United States

Vibhuti Sharma

Uber loses $5 billion, misses Wall Street targets despite easing price war

Aug 09 2019

Uber Technologies Inc reported a record $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. | Video

Uber quarterly revenue misses estimates, sees pricing pressure easing

Aug 08 2019

Aug 8 Uber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, but followed ride-hailing rival Lyft Inc in saying that the pricing pressure is easing.

Lyft's scooters steering new customers to ride-hailing, but winter is coming

Aug 08 2019

A quarter of Lyft Inc customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually benefit the core ride-hailing business.

Lyft sees ride-hailing price war easing, sending Uber and Lyft shares up

Aug 07 2019

Lyft Inc on Wednesday said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year and forecast a faster path to profitability.

CORRECTED-UPDATE 1-Lyft raises forecast for 2019 as price war with Uber eases, ridership rises

Aug 07 2019

Aug 7 Lyft Inc posted a robust jump in revenue on Wednesday in its second-quarter results, allowing the ride-hailing company to lift its forecasts as more riders used the service and price competition with rival Uber eased.

Disney earnings miss forecasts as costs rise for its streaming future

Aug 06 2019

Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox. | Video

CBS, Viacom reach working agreement on leadership team: sources

Aug 02 2019

Viacom Inc and CBS Corp have worked out a management structure in which Viacom Chief Executive Officer Robert Bakish would lead the combined company if the two entities reach a deal to merge, sources familiar with the matter said.

GoPro lifts revenue forecast on new product slate, shares rebound

Aug 01 2019

GoPro Inc raised its 2019 revenue forecast on Thursday, as the action camera maker bets on new releases slated for later this year and helping shares reverse course to trade up 5%.

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