High prices spell no demand problem for resurgent Uber and Lyft
Uber and Lyft are emerging from the pandemic as leaner, lower-cost companies with a long-elusive operating profit and the unexpected power to raise prices without alienating riders. Ride-hail fares have surged to unprecedented levels this year due to a driver shortage. Much to the companies’ delight, riders so far appear undeterred, flocking back to the…
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Did Tesla, Hertz and Uber just jumpstart the trillion dollar robotaxi industry?
The rideshare industry continues to make its slow crawl back to pre-pandemic levels with spending down 31.1% relative to 2019 levels for the week ending October 17th, according to data from research and analytics firm M Science. Uber held 71.8% of the total market for the week, while Lyft’s (NASDAQ:LYFT) market share fell to 26.9%.…
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Amazon’s lowered holiday sales forecast suggests an end to the pandemic online shopping boom
Amazon.com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade. The shares declined about 5% in extended trading. The company’s revenue and profit also missed projections for the third quarter and Amazon said its costs to negotiate supply chain issues and…
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Six Flags Entertainment gains as much as 3.6% as M Science notes that trends for the theme-park operator improved in the last few weeks of the quarter as well as the first weekend in October.
Six Flags Entertainment (SIX+3.3%), Cedar Fair (FUN+0.7%) and SeaWorld Entertainment (SEAS+2.5%) jump after M Science says traffic trends improved for Six Flags and SeaWorld near the end of Q3 across core theme parks. That would also coincide with a decrease in COVID restrictions in some regions.Six Flags (NYSE:SIX) is the first of the theme park…
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How the beauty industry is coping in the era of COVID
The COVID pandemic has been an extreme time for the beauty industry. People have whipsawed between feeling nearly invisible to being super-exposed: Masks covered half of our faces for much of the last 18 months — and, after a brief hiatus, the Delta variant means they’re back — while our looks have moved front-and-center during…
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M Science Launches a Retail and Consumer Brands Intelligence Platform
Data-driven research and analytics company M Science announces the launch of its Retail and Consumer Brands Intelligence Platform. This new platform aims to provide business-critical insights to the industry as it navigates post-COVID-19 consumer behavior and as the ecommerce landscape continues to rapidly evolve. Leveraging tested analytic models and a myriad of data inputs, the…
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