January 16, 2024
We think a just announced Maplebear, d/b/a Instacart (CART; $23.09; O/P), tie-up with Google Shopping ads plus presentations from Uber Technologies’ (UBER; $63.20; O/P) Megan Ramm, Global Director, Head of Consumer Packaged Goods (CPG) Partnerships,…
January 9, 2024
This morning, the Department of Labor (DoL) issued a final rule, which becomes effective on March 11th, that provides additional guidance towards the agency determining if a worker should be considered an employee or independent…
November 3, 2023
Yesterday, Lyft (LYFT; $9.94; E/W) and Uber Technologies (UBER; $46.48; O/P) each announced an agreement with the New York State Attorney General’s office to set a minimum wage standard for rideshare drivers, while maintaining that…
March 14, 2023
Last night, the California Court of Appeal overturned a lower court’s ruling that found Proposition 22 to be unconstitutional. Prop 22, which defines app-based drivers and couriers as independent contractors with certain work-hour based benefits,…
March 6, 2023
We think recent news flow further highlights how Uber Technologies (UBER; $34.57; O/P), as well as DoorDash (DASH; $57.34; E/W), continue to build out commercial partnerships within increasingly important non-restaurant categories to drive revenues, including…
December 15, 2022
The shares of Lyft (LYFT; $11.89; O/P) and Uber Technologies (UBER; $27.47; O/P) have outperformed over the past week, including yesterday in a down market (+3% and +2%, respectively), which we find interesting into a…
November 16, 2022
Yesterday (11/15), New York City’s Taxi Limousine Commission (TLC) voted to increase the minimum wage standards for Lyft (LYFT; $12.22; O/P) and Uber Technologies’ (UBER; $30.33; O/P) rideshare drivers by the end of this year….