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0.00085190969757209 0.00085190969757209 0.00184580434473939 0.00134885702115574 0.000780917222774281 0.00376260116427659 0.00312366889109753 0.0029106914667045
Stock impact report

Uber, Lyft competitors bullish over future in Twin Cities [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Monday would have been the day a Minneapolis minimum wage structure would have gone into play — one that had Uber and Lyft ready to pull out of the city and possibly the state. Gov. Tim Walz signed into law a compromise measure passed by the state Legislature a little over a month ago that satisfied the two largest rideshare companies. But the state law doesn't take effect until December, and that gives some breathing space to several competitors trying to ramp up services in Minnesota and they plan to stay the course. "I never really believed that Uber and Lyft leaving was going to happen," said Elam Baer, who launched MyWeels with several partners. "I always had it in the back of my mind that I'd have to build a really solid business plan rather than just believing I'll be lucky" by having the biggest competitors leave. Uber and Lyft's fresh decision to stay in the Twin Cities after all may have slowed down the "maniacal pace" Baer had been working to launch MyWeels, but the Show less Read more
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