Uber on Wednesday reported $3.17 billion in Q4 revenue, missing expectations of $3.58 billion. Uber reported GAAP losses per share of $0.54, beating analyst expectations of $0.55. Uber’s valuation doubled in 2020 despite the pandemic and the company’s inability to turn a profit. Visit the Business section of Insider for more stories. Uber on Wednesday… Continue reading Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery (UBER)
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Why Lyft’s food delivery strategy centers on sharing customer data with restaurants and retailers
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
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)
Uber: Uber Announces Results for Fourth Quarter and Full Year 2020
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the fourth quarter and full year ended December 31, 2020. Financial Highlights for Fourth Quarter 2020 Gross Bookings grew 16% quarter-over-quarter (“QoQ”) to $17.2 billion, down 5% year-over-year (“YoY”), or 4% on a constant currency basis, with Delivery Gross Bookings growing 128% YoY… Continue reading Uber: Uber Announces Results for Fourth Quarter and Full Year 2020
Reimagining Public Buses in the Age of Uber
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Toyota, Denso team with Aurora on self-driving cars for Uber, others
TipRanks 3 Big Dividend Stocks Yielding at Least 9%; BTIG Says ‘Buy’ How important are dividends to a stock investor’s profits? Speaking before the Financial Industry Regulatory Authority (FINRA) on October 15, 2007, investing guru John Bogle laid out the case: “Over the past 81 years… reinvested dividend income accounted for approximately 95 percent of… Continue reading Toyota, Denso team with Aurora on self-driving cars for Uber, others
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)
CES 2021 – GM CEO Mary Barra And Cadillac Presentation At GM Keynote For Tuesday – Oakland News Now Today Blog
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Lyft says cost cuts, coming ride recovery could bring third-quarter profit
By Tina Bellon, Akanksha Rana 5 Min Read (Reuters) – Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver… Continue reading Lyft says cost cuts, coming ride recovery could bring third-quarter profit
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)