Lyft Inc
San Francisco’s slow recovery from Covid has left small businesses ‘hanging on’ for tech workers’ return
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept […]
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Analyst Mark Mahaney sees more trouble ahead for internet stocks, but has some top picks
Internet stocks took a heavy blow during the first half of 2022 as rising inflation spooked investors away from the growth sector, which is among those most sensitive to rising interest rates. Further pain is ahead as the economy shows signs of softening consumer demand, but some stocks may weather the storm better than others, […]
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Gas at $5 tips some U.S. rideshare drivers to wrap cars in ads
A man applies an advertising wrap to a car in Sandy Springs, Ga. John Amis | AP When Duana Malcolm had her blue Hyundai Sonata sedan ‘wrapped’ as a mobile advertising board, the part-time delivery driver did not expect to make an extra $200 per month. Malcolm is one of the many rideshare drivers looking […]
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Uber restarting shared rides in U.S. cities like New York and San Francisco
Zoom In IconArrows pointing outwards Uber announced Tuesday it’s bringing back shared rides in a handful of U.S. cities after pulling the service for more than two years. The feature, which allows riders to share a car with strangers going in a similar direction for a discount, is available in New York City, Los Angeles, […]
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Lyft plans to build a hybrid network of autonomous and driver vehicles, co-founder says
Lyft’s vehicle fleet will remain largely commandeered by drivers even as the company continues to develop its autonomous driving capabilities, co-founder and president John Zimmer told CNBC’s Jim Cramer on Tuesday. “What we see happening is that there will be a hybrid network, meaning on day 1, just like what happened with phones, you didn’t […]
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Start-up investors are warning of dark days ahead as boom times are ‘unambiguously over’
Sean Gladwell | Moment | Getty Images Slow your hiring! Cut back on marketing! Extend your runway! The venture capital missives are back, and they’re coming in hot. With tech stocks cratering through the first five months of 2022 and the Nasdaq on pace for its second-worst quarter since the 2008 financial crisis, start-up investors […]
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Stocks making the biggest moves premarket: Dick’s Sporting, Express, Wendy’s and more
Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and […]
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Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $4.5 billion fund for backing […]
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Why the first autonomous vehicles winners won’t be parked in your driveway
An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future […]
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