|Day's Range||3.6000 - 3.6000|
Ride-share giant Lyft is defending its commitment to safety after 19 women allege they were sexually harassed, abused or raped by Lyft drivers. A lawsuit filed Wednesday says the company’s “response to this sexual predator crisis amongst Lyft drivers has been appallingly inadequate." Jamie Yuccas reports.
In a newly released interview, Nasdaq Chief Executive Adena Friedman says profits have become a top concern for investors and that priority may have taken some major tech companies by surprise.
A new lawsuit alleges the company tried to "conceal" knowledge of a pattern of sexual abuse committed by its drivers.
Li Hongyuan was at the company for 13 years before being accused of extortion and then being incarcerated by police. The court said there was insufficient evidence against him and awarded him Rmb108,000 ($15,000) in compensation. Huawei has defended its right to report suspected illegal activity to the authorities.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
FT subscribers can click here to receive FirstFT every day by email. Nearly two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, ...
Nineteen women claimed in a lawsuit on Wednesday to have been raped or sexually assaulted while using Lyft, the ride-hailing app which the women say has not done enough to screen drivers or protect vulnerable passengers. A lawsuit on behalf of the women was filed in a California court by Estey & Bomberger, a law firm that has already once sued Lyft and previously sued Uber on similar allegations. The latest suit claims that Lyft has lax safety standards and fails to monitor drivers.
Washington is set to take on the problem of “call spoofing,” but what will it mean for businesses that use the technique for legitimate reasons?
SAN FRANCISCO, Dec. 02, 2019 -- Lyft, Inc. (Nasdaq:LYFT) announced today that Logan Green, Co-Founder and Chief Executive Officer, will keynote at the Credit Suisse 23rd Annual.
The ride-sharing company is priced as if it will have immense pricing power; the reality is that the industry is headed toward commodity pricing Continue reading...
Most people are comfortable with skimping on tipping their Uber driver. That’s the conclusion of a working paper released this week, co-authored by University of Chicago economist John List and published by the Becker Friedman Institute for Economics at the University of Chicago.
Some investments you intuitively understand because of their long, proven history. But others, typically those from the broader technology industry, may require you to get your hands dirty before you can truly appreciate them. I put Roku (NASDAQ:ROKU) firmly in this category.Source: AhmadDanialZulhilmi / Shutterstock.com Streaming may be difficult to understand for some Americans, especially those who have known only corded television. Moreover, the streaming industry throws out terminologies such as VSP, CDN, VOD, and OTT that may intimidate traditional TV viewers. Unfortunately, that's part of the growing pains associated with the ROKU stock price.For a long time, I only viewed Roku stock through purely "academic" terms. However, one day, I decided I had enough with paying for the ridiculous monthly charges for TV subscriptions. So I cut the cord and decided to go all in on ROKU.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFolks, I ain't ever going back. * 7 Top Stocks to Buy for 2020 From every angle - convenience, finances, content - streaming TV is overwhelmingly superior to its corded predecessor. Personally, I consider Roku stock as an inverse spiritual investment to Uber (NYSE:UBER) or Lyft (NASDAQ:LYFT).One of the biggest reasons why ride sharing took off is that it allows people to profit from dormant assets. For instance, why drive just yourself to work when you can Lyft others and pocket some money?Well, streaming TV applies that same concept in reverse. Why pay for content that you're not going to watch and enjoy? Anecdotally, I'd estimate that at least 60% of the channels that came included in my TV subscription package benefited from my wallet but without my eyeballs.Thus, I'm not terribly worried about the sometimes-volatile Roku stock price. In the long run, streaming is the future of TV. The "Whys" of Traditional TV Bolster ROKU StockAny lengthy discussion about streaming TV or content providers will invariably invoke cord-cutting statistics. Indeed, this trend has left many media giants scrambling for answers. Typically, the strategy is to join forces with the movement.Of course, cord cutting doesn't bode well for companies heavily levered to pay TV subscription models. Still, a great many Americans continue to find reasons to stay the course with tradition. However, the real risk to pay TV isn't just cord-cutting; it's that the reasons to stay tethered are declining in relevance.Earlier this year, MRI-Simmons conducted a study researching in part the motivations of people considering traditional TV subscriptions. The most popular reason averaged among all demographics - segmented by 18-plus, 18 to 34, 35 to 49, and 50-plus -- is the ability to channel surf. The second most-popular reason was that they were offered good deals by TV providers.Interestingly, only three reasons (out of nine in the study) mentioned factors that are uniquely advantageous for pay TV: the ability to watch live news and live programming, and access to specific TV networks.Regarding live news, this factor will unlikely threaten the Roku stock price. According to the Pew Research Center, younger Americans overwhelmingly prefer social media as their primary news source.As far as live programming, this attribute is overrated, at least among the younger, more relevant generation. Based on a Morning Consult/Hollywood Reporter poll, 60% of adult viewers stated that they binge-watched their favorite shows. That's not possible with live programming.Finally, network access is the last holdout for some traditional TV channels. However, with another Pew report noting that 61% in the ages 18 to 29 bracket prefer streaming services, any holdouts won't last long.Most importantly, all these trends are moving positively for ROKU stock. Not Entirely Without RiskAlthough TV consumption trends favor ROKU, they also benefit its competitors. Namely, the biggest risk factor, especially for this holiday season is Amazon (NASDAQ:AMZN) and its Amazon Fire TV Cube.Unlike your typical over-the-top device, the Fire TV Cube is a comprehensive entertainment system. Featuring all the goodies associated with high-quality streaming, Cube's signature attribute is its intuitive voice recognition system. Rather than deal with clunky remote controls, you can talk your way to your favorite content.Despite Cube's tech wizardry, though, it does have one critical drawback: price. In contrast, ROKU's platform offers myriad choices, with the cheapest coming in at $30. Thus, anyone that doesn't require the absolute best in streaming equipment have ready-made solutions with ROKU.Ultimately, I'm looking at the company as a buy-on-the-dips opportunity. While shares may be a little bit overheated right now, anything around the 50-day moving average (approximately $130) represents a confident entry point.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Sickly Healthcare Stocks to Avoid * 5 Lottery Stocks With Huge Upside -- And a Real Chance of $0 * 7 Top Stocks to Buy for 2020 The post ROKU Renders Traditional TV Models Pointless appeared first on InvestorPlace.
The 2019 shared scooter season drew to an early close in Minneapolis this week, but not before users logged more than 1 million rides.
How much ride-hailing companies Uber and Lyft charge customers throughout a day is one of the most closely held secrets in Silicon Valley. The price increases for shared rides predominantly affect Chicago's low-income neighborhoods, which is where most of the carpool rides are booked, the analysis showed. The Chicago data does not differentiate between rides operated by Uber Technologies Inc, Lyft Inc, or smaller ride-share rival Via.
A startup called Firefly puts sensor-equipped advertising screens on top of Uber and Lyft vehicles. Now they do more than marketing: They collect data.
In just two years, Uber Technologies Inc (NYSE: UBER) lost its license to operate in London due to a pattern of failures in both safety and security. London is one of Uber's most vital markets, sadly for its black cab drivers who even blocked streets as part of their protest, arguing their existence is harmed by an inferior service. Uber's rapid growth in London is often quoted as a successful expansion story.
A Reuters analysis of the data shows fares for shared rides in the city have risen significantly over the past year, while fares for single riders have remained stable. The price increases for shared rides predominantly affect Chicago's low-income neighbourhoods, which is where most of the carpool rides are booked, the analysis showed. The Chicago data does not differentiate between rides operated by Uber Technologies Inc , Lyft Inc , or smaller ride-share rival Via.