UBS maintains Uber Technologies at Buy, raises price target to $107 from $106

Amazon added Uber Eats to Prime benefits, replacing Grubhub. DoorDash pursues a $17B Instacart acquisition, aiming to close by 2027-2028. Uber's CEO criticized the deal, citing merchant concerns. Walmart also expanded restaurant delivery options.

Uber lost its final appeal against an $81 million payroll tax bill in Australia, covering 2015-2020. The High Court ruled Uber liable, stating payments to drivers are subject to payroll tax. Uber accepts the decision but advocates for modernizing tax laws for digital platforms. The ruling may impact other businesses and sectors, according to the Business Council of Australia. The Transport Workers Union supports the decision, arguing it holds gig-economy companies accountable.

Amazon has ended its partnership with Grubhub and formed a new deal with Uber Eats. Prime members can now order food and groceries via the Amazon app, avoiding Uber's delivery fees for orders over $25. The partnership expands existing business ties between the companies. Prime users with active Grubhub Plus memberships can use them until 2027. Amazon is offering $20 off the first two orders to promote the service.

An Arizona man questioned Uber's pricing after being charged $32 for a ride, while his friend paid $18 for the same trip. Uber attributes fare differences to data points like trip time, distance, and demand. The FTC is investigating Uber's pricing practices, including potential use of personal data, with a 45-day response deadline.

Uber aims to have 700 robotaxis by year-end, expanding to 2,000 by 2027. The company will launch driverless vehicles in Las Vegas with Zoox and Motional. Uber plans to invest over $10 billion in robotaxis, partnering with Lucid and Rivian for vehicle supply. Driverless testing with Nuro and Lucid will start this quarter, with commercial service beginning in early 2024 in the San Francisco Bay Area and Houston.

Ukraine's Antimonopoly Committee approved Uber's acquisition of Delivery Hero, which owns Glovo's Ukrainian business. Uber will gain control of Glovo in 50 markets, including Ukraine, while SSW Partners will buy operations in 14 others. The deal values Delivery Hero at $14.8 billion. Glovo's co-founder expects positive impacts on its Ukrainian business, one of the company's top five markets with double-digit growth.