UBER Dec 2025 85.000 put
- Reuters
Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump
(Reuters) -Lyft is targeting a 15% annual increase in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day event, adding that its nascent advertising business is expected to grow eight-fold during the same period. The forecast signals Lyft could maintain its position in the North American ride-sharing market, where it lags Uber, even as both the companies seek to diversify their revenue streams through offerings such as advertising and user subscriptions. Lyft expects $400 million in gross bookings from its advertising business in 2027, Zach Greenberger, executive vice president of Lyft's Partnership Ecosystem, said in an interview ahead of Thursday's event.
- Bloomberg
EV Taxi Startup Revel to Lay Off Drivers for Uber-Like Gig Model
(Bloomberg) -- Revel Transit Inc., the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber Technologies Inc. and Lyft Inc. Drivers affected by the change will have the option of staying on with the company as independent contractors.Most Read from BloombergBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopA Struggling Business Park De
- Investor's Business Daily
As Uber Stock Stalls, Analyst Sees 'Attractive Entry Point'
An analyst restarted a bullish rating for Uber stock, saying the company has the most upside among large internet stocks.
