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UBER TECHNOLOGIES, INC.

(UBER)
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Uber Technologies : offers free digital language courses for drivers worldwide

07/29/2021 | 01:34pm EDT

Ride-share company Uber announced on Thursday that its drivers will soon be able to learn a new language at no cost, as part of an employee improvement initiative.

CEO Dara Khosrowshahi, who emigrated from Iran in the 1970s, announced the move and other resources for drivers. He said the improvements can help drivers excel in their careers and better connect with riders.

For the language learning, Uber said it's partnering with Rosetta Stone. Drivers in select markets will be able to learn from any of Rosetta Stone's 24 digital language courses.

Many Uber drivers are immigrants, including 82% of drivers in London, and 90% in New York City, according to The Verge.

The move comes as part of an effort to improve relations with drivers amid a shortage of drivers due to the COVID-19 pandemic.

Khosrowshahi also announced a partnership with Arizona State University to cover tuition for drivers who complete at least 3,000 trips.

The announcements came after Carrol Chang, Uber chief of U.S. and Canadian driver operations, told The Wall Street Journal recently the company was in talks to fund education and career-building programs for drivers.

Uber has also said it will launch a $250 million driver stimulus to boost earnings.

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

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Financials (USD)
Sales 2021 16 053 M - -
Net income 2021 -407 M - -
Net Debt 2021 3 344 M - -
P/E ratio 2021 -196x
Yield 2021 -
Capitalization 87 867 M 87 867 M -
EV / Sales 2021 5,68x
EV / Sales 2022 3,98x
Nbr of Employees 23 700
Free-Float 98,5%
Chart UBER TECHNOLOGIES, INC.
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Uber Technologies, Inc. Technical Analysis Chart | UBER | US90353T1007 | MarketScreener
Technical analysis trends UBER TECHNOLOGIES, INC.
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Mean consensus BUY
Number of Analysts 44
Last Close Price 46,63 $
Average target price 66,19 $
Spread / Average Target 41,9%
EPS Revisions
Managers and Directors
Dara Khosrowshahi Chief Executive Officer & Director
Nelson J. Chai Chief Financial Officer
Ronald D. Sugar Chairman
Sukumar Rathnam Chief Technology Officer
Yasir bin Othman Al-Rumayyan Independent Director
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