Tag Archive Uber

ByCab4Now.com

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

Pinterest, 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 regulatory filing.

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ByCab4Now.com

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: increasing prices while short-changing drivers.

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ByCab4Now.com

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 with “passion, humility, and integrity”.

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ByCab4Now.com

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 stock markets appetite for loss-making tech companies.

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ByCab4Now.com

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 the second of a herd of unicorns – private companies valued at over $1bn – now stampeding to list on the US stock markets.

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