LYFT Inc (NASDAQ: LYFT) Suspends Price Increases in New After a Shooting in Sunset Park, Brooklyn

After a horrific incident where a man in a construction vest and face mask opened fire in a subway car, LYFT Inc (NASDAQ: LYFT) has suspended its price surge. The event, which occurred in Sunset Park, Brooklyn, resulted in the injury of 29 people. After the incident, people noticed that the fares for Lyft and […]

Record Covid Wave Spurs Fresh Interest in Delivery Stocks (DELHY, TWOH, UBER, GRUB, LYFT, DASH, AMZN)

The Omicron variant continues to drive the headlines for the pandemic. Cases and hospitalizations related to Covid-19 are now both at all-time highs on a 7-day rolling average basis. In fact, according to the nation’s leading infectious disease expert, it’s going to get a whole lot more pervasive. “Omicron, with its extraordinary, unprecedented degree of […]

As Covid Cases Swell Get Food Delivery Stocks on the Radar (GRUB, TWOH, DASH, DELHY, UBER, AMZN, LYFT)

We have seen an explosion in new Covid cases over recent weeks across the developed world. In the US, the 7-day average for new cases has grown from approximately 70k per day to nearly 160k per day in the past two months. That doesn’t even really count the hyper-contagious new Omicron variant, which promises to […]

LYFT Inc’s (NASDAQ: LYFT) Former CEO is Now the CFO For OpenSea

LYFT Inc’s (NASDAQ: LYFT) former CEO, Brian Roberts, is not the CFO of OpenSea, the most prominent Non-fungible token (NFT) marketplace. Roberts states that he hasn’t felt excited about anything since eBay launched. While Lyft saw a lot of growth under his leadership, Roberts believes it is time for him to try his hand in […]

Spotlight on Delivery Stocks as Omicron Takes Center Stage (DELHY, TWOH, UBER, GRUB, LYFT, DASH)

As the Omicron variant starts to take over the headline feed around Covid, investors are left with the need to diversify back into stories that work in pandemic restricted world. The data is unclear, but the broad market sell-off has yet to surface into the divide that defines the Covid winners versus the Covid losers. […]

Could this Small Food Delivery Start-Up be Lined up for Acquisition Interest (TWOH, UBER, GRUB, LYFT, DASH, PZZA)

Acquisition potential is a major factor driving capital allocation. One space that has started to show signs of a potential wave of consolidation and dealmaking is the food delivery sector. This was highlighted this week when DoorDash Inc. (NYSE:DASH) announced that it is buying Wolt, a Helsinki-based food delivery startup, in an all-stock transaction valued […]

Food Delivery Businesses Embrace Massive Growth Potential in Post Pandemic Decade (UBER, TWOH, GRUB, LYFT, DASH, PZZA, TKAYF)

The Covid-19 pandemic health crisis has a footprint that will firmly entrench itself in the history of human civilization. The terrain of the future will be forever altered because every single person in the world – over 8 billion individuals – went through a crisis that presented new needs and opportunities for a sustained period. […]

Lyft Inc (NASDAQ: LYFT) Partners With Match Group Inc (NASDAQ: MTCH) to Enable Tinder Users to Buy Lyft Ride for Potential Date

Lyft Inc (NASDAQ: LYFT) has partnered with Match Group Inc (NASDAQ: MTCH) to create a feature that enables Tinder users to buy a Lyft right for their dates. Tinder members can access the feature in the newly added Explore section of the site. To use the service, both parties should have Lyft accounts. Tinder users […]

Trip Segment Values for Uber, Lyft Endure Rising Nationwide Amongst Motorist Scarcity

Summoning a trip is turning out to be progressively costly for customers. As ride-share companies like Uber (NYSE:UBER) and Lyft battle driver scarcities, fees for trips have skewered 40% countrywide, rendering to statistics from Rakuten. The upwelling is striking big cities like New York, Los Angeles, and Chicago particularly stiff. Industry forecasters say that with […]

Uber Technologies Inc (NYSE:UBER) Abides To New AB5 Law In California: Uber Users Need To Pay Computed Price At the End Of The Trip

Uber Technologies Inc (NYSE:UBER) has announced an end to price protection for the trip and making changes to the App adhering to the new law – AB5 in California. As per the new law, the users need to pay the final calculated price at the end of the trip than the estimated price. Californian authorities […]

Uber (NYSE:UBER) And Postmates Goes To Court To Block Controversial Gig-Worker Legislation

Uber Technologies (NYSE:UBER) and Postmates have filed a suit against the state of California regarding its controversial “gig worker” bill. Uber oppose gig worker law The controversial law reclassifies most contracts workers as employees instead of independent contractors. The law which targets app-based firms such as Uber and Lyft (NASDAQ: LYFT) requires the companies to […]

Uber’s (NYSE:UBER) Freewheeling Era Is Over As Cities Tighten Regulations On Ride-Hailing

Uber Technologies (NYSE:UBER) is facing regulatory scrutiny across the globe, and it now seems the freewheeling era is over for the taxi-hailing company. The company saw its stock drop by 6% to $29.60. Uber faces a regulatory crackdown Last month it was a month to forget for the ride-hailing company after it was hit with […]

Chicago Data Shows Uber (NYSE:UBER) Overcharging Carpooling riders

One of Silicon Valley’s [most closely guarded secrets is how much taxi-hailing companies Lyft (NASDAQ:LFYT) and Uber (NYSE:UBER) charge customers. A Chicago law requiring the companies to provide their fare data has offered information on how one of the companies is trying to make a profit. Ridesharing fares increasing Over the last year, shared rides […]

Libra Association Launched By Facebook, Inc. (NASDAQ:FB) Elects A Five Member Board Of Directors On Its First Meeting

Despite the exit of prominent payment processors, Libra Association launched by Facebook, Inc. (NASDAQ:FB) conducted its first meeting on Monday in Geneva. It has the support of 21 members that include Venture Capital Firms, Vodafone, Spotify, Lyft, and Uber. Facebook moves ahead with creating Libra Shrugging off the criticism from US politicians and regulators and […]