Uber Technologies Inc (NYSE: UBER) Stock Down By Close To 15% In The Last Month and

Uber Technologies Inc (NYSE: UBER) stock is not in its best shape. The stock slumped nearly 15% in the last month alone. Uber Technologies Inc stock is under pressure  Uber Technologies Inc’s stock is under pressure. The lockdowns imposed in a bid to curb the coronavirus impacted the stock. The growing concerns due to the […]

Uber Technologies Inc (NYSE: UBER) Withdraws Uber Eats From Hong Kong

Uber Technologies Inc’s (NYSE: UBER) wholly-owned subsidiary Uber Eats has announced that it will leave the Hong Kong market. The announcement comes five years after the company launched in the city. After a late entry into the food delivery market, Uber Eats could not compete with other companies, including Foodpanda and Deliveroo PLC (OTCMKTS: DROOF), […]

Uber Technologies Inc. (NYSE: UBER) And Lyft Inc. (NYSE: LYFT) Are Polluting The Environment As They Face Assault Lawsuits

A new study has shown that ridesharing companies Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NYSE: LYFT) may be sparing the environment from carbon emissions that result from starting a cold vehicle. Still, these gains are wiped by drivers driving around to wait for customers or fetching clients, which is called deadheading. Ridesharing rides […]

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 […]

California Passes A New Rule Forcing Rideshare Companies – LYFT Inc (NASDAQ: LYFT) And Uber Technologies Inc (NYSE: UBER) To Switch To Electric Vehicles

California is the first state to implement CMS (Clean Mile Standard) in the US. The new law mandates ridesharing companies – LYFT Inc (NASDAQ: LYFT) and Uber Technologies Inc (NYSE: UBER) to transition to electric vehicles from gasoline-based vehicles. CMS will be effective from 2023 According to a communiqué from CARB (California Air Resources Board), […]

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 […]