After Lyft Inc.’s financial results sent Uber Technologies Inc. shares into a spiral late Tuesday, Uber announced executives would move up the time of their own earnings announcement. Lyft LYFT, -2.35...
Tag: on-demand economy services
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Grab Stock Rebounds From Slump After Losses Widened
Text size A Grab Food delivery rider. Lauryn Ishak/Bloomberg Shares of Grab Holdings rebounded Friday following a slump after the Singapore-based ride-sharing and food delivery company reported a wide...
Uber’s New Earnings Outlook Leaves Investors Hungry for More
Uber Technologies Inc. spooked investors with a midterm earnings forecast that fell short of expectations and overshadowed the company’s pledge to be cash-flow positive by the end of this year. Chief ...
Uber Says Ebitda Could Hit $5 Billion. Stock Drops After Halt Is Lifted.
Text size Uber’s latest forecast was in line with what Wall Street had expected/ Alastair Pike / AFP via Getty Images Uber expects to expand its gross bookings by between 22% and 25% a year thro...
Lyft’s Revenues Top Estimates as Ride-Sharing Business Picks Up
Text size Lyft was profitable on an adjusted basis for the first full year in 2021. Dreamstime Lyft posted better-than-expected fourth-quarter results, reporting both improving ride volumes and increa...
Nearly two years into the pandemic, Uber and Lyft still looking for a consistent lane
Nearly two years into the COVID-19 pandemic, the ride-hailing industry is still seeking stability. Uber Technologies Inc. UBER, +7.27% and Lyft Inc. LYFT, +3.63% are scheduled to release fourth-quarte...
These 20 highly rated stocks are expected to rise at least 70% over the next year
A sliding stock market means many companies are on sale, which spells opportunity for investors with investment horizons of several years. A list of the most favored names among analysts, along with c...