Tokyo-based SoftBank said it will sell about two-thirds of its stake in T-Mobile as the Japanese firm tries to recover from big losses in its most recent fiscal year.
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.
The merger between Uber and Grubhub appears to be off the table. A new challenger has entered the ring.
Things are looking better for Uber as the ride-hailing business starts to recover, but the timeline to profitability may depend on a deal for Grubhub.
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.
Grubhub is reportedly seeking a breakup fee as regulators eye merger talks with Uber.
A class-action lawsuit was filed against Lyft by a former driver in Washington, D.C., contending that the company is contributing to the spread of COVID-19 by its failure to provide paid time…
Uber is scrapping surplus bikes after selling Jump to Lime even as people are looking for transportation alternatives because of the coronavirus.
Struggling to survive, ride-sharing companies face a potential new threat: Amazon.
Amazon is reportedly in talks to buy the autonomous mobility company Zoox as it looks to automation to cut warehousing and shipping costs.
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.
