ride hailing

Shares Lyft, Inc. (NASDAQ:LYFT) continue to move higher Monday. The company reported better than expected earnings. CEO David Risher said the quarter was the company's 16th consecutive one of double-digit year over year gross bookings growth. If the shares reach the $18.50 level, there is a...

The Hong Kong government has announced its intent to regulate ride-hailing services, including Uber Technologies Inc. (NYSE:UBER), casting a shadow of uncertainty over Uber’s operations in the city. What Happened: The Transport and Logistics Bureau of Hong Kong plans to license platforms like...

Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) autonomous driving technology unit Waymo said on Wednesday that it will focus all its efforts and investment on ride-hailing instead of trucking. What Happened: Waymo aims to develop autonomous driving technology for multiple commercial...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom. Uber's Bumpy Ride: One company that has been a solid...

Uber Technologies Inc. (NYSE: UBER) will eventually accept cryptocurrencies as a means of payment, according to the firm's CEO Dara Khosrowshahi. What Happened: In an interview with Bloomberg published on Friday, Khosrowshahi said Uber has "internal conversations...

A California judge ruled Proposition 22, the state's gig worker law, as unconstitutional on Friday. Although an appeal is imminent, the ruling is a “sentiment setback” both for the gig economy industry and Uber Technologies Inc (NYSE: UBER), according to BofA Securities. The...

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....

Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) invested millions of dollars in providing its drivers with access to COVID-19 vaccines and free or discounted rides to vaccination sites targeted at the low-income and Black communities lacking access to...

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapore’s ride-hailing and financial services start-up Grab is set for a U.S. public listing through Altimeter Capital’s SPAC (special purpose acquisition company) Altimeter Growth...

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY) backed China’s ride-hailing company Didi Chuxing Technology intends to roll out ride-sharing services in Western Europe, including the U.K, France, and Germany, ahead of its long-awaited initial public offering, Bloomberg...

Shares of Ideanomics were trading higher Monday after the small-cap company announcing a large purchase of electric vehicles customized for ride-hailing in China. What Happened: Mobile Energy Global, a subsidiary of Ideanomics Inc (NASDAQ: IDEX), announced it is purchasing 2,000 D1 units from...

Ride-hailing company Lyft Inc (NASDAQ: LYFT) faces several "positive developments" that warrant a shift to a bullish stance on the stock, according to Piper Sandler. The Lyft Analyst: Alexander Potter upgraded Lyft's stock from Neutral to Overweight with a price target lifted...

Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) scored a minor victory on Thursday after a California state appeal court overruled a lower court ruling that would have forced the companies to reclassify drivers as employees. Investors are now left wondering if the victory is...