UBS analyst Lloyd Walmsley initiated coverage of Lyft Inc with a Buy rating and $60 price target, implying a 50.8 percent upside. The company benefits from a robust post-pandemic recovery as a pure-play rideshare business operating in a “stable duopoly market,” with little noise around investment in delivery wars and having no exposure to international…
UBS Sees Lyft Gaining From Robust Post-Pandemic Recovery; Sees 51 percent Upside
Business Chart of the Day: Uber vs. Lyft
Shares of Uber Technologies, Inc. and Lyft, Inc. may be about to move, but for different reasons. Uber has dropped to support. At support levels, there is a large concentration of buyers looking to pay the same price for shares. This is why sell-offs end when they reach them. When the support breaks, meaning that the stock trades below…
Rideshare Drivers Staging One-Day Strike in LA, Other Cities
July 21, 2021
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LOS ANGELES, Calif.—People looking to use ride-hailing services such as Lyft and Uber might be in for some difficulty July 21, as many drivers are conducting a one-day strike for better pay and status under the law. Rideshare Drivers United—an independent association of U.S. rideshare drivers founded in Los Angeles—is organizing the strikes in a…
Uber and Lyft Drivers Are on Strike Today. What Riders Need to Know
By Jessica Roy From Los Angeles Times Rides through Uber and Lyft that are already hard to secure these days—and sometimes eye-poppingly expensive—because many drivers stopped working in the pandemic may become even more difficult to reserve Wednesday, when some drivers will be on strike. An organization that represents rideshare drivers has called for the…
Sharing a Ride to Health and Safety
We all hope for a breakthrough in the cure for cancer. Thankfully, scientists are making progress in the fight against this and many other devastating diseases. But on occasion, an innovation well outside of the health care sector can make a big difference in matters of life and death. And there is one such innovation…
Efforts to Vaccinate Americans Include Free Lyft, Uber Rides
President Joe Biden on Tuesday announced a series of efforts his administration hopes will boosting COVID-19 vaccination rates in the United States, including free or discounted Uber and Lyft rides for people traveling to get their jabs. “The feature will launch in the next two weeks and run until July 4,” the White House said,…
NTD Business Full Broadcast (Feb. 10)
Housing market cools off slightly this week. We ask real estate investor George Gammon if this is a good time to buy a home. Fourteen states are urging president Biden to reverse course on the Keystone XL pipeline. What’s at stake? And will they take legal action? Ride-hailing company Lyft reporting signs of recovery. Will it finally make…
Orange County Ridesharing Passenger Warns of Disturbing Fraud
February 3, 2021
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A Rancho Santa Margarita woman is warning others about the unscrupulous tactics of some ridesharing drivers after she says she was hit with a bogus charge. Ashley McClure told The Epoch Times that she’s fallen victim to a scam that’s been circulating throughout the country for years: Vomit fraud. The Better Business Bureau is among…
Taxi Companies Lose Court Bid to Quash Uber, Lyft Licences in British Columbia
VANCOUVER—Several Metro Vancouver taxi companies have lost a court bid to quash the approvals of ride−hailing operators Uber and Lyft in British Columbia. Nine cab companies filed a petition asking the B.C. Supreme Court to overturn the decisions of the provincial Passenger Transportation Board that allowed the two major ride−hailing providers to operate. The cab…
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