Uber's Trading Volume Surges 112.39% to $3.363 Billion Ranking 17th in Market

On May 12, 2025, Uber's trading volume reached $3.363 billion, marking an 112.39% increase from the previous day, placing it 17th in the day's stock market rankings. Uber's stock price rose by 6.39%, marking its second consecutive day of gains, with a total increase of 7.05% over the past two days.

Pomerantz LLP has initiated an investigation into claims on behalf of Uber Technologies, Inc. investors. The investigation focuses on whether Uber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. This comes after the Federal Trade Commission (FTC) filed a lawsuit against Uber on April 21, 2025, alleging violations of the FTC Act and the Restore Online Shoppers' Confidence Act. The FTC's lawsuit specifically alleges that Uber's Uber One subscription service charged customers without their consent, failed to deliver promised savings, and made it difficult for users to cancel their subscriptions.

Following the news of the FTC's lawsuit, Uber's stock price experienced a decline. The investigation by Pomerantz LLP aims to protect the rights of investors who may have been affected by these alleged unlawful practices. Investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980 for more information about joining the class action.