ride-sharing

Trading in Lyft, Inc. (NASDAQ:LYFT) is quiet Friday. But that may not be the case for long. There is a good chance the shares are about to head lower. We have made Lyft our Stock of the Day. It may be breaking support. This is a bearish dynamic that could indicate the beginning of a new downtrend....

Thousands of drivers affiliated with ride-sharing giants Uber Technologies Inc (NYSE:UBER), Lyft Inc (NASDAQ:LYFT), and food delivery app DoorDash (NASDAQ:DASH) are reportedly set to go on strike on Valentine’s Day for fair pay. What Happened: The drivers, classified as independent...

Ride-hailing giant Uber Technologies (NYSE:UBER) is reportedly working with electric car maker Tesla Inc (NASDAQ:TSLA) to encourage drivers to switch to electric vehicles (EVs) in a bid to achieve an emission-free fleet in the U.S. and Canada by 2030. What Happened: Uber has begun sharing data with...

Tesla, Inc. (NASDAQ:TSLA) has pinned high hopes on its full-self driving software and its Robotaxi service. A Tesla bull has a recommendation for the electric vehicle maker to make it capitalize big on this opportunity in double quick time. What Happened: Future Fund's Gary Black raises the...

Ride-hailing service Uber Technologies, Inc. (NYSE:UBER) became a public company exactly four years ago and the ride for investors hasn't been smooth so far. Debuting With Fanfare: San Francisco, California-based Uber was founded by Garrett Camp and Travis Kalanick in 2009 as a solution to the...

Major Wall Street indices witnessed see-saw movements on Tuesday as Federal Reserve Chair Jerome Powell acknowledged once again that the disinflationary process has begun but also added that the central bank would have to raise rates more than what is priced-in if the labor market remains strong...

The California State Teachers Retirement System loaded up on shares of Uber Technologies Inc (NYSE: UBER) and Snowflake Inc (NYSE: SNOW) during the third quarter, according to SEC filings of the fund. The retirement fund loaded up on over 26,000 shares of the...

UBS analysts see limited upside in shares of Lyft Inc (NASDAQ: LYFT) as the company faces structural headwinds relative to its competition.  What Happened: UBS analyst Lloyd Walmsley downgraded Lyft from Buy to Neutral and slashed the price target $...

Ride-share drivers are turning to renting or buying electric vehicles. The move, which was being done to help combat high prices for gas at the pump, is turning into higher tips for some drivers as well. What Happened: Uber driver Heidi Barnes upgraded from a 2009 Toyota Camry from Toyota Motors (...

Shares of Lyft, Inc. (NASDAQ: LYFT) lost a fourth of their market value in late trading on Tuesday after the ride-sharing company reported its first-quarter results. Reacting to the earnings, an analyst at Wedbush took down his price target for Lyft shares by about 36%. The Lyft...

Uber Technologies Inc (NYSE: UBER) has decided to reintroduce its ride-sharing feature under a new name, UberX Share. What Happened: Uber has decided to reintroduce its ride-sharing feature after suspending the option in March 2020 due to the effects of the COVID-19 pandemic. The company will...

Although California's Prop 22 may be sidelined by a judicial process that recently found the initiative unconstitutional, it shouldn't impact the attempt by app-based companies in Massachusetts to obtain approval for a version unique to the commonwealth.   For now, the most important thing to know...

Despite losing $509 million, Uber Technologies Inc (NASDAQ: UBER) topped top and bottom-line estimates for its second quarter, confirming it is well on its way to reaching EBITDA profitability by the end of the year. Q2 Figures Revenue amounted to $3.93 billion, exceeding Refinitiv estimate of $3....

About two weeks ago, thousands of people across the United States took to the streets in protest, hoisting signs with damning statements like "Driving us into poverty" or "32 cents a mile is not enough." In cities from Los Angeles to Boston, the masses clamored to be heard, tensions flared and the...

Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators. Citing "people familiar with the matter," the WSJ said the company was exploring the...