financetom
Business
financetom
/
Business
/
Market Chatter: Uber Rejects Claims of Pricing Disparity in India Based on Phone Model
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Uber Rejects Claims of Pricing Disparity in India Based on Phone Model
Jan 23, 2025 10:54 AM

01:42 PM EST, 01/23/2025 (MT Newswires) -- Uber ( UBER ) denied setting ride prices based on the type of phone a user has, following allegations from an Indian government agency, Reuters reported Thursday.

The Central Consumer Protection Agency sent a notice to Uber ( UBER ) after India's Minister of Consumer Affairs Pralhad Joshi claimed the company used "differential pricing" for Android and Apple (AAPL) phones, the report said.

There had been complaints that iPhone users were charged higher prices for the same ride compared to those using Android phones, it added.

An Uber ( UBER ) spokesperson reportedly denied the allegations and said the company is looking forward to working with the regulator.

Uber ( UBER ) did not immediately reply to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 68.19, Change: +0.37, Percent Change: +0.55

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vital Energy Q4 Adjusted Earnings Fall, Revenue Increases -- Shares Down After Hours
Vital Energy Q4 Adjusted Earnings Fall, Revenue Increases -- Shares Down After Hours
Feb 19, 2025
05:00 PM EST, 02/19/2025 (MT Newswires) -- Vital Energy ( VTLE ) reported Q4 adjusted earnings late Wednesday of $2.30 per diluted share, down from $2.55 a year earlier. Analysts polled by FactSet expected $2.24. Revenue for the quarter ended Dec. 31 was $534.4 million, up from $444.5 million a year earlier. Analysts surveyed by FactSet expected $554.1 million. Shares...
Zurn Elkay Water Solutions Insider Sold Shares Worth $1,088,858, According to a Recent SEC Filing
Zurn Elkay Water Solutions Insider Sold Shares Worth $1,088,858, According to a Recent SEC Filing
Feb 19, 2025
04:59 PM EST, 02/19/2025 (MT Newswires) -- Jeffrey A Schoon, President, on February 14, 2025, sold 30,698 shares in Zurn Elkay Water Solutions ( ZWS ) for $1,088,858. Following the Form 4 filing with the SEC, Schoon has control over a total of 51,851 common shares of the company, with 48,946 shares held directly and 2,905 controlled indirectly. SEC Filing:...
Tenaris Q4 Earnings, Revenue Decline but Top Analyst Estimates; CFO to Step Down May 2
Tenaris Q4 Earnings, Revenue Decline but Top Analyst Estimates; CFO to Step Down May 2
Feb 19, 2025
05:00 PM EST, 02/19/2025 (MT Newswires) -- Tenaris ( TS ) late Wednesday reported Q4 net income of $0.94 per diluted American depository share compared with $1.92 a year earlier. Analysts polled by FactSet, on average, expected $0.69. Revenue for the quarter ended Dec. 31 was $2.85 billion, compared with $3.41 billion a year earlier. Analysts expected $2.72 billion. The...
Coeur Mining Q4 Swings to Adjusted Earnings, Revenue Rises -- Shares Drop After Hours
Coeur Mining Q4 Swings to Adjusted Earnings, Revenue Rises -- Shares Drop After Hours
Feb 19, 2025
05:00 PM EST, 02/19/2025 (MT Newswires) -- Coeur Mining ( CDE ) reported Q4 adjusted diluted earnings Wednesday of $0.11 per share, compared to a loss of $0.02 a year earlier. Analysts polled by FactSet expected $0.14. Revenue for the quarter ended Dec. 31 was $305.4 million, up from $262.1 million a year earlier. Three analysts surveyed by FactSet expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved