UPDATE 1-Wall Street bullish on Lyft, Uber on lower driver costs, recovery signs
Wall Street gave a resounding vote of
confidence to ride-hailing stocks ahead of Uber’s
results on Thursday, after Lyft indicated a recovery in demand
and lower costs as rising unemployment creates more supply of
drivers than jobs in the market.
confidence to ride-hailing stocks ahead of Uber’s
results on Thursday, after Lyft indicated a recovery in demand
and lower costs as rising unemployment creates more supply of
drivers than jobs in the market.
Posted by Reuters
