Posts filtered by tags: Lyft[x]


 

Fastly, the content delivery network, files for an IPO

Fastly, the content delivery network that’s raised $219 million in financing from investors (according to Crunchbase), is ready for its close up in the public markets. The eight-year-old company is one of several businesses that improve the download time and delivery of different websites to internet browsers and it has just filed for an IPO. Media companies like The New York Times use Fastly to cache their homepages, media and articles on Fastly’s servers so that when somebody wants to brows...
Tags: Exit, Startups, TC, Akamai, AWS, Cloudflare, Computing, Content Delivery Network, E-commerce, Fastly, Imperva, Initial Public Offering, Internet Security, Limelight, Lyft, Media


IPOs have sent Uber and Lyft fares skyrocketing, while driver pay plummets

The public markets are hungry: as Uber and Lyft look to IPOs to let their investors -- who have been subsidizing 40-50% of every ride -- redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and increase those share prices. Luckily for them, the rideshare companies operate "two-sided markets," a darling of neoliberal economic orthodoxy, wherein they are able to control the prices that customers pay and the share...
Tags: Post, Business, Economics, Lyft, Rideshare, Two-sided Gouging, Two-sided Markets, Uber


Lyft's Messy IPO Gets More Complicated Thanks to Two Investor Class-Action Lawsuits

Lyft’s initial public offering headache just got worse.Read more...
Tags: Lyft, Science, Ipo, Lawsuits, Electric Bike


IPO mania: Zoom zooms, Pinterest pins down Wall Street

By Barbara Ortutay, The Associated Press There’s some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the strong initial performances might reassure investors with jittery nerves following ride-hailing company Lyft’s disappointing start less than a month ago. Zoom Video Communications, which ma...
Tags: Google, Facebook, Lyft, Pinterest, San Francisco, Cisco, Sport, Soccer, Square, Silicon Valley, San Jose, Palantir, Bessemer Venture Partners, Morgan, Levine, Facebook Pinterest


Marketing For Agency Strategists

Curiously, many people find their way to advertising agencies or in-house marketing departments at major brands without being educated or trained in the basics of marketing. And inside agencies, even more curiously, there is no additional training in marketing beyond the on the job variety. Which is a wonderful way to ensure that you will always be at least one step behind the MBAs. Let’s cover some of the key concepts today starting with the marketing mix – the Four P’s which was developed i...
Tags: Lyft, Nordstrom, New York, Brand Marketing, Starbucks, Houston, Haiti, TOMS, Branding, Nestle, McDonald, Stevens, J D Power, Koichi Shimizu, Crispin Porter Bogusky, Ps Product Place


Uber, Lyft implement new safety measures

Uber and Lyft instituted new safety features and policies this week. The move follows the death of Samantha Josephson, a student at the University of South Carolina, who was kidnapped and murdered in late March. She was found dead after getting into a vehicle that she believed to be her Uber ride. The murder, which has garnered nationwide media attention, seems to have spurred action by the ride sharing behemoths. In response, Uber is launching the Campus Safety Initiative, which includes new...
Tags: Startups, TC, Transportation, Lyft, Uber, Ipo, Tech, Cnn, South Carolina, University of South Carolina, Samantha Josephson, Five Points district of Columbia


A Tech Company That Actually Makes Money Just IPO'd

Zoom is a conference platform business people use to do business. It’s just like Skype, or Lifesize, or Google Hangouts, UberConference, or Bluejeans, but different! Read more...
Tags: Lyft, Science, Ipo, Economics, Skype, Zoom


Pinterest opens up 25% in its first day of trading

Pinterest (NYSE: PINS) is a public company. Ben Silbermann’s virtual pinboard rose 25 percent in its NYSE debut, opening at $23.75 per share. Currently, shares of its stock are up another 2%, trading at more than $24 each. The company priced its shares above range last night at $19 a piece. The IPO price gave the company a fully-diluted market cap of $12.6 billion, a figure slightly larger than its Series H valuation of $12.3 billion. After selling 75 million Class A shares, Pinterest has a fres...
Tags: Fundings & Exits, Lyft, Pinterest, Tech, Venture Capital, Silicon Valley, Ben Silbermann, Nyse, NASDAQ IPO


Pinterest shares leap 25% in spectacular New York stock exchange debut

Latest Silicon Valley ‘unicorn’ valued at $15bnPopular digital scrapbook platform is close to making moneyPinterest, the digital pin board company, made a spectacular debut on the New York stock exchange on Thursday when its shares leapt 25% in its first few hours of trading.The company, which allows users to “pin” and share pictures of favorite recipes, decorating tips and inspiring images, is used by 250 million people a month and reaches “eight out of 10 moms” in the US, according to its regu...
Tags: Lyft, Uber, Business, New York, Technology, Pinterest, US, Stock Markets, Silicon Valley


Uber and Lyft drivers say apps are short-changing wages while raising fares

Drivers for both ridesharing companies say riders are paying more for price surges, but drivers aren’t receiving extra payRidesharing companies Uber and Lyft have taken more than 11 billion people for a ride in their relatively short life. And yet the two companies have yet to make a cent in profits. Now, as the companies go public, some drivers think they may have spotted one way the companies plan to close that gap: increasing prices while short-changing drivers. Related: Disgruntled drivers...
Tags: Lyft, Uber, Business, Technology, US news


Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles: Reuters

Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New York Stock Exchange on Thursday. Its performance will be a key test of the tech IPO market after the Nasdaq debut of ride-hailing start-up Lyft at the end of last month. Lyft raised mor...
Tags: Lyft, Pinterest, Ipo, Trends, IPOs, New York Stock Exchange, Reuters, Uber Technologies Inc, Lyft Inc, VC Deals, Levi Strauss Co, Snap Inc, Pinterest Inc, PagerDuty Inc, Renaissance Capital 's IPO, Goldman Sachs Co LLC JPMorgan and Allen Company


Pinterest, the latest unicorn to hit the public market, jumps 25% in trading debut

Pinterest began trading Thursday on the New York Stock Exchange.  Shares of the visual-bookmarking platform opened for trading at $23.75 a share. That's 25% higher than where Pinterest priced its initial public offering on Wednesday evening, at $19 a share. Visit MarketsInsider.com for more information about Pinterest. Pinterest jumped in its debut on the New York Stock Exchange on Thursday as the latest unicorn to hit the public market this year. Shares opened at $23.75 a share — 25% higher...
Tags: Amazon, Facebook, Lyft, Pinterest, Ipo, San Francisco, Trends, New York Stock Exchange, Nasdaq, Pinterest Pinterest, Becky Peterson, Ali Mogharabi, Mogharabi, Ygal Arounian, Wedbush In


Pinterest, the latest unicorn to hit the public market, jumps 25% in its trading debut (PINS)

Pinterest began trading Thursday on the New York Stock Exchange. Shares of the visual-bookmarking platform opened for trading at $23.75 a share. That's 25% higher than where Pinterest priced its initial public offering on Wednesday evening, at $19 a share. Visit MarketsInsider.com for more information about Pinterest. Pinterest jumped in its New York Stock Exchange debut on Thursday as the latest unicorn to hit the public market. Shares trade under the ticker PINS. The stock opened at $23.75...
Tags: Amazon, Facebook, Lyft, Pinterest, Ipo, San Francisco, Trends, New York Stock Exchange, Morningstar, Pinterest Pinterest, Becky Peterson, Ali Mogharabi, Mogharabi, Ygal Arounian, Wedbush In


Pinterest, valued at $10 billion, is set to begin trading as the latest unicorn to hit the market

Pinterest is set to begin trading Thursday on the New York Stock Exchange. The visual-bookmarking platform priced its initial public offering on Wednesday evening at $19 a share, giving it a $10 billion valuation. It was last valued at $12.3 billion in the private market.  Visit MarketsInsider.com for more information about Pinterest. Pinterest is set to begin trading Thursday on the New York Stock Exchange as the latest unicorn to hit the public market this year.  The visual-bookmarking pla...
Tags: Lyft, Pinterest, Ipo, Trends, New York Stock Exchange, Nasdaq, Wedbush, Pinterest Pinterest, Ygal Arounian


Pinterest's IPO sets company value at $12.7bn amid flurry of tech debuts

The valuation is a sign of strength for the tech IPO market after ride-hailing start-up Lyft’s struggles Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7bn on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles.Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New York Stock Exchange on Thursday. Its performance will be a key test of the tech IPO mar...
Tags: Lyft, Business, Technology, Pinterest, US news, Stock Markets, US markets, New York Stock Exchange, Lyft Inc, Pinterest Inc


Pinterest prices IPO above range

Pinterest priced shares of its stock, “PINS,” above its anticipated range on Wednesday evening, CNBC reports. The company will sell 75 million shares of Class A common stock at $19 apiece in an offering that will attract $1.4 billion in new capital for the visual search engine. The NYSE-listed business had planned to sell its shares at between $15 to $17 and didn’t increase the size of its planned offering prior to Wednesday’s pricing. Valued at $12.3 billion in 2017, the initial public offer...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, Pinterest, Wall Street, San Francisco, Tech, Companies, Transport, Venture Capital, Search Engine, Silicon Valley, Kim, Andreessen Horowitz


Lyft has plunged 20% since going public, and another Wall Street analyst just came out with a lukewarm view (LYFT)

Lyft received another lukewarm report from a Wall Street analyst. Susquehanna's Shyam Patil initiated coverage on the ride-hailing app with a "neutral" rating due largely to Uber's threat as a larger competitor. Watch Lyft trade live. Lyft's life as the first public ride-hailing company has been dotted with legal drama, a plunging stock, and largely cautious assessments from Wall Street analysts — the latest of which dropped on Wednesday. "While our analysis of unit economics suggests profit...
Tags: Lyft, US, Trends, Bloomberg, Zillow, Securities And Exchange Commission, Susquehanna, Patil, Shyam Patil, Alphabet Snap Twitter


Pinterest's IPO team wants to convince investors that it has more in common with Google than Snap (SNAP)

Pinterest's IPO team wants investors to see the company as a visual search engine in line with Google, according to a source familiar with the pitch. The team has also taken pains to dispel the notion the Pinterest is a social media site or comparable to the photo-sharing app Snapchat, which has sunk in value since it went public in 2017, the person said. Pinterest is expected to go start trading on Thursday on the New York Stock Exchange under the ticker symbol "PINS." Visit Businessinsider.c...
Tags: Google, Facebook, Lyft, Pinterest, US, Trends, Credit Suisse, Evan Spiegel, New York Stock Exchange, Wall Street Journal, Ben Silbermann, Farfetch, Snap, Morgan Stanley Goldman Sachs, GrubHub, Twitter and Facebook


Unpacking Pinterest’s IPO expectations

For seven years, Pinterest has been considered a “unicorn,” boasting a valuation larger than $1 billion since its 2012 Series C funding round. Before that, it was considered an underdog, puzzling some investors with its “digital pinboard” and preference for “quality growth.” Now, as the company takes its final step toward its Thursday NYSE initial public offering, it’s being called an “undercorn.” Pinterest plans to sell shares of its stock, titled “PINS,” at $15 to $17 apiece, less than the ...
Tags: Fundings & Exits, Lyft, Uber, Money, Pinterest, Finance, Ipo, Evernote, Tech, Economy, New York Times, Venture Capital, Square, Search Engine, Silicon Valley, Airbnb


Super raises $20M to fix the home services and repairs market with its subscription service

Home owners in the US spend upwards of $300 billion annually on home repairs and maintenance — a huge sum that often comes with another, more hidden cost: the stress of finding reliable tradespeople, managing those jobs, and (in the worst-case scenario) picking up the pieces if things go wrong. Now, a startup called Super has built what it believes is a “fix” for that problem: a subscription service for maintenance and repair services for your property. Today, it’s announcing a Series B of $20 m...
Tags: Amazon, Verizon, Lyft, Real Estate, England, Collaborative Consumption, Funding, US, Maintenance, Tech, Repair, Aol, Qatar Investment Authority, Liberty Mutual, Home Services, Bay Area


Aptiv takes its self-driving car ambitions (and tech) to China

Aptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las Vegas, Pittsburgh and Singapore. But China is perhaps its most ambitious endeavor yet. Aptiv has never had any AV operations in China,...
Tags: Transportation, Lyft, China, Boston, Singapore, Tech, Automotive, United States, Automation, President, Shanghai, Transport, Automotive Industry, Manufacturing, Las Vegas, Self-driving Cars


Waymo launches robotaxi app on Google Play

Waymo is making its ride-hailing app more widely available by putting it on the Google Play store as the self-driving car company prepares to open up its service to more Phoenix residents. The company, which spun out to become a business under Alphabet, launched a limited commercial robotaxi service called Waymo One in the Phoenix area in December. The Waymo One self-driving car service, and accompanying app, was only available to Phoenix residents who were part of its early rider program,...
Tags: Google, Android, Transportation, Lyft, Uber, Tech, Automotive, Electric Vehicles, Transport, Self-driving Cars, Self-driving Car, Alphabet, Phoenix, Chrysler Pacifica, Chandler, Waymo


Zoom raised its IPO price range and could begin trading Thursday with $9 billion valuation

Video conferencing company Zoom has raised its IPO price range, for a new potential valuation of $8.98 billion. The company plans to sell its shares for between $33 to $35, up from the $28 to $32 range it set last week. Zoom is expected to start trading Thursday on the Nasdaq under the ticker "ZM." Visit Business Insider's homepage for more stories. Zoom raised its IPO price range on Tuesday signaling that demand is high for shares of the video conferencing company, which is expected to start...
Tags: Google, Lyft, Pinterest, Israel, Tel Aviv, Trends, Credit Suisse, Nvidia, Nasdaq, Zoom, Farfetch, McDonald, GrubHub, New York Stock Exchange JPMorgan, Jumia the Alibaba of Africa


Why NYC taxis are having difficulty

If you live in NYC and have taken a taxi, I am sure that it has been an unpleasant experience. Almost every taxi ride I have ever had was terrible. Taxi rides are terrible in different ways. First this is what NYC said taxis should be like: As a livery passenger, you have the right to: Ride in a car that is clean, in good condition, and has passed all required inspections; Be driven by a TLC-licensed driver in good standing whose license is clearly displayed; A safe and courteous driver who obe...
Tags: Lyft, Opinion


Pay For 5 Lyft Rides With A World Elite Mastercard And Get A $10 Monthly Credit

Pay For 5 Lyft Rides With A World Elite Mastercard And Get A $10 Monthly Credit If you take 5 Lyft rides in a calendar month and pay with a World Elite Mastercard you’ll get a $10 credit. You can earn the credit once per month. The credit expires 30 days after it posts to […]
Tags: Deals, Lyft, Mastercard, Car Rentals/Ride Share


Lyft and Uber Mayhem vs. Taxi Line Hell: Which Airport Nightmare Is Worse?

There are few things I dread more when getting off of a long-ass flight than getting back onto a train and waiting another hour or more to make it home—particularly when I fly a red-eye, which is often if I’m flying between the coasts.Read more...
Tags: Lyft, Uber, Science, Airports, Chatroom, Ridesharing, Taxis, Airport Hell


9 easy ways to make money using your car

Owning a car can be costly. Monthly payments, insurance, gas, and maintenance can really add up. There are ways to use your vehicle to defray those costs, including driving for a rideshare service such as Uber and Lyft, delivering groceries, or even loaning out your car to Hollywood. Here are a few of the simplest methods to make money using your existing car. Visit Business Insider's homepage for more stories. Unless you live in a major metropolitan city with a comprehensive (and reliable) p...
Tags: Lyft, Hollywood, US, Trends, Hopskipdrive, New York Auto Show FOLLOW US


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Multiple YouTube viewers tracking the devastating fire at the Notre-Dame Cathedral in Paris reported that live streams and news videos were displaying an information panel related to the September 11 terror attacks in the US. The information panels were automatically triggered as the fire at Notre-Dame Cathedral captured global attention. A New York Times investigation into how Google furnishes law enforcement with phone data e...
Tags: Apple, Google, Facebook, Lyft, Pinterest, Microsoft, India, US, Trends, Eu, Bloomberg, New York Times, Paris, Times, Foxconn, Alexa


The other micro VC allocation model

Shaun Abrahamson Contributor Shaun Abrahamson is a managing partner at Urban Us Ventures and serves on the Investment Committee at URBAN-X. More posts by this contributor How should startups work with city governments? Portfolio co-founder : Our other investors want to participate but our lead wants to take most of the round. Me : OK Portfolio co-founder : So that means pro-rata is going to be tough.   Me : Let’s see what eve...
Tags: Lyft, Tech, USV, Gm, Rakuten, CVC, Fred Wilson, Mark Suster, Greenspring, Shaun Abrahamson, Urban Us Ventures


Lyft adds Citi Bikes to its app for NYC riders

Lyft is going to integrate Citi Bike into its app for some riders in New York City. Lyft acquired bike-share startup Motivate back in July and proceeded to become a one-stop transportation app in three cities in December. Now, it’s ready to do the same in New York. Beginning early next month, Lyft customers in NYC will be able to unlock CitiBikes through the Lyft app. Lyft says it picked New York as its fourth location after Washington, D.C., Los Angeles and Santa Monica, Calif. because Citi ...
Tags: TC, Transportation, Lyft, New York, Washington, Los Angeles, San Francisco, Tech, Bikes, Manhattan, Citi, Santa Monica Calif, Citi Bikes, Julie Wood, New York City Lyft, Motivate Lyft