Circle November 6 on your calendar.
That day, one of America’s most controversial disruptor stocks will likely get crushed.
If history’s any indication, it could easily plunge 10% or even 15%.
Rumors will fly that the company is going out of business.
But if you know what’s coming, you have nothing to worry about. You could even capitalize on the fear.
In fact, I wouldn’t be surprised if November 6 turns out to be the best opportunity to buy this beaten down stock ahead of a big bounce.
A review of 14,756 rides found Uber and Lyft taking a much bigger slice of drivers' fares than they say they do
A Jalopnik analysis of 14,756 ride fares from Uber and Lyft drivers found the ride-hailing apps to be taking a bigger bite out of drivers' fares than they say they do.
Uber and Lyft have handily deflected any competition so far. Together, the two ride-hailing giants capture more than 98% of market spending, according to analytics company Second Measure.
Florida school hires combat vets with semi-automatic rifles to protect students from active shooters
We're not looking for a fair fight. We're looking at an overwhelming advantage
A school in Florida is taking school safety so seriously that it has hired two combat veterans armed with semi-automatic rifles to patrol and guard the campus against potential threats, according to The New York Times.
NASHVILLE, Tenn. (WTVF) — An Uber driver involved in a crash while on the clock is being forced to pay thousands of dollars to fix her car, and she said the reason is a gap other rideshare drivers need to know about.
Weeks after laying off a third of its marketing division, Uber has recruited a longtime Google executive to help lead the reorganization.
In Los Angeles County, where the minimum wage is currently $14.25 an hour, studies suggest that Uber and Lyft drivers often make far less. In El Monte, an industrial city east of Los Angeles, the city council just unanimously voted to change that, telling city officials to begin drafting a law that would guarantee drivers a minimum of $30 an hour.
It was a roller-coaster ride of sorts for ride-hailing service Lyft Inc. on Wednesday.
Shares initially spiked as much as 11% in after-hours trading following a surge in sales and a forecast for stronger annual revenue, but the gains quickly cooled after the company said insiders would be able to sell their shares earlier than expected. Reversing course once again, shares rebounded from a momentary dip in the extended session to rise again after Lyft executives revealed its price war with Uber Technologies Inc. was easing and that losses this year will be less than in 2018. The stock was up 6.8% in premarket trade Thursday.
SAN FRANCISCO — Uber set two dubious quarterly records on Thursday as it reported its results: its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth.
The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether it can make money, worries that were compounded by a disappointing initial public offering in May.
In first earnings reports after IPOs, ride-hailing rivals suggested they were no longer trying to compete over price on road to profit
Ride-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war between them that is ending.
Earlier this year, in their first earnings reports after initial public offerings less than a month apart, the rivals suggested that a price war subsidized by venture capital is coming to an end. While that will likely lead to higher fares for consumers, it also means higher revenue for Uber and Lyft, which should cheer investors increasingly concerned about a sea of red ink. The companies lost a combined $2.15 billion in their last quarters.