News

An app that says it can help Uber drivers pick profitable rides has arrived in the US. Uber has fought against it before.
GigU launched in the US on Wednesday. The controversial app aims to help Uber, Lyft, and DoorDash drivers decide which jobs ...
Lyft Is Executing Well But Analysts Caution About Uber And Waymo Competition
Lyft stock rises on $1.45B revenue, $750M buyback plan. Needham reiterates hold, Goldman Sachs upgrades to buy with PT of $20 ...
Tesla Robotaxi Hopes Dashed By Uber, Lyft: No Fast Lane To Profits, Warns Investor Gary Black
Gary Black says Tesla may not make money with its robotaxi service for several years as it creates a network of riders and ...
Tesla investor Gary Black ‘doubtful’ about company's FSD-based ride-hailing service; claims it may not make money for years
A Tesla investor, Gary Black, expresses skepticism about the profitability of Tesla's upcoming FSD-based ride-hailing service ...
Money Morning1d
Lyft Soars 28% on Earnings. Is It Time to Take a Ride?
Lyft generated net income of $2.57 million, or $0.01 per share, which easily beat $0.02 per share loss estimates. Active ...
Lyft boosts stock buyback program, targets smaller cities in growth push
Lyft increased its stock buyback program to $750 million and beat first-quarter profit estimates on Thursday, signaling ...
Uber: Accelerates AV Ambitions As Growth Shows Signs Of Stalling
Uber's strong momentum suggests a 'buy-on-weakness' approach. Read more on UBER stock's mixed Q1 results, AV progress, and ...
Uber Is the Convenience Juggernaut With Critical Mass and Maintainable Network Effects
Uber burned $445 million in cash from operations in 2021. Since then, the firm has impressively transitioned to profitability, generating $642 million, $3.6 billion, and $7.1 billion in cash from ...
Uber's Q1 Miss Is My Ticket To Add - Reiterating Buy
Uber Technologies' earnings miss is a short-term setback, and the stock trading down is a window to buy at a discount. Click ...
Lyft Posts Bookings and Outlook Beat, Expands Buybacks
Lyft’s results stand in contrast to Uber’s earnings report on Wednesday. Uber posted slower-than-expected gross bookings growth of 14% in the first quarter, citing a decline in US inbound travel. That ...
Lyft’s Network Effects Continue to Deteriorate and It Needs to Stop the Negative Feedback Loop
Lyft is a North American-based marketplace network that connects drivers (supply-side) to riders (demand-side) and individual customers to two-wheel modes of transportation. The firm makes money by ...