Posts filtered by tags: Uber Technologies Inc[x]


 

This Estonian Start-Up Has Become a Thorn in Uber’s Side

The Estonian ride-hailing company Bolt is an unexpected success story. The start-up points to Uber’s global challenges.
Tags: Car Services and Livery Cabs, Computers and the Internet, Mobile Applications, Initial Public Offerings, Regulation and Deregulation of Industry, Uber Technologies Inc, Bolt, Markus Villag, Estonia


Uber’s self-driving unit valued at $7.25 billion in new investment: Reuters

Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor ...
Tags: Uber, Softbank, Trends, United States, Toyota, Pittsburgh, Reuters, General Motors Co, SoftBank Group Corp, Tempe, Toyota Motor Corp, Uber Technologies Inc, Committee on Foreign Investment, ATG, Tempe Arizona, CFIUS


Uber’s Self-Driving Cars Are Valued at $7.25 Billion by Investors

A billion-dollar investment is meant to prop up a money-losing unit before Uber makes its pitches ahead of a planned I.P.O.
Tags: News, Toyota Motor Corp, Uber Technologies Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, SOFTBANK Corporation, Driverless and Semiautonomous Vehicles, Denso Corp


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


Uber nears investment deal for self-driving car unit: WSJ

Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Tags: Money, businessNews, Wall Street Journal, WSJ, SoftBank Group Corp, Uber Technologies Inc


Tech Fix: Uber vs. Lyft: Which Ride-Hailing App Is Better?

Here’s a comprehensive comparison of the two services to help you choose your go-to app for hitching rides.
Tags: News, Automobiles, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Initial Public Offerings, Mobile Applications, Customer Loyalty Programs


Lyft Shares Continue to Slide as Short Bets Keep Piling Up

Investors in the ride-sharing company have now seen the stock decline in seven of its 12 trading days since going public late last month. While volatility soon after a trading debut is not unusual, Lyft has already faced particular skepticism about its ability to briskly expand market share and make money. Lyft shares sold off sharply after larger rival Uber Technologies Inc. filed for an initial public offering last week, as investors will soon have another option to bet on the potential of ...
Tags: Lyft, Science, Uber Technologies Inc


He Has Driven for Uber Since 2012. He Makes About $40,000 a Year.

Peter Ashlock has completed 25,000 trips for Uber. As insiders cash in with what may be a $100 billion public offering, he’s on the road to nowhere.
Tags: Freelancing, News, Automobiles, Kalanick, Uber Technologies Inc, Travis, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, Mobile Applications, Labor and Jobs, Taxicabs and Taxicab Drivers, Self-Employment and Independent Contracting, Peter Ashlock


Uber filing lists revenue gains, struggles of food business

Uber Technologies Inc's restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc.
Tags: Money, Ipo, businessNews, Uber Technologies Inc


How Uber and Lyft compare on key financial metrics

Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
Tags: Money, businessNews, Uber Technologies Inc


That's Awkward: Uber's 2016 China Sale Still Waiting on Approval

The landmark deal that sealed Uber Technologies Inc.’s retreat from China, in which it agreed to fold its business into local ride-hailing leader Didi Chuxing in exchange for a stake in the other company, was never approved by China’s State Administration for Market Regulation, according to the U.S. company’s initial public offering filing. “It is not clear how or when that proceeding will be resolved,” Uber said in its filing with the New York Stock Exchange, adding that an eventual ruling cou...
Tags: Science, China, New York Stock Exchange, Uber Technologies Inc, Didi, Didi Chuxing, State Administration


Corrected: How Uber and Lyft compare on key financial metrics

Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
Tags: Money, businessNews, Uber Technologies Inc


Inside SoftBank's push to rule the road

SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Uber Technologies Inc, Masayoshi Son


Factbox: How Uber and Lyft compare on key financial metrics

Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors. [nL1N21T1X3]
Tags: Money, businessNews, Uber Technologies Inc


Uber unveils IPO with warning it may never make a profit

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
Tags: Money, businessNews, Uber Technologies Inc


Uber CEO’s Message in His IPO Letter: ‘I Won’t Be Perfect’

“Facebook was not originally created to be a company,” Mark Zuckerberg wrote in his. Uber Technologies Inc., which filed paperwork Thursday for what could be among the 10 biggest U.S. IPOs of all time, had a different message from someone who wasn’t around until much later in the company’s life. The Uber letter was written by Dara Khosrowshahi, who was hired as chief executive officer in 2017 after a string of controversies forced the co-founder out.
Tags: Facebook, Mark Zuckerberg, Science, Uber Technologies Inc, Dara Khosrowshahi


How Uber and Lyft Compare, in Four Charts

The ride-sharing companies have competed for riders, drivers and investors. Now that Uber has filed for its initial public offering, here’s how the two stack up.
Tags: News, Uber Technologies Inc, Lyft Inc, Company Reports, Car Services and Livery Cabs, Initial Public Offerings


In IPO, Uber reveals 91 million users but slowing growth

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
Tags: Money, businessNews, Uber Technologies Inc


Uber reveals 91 million users but cautions on profitability in IPO filing

Uber Technologies Inc on Thursday revealed its initial public offering (IPO) filing, saying more than 90 million riders used the service worldwide while warning it may never make a profit due to pressure from rivals.
Tags: Money, businessNews, Uber Technologies Inc


A Charity Accepts Uber Stock as Donations. Then Uses It to Pay Staff Bonuses. Is That O.K.?

Entrepreneurs who own stakes in private companies can donate some of their equity to Charity: water. The proceeds will eventually be paid out to the nonprofit’s employees.
Tags: News, Africa, Philanthropy, Nonprofit Organizations, Scott, Harrison, Uber Technologies Inc, Charity: Water, Third World and Developing Countries, WeWork Companies Inc


Lyft's stock slide casts long shadow on Uber's IPO

Uber Technologies Inc may face a cooler reception from investors than expected when it prices its initial public offering next month since smaller U.S. ride-hailing rival Lyft Inc's aggressive stock launch and subsequent fall.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Factbox: Four measures to watch for in Uber's IPO filing

Uber Technologies Inc's initial public offering (IPO) filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Lyft shares hit new low as Uber IPO chatter revs up

Shares of recently listed Lyft Inc fell to a fresh low and closed the day down almost 11 percent on Wednesday on news that rival Uber Technologies Inc was close to filing its own initial public offering.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Uber Is Said to Aim for I.P.O. Valuation of Up to $100 Billion

The ride-hailing giant gave some investors an initial estimate of its public market valuation, which ranged from $90 billion to $100 billion.
Tags: News, Uber Technologies Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings


Exclusive: Uber plans to sell around $10 billion worth of stock in IPO - sources

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering (IPO), and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday.
Tags: Money, businessNews, Uber Technologies Inc


Uber, ahead of IPO, sees some time before self-driving cars dominate the road

Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public.
Tags: Money, businessNews, Uber Technologies Inc


Uber scientist says some time before self-driving cars dominate the road

Uber Technologies Inc believes it will take a long time for self-driving cars to be used at scale but the technology will save lives, the chief scientist at its self-driving car unit said on Monday.
Tags: Money, businessNews, Uber Technologies Inc


Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things. Ola co-founder Bhavish Aggarwal is fighting to maintain his independence against SoftBank Group Corp. The Japanese conglomerate, led by Masayoshi Son, was an early backer of Ola, but Aggarwal has grown concerned about its influence as SoftBank took a stake in his archrival, Uber Technologies Inc., and ...
Tags: Science, Softbank, Ola, SoftBank Group Corp, Uber Technologies Inc, Masayoshi Son, Bhavish Aggarwal, Aggarwal


Pinterest seeks $15-$17 per share in IPO, below last private valuation: Reuters

Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public offering of 75 million shares, valuing it below the $12 billion at which the online image-search company sourced its last fundraising in 2017. At the upper end of its target range, the company could have a market valuation of about $11.30 billion and could raise $1.3 billion in net proceeds, taking into account restricted stock units and options. Reuters had reported in January Pinterest, which plans to list...
Tags: Lyft, Pinterest, Ipo, Trends, IPOs, New York Stock Exchange, Levi Strauss, Reuters, Uber Technologies Inc, Lyft Inc, Pinterest Inc, Benjamin Silbermann, U S Securities and Exchange Commission Pinterest