Analysts Expect Uber IPO to Outperform Price Range
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
Uber Drivers Plan Strike Ahead of IPO
Drivers for Uber and Lyft will turn off their apps to protest low wages.
Gig Workers Are Not Employees: DOL
The Department of Labor's opinion came in a letter to a virtual marketplace company that operates in the "sharing" economy.
Uber Revs Up for Long-Awaited, $10 Billion IPO
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
Uber Makes Middle East Move With Careem Buy
The $3.1 billion deal "is an important moment for Uber as we continue to expand the strength of our platform around the world," its CEO says.
Lyft Gets Head Start on Uber With IPO Filing
Lyft's offering could be a bellwether for how a number of tech unicorns including arch-rival Uber are received by investors this year.
Most Consumers Are Leery of the Sharing Economy
The biggest issue for users and potential users of sharing services is personal safety, a survey shows.
Investors and the public will no longer tolerate personal misconduct by executives. Now, boards have to do the same.
Uber’s Spending on New Businesses Hits Profit
The company's Q3 net loss widened to $1.07 billion as it continued to expand its Uber Eats food delivery service and new transportation offerings.
CFOs on the Move: Week Ending Aug. 24
United Airlines, Hertz, Uber, Lowe's, Coty, 99 Cents Only Stores, Superior Group, IAP Worldwide, Dorman Products, Parexel