Tag: Lyft

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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

Lyft share price soars 20% in minutes on taxi app’s stock market debut

The ride-hailing company Lyft made its stock market debut on Friday soaring over 20% in the first few minutes of trading as investors snapped up the first in a series of hotly anticipated tech sales.


March 29, 2019 0

House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess

In Silicon Valley, an open house can be more than an open house. At a six-bedroom, seven-bath home in the town of Menlo Park, a flamenco dancer swirled and a guitarist fingerpicked in a kitchen alcove. Outside, pesto pizza was pulled from the pizza oven. A face painter splotched unicorns on pudgy cheeks. A barista…
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March 27, 2019 0

IPO mania: San Francisco braces for ‘earthquake’ of new tech millionaires

Several big-name tech companies are set to enter the public market, and the speculation over the effects of a crush of overnight millionaires overwhelming the region has reached fever pitch.


March 26, 2019 0