ride-hailing

Ride-hailing company Uber Technologies Inc (NYSE: UBER) was fined $59 million in California on Monday for failure to comply with administrative laws regarding sexual assault and sexual harassment claims. What Happened: The California Public Utilities Commission (CPUC) found the company’s...

The COVID-19 pandemic has led to a surge in online purchasing — and the need to use logistics companies to ship COVID-19 vaccines during the holiday season and the surge in online orders is causing a perfect storm. What Happened: Logistics companies United Parcel Service (NYSE: UPS) and FedEx...

The Securities and Exchange Commission announced a new proposal on Tuesday, which could allow companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT), and DoorDash to compensate gig economy workers in equity. What Happened:...

SoftBank Group Corp (OTC: SFTBY)-backed Manbang, a trucking startup, raised $1.7 billion in its latest funding round, TechCrunch reported Tuesday. What Happened: The funding occurs two years after Manbang raised $1.9 billion from SoftBank, Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), and other...

Lyft analysts are sizing up the third-quarter earnings report from the ride-hailing company — and the announcement the company is exploring delivery options for retailers. Lyft Analysts On Q3: Raymond James analyst Aaron Kessler said Lyft Inc (NASDAQ: LYFT) showed gradual rides...

Analysts were raising their price targets on Uber Friday after the company reported third-quarter earnings led by strong growth in the delivery segment. Uber Delivery The Standout: The delivery business for Uber Technologies (NYSE: UBER) reported 125% year-over-year revenue growth in the third...

California has voted in favor of Proposition 22, a ballot measure that exempts ride-hailing companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) from classifying drivers as employees, reports the Wall Street Journal. What Happened: The...

In a setback for ride-hailing companies Uber Technologies Inc (NASDAQ: UBER) and LYFT Inc (NASDAQ: LYFT), a California appeals court ruled on Thursday that the companies must comply with August's injunction order requiring them to reclassify the drivers as their employees,...

Uber Technologies (NYSE: UBER) has been granted a new license to operate in London after a judge upheld the ride-hailing company’s appeal against Transport for London. The Uber Analyst: BofA Securities analyst Justin Post maintains a Buy rating on Uber with a $44 price target....

Uber Technologies Inc (NYSE: UBER) shares are down 5.4% in the last three months, and one of the biggest factors weighing on the stock is California’s AB5 law, which could potentially completely overhaul the company’s business model by forcing Uber to classify its drivers as employees...

While low ride volumes and increased regulations will remain headwinds in the near-term, Uber Technologies Inc (NYSE: UBER) is well-positioned to tackle these challenges and capitalize on the structural trends toward ride-sharing and delivery, according to Daiwa Capital Markets. The Uber...

Uber Technologies Inc (NYSE: UBER) made it clear to the public Wednesday that it wouldn't hesitate to shut down its operations in California if the state proceeds with a new law mandating that the ride-hailing company treat drivers as employees. What Happened: Uber has 10 days to...

Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) must classify their workers as employees with benefits, a judge in San Francisco, California, ruled Monday, Bloomberg reported. What Happened Ride-hailing companies’ efforts to avoid paying benefits, such as health care...

The Street's reaction to Uber Technologies Inc's (NYSE: UBER) $2.65-billion acquisition of Postmates is mixed as some analysts are praising the deal while others question the logic. DA Davidson's White: No Major Change In Food Delivery  The U.S.-based market share Postmates holds...

Amazon.com (NASDAQ: AMZN) has agreed to acquire self-driving startup Zoox Inc for the reported amount of $1 billion. The company has not confirmed the amount of the transaction reported by The Information. The deal is subject to customary closing conditions. Zoox is ...