Tag: Uber

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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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August 14, 2021 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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August 13, 2021 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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August 13, 2021 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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August 13, 2021 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.


August 12, 2021 0

Samantha Josephson: father of murdered student vows to improve ridesharing safety

The father of a University of South Carolina student who police say was kidnapped and killed after she got into the wrong car thinking it was her Uber has promised to dedicate his life to improving the safety of ridesharing services.


August 12, 2021 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.


August 12, 2021 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.


August 11, 2021 0