Key Takeaways:
DiDi Global’s first-quarter revenue grew 14.9% to 49.1 billion yuan, marking a fifth straight quarter of double-digit growth
The ride hailing app has moved past earlier regulatory headwinds, but has lost market share to competition and smaller rivals using aggregating platforms
By Hugh Chen
The court ruled that Uber did not demonstrate that the 2020 state law, AB5, unfairly targeted app-based transportation companies while exempting other industries.
"Let's be real," Hochul said. A $15 charge "may not mean a lot to someone who has the means," but it can "break the budget" of a middle-class household.
Uber Technologies Inc (NYSE:UBER) shares are racing higher Thursday. The stock may be moving in sympathy with shares of Lyft Inc (NASDAQ:LYFT), which surged after the company provided financial targets ahead of its Investor Day.