Ride-hailing

Ride-hailing Recent News

Lyft To Sell Self-driving Car Unit To Toyota Arm For $550 Million
Lyft Inc (NASDAQ: LYFT) is selling its self-driving unit Level 5 to a Toyota Motor Corp (NYSE: TM) subsidiary Woven Planet Holdings for $550 million in cash, the companies announced on Monday — a move that is exp
SoftBank-Backed China's Uber Equivalent Raises $1.5B Debt Before Its IPO: Bloomberg
Uber Riders In London Can Now Choose If They Want An All-Electric Vehicle
Uber Technologies Inc. (NYSE: UBER) riders in London will now have the option to choose a fully electric vehicle for their journey instead of a hybrid, diesel or petrol car, according to a report by the Financial Times.
Lyft 'On The Precipice Of A Demand Snapback:' Why Wedbush Sees Further Upside In 2021
Ride-hailing platform Lyft Inc (NASDAQ: LYFT) is expected to deliver a demand bounceback in 2021 as the coronavirus vaccine rollout accelerates to the masses by this summer and more companies resume work from the office and traveling picks up significantly, according to Wedbush Securities.
PreMarket Prep Stock Of The Day: Uber
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
Uber Acquires Alcohol Delivery Business Drizly In $1.1B Deal: What Investors Need To Know
Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal.
12 Emerging Technologies To Watch In 2021
Technology stocks have historically led market rallies, and this year has been no exception. The Technology Select Sector SPDR Fund (NYSE: XLK) has advanced about 40% year-to-date, with stocks levered to remote work and study making strong upward moves.
Uber, DoorDash Hike Prices In California To Cover Prop 22 Benefits
Proposition 22 goes into effect this week in California.
Uber Fined $59M In California Over Refusal To Share Information On Sexual Assaults
Ride-hailing company Uber Technologies Inc (NYSE: UBER) was fined $59 million in California on Monday for failure to comply with administrative laws regarding sexual assault and sexual harassment claims.
Want To Send Christmas Packages, Treats To Loved Ones? Uber Could Have The Secret Santa Solution
The COVID-19 pandemic has led to a surge in online purchasing — and the need to use logistics companies to ship COVID-19 vaccines during the holiday season and the surge in online orders is causing a perfect storm.
Uber, Lyft, DoorDash Can Pay Gig Workers Up To 15% Compensation In Stock Under New SEC proposal
The Securities and Exchange Commission announced a new proposal on Tuesday, which could allow companies like Uber Technologies Inc (NYSE: UBER) a
Uber For Trucks — Manbang — Piles On Another $1.7B Funding Over Google, SoftBank's, Ahead Of Highly-Anticipated IPO
SoftBank Group Corp (OTC: SFTBY)-backed Manbang, a trucking startup, raised $1.7 billion in its latest funding round, TechCrunch reported Tuesday.
Lyft Analysts On How Delivery Leverages Technology Platform, But Could Hurt Profit Push
Lyft analysts are sizing up the third-quarter earnings report from the ride-hailing company — and the announcement the company is exploring delivery options for retailers.
4 Uber Analysts Talk Q3 Delivery Outperformance, Prop 22 Passage
Analysts were raising their price targets on Uber Friday after the company reported third-quarter earnings led by strong growth in the delivery segment.
Uber, Lyft Are Exempt From Classifying Drivers As Employees After Proposition 22 Ballot Victory
California has voted in favor of Proposition 22, a ballot measure that exempts ride-hailing companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT) from classifying drivers as emp
Uber, Lyft Must Classify Drivers As Employees, California Appeals Court Rules
In a setback for ride-hailing companies Uber Technologies Inc (NASDAQ: UBER) and LYFT Inc (NASDAQ: LYFT), a California appeals court ruled on Thursday that the companies must comply with
Uber Regains London Operating License: What It Means For Investors
Uber Technologies (NYSE: UBER) has been granted a new license to operate in London after a judge upheld the ride-hailing company’s appeal against Transport for London.
Uber Analyst Expects California's Prop 22 To Pass Based On Latest Polling
Uber Technologies Inc (NYSE: UBER) shares are down 5.4% in the last three months, and one of the biggest factors weighing on the stock is California’s AB5 law, which could potentially completely overhaul the company’s business model by forcing Uber to classify its drivers as employees rather than
Uber Can Find 'Workable Solution' In California, Analyst Says In Upgrade
While low ride volumes and increased regulations will remain headwinds in the near-term, Uber Technologies Inc (NYSE: UBER) is well-positioned to tackle these challenges and capitalize on the structural trends toward ride-sharing and delivery, according to Daiwa Capital Markets.
Uber To California: We Could Leave The Golden State Temporarily
Uber Technologies Inc (NYSE: UBER) made it clear to the public Wednesday that it wouldn't hesitate to shut down its operations in California if the state proceeds with a
Uber, Lyft Must Classify Drivers As Employees, In Compliance With California Law, Judge Rules
Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) must classify their workers as employees with benefits, a judge in San Francisco, California, ruled Monday, Bloomberg
Uber's $2.65B Postmates Acquisition: The Bull Vs. Bear Reaction
The Street's reaction to Uber Technologies Inc's (NYSE: UBER) $2.65-billion acquisition of Postmates is mixed as some analysts are praising the deal while others question the logic.
Amazon Buys Autonomous Driving Startup Zoox For A Reported $1B
Amazon.com (NASDAQ: AMZN) has agreed to acquire self-driving startup Zoox Inc for the