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The culprit is surge pricing, one of ridehail’s most important and controversial innovations. Customers grumble about higher fares, but Uber and Lyft executives have insisted that surge pricing ...
While tech giants reel from tariff fears and heightened market volatility, Uber Technologies (UBER) has remained resilient, ...
including shorter wait times and better price stability (as in, no-surge pricing). These moves are helping Lyft to sustain a loyal rider base that may not be as large as Uber's global customer ...
Despite short-term risks, Uber's long-term outlook remains bullish; hold Uber and wait for better entry points.
Per Uber's website, a customer can cancel with no penalty or charge up to an hour ... be incentivized to service the busier area. The price surge model is clearly good for drivers, and Uber's ...
Uber’s 150% rally over the last two years has helped it outperform Tech during the past five years. Despite its surge and outperformance ... below its average Zacks price target.