Lyft Stock Rises 5% in Pre-Market as Firm Releases Q3 Earnings
Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.
Chinese Ride-Hailing Giant Didi May Go for IPO in Hong Kong in 2021
However, Didi has not officially confirmed the IPO plans and a planned schedule has not been drafted.
Lyft Reports 61% Decline in Q2 Revenues, Lyft Stock Slightly Down in Pre-Market
By Daria Rud
Following the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0.42% down, at $30.52 per share. In the pre-market trade today, it slightly declined.
Uber Stock Down 2.65% After Hours as Its Q2 Revenue Plunges 29% but Delivery Segment Rises
Uber reported Q2 results including revenue that managed to beat analysts’ expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year. Uber stock is down after hours.
AMZN Stock Rises 0.7% as Amazon Reportedly Acquires Self-Driving Car Startup Zoox
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
Uber Stock Jumped 11% Yesterday, Rises 6% in Pre-market Despite Q1 2020 Losses of $2.9B
Uber reported one of its worst quarterly performances during Q1 2020 registering a net loss of $2.9 billion. With its business going on a tailspin due to the global lockdown, the company plans to trim 17% of its workforce this year. Uber stock price is going up.
Lyft Stock Rises 16% as Company Reported Higher than Expected Q1 Revenue and Rider Number
Lyft stock price started to rise yesterday after hours when the company revealed its Q1 report. The numbers are still not very impressive but Lyft is doing better than expected.
Lyft and Uber Stocks Down 9% and 4%, Companies to Release Earnings Reports This Week
Lyft and Uber are expected to release their earnings reports this week. Which one of them will weather the COVID-19 storm? At the time of writing, their stocks are in red.
Alphabet (GOOG) Down 1.39% Now but It Is a Good Choice for Investors
Despite its size, Alphabet is getting slapped around a bit this quarter along with the rest of the digital advertising space. However, GOOG stock may still be a good choice.
Airbnb Hosts Complain 25% Reimbursement Policy Payments Can’t Cover Their Losses
Airbnb hosts are complaining that those payments that they can get in the framework of the company’s coronavirus relief program are just a drop in the ocean.