Uber and Lift have commented that their drivers will remain contractors when the new law takes effect and this is likely lead to lawsuits. [more]
Offering e-bikes, e-scooters, e-trikes and car ride-share solutions, the combined company would form the 3rd largest micro-mobility footprint in North America [more]
Tesla (NASDAQ: TSLA) reported Q3/2019 global sales of 97,000 electric vehicles, which missed Factset’s estimate target of 99,000, with a 1.8% sales growth quarter-over-quarter compared with a 51% growth in Q2/2019. [more]
Of five big IPOs this year (Fiverr, Lyft, Pinterest, Slack, and Uber), only Lyft and Fiverr had great opening days, but Pinterest is the only company of the five that is currently trading higher than its IPO. [more]
Bill would reclassify some contractors as employees targeting companies such as Uber & Lyft [more]
E-scooter companies Neutron Holdings, Inc, which operates under the name Lime, and Bird Rides, Inc., were each valued at over US$2 billion during their latest financing rounds. [more]
On August 8, 2019, Uber reported Q2/2019 earnings and on August 7, 2019, Lyft reported Q2/2019 earnings. [more]
Major tech companies are expected to release earnings: Alphabet Inc. Amazon.com, Inc. , Apple Inc., and Facebook, Inc. are expected to release earnings at the end of July. [more]
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