Uber shares climb as Eats retail push, robotaxi deals stay in focus
Uber Technologies jumped 7.2% to $74.70 Wednesday morning after the company brought more retail brands to Uber Eats. Investors are still looking at how Uber’s delivery size stacks up against what it spends and when robotaxis could happen. Shares of Lyft were up 5.5%. Tesla was flat. Uber is adding Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors and Choice Pet for U.S. shoppers on its Uber Eats, Uber and Postmates apps. “Customers are using Uber Eats for more than meals,” said Hashim Amin, head of retail for North America at Uber.