Lyft is piloting B2B on-demand delivery in certain US markets. Adding delivery is part of the company’s long-term growth strategy. Lyft said merchants are looking for delivery partners that allow them to keep relationships with customers. Visit the Business section of Insider for more stories. Just when the crowded delivery space was thinning out amid… Continue reading Why Lyft’s food delivery strategy centers on sharing customer data with restaurants and retailers
Author: Business Insider
Lyft could pay about $3,000 for failing to disclose that it paid for some ads in its $48 million Prop 22 campaign (LYFT)
Lyft could pay $3,371 for not noting it paid for some Prop 22 ads. Lyft spent $48 million campaigning for Prop 22, which would allow it to pay drivers as contractors. California voters approved the legislation in the November election. Visit the Business section of Insider for more stories. Lyft is being threatened with a… Continue reading Lyft could pay about $3,000 for failing to disclose that it paid for some ads in its $48 million Prop 22 campaign (LYFT)
Bitcoin’s pullback slashes 23% from crypto evangelist Michael Saylor’s MicroStrategy (MSTR, TSLA)
Bitcoin’s pullback leads to volatility in MicroStrategy. NurPhoto/Getty Images Noted bitcoin bull Michael Saylor saw shares of his company MicroStrategy fall as much as 23% on Wednesday. The volatile move is a result of MicroStrategy’s significant bitcoin exposure. JPMorgan analysts warned clients in a note of the increased volatility that results from holding bitcoin. Sign… Continue reading Bitcoin’s pullback slashes 23% from crypto evangelist Michael Saylor’s MicroStrategy (MSTR, TSLA)
From Tesla’s wildest Model S yet to Rivian’s off-road pickup, these are the 14 coolest upcoming EVs set to hit the road in 2021
2020 was a massive year for electric vehicles, but 2021 may be even better. Battery-powered pickups, SUVs, luxury sedans, and more — ranging from around $40,000 into the six figures — will hit US roads by the end of 2021. Over the next year, upstarts like Rivian, Bollinger, and Lucid are set to deliver their… Continue reading From Tesla’s wildest Model S yet to Rivian’s off-road pickup, these are the 14 coolest upcoming EVs set to hit the road in 2021
Lyft CEO Logan Green predicts US will reach ‘critical immunity levels’ faster than many international markets (LYFT)
Lyft CEO Logan Green said the US will reach “critical immunity” faster than many other countries. Lyft told investors Tuesday that it will be EBITDA-profitable in 2021 if the recovery continues. The US still has one of the worst COVID-19 outbreaks, but has higher-than-average vaccine rates. Visit the Business section of Insider for more stories.… Continue reading Lyft CEO Logan Green predicts US will reach ‘critical immunity levels’ faster than many international markets (LYFT)
Tesla competitor Rivian seeking an IPO as soon as September that would value it at $50 billion, report says
Rivian Rivian Automotive Inc, an electric vehicle startup considered one of the highest-profile potential competitors to Tesla, is seeking an IPO at a valuation of about $50 billion, according to Bloomberg. Rivian is looking to go public as soon as September, but the listing could be pushed to later in 2021 or even into 2022,… Continue reading Tesla competitor Rivian seeking an IPO as soon as September that would value it at $50 billion, report says
5 threats that could kill the electric-vehicle stock boom that has sent Tesla and Nio soaring, experts say
EV stocks had a great year in 2020, but investor attitudes can change quickly. Insider asked two experts to name the biggest threats to EV stocks in 2021. Their answers included botched vehicle rollouts, a shift toward value stocks, and less day-trading. Visit the Business section of Insider for more stories. Though electric vehicles still… Continue reading 5 threats that could kill the electric-vehicle stock boom that has sent Tesla and Nio soaring, experts say
JPMorgan says other big companies are unlikely to copy Tesla’s big cryptocurrency bet because of Bitcoin’s volatility
Elon Musk. Win McNamee/Getty Images Tesla’s bold bitcoin bet is unlikely to be followed by other major corporates, according to JPMorgan. Bitcoin’s volatility is the main reason that will deter more mainstream companies, strategists said. Adding a 1% Bitcoin allocation “would cause a big increase in the volatility of the overall portfolio.” Sign up here for our… Continue reading JPMorgan says other big companies are unlikely to copy Tesla’s big cryptocurrency bet because of Bitcoin’s volatility
GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)
Sen. Pat Toomey said Jan. 28 the GameStop stock surge “has all of the characteristics of a bubble.” Toomey’s son that same day sold GameStop stock for between $1,001 and $15,000, per financial disclosures. An ethics watchdog said while the trades are legal, “it sure doesn’t look good from the outside.” Visit the Business section… Continue reading GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)
Lyft shares jump 10% after its earnings reveal cost cutting and signs of pandemic recovery (LYFT)
Lyft on Tuesday reported $569.9 million in Q4 revenue, beating expectations of $562.49 million. Lyft reported GAAP losses per share of $0.58, beating analyst expectations of a $0.72 loss per share. Lyft shares jumped 10% as the company said it expects to be profitable by Q4 2021. Visit the Business section of Insider for more… Continue reading Lyft shares jump 10% after its earnings reveal cost cutting and signs of pandemic recovery (LYFT)