California Judge Says Lyft and Uber Drivers Are Employees
The injunction has 10 days to take effect, giving the ridesharing companies time to appeal the decision.
Gig Worker Protection Bill Passes California Senate
The bill would require gig economy workers to be reclassified as employees instead of independent contractors.
Lower-Than-Expected Loss Cheers Lyft Investors
“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
Uber Lays Off 400 People; Lyft Eliminates Chief Operating Officer Role
Both ride-sharing companies experienced staff shake-ups on Monday after disappointing market debuts.
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.
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.
Pinterest Prices IPO to Raise More Than $1.2B
The conservative pricing raises "questions about investor demand for prominent but unprofitable technology companies."
Are Unicorns Ready for Their Close-up?
Going public doesn't necessarily prepare a company for being public, investor relations expert says.
Lyft Sets Price Range for IPO
The clock is running on one of the most hotly anticipated offerings of 2019.