Lyft

U.S. stock markets were mixed on Tuesday as Federal Reserve Chair Jerome Powell indicated no immediate plans to reduce interest rates. The S&P 500 ended the day marginally higher by 0.03% at 6,068.50, while the Nasdaq 100 saw a 0.4% decline to 19,643.86. The Dow Jones Industrial Index managed...

Tuesday saw the major U.S. indices end the day mixed. The Dow Jones Industrial Average saw a modest uptick of 0.08%, reaching 38,884.26, while the Nasdaq experienced a slight decline of 0.1%, settling at 16,332.56. Meanwhile, the S&P 500 concluded the day with a 0.13% increase, reaching 5,187....

In a recent turn of events, Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) have decided to delay their departure from Minneapolis, providing temporary relief to users who rely on their services. What Happened: The two leading ride-hailing companies, Uber and Lyft, have extended...

The clock is ticking on a threat by Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) to pull out of Minneapolis on May 1 after the City Council this week overrode a mayoral veto of an ordinance laying out minimum compensation requirements for app-based drivers. The current measure has few substantive...

It has been about a month since the last earnings report for Lyft (NASDAQ: LYFT). Shares have added about 11.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Lyft due for a pullback? Before we dive into how...

In a bid to revamp its tourism sector, Indonesia is considering adopting the ‘Swiftonomics’ strategy, named after the singer Taylor Swift, to attract more visitors and extend their stays. What Happened: The Indonesian government is contemplating offering more incentives for hosting...

The ride-hailing company Lyft (NASDAQ:LYFT) saw significant growth in the fourth quarter of 2023, thanks to stadium rides to the successful tours of Taylor Swift and Beyoncé. What Happened: The ride-hailing company Lyft saw a more than 35% increase in stadium rides in 2023, largely driven by the...

Cryptocurrency exchange Gemini has launched its crypto credit card in the U.S. The Gemini credit card will be available across all 50 states. The Gemini Credit Card supports more than 60 cryptocurrencies for rewards, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE...

California Gov. Gavin Newsom has signed legislation known as AB 701 that targets quotas in the warehouse industry. The legislation was introduced by Assemblywoman Lorena Gonzalez, who is also the author of AB 5, which targets independent contractors in the state. In the same way that Uber (NYSE:...

The large-cap U.S. internet industry has seen very strong gains from its March 2020 lows, and there are still opportunities for investors to capitalize on a mixture of growth, free cash flow dynamics and capital allocation, according to an analyst at Goldman Sachs. Analyst Eric Sheridan...

Rideshare drivers celebrated while Uber and Lyft castigated the California judiciary last week after Alameda County Superior Court Judge Frank Roesch declared the controversial Proposition 22, which exempted rideshare companies from classifying drivers as employees, unconstitutional. Efforts to...

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...

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What's a road trip without a little company? You could argue that rideshare drivers almost always have company on their trips — their passengers — but, well, they aren't always the best company. However, another breed of passenger will always have drivers' backs. Companion apps have long been a...

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....