rideshare

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...

In the ongoing rivalry between Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT), recent consumer trends indicate a clear winner. Wedbush Securities analyst Scott Devitt’s latest survey of over 1,000 U.S. consumers highlights a growing preference for Uber, reflecting broader...

Uber Technologies Inc. (NYSE:UBER) has initiated a new program, the “One Less Car” trial, to persuade drivers to abandon their vehicles for other modes of transport. The trial is set to run from July 22 to August 25. What Happened: On Thursday, Uber unveiled this initiative to promote a...

Bernstein believes the bull case for Uber Technologies Inc (NYSE: UBER) has arrived, setting investors up for continued gains moving forward and shares are reacting positively.  What Happened: Bernstein analyst Nikhil Devnani maintained Uber with an Outperform...

Ride-sharing service Lyft Inc (NASDAQ: LYFT) reported first-quarter financial results after market close. Here are the key highlights. What Happened: The San Francisco-based company reported first-quarter revenue of $1 billion, up 14% year-over-year. According to data from Benzinga Pro, the revenue...

Rideshare and mobility company Uber Technologies Inc (NYSE: UBER) reported revenue growth of 72% in the third quarter. Here’s what analysts said after earnings. The Uber Analysts: RBC Capital analyst Brad Erickson had an Outperform rating and a price target of $46. JMP Securities analyst...

A leading ridesharing and mobility company has intentions to offer additional transportation options to its customers, with plans to launch a super app for travel. Here’s the latest. What Happened: Ridesharing company Uber Technologies Inc (NYSE: UBER) offers vehicle transportation, food...

EVgo Inc (NASDAQ: EVGO) shares are rallying Tuesday in response to expanded partnerships announced by the company. EVgo Raises Charging Site Build Target Under Expanded GM Deal: California-based EVgo, which operates a public fast-charging network for EVs, announced an expansion 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...

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...

About two weeks ago, thousands of people across the United States took to the streets in protest, hoisting signs with damning statements like "Driving us into poverty" or "32 cents a mile is not enough." In cities from Los Angeles to Boston, the masses clamored to be heard, tensions flared and the...

Uber Technologies Inc (NYSE: UBER) shares traded lower by 6.8% on Thursday morning after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates of a 54-cent...