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 is reportedly in talks to buy Grubhub. The coronavirus lockdown is boosting the food delivery business, but that could also raise the regulatory bar for a deal.
Self-driving technology firm Waymo closed a $3 billion round of venture funding on Tuesday. The round was announced in early March and is the first for the company that has until now…
Uber has run out of ways to attract riders while the spread of COVID-19 requires safety rules and social distancing. Revenue has collapsed.
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 Uber posted a fourth fiscal quarter net loss of $1.70 per share and $3.54 billion in revenue. The consensus estimates called for a net loss of $0.83 per share and…
Chris Lange Uber Technologies is set to report its most recent quarterly results after the markets close on Thursday. Will investors react the way they did with Lyft?
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.
24/7 Wall St. has put together a preview of Disney, GM, T-Mobile, Uber some of the other most anticipated quarterly reports due this week.
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.
Amazon is reportedly shutting down a delivery service that picks up goods from a seller's location and delivers them to customers. This doesn't necessarily mean that the e-commerce giant is giving up…
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…
