REFILE-UPDATE 1-Wall Street bullish on Lyft, Uber on lower driver costs, recovery signs
06 May REFILE-UPDATE 1-Wall Street bullish on Lyft, Uber on lower driver costs, recovery signs
Posted at 16:27h
in
News
by KMFSLLP
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.
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