Uber Technologies (UBER) Targeting Parking Spots With Eyes on SpotHero

4 days ago 7

Jabran Kundi

Wed, January 7, 2026 astatine 5:50 AM CST 2 min read

Uber Technologies Inc. (NYSE:UBER) is 1 of the 8 champion American stocks to bargain and clasp successful 2026. On December 31, Valida Pau and Cory Weinberg of The Information reported that Uber Technologies is successful talks to get SpotHero, a parking app that is progressively gaining traction among users. SpotHero is utilized to reserve parking spaces, thing that offers a earthy synergy with ride-hailing, Uber’s main business. For instance, Uber users could question to a parking spot they person already booked and power to ride-hailing aft leaving their idiosyncratic car there.

Photo by Zhuo Cheng you connected Unsplash

The quality outlet that broke this quality was incapable to enactment a fig to the imaginable deal, reporting that negotiations are ongoing and determination is nary warrant that the woody volition spell through. SpotHero’s astir caller backing circular valued the institution astatine $290 million.

Interestingly, SpotHero has a past of moving with a ride-hailing app acknowledgment to its concern with Lyft successful 2022 and 2023. This concern was terminated due to the fact that Lyft wanted to absorption connected its halfway concern of ride-hailing and discontinue non-core initiatives similar booking a parking spot. The termination, therefore, did not person thing to bash with SpotHero, which lone became a unfortunate of a strategical displacement astatine Lyft’s end.

Uber Technologies (NYSE:UBER) is simply a multinational proscription institution chiefly known for its ride-hailing services. Apart from ride-hailing, it besides offers nutrient delivery, courier services, and freight transport. It is headquartered successful San Francisco, California.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.