Broker recommendations for Lyft
The Lyft, Inc. stock is rated at 1.4625 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Sunday 6 September, 2020 by a total of 40 brokers. This means that the consensus of the 40 different brokers is leaning toward to overweight (moderate buy).
2 (5%) Underweight
0 (0%) Hold
14 (35%) Overweight
1 (2.5%) Buy
Read the pitch deck Alexis Ohanian-backed elder care startup Papa used to raise $18 million for an app that provides ‘grandkids on demand’
Friday, 25 September 2020, 14:14:00
Summary List Placement When Andrew Parker saw his grandfather, who he called Papa, needed help with daily activities , he wrote a post on Facebook asking if any college or nursing students would be interested in helping out. After seeing the positive effect on his Papa, Parker tested the idea on family and friends to see if the personal solution could scale to help others. His idea blossomed into a business — named after his grandfather’s nickname — that pairs older adults with caregivers who can provide companionship and assistance with tasks such as errands, transportation, and technology lessons. Think of it as grandkids on demand. “Papa was an entrepreneur, so I’ve always been inspired to think of the world that way,” Parker said. The Miami-based business announced on September 22 that it raised $18 million in a Series B led by Comcast Ventures, bringing its total to $31 million. Papa’s Series A round of $10 million was led by Reddit co-founder Alexis Ohanian . Papa is one of many startups aiming to find new elder care solutions for Baby Boomers, who are the second-largest living adult generation, according to the population estimates by the Census Bureau .
— Business Insider
California eyes sweeping change in auto
Thursday, 24 September 2020, 06:52:15
By Brad Plumer and Jill CowanCalifornia plans to ban the sale of new petrol-powered cars statewide by 2035, Gov. Gavin Newsom said Wednesday, in a sweeping move aimed at accelerating the state’s efforts to combat global warming amid a deadly and record-breaking wildfire season.In an executive order, Newsom directed California’s regulators to develop a plan that would require automakers to sell steadily more zero-emissions passenger vehicles in the state, such as battery-powered or hydrogen-powered cars and pickup trucks, until they made up 100% of new auto sales just 15 years from today.The plan would also set a goal for all heavy-duty trucks on the road in California to be zero emissions by 2045 where possible. And the order directs the state’s transportation agencies to look for near-term actions to reduce Californian’s reliance on driving by, for example, expanding access to mass transit and biking.“This is the next big global industry,” Newsom said at a news conference Wednesday, referring to clean-energy technologies such as electric vehicles. “And California wants to dominate it.”California has long cast itself as a global leader on climate-change policy, having already passed a law to get 100% of its electricity from wind, solar and other sources that don’t produce carbon dioxide by 2045.
— Economic Times India
Is it sustainable to classify ride-hailing drivers as employees?
Wednesday, 23 September 2020, 16:00:54
Will Coleman, CEO of ride-hailing business Alto, discusses whether competitors Uber and Lyft could reclassify their drivers as employees.
Uber and Lyft Could Gain From U.S. Rule Defining Employment
Tuesday, 22 September 2020, 20:15:12
The Labor Department proposal would most likely treat drivers and other gig workers as contractors, not employees.
— New York Times
BI’s upcoming Ignition: Transportation virtual event features speakers from Waymo, UPS, GM, and more, talking about the future of mobility
Tuesday, 22 September 2020, 19:17:14
Summary List Placement Business Insider’s virtual event Ignition: Transportation will convene business leaders, policymakers, technologists and innovators to discuss the future of mobility. The COVID-19 pandemic has thrust transportation into uncharted territory. With the world facing the prospect of recession, flights that are empty or grounded, ride-sharing stalled – the very essence of mobility has been compromised. As companies and institutions adapt to remote working and learning, it’s possible that this will flourish and become the new normal, cutting commutes and reliance on transit. The event will look at the fallout of COVID-19, address how to leverage data for key insights, and examine the exciting emerging technologies and innovations that will shape the future. This unprecedented time comes with its challenges, but also the opportunity to more quickly shift gears, to innovate and re-imagine the future of transportation. Topics will include: Surging demand for contactless interactions – how does that accelerate the need for and development of autonomous vehicles?
— Business Insider