Business
Two Uber vehicles together
(Artur Widak/Getty Images)
ride or dine

Uber wants customers to bulk buy rides, restaurants to batch cook value meals

The company is already making more trips and deliveries than ever.

Tom Jones

Whether you’re a delivery fiend with a penchant for a popular dish from a local spot, or you’re someone who makes the same monotonous cab ride multiple times a month, Uber wants to make your routine a little cheaper.

Yesterday, the company announced a raft of changes across its services, with The Verge presenting one new feature — where riders can bulk buy 5, 10, 15, or 20 passes for the same route at a discounted rate — as an attempt to “chip away at the perception that its ride-hailing service is too expensive.”

Similarly, “Meal Deals,” a new Uber Eats offering, is also designed to save users a bit of cash, with a range of popular dishes prepped in batches at local restaurants priced at $15 or less, including fees.

With a renewed focus on its power customers, Uber’s latest initiatives might help the company book a few extra trips. However, its riders and drivers are already busier than ever, with the number of deliveries and taxi rides booked through Uber hitting record highs as it is.

Uber trips chart
Sherwood News

In 2018, Uber was clocking just over 1.1 billion “trips” (a composite measure of the number of rides and food delivery orders completed on the platform) in the first three months of its fiscal year. In the last quarter, it notched almost 3x more than that, as users hopped into cabs and ordered private burrito taxis a staggering 3.27 billion times on the platform across Q2.

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

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Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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