Connect with us

Featured

Lyft Partners With Segway Ninebot To Release “Durable” Scooter

Daniel Chase

Published

on

stock_price_lyft

I imagine myself, on most nights, as an old man many years down the line, reflecting on the fond memories of my early adulthood. When that day comes, I’m sure I’ll speak on the excessive use of memes in modern society, whatever atmospheric phenomena allowed for President Donald Trump to hold the presidency without consequence, and, of course, the rise of the micro mobility industry and its dastardly electric scooters. In the olden days, pedestrians would need to walk with some semblance of vigilance in the event of a cyclist who mistook a sidewalk for a bike lane, but as the micro mobility industry has taken over US cities, leaving pedal-assisted bikes and electric scooters all over, the phrase “foot traffic” has never been truer.

Several months ago, Uber caught on to emerging micro mobility industry, which has seen millions of Americans fawn over electric scooters and pedal-assisted bikes left on city sidewalks across the country. Uber acquired the bike-sharing startup Jump for a price close to $200 million, thus giving its users access to the increasingly popular form of local transportation. Back in January, Jump closed a $10 million Series A round of funding while simultaneously becoming the first stationary bicycle service to receive a permit to launch in San Francisco. Uber released their first Jump scooters in Santa Monica, and since then Uber riders have been able to locate and claim a Jump electric scooter from the same app that they hail rides. Riders simply scan on QR code located on the center of the steering mechanism and start riding the scooters. The company reports that rides cost $1 to start and $0.15 per minute afterward. 

Several months agoLyft, perhaps Uber’s most significant competitor, announced their selection of JPMorgan Chase & Co. as the “lead underwriter of its initial public offering along with Credit Suisse Group and Jefferies Group, the WSJ reported. Since its inception, Lyft has played a massive game of catch-up in a market dominated on all fronts by Uber Technologies. While both companies have emerged as the leading brands in the ride-hailing industry, Lyft has historically ridden in the back seat, with Uber confidently at the wheel, touting a potential $120 billion valuation. In an effort to stay relevant in the eyes of both consumers and investors in the ride-share space, Lyft unleashed its own fleet of electric scooters in major cities across the country back in September. As for their first target location, the Company decided to drop its wheeled friends in Denver, Colorado. Though I cannot confidently say that I’ve seen nearly as many Lyft scooters as I have Jump, Bird, and Lime, the latter two belong to two other major companies in the micro mobility sector.

“Lyft Bikes and Scooters will be our most affordable transportation options and will extend mobility to communities that have historically been underserved. We will work alongside leading local non-profits and community groups across the country. Together we will develop income eligible programs and community outreach to ensure transportation access and affordability to those who need it most.”

John Zimmer & Logan Green, Lyft Co-founders 

In recent news, Lyft is partnering up with Segway NineBot, the company to blame for manufacturing the electric scooters you see on your sidewalks, to roll out the next generation of shared scooters, according to TechCrunch. For those unaware of the abuse some of these scooters undergo, I’d highly recommend checking out the”Bird Graveyard” Instagram account, a profile replete with content featuring everyday citizens destroying electric scooters by lighting them on fire, throwing them off bridges, and any other violent act of scooter-based aggression you can imagine. Segway Ninebot is well aware of this unintentional wear and tear and, with the help of Lyft, the Company plans on releasing a more durable scooter, the Model Max, sometime later this year. Per the reports regarding the new scooter, Model Max is designed “taking into consideration complex shared usage scenarios, consumer overuse of vehicles, operation models and maintenance cost.”

While I can guarantee that no scooter will be flame/bridge retardant, Segway Ninebot says they will share more information towards the end of January. 

Continue Reading
Click to comment

Featured

Stock Price Must Read Articles To Kick Start Monday, March 25, 2019

Joe Samuel

Published

on

stock price newsletter

Tech Delivering The Future

In this day and age, people are busier than they’ve ever been before, whether that be the effects of one’s inability to regulate a work-life balance, or because they truly enjoy living without free time, it doesn’t matter, people still need certain products and goods to survive. Click To See Which Company Is Leading The Charge On This Emerging Industry

The Weekly Recap 3/24/19

 The only chance we have at controlling the future is by taking in the past and using it to guide us in the present. With that being said, let’s venture down the road of yet another weekly recap. Click Here.

Virtual Care Will Improve Patient Access

What’s astounding about virtual health tech is that it allows providers to broadly expand their ability to treat more patients, allowing for a more connected, coordinated care framework. See For Yourself, Click Here.

Click here for full disclaimer.

Continue Reading

Featured

Trump 2020 Reelection Odds

Daniel Chase

Published

on

stock_price_trump

We like to think that we have all the answers, but, in actuality, nothing is certain except for death, taxes, and having some foul-smelling flatulence after consuming dairy. The notion of predicting the outcome of an event is as likely as someone traveling to Las Vegas and cleaning out every casino for all they’ve got; it’s simply improbable. Be that as it may, when it comes to conjecturing the outcome of presidential elections, this is something that we enjoy getting involved in. 

For any person, place, or thing that proudly identifies as an affiliate of the Democratic Party, the 2020 presidential election brings up the potential fear that President Donald Trump will be reelected, securing another four years of executive orders, harsh immigration reform, and too many tweets for any one man to handle. In 2008, when America endured the worst economic downturn since the Great Depression, everyone looked for someone to blame and, for better or for worse, people chose President Barack Obama. Historically speaking, voters hold the president accountable for the state of our union and, based on the performance of the country around election season, an incumbent may secure their spot for reelection. 

First of all, to predict that any candidate, Democrat or Republican, will win the election is like trying to call the winner of a marathon before the race has even begun. I’m well aware that excitement is brewing in advance of the Iowa Caucus, but we are at least one year away, maybe more from any major presidential event. Everyone needs to take a huge breath, perhaps a chill pill, and calm down. 

Now that we’ve all collected ourselves, let’s continue. Over the course of Trump’s first two years in office, his approval ratings have been abysmally low. At his very best, per Vox’s statistics, Trump was seven points more unpopular than popular. 

“Trump’s poll numbers are probably 20 points below where a president would typically be with consumer sentiment as high as it is now. So here, then, is what we can say: Judged on the economy, which is the traditional driver of presidential approval, Donald Trump’s poll numbers should be much, much higher than they are now. Far from finding a winning strategy, he seems to have found a losing one despite holding a winning hand…”

Ezra Klein, Vox 

To summarize Mr. Klein’s beautifully written words, if we solely based his chances for reelection based on the current state of the U.S. economy, then Clotho, Lachesis, and Atropos might tell us that we’d have four more years of Trump. With that said, President Trump has done a solid job of  making sure that few people like him. Once glance at both his personal/presidential twitter accounts will show you that President Trump isn’t afraid of speaking his mind, even it his words insult millions of people; immigrants are his favorite group to target. 

President Donald Trump’s reelection is uncertain, this much is true. Considering that Americans will know, relatively soon, whether the Trump Administration colluded with Russia to help then-candidate Donald Trump secure the election. I’m not a betting man, but if Special Counsel Robert Mueller proves, in his report, that Donald Trump did something wrong, it’s unlikely that he’ll win reelection.

When he ran in 2016, Trump had never held a position of political power. He was an entrepreneur, if you feel comfortable using that title, and had his own reality television program. No one could’ve guessed, back then, that he would announce plans to run for president, let alone beat out highly-qualified candidates in the end. It is for this reason, among many, that I will not rule out the chances of Trump’s reelection in 2020, purely because this man has defied logic before and could possibly do it again. 

Continue Reading

Featured

Tech Delivering The Future

Daniel Chase

Published

on

stock_price_food

Somewhere along the line of human existence, a person decided that we deserved to have everything we wanted, at any time, from anywhere, and all we needed was technology to allow for this to take place. Suffice to say that engineers and brilliant minds took this concept and ran with it because, amid the ever-growing tech industry, we have an entirely new category of innovation which supports our on-demand economy; delivery apps. In this day and age, people are busier than they’ve ever been before, whether that be the effects of one’s inability to regulate a work-life balance, or because they truly enjoy living without free time, it doesn’t matter, people still need certain products and goods to survive. 

Special Delivery! On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

Enter the era of the delivery app, a newfound system in which consumers can  shop for groceries, clothing, cannabis, and more all from the comfort of their smartphone or internet-enabled device. People no longer need to spend precious time traveling to the store, trying to find what they’re looking for, waiting in line to pay, and leaving with a feeling of frustration at the time that was wasted. Delivery tech companies were created for the sole purpose of making life easier for consumers, but in pursuit of these goals, the delivery tech industry completed altered how people live their lives. According to recent reports, by 2023, the global food delivery mobile app market will reach a value of $16.61 billion. 

ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) is one of few delivery app companies that has managed to figure out the secret sauce for improving the quality of life for consumers through sound logistics and ease of access. The Company created an on-demand platform where consumers can purchase nearly any product they can imagine, pay for their order, and, within the hour, a ParcelPal courier will deliver their order. The Company has made a name for itself in the delivery app market because of their platform’s ease of use and the alleviation of stress for consumers who simply don’t have the time to travel to the store, wait in line, and head home.

Earlier this week, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) made headlines when they announced that their platform has crossed a major milestone of completing over two million deliveries. Not only does this update show that the Company is clearly doing several things right, but more so, it’s an indication that ParcelPal is well on their way to becoming a top on-demand delivery company in Canada and soon the United States. 

ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) shared earlier this month that they are in the final stages launching their medicinal and recreational cannabis delivery initiative in partnership with Choom and Kiaro. This delivery initiative is expected to commence in April 2019 and anticipated to open new markets and drive additional users to the platform.

“We are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships.”

Kelly Abbott, Chief Executive Officer, ParcelPal 

Midam Ventures has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG).  Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Please click here for full disclaimer.

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!


We keep all user information pricate & promise to never spam.*

Privacy Policy

Search Stock Price (StockPrice.com)




Trending

Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact privacy@stockprice.com