Uber, Lyft nosedive as more people stay at home amid virus fears [Business News Network (BNN) Energy & Resources (Canada)]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Business News Network
Uber, Lyft nosedive as more people stay at home amid virus fears Shares of Uber Technologies Inc. and Lyft Inc. tumbled on Wednesday as investors worried the coronavirus outbreak might be entering a phase where fewer people choose to step out of their homes, hurting the demand for ride-hailing services. Uber shares fell 9.4 per cent, while Lyft plunged 12 per cent in its biggest ever drop. “We could be entering a much more troublesome phase for Uber and Lyft where people choose not to go out at all,” Atlantic Equities analyst James Cordwell said in an interview, adding that up until now we were in the sweet spot for ride hailing where people were still going out, though somewhat reticent to take public transit. The virus-related turmoil has continued to deepen over the past few weeks, sending stock markets around the globe plummeting. The crisis deteriorated further after the World Health Organization said Wednesday the virus spread was now a pandemic, while the U.S. government remain
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- UBER's page on the SEC website