Layoffs in India mark the latest step in Uber's cost-cutting and capital management strategy. But the ride-hailing service also faces legal troubles in California, New York and other states.
Lyft has been lagging Uber and the S&P index, and a California ballot initiative could be bearish for it and other ride-hailing stocks.
Analysts like Lyft but it’s battling states over driver classification and the coronavirus has hit ridership hard.
Investors see this San Francisco-based ride-hailing firm as a good stock to own as the U.S. economy begins to reopen from the lockdowns caused by the COVID-19 pandemic. Will AB5 change that?
Uber is cutting more jobs and looking to boost food delivery as the pandemic pummels the ride-sharing business.
Lyft could be in for a rough ride with new debt and declines in ridership, while rival Uber looks to food delivery to bolster its bottom line.
Uber has run out of ways to attract riders while the spread of COVID-19 requires safety rules and social distancing. Revenue has collapsed.
Monday's top analyst upgrades and downgrades included AbbVie, Best Buy, Conagra Brands, Dick's Sporting Goods, General Motors, Hilton Worldwide, NetApp, Nvidia, Redfin, TJX Companies, Vale and Yelp.
Lyft is playing a defensive game, cutting costs and restructuring, but will be enough to keep the company afloat in these trying economic times?
Ride-sharing firm Lyft reported a net loss of $1.31 per share and $955.7 million in revenue after markets closed Wednesday. The consensus estimates had called for a net loss of $0.64 per…
Chris Lange Lyft is set to report its first-quarter financial results after the markets close on Wednesday. Analysts on average expect better results that a year ago.
Uber announced Wednesday that it plans to take more actions to cut costs in regards to the COVID-19 pandemic, including layoffs and executive pay cuts.
Shifting business models for Lyft and its main rival will be huge going forward. Lyft shares are signaling a recovery, though it still could be a bumpy ride back to normalcy.
Tuesday's top analyst upgrades and downgrades included American Airlines, Chewy, Chipotle Mexican Grill, CommScope, Eli Lilly, IBM, Lyft, Oneok, Stitch Fix, Valero Energy and Williams Companies.
Lyft shares jumped after the company said it would expand its offerings to include a range of services to help meet the needs of its customers as the coronavirus crisis forces more…
