SHOCKING: 5 | Mind Blowing Facts

Uber Goes Aggressive In One Of Its Leading Market Following Pandemic Recovery

Uber Technologies Inc (NYSE: UBER) looks to add long-distance travel bookings to its U.K.

Benzinga · Apr 6, 2022

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave.  The law…

Benzinga · Apr 4, 2022

Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's (NASDAQ:GRAB) technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports. Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the…

Benzinga · Mar 30, 2022

EVgo Bags California Energy Commission Grants For Rideshare Electrification

EVgo Inc (NASDAQ:EVGO) has been selected for proposed awards for two California Energy Commission (CEC) Charging Access for Reliable On-Demand Transportation Services (CARTS) grants. The proposed grant amounts to over $3.6 million. The proposed awarding of two CARTS grants builds upon EVgo's previously announced partnership with Uber Technologies Inc (NYSE:UBER). EVgo will build twin public…

Benzinga · Mar 23, 2022

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform.  Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform.  Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Benzinga · Mar 21, 2022

Looking Into Uber Technologies Inc's Recent Short Interest

Uber Technologies Inc's (NYSE:UBER) short percent of float has risen 14.08% since its last report. The company recently reported that it has 82.76 million shares sold short, which is 4.7% of all regular shares that are available for trading.

Benzinga · Mar 17, 2022

Lyft, GrubHub Follow Uber, Boost Gig Driver Pay

Lyft Inc(NASDAQ:LYFT) admitted adding a temporary surcharge on its rides to help drivers deal with surging gas prices, CNBC reports. The Uber Technologies Inc(NYSE:UBER) competitor did not elaborate much on surcharge. Food-delivery marketplace GrubHub Inc (NASDAQ:GRUB) also boosted the pay for its gig drivers, Bloomberg reports.  Related Content: Uber Adds Surcharge To Help Drivers Bear…

Benzinga · Mar 15, 2022

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties.  The ride-hailing company's main apps were removed from local…

Benzinga · Mar 11, 2022

Uber, Lyft Drivers Lock Horns With Riders Over Mask Mandate: WSJ

A new crisis challenges the ride-sharing companies like Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) as the states lift mask mandates, the Wall Street Journal reports. The companies require the riders to continue wearing masks.  However, drivers find it challenging to remain masked as the local governments push for a widespread reopening.  The U.S.…

Benzinga · Mar 10, 2022

Rental Car Companies Mull Electrification: Reuters

The rental car industry, after a stellar performance boosted by the pandemic, is poised to embrace electrification, Reuters reported. Asian automakers could enter the electric transition, dominated by companies in the west, mainly in the U.S. and Europe. The report quoted Olivier Baldassari, group chief countries, and operations officer at rental…

Benzinga · Mar 9, 2022