LYFT Nov 2019 50.000 put

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 1:57PM EST. Market open.
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Previous Close7.00
Expire Date2019-11-15
Day's Range6.95 - 7.70
Contract RangeN/A
Open InterestN/A
  • How to minimize risk if the market leans toward recession
    Yahoo Finance Video

    How to minimize risk if the market leans toward recession

    Stocks are falling Thursday as worries over U.S.-China trade tensions put the brakes on record highs. Yahoo Finance’s Adam Shapiro, Julie Hyman and Dan Howley discuss with Albion Financial Group Partner and CIO Jason Ware and Kendall Capital CEO and President Clark Kendall some strategies to use to minimize risk.

  • Reuters

    UPDATE 1-Gett's Juno ends NYC ride-hailing services, citing regulation

    Israeli transportation company Gett said it will end its New York City ride-hailing business Juno on Monday, citing "misguided regulations" enacted to combat city congestion earlier this year. The company told Juno users on Monday its service would cease to operate that evening, directing riders instead to former competitor Lyft Inc, which it has struck a strategic partnership with. Gett and Lyft declined to provide financial details of their partnership.

  • DoorDash Considers Direct Stock Listing Instead of IPO

    DoorDash Considers Direct Stock Listing Instead of IPO

    (Bloomberg) -- DoorDash Inc., the unprofitable food delivery company, is weighing a direct stock listing for its planned entry into the public markets as soon as next year, rather than holding an initial public offering, according to two people familiar with the matter.By listing directly, DoorDash would be able to go public without the scrutiny that comes with an investor roadshow but wouldn’t raise money by issuing new shares. The move is still desirable because it lets existing shareholders—some of whom have been sitting on equity for years—sell their stock.DoorDash has yet to file with U.S. regulators for its listing and remains undecided on the path to take, said the people, who asked not to be identified discussing private information. The direct listing option is appealing to DoorDash executives because they think the company can get money through other means, one of the people said.Just last week, DoorDash got $100 million from investment accounts advised by T. Rowe Price Group Inc. The company has also talked with banks about arranging a credit facility of about $400 million. JPMorgan Chase & Co. is leading the potential financing and is also advising DoorDash on the public stock sale, people with knowledge of the matter have said. Spokeswomen for those companies declined to comment.Direct listings are rare but have become a popular topic of conversation among tech companies in the last year. They’re a byproduct of an abundance in capital available in the private markets, creating less of a need to raise money through an IPO. Spotify Technology SA was the first high-profile company to go through the process last year, and Slack Technologies Inc. followed this year. Airbnb Inc. is also leaning toward a direct listing and would be the largest tech company to take the unconventional approach.Meanwhile, the IPO process has been particularly unforgiving this year to deeply unprofitable companies, like Lyft Inc. and Uber Technologies Inc. WeWork was forced to abandon its IPO and take a bailout from its largest investor, SoftBank Group Corp., when Wall Street rejected the company’s pitch on the roadshow.DoorDash has raised about $2 billion from investors, including SoftBank and Sequoia Capital, most recently at a valuation of $12.7 billion. It uses gig-economy labor and faces similar risks as Lyft and Uber. DoorDash was embroiled in a controversy over drivers’ tips this year, which it addressed partially by increasing pay to workers. However, the issue lingers. The attorney general in Washington, D.C., sued DoorDash on Tuesday, alleging the company pocketed customers’ tips to reduce labor costs.Critics have also said DoorDash fortified a lead in the U.S. by spending cash at an unsustainable pace. Tony Xu, DoorDash’s chief executive officer, told Bloomberg this month that the business is designed to eventually be profitable. “We have a lot of money in the bank,” Xu said. “We are in no rush to spend it all.”Venture capitalists in Silicon Valley organized a summit last month to tout the benefits of direct listings. At the closed-door event, Benchmark’s Bill Gurley, Sequoia Capital’s Michael Moritz and other VCs argued against IPOs. Xu was among the executives in attendance.\--With assistance from Crystal Tse, Michelle Davis and Michael Hytha.To contact the author of this story: Candy Cheng in San Francisco at ccheng86@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at, Mark MilianFor more articles like this, please visit us at©2019 Bloomberg L.P.


    How Does an Initial Public Offering Actually Work?

    And should value investors buy shares in IPOs? Continue reading...


    Juno Ride-Sharing Service Shuts Down, as Parent Company Gett Partners With Lyft

    Monday marked the end of the line for Juno, a New York-based ride-sharing business operated by venture-backed Israeli company Gett. In its press release detailing the Juno shutdown Gett also announced that it will partner with (LYFT) (ticker: LYFT) to provide service to its corporate ride-sharing clients when they travel in the U.S. In August, the New York City Council passed a series of measures intended to improve driver pay while slowing the growth of ride-sharing services in the city.

  • Bloomberg

    Lyft and Peloton Rally, Defying the Mantle of 2019’s Least-Loved Debuts

    (Bloomberg) -- Some of the least-loved stocks to make their debuts this year are rallying on Monday as the S&P 500 Index hovers in record territory.Fitness company Peloton Interactive Inc. gained 11% to a record high, closing above its IPO price of $29 for the first time. At its low last month, the stock was down 27% from its September IPO price, after falling amid concerns over its path to profitability. Lyft Inc. rose 4.2%, to its highest in almost two months, after picking up corporate clients in a deal with rival Juno, which is closing its New York-based operations. While the stock has fallen 38% from its March initial public offering, the share have added 10% since Sept. 30, on track for its first quarterly gain.Slack Technologies Inc., down about 40% from a record set on its first day of trading in June, held onto a gain of 1.1% on Monday. Shares of the workplace-collaboration software company are on a record winning streak after advancing for five consecutive days. Pagerduty Inc., meanwhile, traded above its initial offering price for the first time since October but is still down more than 50% from a June record.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at, Courtney DentchFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Gett shuts down Juno ride-hailing service, hops in with Lyft
    American City Business Journals

    Gett shuts down Juno ride-hailing service, hops in with Lyft

    Juno had been known for paying taxi drivers across NYC to download the app with the idea that it would upend Uber.


    [video]Shares of Lyft Gain on Juno Shutdown in New York

    Shares of Lyft rose Monday after Gett said it was shutting down its Juno ride-share service in New York city effective immediately. Gett, an Israeli based company focused on corporate transportation, bought Juno in 2017 for a reported $200 million.

  • Alan Patricof: WeWork meltdown is the bottom of the IPO market
    Yahoo Finance

    Alan Patricof: WeWork meltdown is the bottom of the IPO market

    Initial public offerings will be "more discriminating" going forward after WeWork, says investing legend Alan Patricof.

  • Benzinga

    Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

    The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...

  • Rise of private investing puts growth ‘in the hands of the elite’: Venture capitalist Ben Horowitz
    Yahoo Finance

    Rise of private investing puts growth ‘in the hands of the elite’: Venture capitalist Ben Horowitz

    The rise of private investment is a “terrible problem” for everyday investors cut out of companies’ strongest returns, says top venture capitalist Ben Horowitz.

  • Should Contrarian Investors Buy Lyft Stock Now Following Post-Results Dip?

    Should Contrarian Investors Buy Lyft Stock Now Following Post-Results Dip?

    Ridesharing company Lyft (NASDAQ:LYFT) closed October with the release of third-quarter results that showed smaller than expected losses. However, for Wall Street the numbers were not impressive enough to give the LYFT stock price a much-needed boost.Source: Roman Tiraspolsky / Many of our readers may remember that made Lyft its public market debut in March at an opening price of $87.24 and reaching $88.60 the first day of trading. Now the stock is hovering around $42, down about 6% from the Oct. 31 earnings release, compared with a 2% gain in the Nasdaq Composite index in the same intervening weeks.As we approach the final month of the year, investors are wondering whether now might be an opportune time to buy into Lyft shares. I do not expect to see much momentum in Lyft stock in the coming weeks. Rather, the shares are likely to trade in a range, possibly between $40-$47.50.InvestorPlace - Stock Market News, Stock Advice & Trading Tips How Lyft Stock's Q3 Earnings CameThe global ridesharing market is expected to grow from about $61 billion in 2018 to $218 billion by 2025, about a 20% annual growth rateIn the U.S. there are two major players in the ride-hailing market: Uber Technologies (NYSE:UBER) and Lyft. Both aim to put put riders in contact with self-employed drivers via their algorithm-driven mobile apps.This year has reminded many investors that investing in IPOs can indeed be risky, especially when the so-called unicorns go public. Lyft is part of the "gig" or "on-demand" economy that uses technology and apps to employ contract workers to offer various services. In 2018, Lyft, which was launched in 2012, was valued at about $15 billion. The company's market cap now stands a few shekels north of $12 billion. * 7 Great High-Yield Stocks With Payouts Over 5% LYFT stock's third quarter revenue grew to $956 million, up 63% YoY. Analysts were expecting $915 million. The per share loss came to $1.57 vs. $1.66. However, analysts noted that the improved metrics were mostly due to decreased marketing costs.Following the quarterly results, Lyft stock was initially choppy as investors scrutinized the numbers that showed no earnings in sight yet. Since then, the stock price has been calmer as the stock has stayed in a tighter range. LYFT Stock Operates in a Competitive MarketWith about 22.3 million monthly active riders, mainly in the U.S. and Canada, Lyft has now become a strong competitor to Uber. The company claims it has about one-third of the U.S. ridesharing market.Yet, there has been considerable negativity surrounding the industry as investors are wondering if the segment can be sustainable in the long run. Both Lyft and Uber are facing calls to increase pay and provide better working conditions for drivers.Several recent studies have concluded that although "digital labor" may be called different names such as gig or "sharing" economy, it is nonetheless human labor that comes with contracts, responsibilities, and rights. Indeed, in September, California passed a landmark law that could soon open the door to classify contractors as employees and to regulate companies like Uber and Lyft.Drivers, who would be classified as employees, could soon be eligible for minimum wage as well as various employment benefits, such as paid time off.Recent dissertation research by Ruotong Wang at Macalester College concludes that "[the] use of algorithmic management might intensify the exploitation in the labor process. On a micro level, the work assignment algorithm, which is widely adopted in the gig economy platforms, appears to be optimized based on a supply-demand relationship but fails to address workers' feeling and pace of work."A legal battle has already started in California courts. The result may see increased costs for companies like Lyft and Uber. LYFT Stock May Face Further Short-Term HeadwindsLyft is not yet a profitable company. In 2018, it lost over $900 million. In Q3 2019, its net loss was $463.5 million versus an a loss of $249.2 million in the same period a year earlier.Management in part put the blame on the stock-based compensation payment as well as taxes related to its March IPO. And these losses are occurring even though the ridesharing company takes a considerable percentage of a driver's income and tips. * 7 Large-Cap Stocks to Give a Wide Berth If Lyft management decides to pay independent drivers more money or if drivers indeed become company employees as a result of legal developments, then Lyft might have to increase passenger fares to cover the difference in costs. Or it might have to decrease the percentage it takes of the ridesharing revenue. And either decision could end up hurting Lyft's financial performance.In simple terms, Lyft stock has to increase revenue … and fast. Management expects LYFT's Q4 projected revenue to be between $975 million and $985, which exceeds Wall Street's expectations for $943 million. If however, there is an economic slowdown in the U.S., the owners of LYFT stock may feel that the company will face tough headwinds in the coming months.Increased legal pressures may also put more pressure on Lyft's earnings. Then Wall Street may not be forgiving of high-growth, cash-burning business models.The shares of younger, rapidly growing companies are far more volatile than market indexes or mature companies. Whenever investors feel the growth of these companies could be slowing, they sell the stock first and ask questions later. As a result, the volatility and even the downtrend on LYFT stock may continue. Short Interest and LYFT StockWhen more than 20% of a stock's float (available shares) is shorted, then even a small rise in its price could actually become a powerful short squeeze and propel the stock much higher.Some 8% of LYFT stock is currently shorted. So although there are plenty of traders who have bet against Lyft stock, the number is not yet enough to set the stage for a massive short-squeeze rally. I'd argue that, in the coming weeks, short-selling of LYFT stock may increase and put further selling pressure on the shares.In the meantime, any negative industry news or specific developments for main rival Uber, then LYFT shares may be affected, too.Finally, the short-term charts indicate that investors should be cautious on LYFT stock. Since the decline started in March, LYFT stock technical charts look weak. The shares will need to build a base before a sustained rally can take place. Therefore, in the next few weeks, Lyft shares are likely to trade between $40-$47.5. Should Investors Buy Lyft Stock?For most long-term investors an IPO generally means that the company in question will likely move toward profitability soon. Yet Lyft stock has been in a free-fall since going public, signaling an over-inflated and even broken IPO. * 7 Stocks to Sell Before They Roll Over Although the Lyft stock price has about halved since going public, it's likely to continue to be volatile as we get ready to end the year.Investors who don't yet have a position in LYFT stock may want to wait for Q4 results expected in January 2020 before buying the shares. The report may also show that the group still has a lot to prove to not only investors but also to regulators, drivers, and consumers. Lyft stock will become attractive as it moves toward the $40 or even $35 level.Current owners of Lyft stock may also consider hedging their positions. For hedging strategies, covered calls that expire on Jan. 17 could be appropriate. Such a hedge would offer some downside protection as well as the opportunity to participate in a potential up move.The two important points to remember are that the trend is an investor's friend and that LYFT is a volatile stock. Long-term investors should be ready to hold Lyft shares for several years.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post Should Contrarian Investors Buy Lyft Stock Now Following Post-Results Dip? appeared first on InvestorPlace.

  • GlobeNewswire

    Lyft Co-Founder and President to Participate in Fireside Chat at the RBC Capital Markets 2019 Technology, Internet, Media and Telecommunications Conference

    SAN FRANCISCO, Nov. 15, 2019 -- Lyft, Inc. (Nasdaq:LYFT) announced today that John Zimmer, Co-Founder and President, will participate in a fireside chat at the RBC Capital.

  • Bloomberg

    Making Rides Safer Is Going to Cost You

    (Bloomberg Opinion) -- Your mother probably told you never to get in a car with a stranger. The multibillion-dollar global ride-hailing industry depends on your ignoring her. If they want to earn that trust, though, companies need to rethink the tradeoff they’ve long made between safety and cost.Around the world, passengers are now hailing more than 10.5 billion rides a year. Not surprisingly, some have ended in tragedy. Uber Technologies Inc. came under fire in India after a 26-year-old woman was raped by one of its drivers in 2014, and local rival Ola has faced a similar backlash. In the U.S., Lyft Inc. has been sued by multiple women who say drivers sexually assaulted them.Last year, within the span of three months, two female passengers were murdered by drivers of China’s ride-sharing company, Didi Chuxing Inc. Didi’s Hitch carpooling service once was marketed almost as a cross between Uber and Tinder: a taxi service that let drivers and passengers rate each other by appearance. Didi halted Hitch in August 2018 after an outpouring of anger from state media, regulators and China’s version of deleteuber.Last week, Didi announced plans to restart Hitch on a trial basis in seven Chinese cities by the end of the month. The decision follows a “comprehensive safety review and product revamp,” as well as the introduction of a new women’s safety program that includes better “risk analysis” and an updated in-app security assistant. Didi plans to spend 2 billion yuan ($285.5 million) on safety measures this year, including more frequent use of facial-recognition technology — to ensure drivers are who they say they are — and a deeper review of abnormal driving patterns, as well as more regular safety tests for drivers.But the key to the Hitch relaunch were new restrictions on the program. The service was to be limited to trips under 50 kilometers (31 miles) and women would only have been able to ride between 5 a.m. and 8 p.m. By contrast, men could keep riding until 11 p.m. After an online backlash, the company revised the service to run only until 8 p.m. for both men and women.While the company’s intentions were good, more obviously needs to be done. A sophisticated analysis of high-risk scenarios won’t help you if you’re stuck in the backseat within an inch of your life. And to assume that a woman will only be raped and murdered between the hours of 8 p.m. and 5 a.m. more than 30 miles from her pickup point is clearly a bit naïve.What the ride-hailing industry in China and elsewhere really needs to do is reexamine who’s allowed to drive in the first place. It’s hard to say whether the measures Didi is now implementing would have screened out Zhong Yuan, the 28-year-old Hitch driver who was executed in August for murdering his 20-year-old passenger. After passing background checks and providing documentation, you can still become a Didi driver in 10 days or less.Instead, companies should be raising the barriers to entry so they’re hiring fewer, better drivers. And if they won’t, governments should step in. In Malaysia, regulators now require aspiring drivers to pass written exams and health checks, and to register for specific permits. Roughly a third of applicants have failed the exam thus far, Transport Minister Anthony Loke said last month, and more than 20% of Grab drivers have reportedly quit to avoid complying with the stricter regulations.Singapore imposed new rules earlier this year to bring ride-hailing companies closer in line with taxi operators. The regulations were proposed less than a week after my Bloomberg News colleague Yoolim Lee wrote about a Grab accident that left her with a broken neck and at risk of stroke. She estimated that, around the time of the incident, nearly half of private-hire drivers in the city didn't have the proper license and shouldn't have been driving. While fewer drivers doesn’t necessarily mean safer drivers, a steeper commitment at least means they have a lot more at stake to protect their livelihoods.The genius of the gig economy is the ability to make money from underutilized, ubiquitous skills. Yet the model may have been taken too far. Just because you can make an omelet doesn’t mean you should run a diner. So why should you drive professionally just because you have a license?Shrinking the supply of drivers will obviously make rides more expensive. But it’s worth judging the prospect of higher prices against the long cycle of the internet economy. The Web has made everything from academic research to air travel cheaper and easier to access. At the same time, quality goods and services can’t be free forever: We’ve seen this in the news business, where websites that once offered unfettered access to their journalism (including have implemented paywalls. If fewer drivers means safer rides, that’s a price most people should be willing to pay. (Corrects fifth and sixth paragraphs to show Didi revised its initial policy. )To contact the author of this story: Rachel Rosenthal at rrosenthal21@bloomberg.netTo contact the editor responsible for this story: Nisid Hajari at nhajari@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Rachel Rosenthal is an editor with Bloomberg Opinion. Previously, she was a markets reporter and editor at the Wall Street Journal in Hong Kong. For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Can Peloton Stock Bike Its Way Out of Neutral?

    Can Peloton Stock Bike Its Way Out of Neutral?

    With a gain of 6.2% on Nov. 13, Peloton (NASDAQ:PTON) managed to do something other big-name tech unicorns like Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) have failed to accomplish. What's that? It made money for some public shareholders.Source: Sundry Photography / The stock went public on Sept. 27 at $29 and closed that day at $25.78. It opened for trading Nov. 14 at $26.20.It's time to take profits.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPeloton has gotten over the hump with a mix of technology and quasi-religious fervor. There are stories of people running marathons and quitting therapy because of a stationary bike. The latest spike is built on speculation a rowing machine and cheaper treadmill will soon join the line.At its current market capitalization of $7.2 billion, Peloton stock is selling for over 7 times its annual revenue. Its latest shareholder letter has lots of pictures. It also sports a $50 million loss. The Peloton StoryThat loss came with a doubling of revenue and subscribers. CEO John Foley insists that profits are around the corner. Bulls compare Peloton to Roku (NASDAQ:ROKU), which became a hot stock after service revenue began exceeding its product sales. * 10 Cheap Stocks to Buy Under $10 Peloton acquired Gossamer Engineering in May to drive its transformation toward services. Gossamer created devices for Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN) before Peloton bought it. Now Peloton is looking to build apps for the Apple (NASDAQ:AAPL) Watch and the Amazon Fire TV.Peloton also hopes to bring out a new treadmill next year, closer in price to the $2,000 bike. The current version sells for $4,000. A rowing machine may also be in the works, opening up the upper-body workout market.The best news may be that Peloton has bought one of its bike manufacturers, Taiwan's Tonic Fitness. This gives PTON more control over its supply chain and should protect it from the U.S.-China trade war. Reality Distortion FieldThere are reasons why a cloud-connected exercise machine makes sense right now.Young consumers are attracted to crowded cities where it's tough to exercise outside. I have been riding for exercise from a suburban-style house most of my life. But the gear is expensive, and the traffic is murder.My recent solutions are walking and the YMCA, which sports two Peloton bikes and daily spin classes with live instructors. The Peloton machines have a waiting list every evening, and a time limit. Users can measure their progress, and virtual instructors encourage them to keep their legs pumping.At 64, I'm not in Peloton's target market. Their ads are filled with young, fit millennials. I'm not spending over $2,000 on a bike and $40 per month in hopes a stationary machine can solve my problems. That's what Peloton costs. The Y costs my wife and I $82 per month, but it has a variety of machines, yoga classes and a pool.Foley says his bikes let celebrities sweat anonymously. He effortlessly drops names like Michelle Obama, Ivanka Trump and Under Armour (NYSE:UA, NYSE:UAA) Founder Kevin Plank. But Peloton can also be a social thing, he says, with groups descending on its New York studios to take selfies with their trainers. The Bottom Line on Peloton StockThe question investors must ask is how big can Peloton get and how sticky could it be?The U.S. market for exercise and gym equipment is estimated at $2 billion for 2019. The global fitness market was worth $87.2 billion.Analysts have been pounding the table for Peloton stock recently, with 17 new "buy" ratings. I'm not going to add one.Peloton may have opened a niche and may have even opened a vein in American culture. But hitting its market cap with sales would mean taking 10% of a highly fragmented, even fickle, exercise market.I don't see it.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post Can Peloton Stock Bike Its Way Out of Neutral? appeared first on InvestorPlace.

  • Venture capitalist Ben Horowitz on critics of big tech: ‘This whole vilify the CEO thing is just stupid’
    Yahoo Finance

    Venture capitalist Ben Horowitz on critics of big tech: ‘This whole vilify the CEO thing is just stupid’

    Venture capitalist Ben Horowitz says CEOs at large tech companies don’t deserve to be villified.

  • SA scooter company launching huge fundraising effort
    American City Business Journals

    SA scooter company launching huge fundraising effort

    The equity funding round follows an oversubscribed C series raise that brought in more than $4 million.

  • Reuters

    UPDATE 1-Chicago mayor rejects Uber's, Lyft's alternative tax proposal

    CHICAGO/NEW YORK, Nov 13 (Reuters) - Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc and Lyft Inc to tax ride-hailing services, accusing Uber of trying to resist any type of regulation by stirring up racial tensions. Mayor Lori Lightfoot last month proposed raising $40 million from a traffic congestion tax on certain ride-hailing trips, a move Uber and Lyft said would largely hurt low-income residents in Chicago's predominantly black neighborhoods. This latest battle comes as more U.S. cities pursue taxes to combat what they describe as increasingly clogged streets due to ride-sharing vehicles.

  • Financial Times

    Moral Money: infighting undermines ESG standardisation push

    FT subscribers can click here to receive Moral Money every Wednesday by email. Moral Money: when the going gets tough does ESG go out of the window? If you want more Moral Money content throughout the week, check our hub page regularly at for breaking news, analysis and curated commentary on this bubbling revolution.

  • Truckers file lawsuit contesting California gig economy law

    Truckers file lawsuit contesting California gig economy law

    The California Trucking Association on Tuesday filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and Lyft.

  • SmileDirectClub stock plunges despite beating analysts' earnings expectations
    Yahoo Finance

    SmileDirectClub stock plunges despite beating analysts' earnings expectations

    SmileDirectClub did all it could in the third quarter to get investors excited post IPO. Yahoo Finance speaks with SmileDirectClub CFO Kyle Wailes.

  • Uber CEO Dara Khosrowshahi's comments on murdered journalist irk Wall Street
    Yahoo Finance

    Uber CEO Dara Khosrowshahi's comments on murdered journalist irk Wall Street

    Khosrowshahi may want to consider keeping his mouth shut right now, says one veteran Wall Street that covers Uber tells Yahoo Finance.

  • Benzinga

    Firm That Backed Lyft, Facebook Bets On Autonomous Trucks

    The venture capital firm that backed Facebook, Inc. (NASDAQ: FB) and Lyft Inc (NASDAQ: LYFT) is making its first investment in an autonomous trucking startup that was born of artificial intelligence research from the Massachusetts Institute of Technology. Founders Fund is leading a $15 million investment in iSee. The fund, whose general partners include Paypal Holdings Inc (NASDAQ: PYPL) co-founder Peter Thiel, has also invested in Flexport and PostMates.

  • American City Business Journals

    Lyft opens first U.S. vehicle repair center in Phoenix to give drivers quick, affordable service

    The Lyft vehicle repair specialists work to fix a vehicle as fast as possible with multiple technicians working in tandem like a racing car pit crew. Lyft also promises no upselling and affordable car repairs for its drivers.

  • Can TSLA's Drive Continue?

    Can TSLA's Drive Continue?

    The latest Tesla earnings release has driven it into one of the strongest and fastest rallies in the stock's history, and it doesn't seem to be slowing. TLSA could be well on its way to surpassing its all-time high.