What's Going On With Uber Technologies Stock Today?
Portfolio Pulse from Adam Eckert
Uber Technologies Inc (UBER) and Oracle Corp (ORCL) have announced a new offering called Collect and Receive, which connects retailers and consumers to enhance last mile delivery. The service is supported by Oracle's retail data store and cloud platform technologies. This announcement builds on Uber's previously announced seven-year strategic cloud partnership with Oracle. Uber shares were up 0.57% at $46.77 at the time of publication.
September 19, 2023 | 2:54 pm
News sentiment analysis
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POSITIVE IMPACT
Oracle's collaboration with Uber on the new offering, Collect and Receive, could potentially increase its exposure and usage of its retail data store and cloud platform technologies.
The collaboration with Uber could potentially increase the exposure and usage of Oracle's retail data store and cloud platform technologies. This could lead to increased revenues for Oracle.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Uber's new offering with Oracle, Collect and Receive, could potentially boost its revenues and customer base. The stock was up 0.57% at the time of the announcement.
The new offering could potentially increase Uber's revenues by providing a new service for retailers and consumers. This could also attract more customers to Uber, thereby increasing its customer base. The stock price increase indicates positive market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100