Ride Sharing

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...

Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10% decline from 2019. The loss might have been bigger, save for its...

The drive to electrify the nation's rideshare and on-demand delivery companies took a step forward on Thursday when the California Air Resources Board (CARB) approved a vehicle electrification plan for transportation network companies (TNCs). The board voted unanimously in favor of the mandate....

The stock market has been doing some soul searching lately, and that’s particularly reflected in the stock prices of ride-hailing companies Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT). Investors seem to still be grappling with proper valuation between and among...

Lyft Inc (NASDAQ: LYFT) shares are trading higher after reporting third-quarter earnings. Earnings: Rideshare company Lyft reported third-quarter revenue of $499.7 million, which beat the Street consensus target of $486.5 million. Revenue declined 48% year-over-year in the third quarter, but...

Lyft Inc. (NASDAQ: LYFT) on Wednesday announced that all-electric vehicles would make up for 100% of its fleet by 2030. Coronavirus Changed The Company's Course The ride-hailing company said the novel coronavirus (COVID-19) pandemic had provided an "inflection point" for...

Lyft, Inc. (NASDAQ: LYFT) and Uber Technologies, Inc. (NYSE: UBER), two stocks with rocky histories, report earnings Wednesday and Thursday, respectively. Their last reports before Covid-19 seemed to encourage investors that the companies, especially Uber, were finding their way to profitability...

It’s hard to find a pure play on mobility. Uber’s private. Lyft’s private. The nascent ride-hailing segments of General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are muddied by core manufacturing segments. Enter HyreCar Inc (NASDAQ: HYRE), a firm whose fate...

The narratives around Uber’s year-end earnings vastly diverge. One headline celebrates a 61-percent year-over-year rise in fourth-quarter revenue, while another laments a full-year loss expansion of 60 percent. The Facts In the final quarter of 2017, Uber’s $475-million adjusted loss...

Ride sharing services are among the disruptive technologies the automotive sector has come to adopt. This service is pitched as a replacement for car ownership and at the same time offer personalized transportation service. The potential, the opportunity flaunts, is there for everybody to see and...

Shares of Hertz Global Holdings Inc (NYSE: HTZ) surged higher by more than 7 percent early Thursday morning after the company announced it has reached a rental deal with both Uber Technologies and Lyft — the two most popular ride sharing platform. Hertz announced in a press release it reached...