ride-sharing

Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it's putting eggs in consumers' baskets – straight from the grocery store. The company on Monday announced its largest grocery expansion since launching in July 2020, with the company's same-day...

Uber (NYSE: UBER) is reportedly set to recognize the rights of drivers to unionize in the U.K., according to a report, in a similar arrangement to its deal with the Independent Drivers Guild (IDG) in the U.S. Bloomberg reported the ride-hailing giant is set to recognize GMB, a 620,000-plus labor...

Uber Technologies Inc. (NYSE: UBER) riders in London will now have the option to choose a fully electric vehicle for their journey instead of a hybrid, diesel or petrol car, according to a report by the Financial Times. What Happened: The ride-hailing service is offering the Uber Green service to...

Ride-hailing platform Lyft Inc (NASDAQ: LYFT) is expected to deliver a demand bounceback in 2021 as the coronavirus vaccine rollout accelerates to the masses by this summer and more companies resume work from the office and traveling picks up significantly, according to Wedbush Securities. The Lyft...

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 600 investors on whether they think shares of LYFT Inc (NASDAQ: LYFT) will reach $75 by...

Ark Invest's Cathie Wood isn't betting on Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) over Tesla Inc (NASDAQ: TSLA). What Happened: Wood, CEO of New York-based Ark Invest, said in a tweet Saturday night that Uber and Lyft missed out on a data opportunity that ties in to...

Proposition 22 goes into effect this week in California. To cover the worker benefits under the state law, ride-hailing and delivery aggregators like Uber Technologies Inc (NYSE: UBER) and DoorDash Inc (NYSE: DASH) are hiking prices or introducing fees in California, ...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) was fined $59 million in California on Monday for failure to comply with administrative laws regarding sexual assault and sexual harassment claims. What Happened: The California Public Utilities Commission (CPUC) found the company’s...

The Securities and Exchange Commission announced a new proposal on Tuesday, which could allow companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT), and DoorDash to compensate gig economy workers in equity. What Happened:...

Ride-hailing companies Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) have bagged a federal contract, worth up to $810 million, from the U.S. General Services Administration. What Happened: According to a Reuters report, both Uber and Lyft will collectively cater to over 4...

Lyft Inc (NASDAQ: LYFT) President John Zimmer said Tuesday the company is expanding its deliveries business after finding success with a pilot program during the COVID-19 pandemic. Zimmer, talking to investors on the company's third-quarter earnings call, said Lyft has been "very...

Every week, Benzinga conducts a sentiment survey to understand what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. As the world continues to manage the coronavirus pandemic, it’s worth calling into question the future...

California has voted in favor of Proposition 22, a ballot measure that exempts ride-hailing companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) from classifying drivers as employees, reports the Wall Street Journal. What Happened: The...

In a setback for ride-hailing companies Uber Technologies Inc (NASDAQ: UBER) and LYFT Inc (NASDAQ: LYFT), a California appeals court ruled on Thursday that the companies must comply with August's injunction order requiring them to reclassify the drivers as their employees,...

Uber Technologies (NYSE: UBER) has been granted a new license to operate in London after a judge upheld the ride-hailing company’s appeal against Transport for London. The Uber Analyst: BofA Securities analyst Justin Post maintains a Buy rating on Uber with a $44 price target....