Will the gig economy ever look the same? Lyft's earnings on Wednesday may provide a clue.
When Lyft Inc. LYFT, -1.29% reports results Wednesday afternoon, it will detail a business that’s been virtually ground to a halt since the pandemic forced global lockdowns. There are big questions about how Lyft and rival Uber Technologies Inc. UBER, +2.37% will move forward from here.
For more: It’s time for Uber and Lyft to trade differently, because the coronavirus outbreak is affecting them differently “As economies re-open, interest should tilt toward private over public transit — but is rideshare the answer or are we looking at a wave of car ownership?” Shmulik asked in a research note that opined ride-hailing might be viewed as a financial luxury amid economic uncertainty, and people might be serious about using the outbreak as an excuse to flee major U.S. cities.
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California Sues Uber, Lyft For Not Making Drivers EmployeesI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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