Uber Stock Holds Steady Amid Scam Warnings — But a $200M Payout Is Still on the Table

Court: N.D. California

Case: 3:19-cv-06361

Uber UBER is under fire again this week after a new scam targeting its passengers made headlines. According to a Newsweek report, fake drivers are calling users through the app itself and pretending to be Uber support staff. They ask for email addresses, phone numbers, and verification codes — and once they get them, they take over the account and drain linked payment methods.

While the company says it never asks for this information and urges users to report anything suspicious, the story has reignited concerns over platform security. Still, UBER stock remains relatively stable — up 11% YTD and hovering above its $63 support level. Traders are also eyeing low volatility levels on weekly options, which could make this a potential setup for a bounce.

Don’t Forget the Legal Side: UBER’s $200M Settlement

While investors follow scam alerts and trading patterns, long-term shareholders may have missed a big update — Uber’s $200 million settlement with investors over claims tied to its IPO and hidden regulatory and safety risks.

• May 9, 2019: Uber goes public, raising $8.1B.
• Aug 8, 2019: Q2 results reveal $5.2B loss; UBER falls 20%.
• Oct 4, 2019: Investors sue over misleading IPO statements.
• 2017–2019: Uber accused of bypassing laws in global markets.
• Pre-IPO: Reports reveal 5,981 sexual assaults and 100+ deaths on rides.

• Uber settled the case for $200 million.
• If you held UBER during the affected period, you may still qualify.
• Late claims are currently being accepted.
• Payouts typically take 8–12 months after court approval.

You can check more information about it and file for a payout HERE.

Are you following the UBER scam warnings? Or filing your claim while the stock sets up for its next move?