

Finance

Uber is changing into a software company:Uber Stock Plunges as Q3 Bookings Disappoint

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UBER reported third quarter results beating Wall Street expectation on both earnings.

The rideshare platform posted revenue of $11.19 billion surpassing estimates of $10.99 billion.

Uber stock faced pressure due to weaker than expected gross bookings and reduced fourth quarter outlook.

Uber is demand network Jang states arguing that technologies like Waymo and Tesla TSLA vehicles will take time to impact the market.

scout suv reservations

Uber global network software and 24/7 operation provide advantage that companies may desire to use in future.

These positive metrics Uber stock faced pressure due to weaker than expected gross booking and reduce fourth quarter outlook.

Uber CEO Says Company Continues to Advance AV Strategy

“We delivered yet another record quarter of profitable growth at global scale reflecting strength of our platform which now has over 250 million Uber One members”

Uber Chief Executive Officer CEO Dara Khosrowshahi said adding that company is continuing to advance our autonomous strategy.

Uber shares have gained close to 30% since begin of year though down from record levels reached in days following Tesla TSLA robotaxi event this month.

Uber stands to suffer if Elon Musk rolls out driverless robotaxi and disrupt the ride hailing industry.

Uber Technologies shares are dropping Thursday as ride hailing giant posted weaker than expected gross bookings in third quarter.

Uber top and bottom line results handily beat analysis estimates.

The company reported revenue for period of $11.19 billion versus the $10.98 billion estimate.

Net Income of $2.6 billion beat estimates by margin includes a $1.7 billion pre tax benefit from gains in Uber revaluation of its equity investments.

The company said gross booking rose 16% year over year to $41 billion in third quarter below estimates from Visible Alpha of $41.3 billion.

Trips grew 17% to 2.9 billion in line with estimates.

american airline
The company freight business reported $1.31 billion revenue for quarter an increase of 2$ year over year.
Uber mobility section reported $6.41 billion revenue up 26% fr4om year before.
The company delivery segment reported $3.47 billion revenue up 18% from year prior analysts were expecting $3.43 billion.
Uber reported adjusted EBITDA of $1.69 billion up 55% year over year and above the $1.64 billion by analysts polled by StreetAccount.
The company reported a net income of $2.6 billion or $1.20 per share up from $221 million or 10 cents per share in same quarter past year.
Uber said its net income consist a $1.7 billion pre tax benefit from gains related to reevaluation of its equity investments.
Uber revenue rises 205 in third quarter from $9.3 billion a year before.
The company said $40.97 billion in gross bookings for period which is low $41.25 billion expected by analysts.

 

Finance

ABC news affiliate broadcasts fake election results showing Kamala Harris winning Pennsylvania

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The broadcaster clarified the numbers were random data test and beg pardon for confusion ensuring it would not repeat again.

ABC affiliate WNEP-TV aired election results erroneously showing VP Kamala Harris winning Pennsylvania a week before Election Day.

The image which showed VP Harris win with 52% of vote over Republican challenger Donald Trump 47% popped up during station Sunday coverage of the Formula 1 Mexico Grand Prix sparking online theories and cri

al smith dinner 2024 televised

ticism for network.

 

Kamala Harris and Donald Trump are competing close election in state of Pennsylvania with Real Clear Politics showing Trump holding a slim 0.7% lead 48.2% to Harris 47.5%.

The VP has a edge in polling averages.

On November 5 Americans will decide who succeed President Joe Biden Back in 2020.

Biden won Pennsylvania edging out Trump by 80,555 votes a margin of 1.17% according to Post.

Pennsylvania 19 voting position are important in fight to hit the 270 mark need to win electoral College.

The 538 presidential prediction adds Pennsylvania is going to close with Trump tipped to win about half the time.

The cheating game is on one user said accusing ABC of partial.

election

ABC is rigging it for the Democrats revoke their license.

“I am screenshotting this and if same thing shows up on November 5 we will talk”

ABC has faced backlash this election season with critics accusing the network of leaning toward Democratic perspectives during recent Harris Trump debate where some viewers felt the moderators showed Harris undue favor.

 

Finance

Krispy Kreme giving away free doughnuts on Election Day

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Krispy Kreme revealed it will be giving free original doughnut to all consumers on Election Day which is Tuesday Nov. 5.

lamar’s donuts wichita ks

They will be passing out “I voted” stickers while supplies last especially for those who voted early and desire a fresh sticker along with their fresh doughnut the company added in release.

The polls will be open from 6:30 am to 7:30 pm on Election Day there is still time to vote early as well.

The treat limited to one per guest will be available at participating US locations.

“Participating in our democracy should be celebrated. So we are happy to sweeten everyone day with free Original Glazed doughnuts on Election Day” said Dave Skena global chief brand officer for Krispy Kreme in press release.

Krispy Kreme is celebrating “doughmocracy”

Krispy Kreme is giving voters sweet incentive this Election Day.

The doughnut company and coffeehouse chain is celebrating “doughmocracy” once again for 2024 presidential election at participating US stores.
Fast food chains participating in good deals included Baskin Robbins where instead of candy trick or treaters can treat themselves to 31% off of ice cream scoops ordered on app for Halloween.
Burger King is happy to share their new Addams Family menu which runs through Nov.10.
Chipotle is getting into spooky spirit with their $6 “Boorito” deal perks can be found at Pizza Hut.
Raising Cane Sonic and Wendy while supplies last.
In 47 states plus District of Columbia Guam Puerto Rico and Virgin Islands voters can cast their votes early and in person according to National Conference of State Legislatures.
Krispy Kreme participated in giveaways in past year in March for Super Tuesday when 16 states hosted presidential primaries.
The nationwide deal famous as Krispy Kreme Super Twosday and allowed for consumers to pick up on two doughnuts no purchase.
Those who can not wait full week for the chain Election Day deal.Krispy Kreme has sweet treat in time for Halloween.
On Thursday Oct 31 costumed customers can sink fangs into free Original Glazed doughnut at Krispy Kreme again no purchase required.
Burger King to share their new Addams Family menu which runs through Nov 10
lamar’s donuts wichita ks