uber Uber Drivers Strike Worldwide Over Low Pay Ahead of Massive IPO Ride-hailing drivers across the globe log off their apps to protest unfair wages and working conditions just days before Uber's highly anticipated public offering.
waymo Waymo and Lyft Join Forces to Launch Robotaxis in Phoenix Waymo integrates ten self-driving vehicles into the Lyft app to expand its commercial robotaxi service in Phoenix.
lyft Lyft Posts Massive $1.14 Billion Loss in First Public Earnings Report Ride-hailing giant Lyft reveals a $1.14 billion first-quarter loss driven largely by IPO-related stock compensation, despite beating revenue expectations. The company projects continued heavy losses as it prioritizes long-term growth over near-term profitability.
uber Ride-Hailing Drivers Strike Against Uber and Lyft Ahead of Major IPO Uber and Lyft drivers across the U.S. and London log off their apps to protest low wages and poor working conditions just days before Uber's public debut. The strikers demand job security, transparent pay, and an end to gig economy exploitation.
pinterest Pinterest Prices IPO Above Range Despite Lyft's Weak Debut Pinterest prices its initial public offering at $19 per share, raising $1.4 billion and achieving a $12.6 billion market cap. The visual search engine moves forward despite recent market jitters caused by Lyft's underwhelming stock performance.
aptiv Aptiv Brings Self-Driving Tech to China with New Shanghai Center Aptiv opens an autonomous mobility center in Shanghai, marking its fifth global market for self-driving operations. The company plans to test vehicles on public roads by late 2019 and is seeking local partners for mapping and deployment.
uber Uber Files S-1 for NYSE Debut in Potential $120 Billion IPO Uber releases its official IPO prospectus to list on the New York Stock Exchange under the ticker "UBER." The ride-hailing giant reports $11.27 billion in 2018 revenue and prepares for a May public debut following Lyft's recent market entry.
startups U.S. Startups Raise $30.8 Billion in Record Q1 Funding Surge U.S. startups collect $30.8 billion in Q1 2019, driven heavily by massive late-stage financings. Meanwhile, newly public companies like Lyft face early stock market turbulence.
lyft Lyft Debuts on Nasdaq With Strong Pop Despite Record Losses Lyft makes its public debut on the Nasdaq with a 21 percent pop in its opening price, valuing the ride-hailing company at $24 billion. The highly anticipated IPO sets the stage for upcoming gig economy offerings like Uber.
lyft Lyft Debuts Strong on Nasdaq With a $26.6 Billion Valuation Lyft concludes its first day of trading up 8.7%, securing a massive market cap despite reporting nearly a billion dollars in net losses. The successful launch sets a positive stage for upcoming tech IPOs like Uber and Pinterest.
lyft Lyft Prices IPO at $72 Per Share to Reach $20.5 Billion Valuation Lyft officially prices its initial public offering at the top of its expected range, valuing the ride-hailing company at over $20 billion. The stock begins trading Friday as the first of several major tech start-ups to go public this year.
lyft Lyft Sets $62 to $68 Price Range Ahead of Nasdaq Debut Ridesharing company Lyft officially starts its IPO roadshow with plans to trade on the Nasdaq under the ticker LYFT. The offering aims to raise up to $2.1 billion despite the company reporting significant net losses.
lyft Lyft Files for IPO With $2.2 Billion Revenue and Growing Losses Ride-hailing company Lyft officially files its S-1 to go public on the Nasdaq, revealing massive revenue growth alongside nearly $1 billion in net losses for 2018. The highly anticipated debut values the company at over $20 billion as it competes against rival Uber.
softbank SoftBank Faces Backlash Over Chaotic Strategy As Pinterest and Lyft Prep IPOs Limited partners voice concerns over the SoftBank Vision Fund's chaotic decision-making and inflated valuations, raising ethical questions for portfolio startups. Meanwhile, Pinterest and Lyft take steps toward highly anticipated public offerings.
uber Uber Files Lawsuit Against New York City Over Ride-Hailing License Cap Uber challenges New York City's year-long cap on new ride-hailing driver licenses in a newly filed lawsuit. The company seeks to overturn the restriction, which city officials implemented to reduce congestion and protect traditional taxi drivers.