RIDE SHARE / GIG ECONOMY STOCKS

UBER Company Overview

Uber Technologies, Inc. provides a platform that allows users to access transportation and food ordering services. The Company operates through two segments: Core Platform and Other Bets. The Core Platform segment consists of Ridesharing and Uber Eats. The Other bets segment consists of Uber Freight and New Mobility platforms. Ridesharing refers to products that connects consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses and taxis. Its Uber Eats platform allows consumers to search for and discover local restaurants and order meals through online. Its Freight platform creates a transparent and on-demand marketplace that connects shippers and carriers. New Mobility product that provide consumers with access to rides through a variety of modes, including dockless e-bikes and e-scooters.  

Company Contact

Headquarters

1455 Market St Fl 4
San Francisco, CA 94103-1355

Invested 5/10/2019

@45.00

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************31st all tine percent gainer across all portfolios

UP +88.80%.

* Up 92.20% in 2nd portfolio.

LYFT Company Overview  

LYFT Inc. is an on-demand transportation-as-a-service (TaaS) provider. The Company provides peer-to-peer transportation and on-demand ridesharing platform, which offers ride-hailing services. Lyft matches drivers with passengers who request rides through its smartphone application, and passengers pay automatically through the application. The Company offers ridesharing marketplace, which connects drivers with riders to provide car sharing and transportation services. The Company also has a network of shared bikes and scooters in various cities to address the needs of riders who are looking for short trips. Its nearby transit offering integrates third-party public transit data into the Lyft app to offer riders a robust view of transportation options. It offers various enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home and shuttle replacement rides.   

Company Contact

Headquarters

185 Berry St Ste 5000
San Francisco, CA 94107-2503

Invested 3/29/2019

@86.7789

*Lyft beats by $0.20, beats on revs, active riders down 36.4% yr/yr

4:12 PM ET 5/4/21 | Briefing.com

 Reports Q1 (Mar) loss of $0.35 per share (based on adjusted net loss of $114.1 mln and 326.2 mln weighted shares outstanding), $0.20 better than the S&P Capital IQ Consensus of ($0.55); revenues fell 36.3% year/year to $609 mln vs the $554.7 mln S&P Capital IQ Consensus.  Active Riders down 36.4% yr/yr to 13.49 mln. Revenue per Active Rider of $45.13, up 0.2%.Adjusted EBITDA loss for Q1 2021 was $73.0 million, an improvement of $12.2 million compared to the first quarter of 2020 and an improvement of $77.0 million compared to the fourth quarter of 2020.Contribution Margin for Q1 2021 was 55.4 percent, which was down by 1.9 percentage points year-over-year but down by just 10 basis points quarter-over-quarter. "We had an exceptionally strong Q1 as more people started moving again. Our results meaningfully exceeded our outlook driven by elevated demand across our network," said Brian Roberts, chief financial officer of Lyft. 

*DJ Lyft Agrees to Sell Autonomous-Driving Unit to Toyota for $550 Million -- Update

5:08 PM ET 4/26/21 | Dow Jones