Lyft could use a lift. At this writing, the company's shares are trading at a bit over $9.60, well off recent peaks of more than $17.
RBC Capital Markets Internet Analyst Brad Erickson joins Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss Lyft's decision to appoint former Amazon retail exec David Risher as the rides
After the Nasdaq-100 index plunged 33% last year, Wall Street analysts entered 2023 on a cautious footing. Nonetheless, some analysts continue to find quality stocks with significant upside potential.
Lyft Inc.'s incoming Chief Executive David Risher looks at the ride-hailing company's competition with Uber Technologies Inc. as a way to keep both companies “honest and focused,” he said in an in
Uber Eats announced plans to remove thousands of online-only brands from its app in a crackdown on restaurants listing their menu under multiple brand names, according to reports.  These virtual “g
Based on the average brokerage recommendation (ABR), Uber (UBER) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this hig
Uber Eats is reportedly removing thousands of virtual brands it says have cluttered its platform. Company officials told The Wall Street Journal (WSJ) Monday (March 27) that these brands — delivery

Uber Technologies Is A Buy. Lyft Not So Much

03:14am, Wednesday, 22'nd Mar 2023
Uber's management team is likely more competent than its counterpart at Lyft. Uber's mobility division growth rate far surpassed Lyft's growth rate during the pandemic.
A lawsuit against AB5 brought by Uber, Postmates and two of their gig drivers failed in a lower federal court in California in 2020 but has been partially revived on appeal. And it appears that the pr
Uber, Lyft trade group Flex Association requested nominated DOL Secretary Julie Su to explain her stance on worker-classification rules.
A trade group representing rideshare and delivery companies such as Uber and Lyft is asking President Joe Biden's nominee to lead the U.S. Department of Labor, Julie Su, to explain her position on wor
UiPath's narrowing losses indicate its business is sustainable. Uber's rising profits suggest that economies of scale are kicking in.
After an appeals-court decision this week, California ride-hailing drivers and other gig workers will remain independent contractors instead of employees for the foreseeable future — a win for gig c

Why Uber Stock Is Retreating Today

11:41am, Wednesday, 15'th Mar 2023
A California appeals court ruled that Uber drivers can be designated contractors.  Uber's shares are losing steam amid broader fears in the stock market.

Why Uber Stock Jumped Today

04:31pm, Tuesday, 14'th Mar 2023
Uber's drivers can continue to operate as independent contractors in California. The court decision could save the company millions of dollars in additional costs.
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