Posts filtered by tags: Logan Green[x]


 

From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


Lyft is planning to cut 90 jobs and make changes to its marketing and sales teams, ahead of its February earnings report (LYFT)

Lyft is planning to cut jobs and restructure teams, in news first reported by the New York Times Since its debut on the public market last April, Lyft has fended off investor concerns and questions on its ability to turn a profit.  The report comes ahead of the company's first fiscal quarter earnings report in 2020, set to be released on February 11th.  "We've carefully evaluated the resources we need to achieve our 2020 business goals, and the restructuring of some of our teams reflects that....
Tags: Lyft, Trends, New York Times, Logan Green, John Zimmer, Mike Isaac, Kate Conger, Business Insider Shares of Lyft


14 incredible tech products that didn't exist 10 years ago

The tech world has changed significantly in the last decade.  Back in 2009, the iPad hadn't come out yet, Lyft didn't exist, and the Amazon Echo hadn't been unveiled.  Here are 14 major innovations that didn't exist 10 years ago.  Visit Business Insider's homepage for more stories. The world was a very different place 10 years ago.  A decade ago, you couldn't order a Lyft on your phone, you couldn't scroll through Instagram, and you couldn't watch movies or answer email on an iPad. Several in...
Tags: Apple, Amazon, Verizon, Facebook, Lyft, Mark Zuckerberg, Jobs, Instagram, Microsoft, Steve Jobs, Samsung, NFL, Trends, Snapchat, Sprint, Steve Ballmer


From Snapchat to Uber, these are the tech companies worth billions despite never turning a profit

Many of the world's most valuable tech startups have never been profitable, raising billions of dollars from investors while still losing money every year. Tech startups typically focus on rapid growth in their early years, burning through investor cash in order to expand. Massive brands like Uber, Snapchat, and Spotify are among those that have yet to make a profit. Wall Street is becoming more accepting of this startup model — investors are willing to tolerate negative cash flows for increas...
Tags: Amazon, Facebook, Lyft, Pinterest, Trends, Tesla, Cnn, Snapchat, Gm, WeWork, Zillow, Crunchbase, Logan Green, Statista, Zillow Year, Spotify Year


From Snap to Uber, here are 9 billion-dollar tech companies that still aren't profitable

Many of the world's most valuable tech startups have never been profitable, raising billions of dollars from investors while still losing money every year. Tech startups typically focus on rapid growth in their early years, burning through investor cash in order to expand. Massive brands like Uber, Snapchat, and Spotify are among those that have yet to make a profit. Wall Street is becoming more accepting of this startup model — investors are willing to tolerate negative cash flows for increas...
Tags: Amazon, Facebook, Lyft, Pinterest, Trends, Tesla, Cnn, Snapchat, Gm, WeWork, Zillow, Crunchbase, Logan Green, Statista, Zillow Year, Spotify Year


Lyft lost less money than Wall Street expected in the third-quarter as the company keeps adding new riders (LYFT)

Lyft reported its third quarter earnings on Wednesday afternoon.  Wall Street analysts expected the company's financial losses to shrink, and were closely watching total ridership numbers.  By many metrics, Lyft could outshine Uber this quarter. Uber reports its financials on Monday.  Visit Business Insider's homepage for more stories. Lyft reported third-quarter earnings on Wednesday that topped Wall Street's expectations and set a new record for revenue.  Here are the key figures:  Earning...
Tags: Apple, Lyft, Trends, Green, Wall Street Journal, Logan Green, EBITDA, CEO Logan Green


Here comes Lyft … (LYFT)

Lyft will report its third quarter earnings on Wednesday afternoon.  Wall Street analysts expect the company's financial losses to shrink, and will be closely watching total ridership numbers.  By many metrics, Lyft could outshine Uber this quarter. Uber reports its financials on Monday.  Visit Business Insider's homepage for more stories. Lyft is scheduled to report its third-quarter financial performance on Wednesday after the closing bell. Here's what Wall Street analysts are expecting: E...
Tags: Apple, Lyft, Uber, Ipo, US, Trends, Bloomberg, Green, Canada, Hsbc, Wall Street Journal, Logan Green, Davidson, EBITDA, ANR, Tom White


New data shows Lyft is continuing to gain on Uber. Here's what to expect from the company's earnings report. (LYFT, UBER)

Lyft and Uber are both scheduled to report earnings over the next week, with Lyft kicking off the show on Wednesday.  Going into the report, new data shows Lyft continuing to gain market share in its fight against its larger rival.  Executives also said last week that they expect to turn a profit sooner than expected, helping Lyft shares find a much needed boost.  Visit Business Insider's homepage for more stories.  Lyft is continuing to gain market share from its larger rival Uber in the Uni...
Tags: Lyft, Uber, California, US, Trends, Bloomberg, Canada, United States, Hsbc, Logan Green, Lyft Uber, Davidson, ANR, Tom White, Signal Tower, Masha Kahn


Lyft's slumping stock price cost General Motors $214 million last quarter (LYFT, GM)

General Motors' third-quarter financials were adversely affected by Lyft's struggling stock price. The stock's 28% rout during the three-month period cost GM $0.15 a share, or roughly $214 million. Despite the slump, GM's investment, originally made in 2016 for self-driving innovation, is most likely still in the green. Visit Business Insider's homepage for more stories. Lyft's terrible performance as a publicly traded company had a massive impact on General Motors' balance sheet in the third...
Tags: Lyft, California, Trends, General Motors, Bloomberg, Gm, Las Vegas, Logan Green, Phoenix, Lyft GM, Daniel Ammann


Uber lost another $1B last quarter

Uber posted losses of $1 billion on revenue of $3.1 billion for the first quarter of 2019 in what was the company’s first earnings report as a public company. Amid both positive and negative stock predictions, NYSE: UBER fluctuated ahead of the news, ultimately closing down .25 percent at $39.90 per share. Analysts anticipated an adjusted net loss per share of 76 cents on earnings of about $3.1 billion, according to FactSet. Uber, in its IPO paperwork, said it expected first-quarter losses to fa...
Tags: TC, Transportation, Lyft, Pinterest, Tech, Earnings, New York Stock Exchange, Logan Green, Nyse, EBITDA, FactSet Uber


Lyft Posts $1.1B Loss for Q1 in First Earnings Report Post-IPO

Newly public ride-hailing company Lyft (NASDAQ: LYFT) filed its first-quarter earnings results Tuesday, reporting a 95 percent increase in revenue compared with the same period in 2018, but a net loss of nearly $1.14 billion.That first-quarter loss includes $894 million of stock-based compensation and other expenses triggered by the completion of Lyft’s IPO on April 2. Without those items, the company’s adjusted net loss for the quarter was $211.5 million; the adjusted net loss for the same per...
Tags: Deals, Transportation, Mobile, Lyft, Uber, Hardware, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Web, It, Software


Lyft lost $1.14B in Q1 2019 on $776M in revenue

In its first-ever earnings report as a public company, Lyft (NASDAQ: LYFT) failed to display progress toward profitability. The ride-hailing business, which raised $2 billion in a March initial public offering, posted first-quarter revenues of $776 million on losses of $1.14 billion, including $894 million of stock-based compensation and related payroll tax expenses. The company’s earnings surpassed Wall Street estimates of $740 million while losses came in much higher as a result of IPO-related...
Tags: Travel, TC, Transportation, Lyft, Uber, Pinterest, Green, Transport, Earnings, Commuting, The Wall Street Journal, New York Stock Exchange, Carsharing, Goodwater Capital, Initial Public Offering, Alphabet


Lyft might eventually make money — but it could take 7 years to get there, analyst says (LYFT)

Lyft, the ride-hailing app that went public last month, lost $911 million last year. One analyst who initiated coverage of the stock this week said the company could eventually turn a profit, but that it could take seven years. The question of profitability, along with stiff ride-hailing competition, lies at the heart of many analysts' concerns about Lyft's viability in the near-term. Watch Lyft trade live. It isn't shocking that young technology companies fail to turn a profit, but it does ...
Tags: Lyft, Wall Street, US, Trends, Zimmer, Logan Green, John Zimmer, Patil, Shyam Patil, Bloomberg Lyft, Consider Lyft, Susquehanna He


Lyft, Uber, and the Changing Disclosure Rules For Unicorn IPOs

When a much-watched tech company such as Lyft, Uber, or Pinterest files for an initial public stock offering, people eagerly scour the sudden trove of information that such a private business must finally disclose when it begins to offer shares to the general public, rather than only to sophisticated inside investors such as venture capital firms.For newly public company Lyft, (NASDAQ: LYFT) though, the IPO disclosure requirements were significantly lower than they would usually be for business...
Tags: Deals, Startups, Transportation, Mobile, Lyft, Uber, Hardware, Pinterest, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Financial Crisis


Dissecting what Lyft’s IPO means for Uber and the future of mobility

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kirsten Korosec and Kate Clark led a deep-dive discussion into Lyft’s IPO and the outlook for the business going forward. After skyrocketing nearly 10% on its first day hitting the public markets, Lyft stock has faded back down towards its IPO price as some investors grow more concerned over the company’s path to profitability (or lack ...
Tags: Google, Facebook, Lyft, Uber, Europe, Wall Street, New York City, US, Toronto, Los Angeles, San Francisco, Tech, Tesla, Getty Images, Chicago, Austin


Harvard researchers say that Lyft investors will likely come to regret giving the cofounders so much control with so little stock (LYFT)

Lyft's power structure, which gives founders Logan Green and Josh Zimmer a concentration of voting power, "can be expected" to decrease Lyft's share value in the future, according researchers at Harvard Law. The dual-class structure means that Green and Zimmer have near-total control over Lyft while collectively owning less than 5% of the company. They could also retain significant control while owning as little as 2.65% of the company's equity, the researchers found. This could hurt Lyft's sh...
Tags: Lyft, Pinterest, Trends, Green, Harvard, Credit Suisse, Nasdaq, Zimmer, Logan Green, Farfetch, Nyse, Harvard Law School, GrubHub, Kobi Kastiel, New York Stock Exchange JPMorgan, Jumia the Alibaba of Africa


Carl Icahn reportedly dumped his entire Lyft stake ahead of its IPO (LYFT)

Carl Icahn sold his roughly 2.7% stake in Lyft ahead of its initial public offering, The Wall Street Journal says. Lyft's share price has plunged more than 20% since debuting on the Nasdaq on Friday. Icahn's stake was valued at roughly $550 million at the IPO price of $72. Watch Lyft trade live. Carl Icahn sold his roughly 2.7% stake in Lyft ahead of last week's initial public offering, , citing people familiar with the matter. No buyer was reported. While the motivation of Icahn's...
Tags: Lyft, Trends, Wall Street Journal, Carl Icahn, Logan Green, John Zimmer, Icahn, IPO Lyft, Watch Lyft


Lyft closes up 10% on first day of trading

Pink confetti fell from the ceiling Friday as Lyft co-founders Logan Green and John Zimmer celebrated their company’s IPO. The stock offering was a bonafide success, with shares selling for $87.24 apiece Friday morning — 21 percent higher than Lyft’s initial $72 share price — and closing at about $79 per share. Lyft raised roughly $2.3 billion Thursday evening, hours before ringing the opening bell of the Nasdaq on Friday around noon Pacific. The IPO gave Lyft an initial market cap of about $24 ...
Tags: Startups, Transportation, Lyft, Tech, Green, Venture Capital, Zimmer, Emily Chang, Logan Green, John Zimmer, Pacific The IPO, Bloomberg TV Lyft, Los Angeles Lyft


Lyft closes up 9% on first day of trading

Pink confetti fell from the ceiling Friday as Lyft co-founders Logan Green and John Zimmer celebrated their company’s IPO. The stock offering was a bonafide success, with shares selling for $87.24 apiece Friday morning — 21 percent higher than Lyft’s initial $72 share price — and closing at $78.29 per share. Lyft raised roughly $2.3 billion Thursday evening, hours before ringing the opening bell of the Nasdaq on Friday around noon Pacific. The IPO gave Lyft an initial market cap of about $24 bil...
Tags: Travel, Startups, Transportation, Lyft, Green, Venture Capital, Zimmer, Emily Chang, Logan Green, John Zimmer, Pacific The IPO, Bloomberg TV Lyft, Los Angeles Lyft


Lyft Valued at $22.4 Billion After Rising in Trading Debut

Shares opened Friday morning at $87.24 -- 21 percent above the IPO price of $72 -- and drifted downward in the afternoon, closing up 8.7 percent to $78.29 in New York. After Lyft’s co-founders Logan Green and John Zimmer rang the Nasdaq opening bell from a driver center in Los Angeles, shares took more than two hours to start trading. Zimmer said they decided to forgo the traditional opening ceremony on the floor of the exchange to be with the company’s drivers.
Tags: New York, Science, Ipo, Los Angeles, Zimmer, Logan Green, John Zimmer


How Lyft's cofounders, Logan Green and John Zimmer, went from organizing carpools on college campuses to running a ride-hailing company worth $29 billion

Logan Green and John Zimmer cofounded Lyft, then called Zimride, in 2008 after meeting on Facebook. Zimride started out as a side project before the founders moved to Silicon Valley and focused on bringing the ride-sharing service to college campuses.  Lyft officially launched in 2012, and Green and Zimmer sold Zimride to Enterprise. Now, Lyft is going public at a valuation of about $29 billion with shares opening at $87.24 apiece. Before they met, Lyft cofounders Logan Green and John Zimme...
Tags: Facebook, Lyft, California, New York City, San Francisco, Trends, Green, Connecticut, Silicon Valley, Greenwich, Cornell University, Zimmer, Zipcar, Zimride, Logan Green, John Zimmer


Lyft Jumps in Debut as Ride-Hailing IPO Raises $2.34 Billion

Shares opened at $87.24 -- 21 percent above the IPO price of $72 -- and were trading up 12 percent to $80.73 at 2:05 p.m. in New York. After Lyft’s co-founders Logan Green and John Zimmer rang the Nasdaq opening bell from a driver center in Los Angeles, shares took more than two hours to start trading. Zimmer said they decided to forgo the traditional opening ceremony on the floor of the exchange to be with the company’s drivers.
Tags: New York, Science, Ipo, Los Angeles, Zimmer, Logan Green, John Zimmer


Lyft jumps in IPO debut as ride-hailing giant raises $2.34 billion

Lyft, the No. 2 U.S. ride-hailing giant, soared in its debut after raising $2.34 billion in an initial public offering that priced at the top of an elevated range, sending an encouraging signal to the stampede of Silicon Valley companies lining up to go public this year. Shares opened at $87.24 — 21 percent above the IPO price of $72 — and were trading up 12 percent to $80.73 at 2:05 p.m. in New York. That gives the company a market value of about $23 billion. After Lyft’s co-founders Logan Gree...
Tags: Facebook, Lyft, Uber, Business, New York, Ipo, Los Angeles, San Francisco, Sport, Soccer, Alibaba, Silicon Valley, Deloitte, Zimmer, Securities And Exchange Commission, Logan Green


Lyft is deeply unprofitable — but that isn’t stopping eager Wall Street investors (LYFT)

Lyft's losses are growing, and the company could be years from profitability.  That hasn't suppressed Wall Street's appetite for stock of the ride-hailing company, which went public on Friday.  The company's oversubscribed initial public offering was priced above its original window and spiked more than 20% in trading.  Wall Street analysts have yet to issue a sell rating for the stock, but all coverage is markedly bullish thus far.  Lyft lost $911 million last year. That's more than the comp...
Tags: Lyft, US, Trends, Bloomberg, Logan Green, Wedbush, Davidson, Ives, Tom White, Eric Newcomer, Lyft IPO, Dan Ives, Koenigsegg Jesko, Take Tesla


Lyft's founders gave a weird, whimsical explanation for what the 'Y' in its name stands for

On Friday, the ride-sharing firm Lyft listed on the Nasdaq under the ticker symbol that's spelled just like its name — LYFT. In the company's S-1 filing in early March, Lyft co-founders Logan Green and John Zimmer wrote that the "Y" in Lyft actually stands for "why." "The why in what Lyft is doing is most important to us, as well as the cities and communities we serve, and it will always be our company’s North Star," the co-founders wrote.  The company's mission, they wrote, is to "improve...
Tags: Lyft, Trends, Earth, Nasdaq, Logan Green, John Zimmer, Samsung Galaxy


Lyft valued at $24.3 billion in first ride-hailing IPO: Reuters

Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger rival Uber Technologies Inc, which Reuters has reported will kick off in April. Uber has been told by its investment bankers that it could be valued at as much as $120 billion. The success of the...
Tags: Google, Amazon, Lyft, Ipo, Trends, IPOs, Silicon Valley, Nasdaq, Jefferies, Logan Green, John Zimmer, Reuters, Alibaba Group Holding Ltd, Uber Technologies Inc, Alphabet Inc, Magna International Inc


Lyft’s founders are set to make more than $1 billion in the company’s IPO (LYFT)

Lyft's IPO is set to make many of its original investors very rich.  Executives' Logan Green and John Zimmer, who hold an outsize stake in the company they founded, could hold a combined stake of more than $1 billion at the IPO's expected prices.  The long-awaited day is finally here: The ride-hailing company is set to begin trading on the Nasdaq stock exchange Friday with an initial price of $72 per share, or a total valuation of about $21 billion. That last-minute surge, fueled by standin...
Tags: Lyft, Ipo, US, Trends, General Motors, Tesla, Green, Nasdaq, Zimmer, Trulia, Logan Green, John Zimmer, Julie Bort, Council of Institutional Investors, eBay Paypal, Jon McNeill


I Asked Lyft’s Founders How They Plan to Turn a Profit

The first day of trading for Lyft Inc. will set the tone for this year’s class of giant private companies heading toward the public markets. On Thursday, I spoke with Lyft co-founders Logan Green and John Zimmer, a day before Lyft shares were set to begin trading. Zimmer, Lyft’s president, ducked: “We cannot talk about the future, but what we can tell you is that we have set ourselves up to deliver long-term shareholder value.”My next question dove into a topic that I’ve been particularly obse...
Tags: Lyft, Science, Logan Green, John Zimmer, Lyft Inc, Zimmer Lyft


Here's who will get rich from the Lyft IPO

As Lyft makes its debut as a publicly traded company, co-founders Logan Green and John Zimmer will be rich. But they won't be billionaires just yet.
Tags: Cnn, Logan Green, John Zimmer, Lyft IPO


Here's who'll get rich in Lyft's IPO

As Lyft makes its debut as a publicly traded company, co-founders Logan Green and John Zimmer will be rich. But they won't be billionaires just yet.
Tags: News, Stories, Logan Green, John Zimmer