Market News / Story
UBER Stock In Focus: Uber's $2.3B Bet On ezCater Fails To Lift Retail Mood
Stocktwits ·
Stocktwits reports: Uber Technologies Inc. (UBER)’s $2.3 billion ezCater acquisition has failed to evoke retail traders’ enthusiasm. The deal expands Uber’s reach into lucrative group and workplace catering, but the hefty price tag and retail reaction suggest investors want more than another growth bet. Uber Technologies stock inched 0.06% higher overnight, ahead of Wednesday. Acquisition Expands Uber’s Catering Reach Uber and ezCater have agreed to an all-cash transaction that combines…