Lyft to address existential questions, while PayPal and Square earnings will shed light on payments amid pandemic

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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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Government mandates them to lose money by capping fees? At least they are making something. Compare that to gyms, retailers and services.

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