ridesharing

Lyft Inc. (NASDAQ:LYFT) shares are trading higher on Friday. The company has formed a strategic alliance with Anthropic, an AI firm recognized for its human-centered approach. This partnership aims to enhance the rideshare experience for Lyft’s vast customer base, which includes more than 40...

Uber Technologies Inc (NYSE:UBER) is reporting its fourth-quarter earnings on Wednesday. Wall Street expects 49 cents in EPS and $11.77 billion in revenues as the company reports before market hours. The stock is up 0.95% over the past year, 9.67% YTD. Let’s look at what the charts indicate...

New York City’s congestion toll program launched on Sunday, adding new fees for drivers and rideshare customers. Uber Technologies, Inc. (NYSE:UBER) and LYFT, Inc. (NASDAQ:LYFT) lobbied in favor of congestion tolls and are positioned to benefit from the new fees.  What To Know: The new...

Uber Technologies Inc (NYSE:UBER) has turned profits as of late, helped in part by its “Uber One” subscription. However, the Federal Trade Commission (FTC) is reportedly investigating the company over an alleged breach of consumer protection laws. What Happened: The FTC opened the...

New York City’s controversial plan to charge $15 for congestion pricing to enter Manhattan has been stalled. What Happened: New York Governor Kathy Hochul announced an indefinite pause on Wednesday. "Let's be real: a $15 charge may not mean a lot to someone who has the means, but it can...

Uber Technologies Inc (NYSE:UBER) is pushing the boundaries of ridesharing by allowing teenagers, ages 13 to 17, to take solo rides under the watchful eyes of their parents. What Happened: Announced Wednesday during Uber’s third annual GO-GET product showcase, "teen accounts" present both...

To view more FreightWaves infographics, click here. Image Sourced from Pixabay

Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service. The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won't be...

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...

On Wednesday, Lyft Inc (NASDAQ: LYFT) reported its second quarter results for the period that ended on June 30th. This was its first full quarter during the pandemic that ended the life we knew practically overnight. Not surprisingly, Lyft reported a dramatic revenue drop of 61%. The Full Fury Of...

Lyft Inc (NASDAQ: LYFT)’s stock plunged Wednesday on news of job cuts and opex reductions, but the company seemed to redeem itself with a first-quarter sales beat after the close. Lyft’s $955.71 million in sales exceeded estimates of $897.86 million, even as a bottom-line loss of $...

Oh, how quickly the tables have turned. Ride-sharing stocks Uber Technologies (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) were highly criticized by investors last year, as both stocks stumbled out of their IPO gates. The general consensus was, disruptive as they were, that the duo...

In the context of alternative mobility, the market is witnessing a deluge of mobility-as-a-service startups that provide people a myriad of options for local transit, like e-scooters, car-sharing and e-cab hailing. The overarching idea here is to create a society that slowly inches away from the...

New Jersey’s order that Uber Technologies Inc (NYSE: UBER) must pay more than $600 million in back taxes, interest and penalties for drivers the state considers employees instead of contractors creates more uncertainty for the ride-hailing company. But despite the new ruling, along with a...

When it comes to the on-demand economy, Uber continues to branch out. Beyond its initial ridesharing segment, Uber Technologies Inc. (NYSE: UBER) has moved into micro-mobility with Jump e-bikes and scooters, food delivery with UberEats, and CEO Dara Khosrowshahi said in regard to Uber's recent app...