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Don"t let Uber and Lyft take you for a ride

This year’s most anticipated IPOs will hinge on whether investors believe the ride-hailing companies can stop burning money......»»

Category: topSource: moneycentralFeb 8th, 2019

In One Chart: This chart shows how Uber rides sped past NYC yellow cabs in just six years

Ride-hailing apps like Uber and Lyft have surged, while New York taxi rides have stalled......»»

Category: topSource: marketwatchAug 9th, 2019

No Lyft for Uber shares after results fall short

Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing service missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from U.S. rival Lyft Inc a day earlier......»»

Category: topSource: reutersAug 9th, 2019

MarketWatch First Take: Lyft and Uber are giving investors what they want, which is bad for the rest of us

Ride-hailing companies Lyft Inc. and Uber Technologies Inc. are starting to give investors what they want, which is gradually showing up in their earnings results, but consumers are paying the price......»»

Category: topSource: marketwatchAug 8th, 2019

Uber quarterly revenue misses estimates, sees pricing pressure easing

Uber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, but followed ride-hailing rival Lyft Inc in saying that the pricing pressure is easing......»»

Category: topSource: reutersAug 8th, 2019

Lyft"s Quarter Shows Ride-Sharing Market Strength, May Be Good Sign For Uber

Lyft Inc.'s (NASDAQ: LYFT) strong quarter and acceleration toward profitability shows the overall ride-sharing market is rolling along nicely in the United States, which may bode well for Uber Technologies Inc (NYSE: UBER), sell-side ana.....»»

Category: earningsSource: benzingaAug 8th, 2019

Signs of price truce push Lyft, Uber higher

Lyft Inc's hints that its cut-throat rivalry with U.S. ride-hailing rival Uber Inc is easing may prove bad news for customers but it sent shares in both companies sharply higher on Thursday......»»

Category: topSource: reutersAug 8th, 2019

Lyft sees ride-hailing price war easing, sending Uber and Lyft shares up

Lyft Inc on Wednesday said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year and forecast a faster path to profitability......»»

Category: topSource: reutersAug 7th, 2019

Lyft raises forecast for 2019 as price war with Uber eases, ridership rises

Lyft Inc posted a robust jump in revenue on Wednesday in its second-quarter results, allowing the ride-hailing company to lift its forecasts as more riders used the service and price competition with rival Uber eased......»»

Category: topSource: reutersAug 7th, 2019

What to Expect When Uber and Lyft Report Later This Week

The two biggest ride-sharing firms are reporting their most recent financial results this week. Although neither of these firms has made much headway since their respective IPOs earlier this year but........»»

Category: blogSource: 247wallstAug 6th, 2019

Uber and Lyft: Dependence on Contractors Puts Rideshare Industry’s Future in Doubt

A California bill aims to restrict the use of independent contractors, and may cripple the ride-hailing leadersRelated Stocks: UBER, LYFT,.....»»

Category: worldSource: nytAug 6th, 2019

Earnings Outlook: Uber and Lyft earnings battle could be replacing the price war

Ride-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war between them that is ending......»»

Category: topSource: marketwatchAug 5th, 2019

Lyft joins Uber in offering ride-hailing services to wheelchair users in L.A. County

Transportation option.....»»

Category: topSource: latimesAug 5th, 2019

Earnings Watch: Uber’s and Lyft’s losses will stand in sharp contrast with Disney’s ‘Endgame’ earnings windfall

Uber Technologies Inc. and Lyft Inc. were expected to lose money for a while after their initial public offerings, but so far the two ride-hailing companies are losing more than just investors’ money......»»

Category: topSource: marketwatchAug 5th, 2019

Earnings Watch: Uber and Lyft’s losses will look even more stark against Disney’s ‘Endgame’ earnings windfall

Uber Technologies Inc. and Lyft Inc. were expected to lose money for a while after their initial public offerings, but so far the two ride-hailing companies are losing more than just investors’ money......»»

Category: topSource: marketwatchAug 4th, 2019

Gov. Baker outlines ride-hailing safety bill, seeks congestion data

Ride-hailing companies such as Uber and Lyft would face a range of new safety and data-collection regulations under new legislation outlined Wednesday by Gov. Charlie Baker......»»

Category: topSource: bizjournalsJul 11th, 2019

Stifel Gives Uber A Neutral Rating, Raises Target Price On Lyft

Stifel is bullish on the ride-hailing industry and raised its target price on Lyft Inc (NASDAQ: LYFT), while starting coverage of Uber Technologies Inc (NYSE: UBER.....»»

Category: blogSource: benzingaJul 2nd, 2019

Lyft Struggles With an Uncertain Path to Profitability

Scale may not be enough to bolster its core ride-sharing businessRelated Stocks: LYFT, UBER,.....»»

Category: personnelSource: nytJun 17th, 2019

Uber, Lyft rival to open Bay Area technology center with big plans for hiring

Indian ride-hailing company Ola plans to open an Advanced Technology Center in San Francisco and plans to hire more than 150 engineers to staff its center, the company said Thursday. Ola, which is India’s largest ride-sharing company, plans to u.....»»

Category: topSource: bizjournalsJun 13th, 2019

Evercore Along For Bullish Ride With Uber, Lyft

The ride-hailing industry is on a path to profitability sooner than some may think, with a huge untapped market left to capture, Evercore ISI said Thursday. .....»»

Category: blogSource: benzingaJun 13th, 2019

NYC to go another year without new Uber and Lyft drivers

The city had originally banned ride-hail apps from signing new drivers last August as part of a plan to raise pay levels.....»»

Category: topSource: moneycentralJun 13th, 2019