Tag: Business

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

Ridesharing 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:…
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April 18, 2019 0

Uber admits driver ‘dissatisfaction’ and workplace culture are IPO risk factors

When Uber filed the paperwork for its initial public offering on Thursday, the quintessential bad boy startup signaled to the world that it was ready to grow up. In a letter to potential investors, the CEO, Dara Khosrowshahi, acknowledged the “greater responsibilities” the company will take on once it goes public, and promised to act…
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April 12, 2019 0

Uber to share intimate details about company ahead of going public

Ride hailing service Uber is prepared to make public intimate and potentially colorful details about its business on Thursday as it gets ready to become a public company. The 10-year-old company that has fucked the taxi industry will become the latest Silicon Valley “unicorn” – a private company worth over $1bn – to test the…
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April 11, 2019 0

Pinterest pins hopes on cut-price IPO as latest tech ‘unicorn’ goes public

Pinterest, the digital scrapbooking site, has became the latest Silicon Valley “unicorn” to publish details of its plans to go public. The company’s initial regulatory filing would value the company at around $9bn, significantly less than previous valuations but a figure that could change if investors get behind the initial public offering (IPO). Pinterest is…
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April 8, 2019 0

Lyft stalls as shares slip below IPO price on second day of trading

Shares in Lyft, the ridesharing company, stalled on Monday, falling below their initial public offering (IPO) on their second day of trading.

April 1, 2019 0

Stampede of the unicorns: will a new breed of tech giants burst the bubble?

Five years ago Aileen Lee, founder of Silicon Valley investor Cowboy Ventures, coined the term “unicorn” for a private company valued at more than $1bn.

March 30, 2019 0