Uber to Cut 435 Jobs as Streamlining Continues
"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
Uber Posts Record Loss, Sales Growth Slows
“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst 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.
Uber’s IPO: Better Than You Thought
While media reports proclaimed the ride-sharing service's initial public offering to be a failure, it really wasn't.
IPO Market Has Busiest Quarter in Four Years
“The torrent of activity in the second quarter means that 2019 is shaping up to be a banner year for the IPO market."
Sizing Up Uber’s Fate in Transfer Pricing Audits
Tax authorities in the United States and several other countries are investigating Uber, even though it's a loss company and therefore owes no income taxes.
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.