Uber stock price dips as NYC tipping-law setback hits delivery apps; what’s next for UBER shares
Uber shares fell 0.3% to $82.31 Friday after federal judges rejected attempts by Uber, DoorDash, and Instacart to block New York City’s new delivery app tipping rules, set to start Jan. 26. All three companies plan to appeal. Investors await Uber’s Feb. 4 earnings for signs of regulatory impact on delivery margins.