Roundtable 100 analyst upgrades Adobe ranking as AI revenue triples

Uber and LBT IP II asked a California judge to rule that Uber doesn't infringe LBT's location tracking patent, contingent on an appeal. LBT plans to appeal the judge's earlier decision defining the patent's scope, according to the parties' stipulation.

Ashley Jesus sued Uber in California court, alleging the company enrolled him in Uber One, a $9.99/month subscription, without consent. The lawsuit claims Uber uses promotional offers to automatically enroll customers, with charges appearing on their accounts without clear disclosure. Jesus seeks damages, refunds, and a court order for clearer disclosures. The proposed class includes U.S. customers who paid for Uber One after interacting with promotions.

Uber agreed to buy ezCater for $2.3B in cash, expanding Uber Eats into corporate catering. ezCater, with $2.5B in annual gross bookings, connects businesses to 140,000 US restaurants. The deal, pending approval, aims to grow Uber's higher-value food delivery segment.

Waymo, an Alphabet subsidiary, raised $5 billion in private debt to expand its robotaxi operations. The company, valued at $126 billion, aims to reach 1 million paid rides weekly by year-end. It operates in six U.S. cities and plans international expansion to Japan and Singapore. Waymo provided 15 million rides in 2025, up from 5 million in 2024. Blackstone, Sixth Street, and PIMCO participated in the debt offering, priced at 5.25% over benchmark rates.

Rocket Lab (RKLB) has secured full funding for its Iridium (IRDM) acquisition without using its $3.6B bridge loan. Iridium's $500M annual EBITDA could turn RKLB's $80M loss into ~$420M EBITDA. Up to 72M new shares may be issued, with 17M contingent on stock price.

Tesla's Virtual Power Plant (VPP) in California set a record on October 6, with 85,774 homes delivering 601 MW of electricity. The event surpassed a September peak of 507 MW from 69,000 homes. Tesla's VPP coordinates Powerwall batteries to support grid demand, benefiting both utilities and homeowners who are compensated for their participation.