Gig economy and autonomous vehicle analysis: Uber, Lyft, DoorDash, Tesla, Waymo, and the race for autonomous mobility.
Stock market analysis, trading, and investment insights.
Uber, Lyft, and DoorDash all reported Q3 earnings November 4-5. Uber missed estimates for the first time in quarters. DoorDash posted its first profit as a public company but stock dropped 17%. Lyft hit $1 billion free cash flow but missed EPS. Three companies, three completely different stories.
Alaska Air Group has announced a significant acquisition of Hawaiian Airlines for $1.9 billion
Uber has made a big step in the financial world by joining the prestigious S&P 500, as announced on December 1, 2023
Shein, the Singapore-based fast fashion giant, is setting its sights high for its U.S
Lyft announced significant changes to its board of directors last Friday
Lyft Inc. has settled a $10 million fine with the SEC for not disclosing a board director's role in a share sale involving billionaires Carl Icahn and George Soros, just before the company's 2019 IPO. The director, identified as Jonathan Christodoro, helped Icahn sell a 2.6% stake in Lyft to Soros at a discounted rate. Christodoro reportedly received fees for the deal and resigned from Lyft's board at the time of the transaction. The case raises questions about Lyft's transparency and disclosure practices.
Tesla has long been the industry leader when it comes to electric vehicles (EVs), constantly setting the bar high for competitors
Major day for Twitter shareholders, Elon Musk agrees to purchase Twitter at the premium price of $54.20
It will be interesting to see how Grab make the economics work for Grab rides and food, considering South East Asia is a highly competitive market