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.
Uber Hires Banking Exec Nelson Chai as CFO
Chai, who fills a position vacant since 2015, "has a year to turn Uber into a profitable company" ahead of a planned IPO.
Uber Scraps Money-Losing Leasing Business
Xchange Leasing turned out to be losing an average of $9,000 per car — 18 times what Uber had expected.
Lyft Picks Up $100M Investment From Carl Icahn
Icahn bets on ride-sharing startup, saying it's a "tremendous bargain" compared to Uber.