Uber’s [UBER] share price and Lyft’s [LYFT] share price have had mixed fortunes this year.
Uber’s share price has gained over 400% this year as the ride-hailing service continues to rehabilitate its image.
The company is also launching a grocery delivery service.
In a last-minute turnaround, Uber & Lyft will continue to operate in California for a little time longer. Stock price jumps 7% and 6% respectively.
With Uber losing more money and Lyft set to announce Q2 earnings, are rideshare still companies sustainable?
It’s the day of reckoning for a company that is continuing to bleed money and keep its ride-hailing and food-delivery businesses afloat.
Due to COVID-19, there has been unprecedented demand for food delivery services, but underlying issues should concern investors about this sector.
Short Selling is essentially betting a stock will decrease in value in the future, however it’s a much riskier position than owning shares
Massachusetts is joining California in suing Uber and Lyft for their misclassification of workers. Could this be the end of the road for the gig economy?
The smaller competitor offers a few advantages investors shouldn’t overlook.