Voters in California have approved a ballot measure that defines drivers for Uber and Lyft essentially as contractors, not regular employees. The two ride-sharing firms along with a few others spent $203…
Thursday's top analyst upgrades and downgrades included Alkermes, Amazon.com, Citigroup, eBay, Fastly, Groupon, Lyft, Netflix, ONEOK, Roku, Uber Technologies and Zoom Video Communications.
Wednesday's top analyst upgrades and downgrades included Apple, Cheniere Energy, Envision Solar, Livent, Lyft, Nikola, Nio, Roku, Salesforce.com, Shopify, Uber and Vroom.
Ride-sharing giants Uber and Lyft are considering moving to a franchise model if the state of California does not stop insisting that drivers are not independent contractors, but company employees.
Thursday's top analyst upgrades and downgrades included Charter Communications, Cisco Systems, Deere, FedEx, Lyft, Micron Technology, Nvidia, Occidental Petroleum, Ping Identity and Voya Financial.
Ride-sharing firm Lyft reported a second-quarter net loss of $0.86 per share and $339.3 million in revenue, both better than consensus estimates that called for a net loss of $0.99 per share…
Chris Lange Monday's top analyst upgrades and downgrades included Albermarle, Apple, Consolidated Edison, Etsy, GoHealth, Hecla Mining, NortonLifeLock, Pinterest, Switch and T-Mobile.
Tuesday's top analyst upgrades and downgrades included Automatic Data Processing, GrowGeneration, Hilton Worldwide, Lululemon Athletica, Lyft, Netflix, Spotify, Tesla, Twitter, Visa and Wayfair.
Ride-hailing service Uber is reportedly near an acquisition of food delivery service Postmates for an estimated $2.6 billion.
The much-discussed acquisition by Uber of food delivery competitor Grubhub did not happen. Wall Street had viewed the bid for Grubhub as a winning move for Uber.
Uber suffers two blows as Grubhub goes with another suitor and California regulator rules drivers are employees.
A new California Public Utilities Commission ruling on Thursday does not favor Lyft and its competitors. What's next?
Thursday's top analyst upgrades and downgrades included Apple, DraftKings, Gap, Grubhub, Inogen, Kellogg, Lyft, ONEOK, Redfin, Uber Technologies, Yum Brands and Zillow.
Uber's food delivery business revenues could more than double this year, but is that enough to offset ride-hailing declines? Would acquiring Grubhub help or hurt?
Lyft stock jumped this week after the ride-sharing company revised its outlook as riders slowly return.
