Posts filtered by tags: Lyft[x]


Lyft's first Wall Street analyst to launch coverage of the stock gave it a buy rating. Here's why he says the company could be worth $25 billion (LYFT)

Lyft is racing towards an initial public offering (IPO) that could launch as soon as next week.  Ahead of the IPO, the company nabbed its first buy rating from a Wall Street analyst.  Tom White of D.A. Davidson gave the company a $75 price target, which translates to a valuation of more than $25 billion  — its highest target yet.  More than a on the Nasdaq stock exchange, Lyft has already nabbed its first buy rating from a Wall Street analyst. Tom White, an internet analyst at Montana-based...
Tags: Google, Amazon, Transportation, Lyft, Montana, Ipo, New York City, US, Trends, Alibaba, White, Davidson, Tom White, Santosh Rao, Manhattan Venture Partners, Nasdaq stock exchange Lyft

Lyft: Uber rival reveals it hopes to raise $20bn in Wall Street debut

San Francisco firm reveals figures for first time as it competes with Uber to be first with IPOLyft has officially kicked off the roadshow for its initial public offering, saying Monday it plans to put more than 30m shares up for sale with an anticipated price of between $62 and $68 each.That would raise more than $2bn for the San Francisco ride-hailing company, pegging its market value at $20bn to $25bn, even though it hasn’t been able to turn a profit yet. Continue reading...
Tags: Lyft, Uber, Technology, California, San Francisco, US news

Lyft’s driver wage lawsuit in NYC continues

As Lyft gears up to list its stock on the NASDAQ, the transportation company is facing ongoing litigation regarding driver wages in New York City. Today, a judge denied Lyft’s motion for an injunction blocking the recent ruling that sets a minimum wage for drivers. Still, the judge said she’ll think it over and file a written ruling in the next 30 days. This comes shortly after a number of drivers protested Lyft’s lawsuit against the city of New York earlier this morning. “We are pleased the ...
Tags: Transportation, Lyft, New York, New York City, Tech, New York City Council, NYC Council, Independent Drivers Guild, Campbell Matthews, Tina Raveneau, NYC Taxi and Limousine Commission, Uber Lyft Via

Daily Crunch: Apple updates the iPad Mini

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Apple launches new iPad Air and iPad mini The company is (finally) updating the iPad mini and adding a new iPad Air. This model sits between the entry-level 9.7-inch iPad and the 11-inch iPad Pro in the lineup. All new models now support the first-generation Apple Pencil — but not the new Apple Pencil ...
Tags: Apple, Ipad, TC, Facebook, Lyft, Ipo, Tech, New Zealand, Apple Pencil, Angelica Ross, Daily Crunch, Mia Garlick

Lyft opens up its IPO road show, offers 30 million shares

NEW YORK (AP) — Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company, which could be valued between $20 billion […]
Tags: Lyft, Business, New York, Technology, News, San Francisco, Ap

Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq

Ride-sharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in around two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq, and the IPO range is currently set for between $62 and $68 per share to sell  30,770,000 shares of Class A common stock, the company said, raising up to $2.1 billion at the higher end of that range, or $1.9 billion at the lower e...
Tags: TC, Transportation, Lyft, Finance, Ipo, Tech, Nasdaq, Logan Green, Ride-sharing, John Zimmer, KeyBanc Capital Markets Inc

Lyft’s imminent IPO could value the company at $23B

Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal . The business will reportedly price its shares at between $62 and $68 a piece, raising roughly $2 billion in the process. With a $600 million financing, Lyft was valued at $15.1 billion in June. Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to th...
Tags: TC, Lyft, Uber, Ipo, San Francisco, Tech, General-motors, Companies, Transport, Fidelity, The Wall Street Journal, Andreessen Horowitz, Rakuten, Initial Public Offering, Online Marketplaces, Alphabet

Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive

Uber’s IPO targets April, Stash stacks cash, and YC shakes it up

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a lot of fun. Connie Lozios took the captain’s chair in San Francisco while I manned the sails, and we had Female Founders Fund’s founder Anu Duggal in the studio to round out our crew. It was a week of conclusions. Our prior notes on YC and Uber and a few other things came home to roost. But, you’re busy so let’s sink our teeth into the good stuff...
Tags: Apple, Startups, TC, Lyft, Uber, Y Combinator, San Francisco, Sam Altman, Stash, Equity podcast, Anu Duggal, Connie Lozios, Northen California Sand Hill Road

Bird lays off up to 5% of workforce

Electric scooter startup Bird has laid off between four to five percent of its workforce, . That comes out to about 40 people of its ~900-employee workforce. This comes shortly after Lyft laid off up to 50 employees in its bikes and scooters division. “As we establish local service centers and deeper roots in cities where we provide service, we have shifting geographic workforce needs,” a Bird spokesperson told TechCrunch. “We are expanding our employee bases in locations that match our grow...
Tags: Transportation, Lyft, Travis Vanderzanden, Layoffs, Tech, Bird, Electric Scooters, Santa Monica, Personnel, New Zealand Bird Platform

Biomanufacturing as a Service: Culture Biosciences lands Series A for its bioreactors accessed via the Cloud

In California, a new company has launched called Culture Biosciences and today we’d like to take you inside it. It’s a story about making the bioeconomy radically more efficient at the point of developing and deploying product, by offering Biomanufacturing-as-a-Service. This month, Culture Bio, based in the industrial biotech hub of South San Francisco, nabbed $5.5 million in funding led by Section 32, with participation from Refactor Capital and Verily. Culture will use the funding to expand i...
Tags: Google, Lyft, California, Top Stories, South San Francisco, Asimov, Refactor Capital, Culture Biosciences, Will Patrick

What agents should know about tech’s next IPO boom

The San Francisco Bay Area could explode with new millionaires this year, as a number of the top Bay Area-based tech companies mull initial public offerings. But will this influx of new cash actually have an appreciable impact on the nation’s most expensive housing market?
Tags: Lyft, Uber, Technology, Pinterest, Softbank, San Francisco, Radio, Agent, Airbnb, Compass, Affordability, Slack, Bay Area, San Francisco Bay Area, Coldwell Banker, Markets & Economy

Uber reportedly raising $1B in deal that values self-driving car unit at up to $10B

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, Startups, TC, Transportation, Lyft, Uber, Softbank, Funding, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ

Uber said to be raising $1B at a $10B valuation for its self-driving car unit

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, TC, Transportation, Lyft, Uber, Softbank, Funding, Tech, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ

Tetrate nets $12.5 million to bring microservices to the corporate masses

Tetrate, a company bringing commercial services and support to the open source projects –Istio and Envoy — providing network management functions for the microservices that make up modern mobile applications, has launched with $12.5 million in new financing. The company, founded by top engineers at Google who started the Istio project, raised its initial financing from a slew of institutions and big names in enterprise software including Pankaj Patel, Former Chief Development Officer at Cisco...
Tags: Google, TC, Lyft, Cloud Computing, Samsung, Tech, Cisco, Ceo, Engineer, Companies, Computing, Ibm, WeWork, Vmware, Cto, Intel Capital

Flight-hailing startup Blackbird raises $10 million to replace driving with flying

The origin story of Blackbird, a startup that links travelers to planes and commercial pilots through an app, didn’t begin with air travel. It was prompted by car sickness. Blackbird CEO and founder Rudd Davis, who was getting his pilot’s license at the time, asked his flight instructor if he would fly his family to Tahoe because his son gets terribly sick every time they traveled by car. What Rudd discovered was an incredible experience that was far more affordable than he realized.  Davis la...
Tags: Google, TC, Transportation, Lyft, Pinterest, Air Travel, California, Ebay, Tech, Ceo, Davis, Airbnb, Blackbird, Vice President, Tahoe, Pilot

The History – and Future – of Trust in Digital Marketing (Thinks Out Loud Episode 241)

Looking to drive results for your business? Click here to learn more. The History – and Future – of Trust in Digital Marketing (Thinks Out Loud Episode 241) – Headlines and Show Notes Our History – eBay Inc. Amazon: Turning Consumer Opinions into Gold – Bloomberg Who Owns the Customer? Marketing or Digital? (Thinks Out Loud Episode 226) Why Data Is Overrated (It’s Not What You Think) (Thinks Out Loud Episode 240) The Lessons Marketers Must Learn From GDPR (Thinks Out Loud Episode 219) Searc...
Tags: Google, Amazon, Facebook, Lyft, Etsy, Ebay, Seo, Customers, Paypal, Airbnb, Steve, Mary Meeker, Venmo, Cincinnati, Mackie Onyx Blackjack USB, Tim Peter

Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. (An email subscription is coming).  This week, we explore the world of light detec...
Tags: Google, Transportation, Lyft, Uber, Travis Vanderzanden, Elon Musk, UK, Technology, California, France, China, Samsung, Sacramento, Articles, Tech, Tesla

Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches

As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion. TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric bike sharing startup Motivate a deal that closed about . The cuts range from managers and through to technical people and those holding less senior roles, and have been ...
Tags: TC, Transportation, Lyft, Layoffs, New York, Washington, New York City, US, San Francisco, Tech, Automotive, Ford, Scooters, Hiring, Sxsw, Boston San Francisco

Airbnb agrees to acquire last-minute hotel-booking app HotelTonight

As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The Wall Street Journal, which wrote in January that negotiations for the transaction had “gone cold.” Airbnb is expected to complete a...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, Europe, Pinterest, Australia, San Francisco, Tech, Venture Capital, M&a, Denmark, Airbnb, Wall Street Journal, HotelTonight

Steering Lyft’s IPO: What Investors Will Weigh During the Roadshow

Much has been said about Lyft’s early lead over Uber in the “horserace” to become the first ride-hailing app company to go public. But now that San Francisco-based Lyft has filed its 276-page IPO prospectus with the U.S. Securities and Exchange Commission, potential investors can focus on much more detailed considerations as they decide whether to make bets on the smaller of the two U.S. ride-hailing leaders. Lyft’s IPO roadshow, during which it will make pitches to stock market investors and a...
Tags: Google, Startups, Mobile, Facebook, Lyft, Uber, Entrepreneurship, Wall Street, Funding, San Francisco, Trends, Tech, Regulations, IPOs, Vc, Software

Huawei sues America as SoftBank spends more money

Today, a bunch of analysis on stories we have been covering the last few weeks. You’re reading the Extra Crunch Daily. Like this newsletter? Subscribe for free to follow all of our discussions and debates. SoftBank wants to spend more billions Kiyoshi Ota/Bloomberg via Getty Images Three inter-related stories today on SoftBank and its Vision Fund. First, an analysis from my Bangkok-based colleague Jon Russell, who notes that controversies surrounding the murder of journalist Jamal Khashoggi ...
Tags: Transportation, Lyft, Asia, Europe, Japan, New York, Congress, Saudi Arabia, Finance, Government, China, Southeast Asia, India, Softbank, Africa, US

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Post journalist Jamal Khashoggi, deal flow for Softbank’s Vision Fund appears to be back to normal. The $100 billion megafund has done 21 deals over the last two quarters, that’s as more than in the other quarters of the previous year combi...
Tags: Fundings & Exits, Lyft, Asia, Europe, Washington Post, Saudi Arabia, Finance, China, Southeast Asia, Singapore, India, Softbank, Funding, Tech, Son, Prince

Taxify rebrands as Bolt to expand its transport options beyond private cars

Taxify, the ride-hailing company from Estonia backed by Didi and Daimler and now active in 30 countries, is making a key shift in its business today as it gears up for its next stage of growth. The company is removing “taxi” from its name and rebranding as Bolt, the same name that it has been using for its new electric scooter service, to double down on providing multiple transportation options beyond private cars. The shift in name and vision comes as the company has started talks for another r...
Tags: TC, Transportation, Lyft, Uber, Europe, UK, London, Sweden, China, Germany, Collaborative Consumption, US, Tech, Spain, Estonia, Bmw

Taxing your privacy

Joe Apprendi Contributor Joe Apprendi is a general partner at Revel Partners. More posts by this contributor The new era in mobile Big data’s humble beginnings Data collection through mobile tracking is big business and the potential for companies helping governments monetize this data is huge. For consumers, protecting yourself against the who, what and where of data flow is just the beginning. The question now is: How do you ens...
Tags: Lyft, Uber, Column, Utah, New York, Human Rights, Privacy, Identity Management, Law, California, Oregon, Articles, Tech, Smartphones, Getty Images, Gps

Go-Jek pulls in $100M more for its massive Series F round

U.S. ride-hailing giants Lyft and Uber are going public in the U.S. imminently, but over in Southeast Asia, the two largest on-demand companies are still madly fueling up on investment capital. The latest update to that story today saw Go-Jek, the Indonesian ride-hailing firm aiming to go regional in Southeast Asia, announced that it has pulled in $100 million from conglomerate Astra, an existing investor, as part of the Series F round it is raising right now. We know Go-Jek is aiming to b...
Tags: Lyft, Uber, Asia, Southeast Asia, Singapore, Softbank, Tech, Thailand, United States, Philippines, Transport, Manufacturing, Vietnam, Carsharing, On-demand Services, Online Food Ordering

Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note of an emerging trend in AV development, and check out an experiment with paving. Oh, and how could we forget Tesla. Never heard of TechCrunch’s Transp...
Tags: Google, Android, Transportation, Lyft, New York, China, India, Cars, Toronto, Tech, Tesla, Car, Austin, Netflix, Canada, Automotive

3 unanswered questions from Lyft's long-awaited IPO filing

Lyft on Friday publicly filed its paperwork for an initial public offering. The documents provided the first look at important details about Lyft's business. But Lyft didn't offer answers to some of the most important questions that could affect its IPO and future.  The paperwork Lyft filed Friday for its initial public offering gave us important new details about the company. But it also left unanswered some crucial questions. The ride-hailing company beat arch-rival Uber to this initial sta...
Tags: Google, Amazon, Facebook, Lyft, Uber, Mark Zuckerberg, Trends, General Motors, Tesla, Larry Page, Green, Ford, Sergey Brin, Gm, Zimmer, Alphabet

Startups Weekly: Lyft’s S-1, cash for fertility startups and litigious VCs

Startups reporters everywhere rejoiced Friday morning when the first unicorn S-1 of 2019 emerged from under lock and key for us all to unpack, analyze and enjoy. The TechCrunch office, at least Megan Rose Dickey’s and my corner, was buzzing with excitement, and Crunchbase News editor-in-chief, (my Equity co-host), apparently had to make himself a cup of Earl Grey tea to calm down post-S-1 deep dive. I’ve already said a lot about the filing on Equity’s latest episode, available here, and in my st...
Tags: Startups, Lyft, Uber, China, Softbank, San Francisco, Startup, Tech, General Motors, Beijing, Venture Capital, Fidelity, Silicon Valley, WeWork, Andreessen Horowitz, Rakuten

Equity Shot: Lyft files to go public and we’re stoked

Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft . You guessed correctly. The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO process by halting the Securities and Exchange Commission, an agency that plays the most active role in helping a company go public. Now the government is open, and Lyft’s formerly priva...
Tags: Apple, Fundings & Exits, TC, Transportation, Lyft, Tech, Transport, Venture Capital, SEC, Kate, Alex, Initial Public Offering, Megan Rose Dickey, Securities And Exchange Commission, GAAP, Equity podcast

show more filters
January - 2019
February - 2019
March - 2019