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Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble
Benzinga19d agobearish
Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble

Lyft Inc. (NASDAQ:LYFT) reportedly faces multi-billion-dollar liabilities from its legal challenges due to alleged sexual assault claims, according to short-seller Bleecker Street Research, which announced that it was shorting the ride-hailing company. Lyft Faces Thousands of Cases According to the short-seller’s research report released on Thursday, Lyft faces an estimated $1.3 billion to $2.7 billion in potential exposure stemming from consolidated rideshare sexual assault litigation. Bleecker

3 Reasons LYFT Has Explosive Upside Potential
StockStory22d agoneutral
3 Reasons LYFT Has Explosive Upside Potential

Over the past six months, Lyft’s shares (currently trading at $14.64) have posted a disappointing 18.2% loss, well below the S&P 500’s 8.6% gain. This may have investors wondering how to approach the situation.

Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
Simply Wall St.23d agobullish
Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law

A U.S. District Judge granted Uber and Lyft an injunction against a New York City law on driver deactivations. The ruling temporarily blocks new rules that would have limited how the platforms can remove drivers from their apps. The decision affects Uber Technologies' flexibility in managing driver relations and safety policies in a key market. For investors following Uber Technologies (NYSE:UBER), this legal ruling relates directly to how the company runs its core ride hailing business in...

Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI
24/7 Wall St.23d agoneutral
Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026. The GAO reviewed enrollment data from 11 states representing ... Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

Uber, Lyft win court block on NYC law requiring notice before firing drivers
Reuters24d agoneutral
Uber, Lyft win court block on NYC law requiring notice before firing drivers

July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps ‌without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory ‌Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits ​a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.

Lyft (LYFT) Expands Curb Partnership To Bring New York City Taxis Into Its App
Simply Wall St.24d agobullish
Lyft (LYFT) Expands Curb Partnership To Bring New York City Taxis Into Its App

Lyft has expanded its partnership with Curb to integrate New York City taxis into the Lyft app. The integration gives Lyft users access to thousands of licensed NYC taxis directly through the app. This rollout follows earlier integrations in Los Angeles and San Francisco. For investors watching Lyft, ticker NasdaqGS:LYFT, the New York City taxi integration arrives as the stock trades around $15.19. The share price sits against a mixed performance backdrop, with the stock down 23.2% year to...

2 Small-Cap Stocks Worth Investigating and 1 We Brush Off
StockStory25d agoneutral
2 Small-Cap Stocks Worth Investigating and 1 We Brush Off

Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.

Lyft (LYFT) Wins an Upgrade From Rothschild Redburn as Its Price Target Triples
Insider Monkey30d agobullish
Lyft (LYFT) Wins an Upgrade From Rothschild Redburn as Its Price Target Triples

Lyft, Inc. (NASDAQ:LYFT) is one of the best low priced technology stocks to invest in. On June 17, Rothschild & Co Redburn upgraded Lyft, Inc. (NASDAQ:LYFT) to Neutral from Sell and raised its price target to $22 from $7. The firm cited Lyft’s growing share buyback commitments. Rothschild Redburn said the case for upgrading was […]

2 Internet Stocks Worth Investigating and 1 We Brush Off
StockStory30d agoneutral
2 Internet Stocks Worth Investigating and 1 We Brush Off

Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. But it’s not all sunshine and rainbows as consumer purchasing power can make or break demand. Unfortunately, the market seems to believe stormy skies are ahead as the industry has shed 4.4% over the past six months. This drop is a stark contrast from the S&P 500’s 8.7% gain.

Labor sounds the alarm on Washington, D.C., driverless car bill
TheStreet32d agoneutral
Labor sounds the alarm on Washington, D.C., driverless car bill

There is a certain kind of job that has always been there when everything else falls through. You need a car, a phone, and a clean record, and by tomorrow you can be earning. No interview. No résumé. Nobody deciding whether you fit. For a decade, that job has been driving for a rideshare app. It ...

2 Stocks Under $50 to Own for Decades and 1 Facing Headwinds
StockStory33d agoneutral
2 Stocks Under $50 to Own for Decades and 1 Facing Headwinds

Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks. But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.

Lyft (LYFT) Stock Looks Cheap On Earnings But Weak On Returns
Simply Wall St.35d agoneutral
Lyft (LYFT) Stock Looks Cheap On Earnings But Weak On Returns

Lyft’s share price is still well below where it was five years ago, yet the stock now screens as undervalued on several checks. This puts recent leadership changes and product moves under a valuation microscope for investors trying to judge whether the current price reflects the company’s progress. Over the past five years, Lyft stock has declined 70.8%, which means even recent gains come against a long period of value erosion for long term holders. The shift to consistent profitability...

Uber and DoorDash Drivers Think They Have No 401(k). The IRS Lets Them Build a $72,000 One but Almost Nobody Does
24/7 Wall St.36d agoneutral
Uber and DoorDash Drivers Think They Have No 401(k). The IRS Lets Them Build a $72,000 One but Almost Nobody Does

If you drive for Uber (NYSE:UBER), deliver for DoorDash (NASDAQ:DASH), or shop for Instacart (NASDAQ:CART), you almost certainly get a 1099-NEC at year-end and no benefits package. That is exactly why the IRS treats you as both the employer and the employee of your own one-person business, and why a Solo 401(k) lets you shovel ... Uber and DoorDash Drivers Think They Have No 401(k). The IRS Lets Them Build a $72,000 One but Almost Nobody Does

Is Lyft (LYFT) Undervalued After Its Turnaround And Waymo Robotaxi Push?
Simply Wall St.36d agoneutral
Is Lyft (LYFT) Undervalued After Its Turnaround And Waymo Robotaxi Push?

Lyft (LYFT) is back in the spotlight after CEO David Risher’s turnaround efforts, fresh global expansion moves, and a new partnership with Waymo, capped by the appointment of Senthil Padmanabhan as Chief Technology Officer. See our latest analysis for Lyft. Lyft’s recent news comes after a mixed share price picture, with a 30 day share price return of 13.48% and a 90 day share price return of 18.97%, even as the year to date share price return is down 20.46% and the latest close sits at...

Lyft CEO on surge pricing, robotaxis, and Bezos
Yahoo Finance Video37d agobullishVIDEO
Lyft CEO on surge pricing, robotaxis, and Bezos

Lyft CEO David Risher unpacks his playbook with Yahoo Finance Executive Editor Brian Sozzi for turning the rideshare giant around, from ending traditional surge pricing and mandating a return-to-office, to building a hybrid future of human drivers and Waymo robotaxis.