The stock of Lyft dropped 29.9% on Wednesday, as investors expected the firm to face short-term hurdles. After the bell on Tuesday, Lyft posted better-than-expected top and bottom-line results. However, due to rising gas prices, the company provided light second-quarter guidance and said it would have to continue spending on driver incentives, sending shares tumbling. … Read more
Russia-Ukraine war causes Nasdaq plunge to new lows US stocks plunged on Friday, with the Nasdaq denoting its most horrendously terrible month since October 2008 and the S&P scoring its most awful month since March 2020 at the beginning of the Covid pandemic. The tech-weighty Nasdaq fell 4.2% on Friday, hauled somewhere around Amazon (AMZN), … Read more
Following a federal verdict that struck down the law, ride-hailing giants Uber and Lyft lifted mask restrictions for users and drivers on Tuesday in New York. “You can now ride without a mask and use the front seat if you need to,” Uber announced on Twitter. “While mask usage is still recommended, we’ve updated … Read more
Uber has finally released its full safety transparency report, including stats around sexual assault and harassment over 2018 and 2017 in the United States (US). “Uber’s US Safety Report includes information about Uber’s actions on safety, as well as data on the most serious safety incidents reported on our ridesharing platform in 2017 and 2018,” … Read more
