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)
Tag: Uber
Uber and Walgreens team up to offer free rides and access to the COVID-19 vaccine for underserved communities
Uber and Walgreens partnered up to help minority communities receive the COVID-19 vaccine. Uber will offer free rides, and Walgreens will provide education and access. Underserved communities haven’t received their share of vaccine doses, according to Kaiser data. Visit the Business section of Insider for more stories. Uber and Walgreens are teaming up to distribute… Continue reading Uber and Walgreens team up to offer free rides and access to the COVID-19 vaccine for underserved communities
Aurora strikes deal with Toyota, Denso to develop, test self-driving Sienna minivans
Aurora has reached a deal with Toyota and auto-parts supplier Denso to develop and test vehicles equipped with the self-driving startup’s technology, beginning with a fleet of Toyota Sienna minivans. Engineering teams from Aurora and Toyota will work together to design and build the self-driving Sienna minivans with an aim to start testing a fleet… Continue reading Aurora strikes deal with Toyota, Denso to develop, test self-driving Sienna minivans
Lyft maintains goal of profitability by end-2021, sees rides recovery in second quarter
By Tina Bellon, Akanksha Rana 4 Min Read (Reuters) – Lyft Inc said on Tuesday it stood by its goal to become profitable on an adjusted basis by the end of this year despite the pandemic, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver Hub… Continue reading Lyft maintains goal of profitability by end-2021, sees rides recovery in second quarter
Uber: Walgreens and Uber Join Forces to Address Barriers to COVID-19 Vaccine Equity
DEERFIELD, Ill. & SAN FRANCISCO–(BUSINESS WIRE)–Walgreens and Uber Technologies, Inc. (NYSE: UBER), a global leader in ridesharing and on-demand delivery technology, today announced that they have entered into an agreement to help drive equitable access to COVID-19 vaccines among underserved communities. Together, Uber and Walgreens will combine their expertise to address common barriers to health equity… Continue reading Uber: Walgreens and Uber Join Forces to Address Barriers to COVID-19 Vaccine Equity
6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Uber has acquired startups like Drizly, Postmates, and Cornershop in recent years. Any future acquisitions would likely focus on deliveries, an expert told Insider. He said Chowbus, Black and Mobile, and NimbleRx are among the startups Uber is most likely to buy. Visit the Business section of Insider for more stories. Uber has increased its… Continue reading 6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Uber Sells Its Robocar Unit
Original Article
A former NEA partner and a former Uber exec just closed their $140 million debut VC fund
Dayna Grayson and Rachel Holt seemingly didn’t have the best timing. It was late in 2019 when the two, who met six years ago in Washington through a mutual acquaintance, decided to act on earlier conversations and start a fund together called Construct Capital. At the time, Grayson spied an opportunity to create a new… Continue reading A former NEA partner and a former Uber exec just closed their $140 million debut VC fund
Bolt’s CEO says his key to acing 12-hour workdays is a 5-kilometer walk and pristine sleep hygiene
27-year-old CEO of Uber rival Bolt Markus Villig walks a five-kilometer commute every day. The CEOs of Facebook, Google, LinkedIn, and Apple also back walking meetings and commutes. Research has shown that walking meetings bring people together and that walking supports creativity. Visit the Business section of Insider for more stories. Running a startup is… Continue reading Bolt’s CEO says his key to acing 12-hour workdays is a 5-kilometer walk and pristine sleep hygiene
The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an expansion
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to… Continue reading The Station: Uber slurps up Drizly, Ford doubles its EV budget and Rad Power Bikes plots an expansion