Analysts hailed Uber Technologies Inc. as their ride-sharing preference Tuesday as Lyft Inc. posted quarterly results that indicated it was feeling some pressure from its larger rival.
Lyft Inc shares sank 20% on Tuesday on signs that competition from bigger rival Uber was stalling user growth and eating into the market share of the ride-hailing firm.
Lyft says it lost market share in the quarter due to Uber's aggressive driver incentives.

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Uber's stock price jumped after it reported third-quarter earnings.
Uber Technologies (UBER) third-quarter 2022 revenues increase year over year.
Yahoo Finance Live's Seana Smith checks out several trending stocks in the after-hours trading session.
Uber has applied to withdraw a petition in Kenya challenging the new ride-hailing regulations that capped commissions at 18%, and required taxi apps operating to acquire licenses. Coulson Harney, the

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Economies of scale are kicking in for the ride-hailing leader.
Mark MacGann, the whistleblower behind the so-called Uber Files, said on Wednesday that the ride-hailing company seemed to be taking steps toward improving its work culture but that its business model
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Uber Technologies Inc. (NYSE: UBER) traded at 3.5 times its average daily volume on Tuesday.
Uber will pay British authorities 615 million pounds (around $700 million) to settle a tax dispute following a British judicial ruling that classified drivers as workers, the company said Tuesday.
Uber CEO Dara Khosrowshahi joins Emily Chang to discuss the company's strong third quarter results that showed gains in ridership and strong spending by consumers. He says prices for rides won't likel
Steve Jang, Kindred Ventures, joins 'Closing Bell' to discuss Uber stock rising on higher-than-expected revenue growth.
Uber Technologies Inc (NYSE:UBER) shares drove higher on Tuesday after the company announced robust third quarter ridership numbers and projected fourth quarter earnings, causing US broker Oppenheimer
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