Bill Gross warns on gold momentum as regional bank stocks tumble
Uber Technologies (NASDAQ:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of common stock on September 16, 2025, at a price of $99.42, totaling $273,405. The transaction occurred near Uber’s 52-week high of $99.70, with the stock showing impressive momentum, having gained 57% year-to-date.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Mahendra-Rajah on December 17, 2024.
On the same day, Mahendra-Rajah also exercised options to acquire a total of 3,697 shares upon vesting of Restricted Stock Units.
In other recent news, Uber Technologies has announced a strategic partnership and investment in Flytrex, a drone delivery company. This marks Uber’s first foray into autonomous aerial logistics, with plans to integrate Flytrex’s drone delivery system into the Uber platform by the end of 2025. Additionally, Uber has partnered with Designer Brands, enabling nearly 500 DSW stores to offer footwear and accessories through the Uber Eats platform across the contiguous United States. This collaboration allows customers to order items for on-demand or scheduled delivery directly via the Uber Eats app.
In legal developments, the U.S. government has filed a lawsuit against Uber, alleging discrimination against passengers with disabilities. The lawsuit claims Uber routinely refused service to individuals with disabilities, including those with service animals or stowable wheelchairs. Furthermore, Uber Eats has teamed up with fintech company Pipe to offer working capital to eligible U.S. restaurants. This integration will allow restaurants to access customized capital offers based on revenue and business performance through the Uber Eats Manager platform.
In another development, Uber faces potential competition as Waymo received permission to start autonomous vehicle operations at San Francisco International Airport. This move by Waymo, a subsidiary of Alphabet Inc., poses a potential challenge to Uber’s airport business, which is a significant revenue source.
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