“The torrent of activity in the second quarter means that 2019 is shaping up to be a banner year for the IPO market."
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.
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
Drivers for Uber and Lyft will turn off their apps to protest low wages.
The Department of Labor's opinion came in a letter to a virtual marketplace company that operates in the "sharing" economy.
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
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's offering could be a bellwether for how a number of tech unicorns including arch-rival Uber are received by investors this year.
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.
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.
