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Gig economy stocks pop after companies show strong demand for their services

CNBC LogoCNBC1w ago

Gig economy stocks pop after companies show strong demand for their services

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Shares of gig economy companies popped this week as Uber, Lyft, DoorDash and Airbnb posted quarterly reports that showed strong demand.

It also may be an indication that grocery delivery platform Instacart can form a stronger pitch for an IPO.

Lyft, which still had a net loss, posted its highest ever adjusted earnings figure.


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Category: Technology

Topics: Cnbc Articles Airbnb Inc Stocks Dara Khosrowshahi Uber Technologies Inc DoorDash Inc Technology Earnings Source:tagname:CNBC US Source Stock markets Markets Lyft Inc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 22:20:48

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 2 minutes read

Article Length: 280 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 115990

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