Latest Lyft, Inc. News and Updates
Lyft and Uber Impose Temporary Surcharges to Account for Gas Prices
Lyft Co-Founder John Zimmer Has a Net Worth Over $800 Million
California Rules Prop 22 Unconstitutional—Impact on Gig Workers
Lyft and Uber Driver Shortages Lead to Soaring Ride-Sharing Prices
Why Is Lyft So Expensive Right Now?
The Datadog IPO: Will the Optimism Continue?
Software-as-a-service company Datadog (DDOG) made a smashing debut on Wall Street yesterday. After its IPO, DDOG’s shares surged 40% in intraday trading.
Uber Stock Rises Even as Kalanick Sells Shares
Yesterday, Uber (UBER) co-founder Travis Kalanick sold about 20 million UBER shares, raking in over half a billion dollars.
Tech IPOs: Who Burnt Wealth and Who Gained Value?
In 2019, several high-profile tech IPOs made their debut in public markets. Let’s look at what’s in store for them as we head towards 2020.
Tech Stocks in Freefall—Recession Ahead?
The broader indices are bleeding today, and tech stocks are also trading in the red. Should you be worried about a looming recession?
Uber and Lyft Lose California Appeal on Driver Classification
Amazon Breakup: Why Tesla CEO Elon Musk Supports It
The Amazon (NASDAQ:AMZN) breakup issue became a hot topic last year. Now, Tesla CEO Elon Musk has been rooting for the breakup.
5 Years to the Automobility Tipping Point?
The tipping point from automobiles to automobility could happen within five years, predicts Lawrence D. Burns, Ph.D., a consultant for Waymo.
Uber and Lyft Set to Shut Down California Service
Alphabet’s Waymo Invests in Education to Expand Market
In pursuit of ride-hailing market share, Alphabet’s (GOOGL) Waymo has launched a program to educate people on self-driving technology.
Uber Director Robert Eckert Buys Nearly $500,000 in Shares
An Uber Technologies (NYSE:UBER) insider agrees that the stock is a “buy” right now. Uber’s director, Robert Eckert, purchased 15,740 shares on June 15.
Is Yelp Stock a Good Bet for Investors Right Now?
Yelp stock has risen since it released its first-quarter results. Easing COVID-19 restrictions and hopes of a quick economic recovery boosted investors’ appetite.
Is Lyft Stock a Good Buy for Investors Right Now?
The ride demand on Lyft’s platform rose 26% in May compared to April. As a result, the stock jumped 4.7% in extended trading on Tuesday
Why Are Analysts Bullish on Uber and Lyft after Q1?
Lyft (NASDAQ:LYFT) reported its results for the first quarter of 2020 on May 6. The earnings were better than Wall Street’s estimate.
Lyft Reports More Riders: Will Uber Benefit Too?
Lyft stock rose after it reported growth in active riders despite travel restrictions amid COVID-19. The company reported 21.2 million active riders.
Jeff Bezos’s Efforts Boost Amazon Stock amid COVID-19
Amazon (NASDAQ:AMZN) stock seems to be on fire under CEO Jeff Bezos’s leadership. The stock made back-to-back record highs for the last three days.
Amazon Stock Broke Out: Should You Buy Now?
So far, Amazon (NASDAQ:AMZN) stock hasn’t been impacted negatively by the ongoing COVID-19 crisis. The stock has outpaced the broader markets.
3 Must-Knows for Amazon Stock Investors
Amazon (NASDAQ:AMZN) stock has rallied in recent weeks following a major sell-off in February and March. The shares rose more than 6.0% on Monday.
Amazon Halts Its Shipping Services amid COVID-19
Amazon (NASDAQ:AMZN) plans to temporarily halt its “Amazon Shipping” delivery service in the US starting in June. The stock has gained 10.6% YTD.
Uber’s Co-Founder Switches Gears after Its Stock Tumbles
Uber Technologies (NYSE:UBER) stock wrapped up March more than 6.0% lower for the year. The stock fell by about 18% in March.
Despite Impressive Q4 Results, Uber Keeps Facing Headwinds
Uber Technologies (NASDAQ:UBER) continues to face headwinds. The stock fell 6.72% on Thursday, which marked its worst day so far in 2020.
Uber Makes Leadership Changes at Uber Eats, Seeks Profit
Uber Technologies has shaken up the leadership at Uber Eats—its food delivery unit. The change occurred a month after the business sold its India operation.
Uber versus Lyft: Which Stock Is Investors’ Top Pick?
So far, Uber stock has emerged as investors’ favorite. The stock has gained nearly 40% YTD compared to Lyft’s gain of 13% YTD.
Uber Stock: 3 Things to Know This Week
Uber Technologies stock will be on many investors’ radar this week. The market continues to digest the company’s fourth-quarter report.
Uber Stock Has a Positive Start in 2020 despite Hiccups
Uber Technologies stock started 2020 on a positive note despite some challenges. The stock gained 22% in January.
3 Takeaways from Uber and DoorDash Merger Talks
The Uber and DoorDash merger talks ended without a deal. However, the companies are willing to reopening the talks.
Alphabet’s Top Lawyer David Drummond Departs
David Drummond will step down as Alphabet’s (NASDAQ:GOOGL) chief legal officer at the end of this month.
Amazon AWS, Blackberry Join Forces at CES 2020
Blackberry (BB) announced that it would work with Amazon AWS (AMZN). So, the companies will work together over a software platform for connected vehicles.
PayPal Abandons Facebook’s Libra: Could Others Follow?
PayPal announced its withdrawal from the 28-member team of Facebook’s Libra Project. Libra has received criticism from the public and private sectors.
3 Reasons Facebook’s Libra Still Has Life after Defections
Despite having high-profile defections in the past week, Facebook’s Libra Association proceeded with its inaugural members meeting.
An App for that Electric Scooter at #CES2019
Electric scooters are clearly a solution for reducing the comparative pollution from equivalent two-stroke scooters. And now there’s an app for them.
Uber Co-Founder Travis Kalanick to Exit the Board
Travis Kalanick, the co-founder of Uber Technologies (UBER), will step down from the company’s board of directors at the end of 2019.
Waymo Makes First Acquisition amid Expected Uber Payout
Alphabet’s (GOOGL) Waymo made its first acquisition this month. The company bought British AI startup Latent Logic, which is based in Oxford.
Uber Stock Rose on Possible Sale of Uber Eats India
Uber Technologies stock surged 5.5% on December 16 following news of a possible sale of the company’s Uber Eats operations in India.
Libra 101: All You Need to Know about the Cryptocurrency
Last week, Facebook (FB) and other founding members of the Libra Association launched Libra. Libra will be governed by a handful of large organizations including Uber (UBER), Lyft (LYFT), Visa (V), and Mastercard (MA). By the planned launch in 2020, Facebook expects to have 100 members in the governing body.
D.E. Shaw & Co.: Where Is David Shaw Bullish?
At the end of Q3 2019, D.E. Shaw & Co.’s total portfolio of publicly traded securities was worth around $81.2 billion.
Could Uber’s Latest Troubles Force It to Pay Waymo?
All is not well with Uber Technologies (UBER). But that crisis could make things interesting for Waymo, Alphabet’s (GOOGL) autonomous driving arm.
Peloton Stock Gained Momentum Last Week
Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.
Uber Has an India Problem—and It’s Not Just Ola
India is one of the biggest markets for Uber. While Uber has exited China and Southeast Asia, it’s battling with Ola for market share in India.
Uber Loses Its License in London: What Happens Next?
Uber lost its license to operate in London on November 25. London’s transport regulator, Transport for London, cited a “pattern of failures” by the company.
Should Lyft Have You Feeling as Positive as Analysts?
Lyft’s (LYFT) and Uber’s (UBER) renewed focus on profits has turned analysts around on them despite their stocks doing poorly since their IPOs.
Uber Stock: Is Analysts’ Turnaround Justified?
Uber (UBER) stock got a rating upgrade from Stifel on November 22. The company is once again gaining favor among analysts.
Uber Stock: CEO Buys, 25 of 38 Analysts Recommend It
Uber stock, which lost 15% in the first half of the month, gained 9% in the last three trading sessions, adding over $3.5 billion in investor wealth.
Can Uber Win the 21-Day London License Race?
In a big blow to Uber (UBER), TfL (Transport for London) said that it won’t grant a fresh private taxi license to the ride-sharing company.
Tesla Autopilot Faces Senate Heat for Self-driving ‘Cheats’
Yesterday, during a Senate hearing, senators criticized Tesla (TSLA) for safety protocol lapses in its autopilot feature.
Uber at Fault for Self-Driving Car Crash, Other Problems?
Yesterday, the National Transportation Safety Board (or NTSB) said Uber (UBER) was at fault for a self-driving car crash in March 2018.
New Uber Bull Sees the Sell-Off as a Buying Opportunity
Yesterday, Argus Research upgraded Uber stock from “hold” to “buy.” Let’s look at Uber and Lyft’s recent analyst rating changes.
The EV Race: Can German Automakers Catch Tesla?
EV leader Tesla could disrupt the German auto market. Spiegel reports that German automakers could lose ground by ignoring the industry’s changing dynamics.
Alphabet’s Waymo Leaves Austin, Enters New Markets
Alphabet’s Waymo is shutting their Austin office to merge teams in Detroit and Phoenix. Waymo is looking for other ways to monetize technology.
Jim Cramer: ‘Buy’ on Lyft and Negative on Uber
On Thursday, Jim Cramer discussed Uber and Lyft. He issued a “buy” call on Lyft. Cramer thinks that the stock looks attractive after two positive quarters.
Tesla Model 3 NYC Taxi Worries Uber and Lyft
Last week, Electrek reported that Tesla Model 3 (TSLA) became the first-ever electric vehicle to get approval to run as a taxi on New York City roads.
Uber Lockup Expiry: More Downside after All-time Low?
Uber’s IPO lockup period expires today, meaning early investors will have the opportunity to sell their stock. Uber stock fell 9.8% yesterday.
Will Uber Stock Fall to $25 on Earnings and Lockup Expiry?
Uber released its 3Q earnings yesterday after market hours. The company’s revenues rose 30% during the quarter. However, Uber stock still got hammered.
Will Uber Face an Extended Sell-Off on a Bad Q3?
Uber is scheduled to report its third-quarter earnings results on November 4 after the market closes. Analysts expect it to report $3.7 billion in revenue.
Tesla’s Real Competition: Automakers or Mega-Tech?
Tesla (TSLA) stock has been polarizing like no other. Analysts and investors have very strong views about the stock on either side.
Lyft Posted Strong Earnings: Will Uber Stock Take a Ride?
Lyft stock, which gained 0.98% on Wednesday, rose 3.54% in pre-market today at 8:00 AM ET. Uber stock rode on Lyft’s earnings wave and rose 0.74%.
Could Lyft’s Earnings Results Lift Its Stock?
Lyft (LYFT) is set to report its third-quarter earnings results after markets close tomorrow. Here’s what investors should watch for.
Why Alphabet Stock Fell after Its Q3 Earnings Report
Alphabet’s earnings miss came after higher expenses and continued losses in its “other bets.” During the third quarter, the company’s expenses rose 25%.
Uber Gains Another Bull: Profitability Concerns Easing?
Uber (UBER) stock has been hammered since its debut on the markets in May. The stock is trading 26% lower than its IPO price of $45.
Ford’s Self-Driving Plan: Can It Overtake the Competition?
Ford plans to produce autonomous cars for ridesharing by 2021. GM acquired Cruise, a self-driving startup, to kickstart its autonomous driving plans.
Lyft Stock Rose, Profitability Expected a Year Earlier
On Tuesday, Lyft investors rejoiced and the stock closed 6.6% higher. The company’s co-founders said that it could become profitable by 2021.
Get Real: Third-Quarter Roller Coaster
In today’s Get Real, we saw that several third-quarter results are out and all over the board. We also have recommendations for stocks to watch going forward.
Why Lyft and GameStop Stocks Are Soaring Today
Lyft stock (LYFT) has gained over 8% today while GameStop stock has surged by 7%. So what’s been driving these stocks higher?
Uber and Lyft Face Heat for Skipping Safety Hearing
Uber and Lyft chose to skip the congressional hearing on Wednesday. The hearing was meant to examine the companies’ safety and labor practices.
Zoom Video and CRWD Lead Tech IPO Gains in 2019
Zoom Video is trading significantly higher than 2019’s other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.
Robert Greifeld Warns: The Unicorn Bubble Has Burst
On October 8, former Nasdaq CEO Robert Greifeld wrote on CNBC’s website, “WeWork’s aborted IPO may come to mark the end of the current ‘unicorn’ bubble.”
Citi Upgrades Uber Stock: Risk-Reward Favorable
Today, Citigroup (C) upgraded Uber stock from “neutral” to “buy.” However, the firm kept its target price for the stock unchanged at $45.
Uber and Lyft Hit Record Lows, MKM Initiates a ‘Neutral’
Uber and Lyft have been hitting lower lows almost every day. On October 2, the stocks were trading at their all-time lows of $29.0 and $38.4, respectively.
Tesla-DeepScale Deal Puts Self-Driving in the Fast Lane
CNBC reported yesterday that Tesla is acquiring computer vision start-up DeepScale to boost its fully self-driving technology.
Lyft Stock: Why Are Cramer and Wells Fargo at Odds?
Lyft (LYFT) stock has fallen nearly 43% compared to its IPO price of $72. The stock has been hitting new all-time lows lately.
Peloton IPO: Another Unicorn Debut Bites the Dust
Peloton stock, which lost 8.9% on September 26 on its public debut, was trading 4% lower on September 27 at $24.73 as of 10:36 AM ET.
Why Uber and Lyft Have Analysts Feeling Positive
Uber and Lyft have been going through a rough patch lately. Uber debuted through an IPO in March at $45, while Lyft had its IPO in May at a price of $72.
Alphabet’s Other Bets: What’s in the Trucking Market for Waymo?
Alphabet’s (GOOGL) Waymo wants to bring its autonomous driving technology to the freight trucking industry. Waymo is one of Alphabet’s Other Bets.
WeWork IPO Delay: What Should You Expect Next?
WeWork has postponed its IPO as its valuation has plunged. When a highly anticipated listing meets with a fate like this, there are several factors at play.
WeWork IPO Shelved, Unicorn Stocks Lose Luster
WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.
Uber and Lyft Get Upgrades as HSBC Sees 30%+ Upside
Today, CNBC reported that HSBC upgraded Lyft and Uber to “buy” ratings from “hold” ratings. Let’s see how both stocks have been trading since their IPOs.
Autonomous Vehicles: Jaguar Ties Up with BlackBerry
Jaguar Land Rover has partnered with BlackBerry to develop autonomous vehicles. BlackBerry will assist Jaguar in various areas via AI and machine learning.
Is Lyft Stock Bottoming? Deutsche Bank Thinks So
Yesterday, CNBC reported that Deutsche Bank (DB) had initiated coverage of Lyft (LYFT) stock with a “buy” rating.
Uber, Lyft: Can Investors Expect the Stocks to Recover?
After touching new lows on September 3, Uber (UBER) and Lyft’s (LYFT) share prices gained 4.2% and 2.1%, respectively, on September 4.
Top Alphabet Lawyer Marries Employee in Google’s Legal Office
This past weekend, Alphabet’s chief legal officer, David Drummond, married an employee who works in Google’s legal department, according to Axios.
Waymo’s Former Employee Charged with Trade Secret Theft
Yesterday, federal prosecutors charged Anthony Levandowski with multiple counts of trade secret theft. Levandowski was previously an engineer at Waymo.
Have Lyft and Uber Stocks Bottomed Out?
Uber and Lyft have seen huge sell-offs since debuting on the market. Uber is down about 25% since May, and Lyft is down about 30% since March.
Lyft Stock Rises on Guggenheim Upgrade—More Upside?
Today, Lyft stock was up about 3% at 10:10 AM ET after Guggenheim upgraded it from “neutral” to “buy.” Guggenheim started covering Lyft in April.
Analysts’ Views on Lyft Stock after Lock-In Expires
A major sell-off in Lyft (LYFT) stock was expected after its lock-in period ended on August 19. However, the stock fell just 1.5% on Monday.
Uber Hits an All-Time Low: Are More Cuts Needed?
Uber stock hit a new all-time low yesterday. It slid another 6.8% to close at $33.96, indicating a decline of 24% for the stock since its IPO.
Uber Stock Fell to a Record Low Yesterday—What’s Next?
Uber (UBER) stock closed at a record low yesterday, falling 7.6%. This decline continued UBER’s down days, driven by its disappointing Q2 results.
Alphabet’s Waymo Follows in PayPal’s Footsteps
Alphabet’s (GOOGL) Waymo has sued a company going by the same name. This news comes after PayPal sued a startup, Lenmo, for illegal brand squatting.
US Economy: Is It as ‘Great’ as Trump’s Touting?
On multiple occasions, Trump has said the US economy is doing phenomenally well, calling it “the greatest economy in the HISTORY of America.”
Uber Stock May Crash after Hiring Freeze, Slowing Growth
On August 9, Yahoo! Finance reported that Uber (UBER) is imposing a hiring freeze for tech talent. The same day, Uber stock ended 6.8% lower.
Uber Stock Fell Due to Lower Q2 Results
Uber reported lower second-quarter results despite improving market conditions. Uber’s revenues grew 14% to $3.17 billion in the second quarter.
Uber Stock Slips, Q2 Earnings Show Big Risk for Investors
On August 8, after Uber’s Q2 earnings, the stock (UBER) fell sharply in the aftermarket session. The slump was driven by wider-than-expected losses in Q2.
Why Uber Stock Is Surging ahead of Today’s Q2 Earnings
Uber Technologies (UBER) stock was up today ahead of its second-quarter earnings results as rival Lyft (LYFT) raised its outlook for 2019.
Lyft Reports Strong Q2 Revenues, Improved Outlook
Lyft (LYFT) stock rose 4.0% in the after-market trading on Wednesday. The company reported strong revenue growth for the second quarter.
Slack, Uber, Lyft Disappoint While Beyond Meat Sizzles
Some of the unicorn stocks that went public this year didn’t have a great July. Slack (WORK), Uber (UBER), and Lyft (LYFT) fell 10.9%, 9.1%, and 7.4%, respectively.
Why Facebook’s Libra Might Not See the Light of Day
Ahead of its launch, Facebook’s Libra is already making waves. However, despite the benefits up for grabs, there’s a chance it might not come to life.
Why Slack, Uber, and Lyft Are Having a Tough Day
Before the market opened, President Donald Trump fired a tweet directed at China, saying, “China is doing very badly, worst year in 27.”