uber Uber's Stock Market Debut Falls Short of Lofty Expectations Uber opens below its IPO price and closes down 7.6 percent on its first day of public trading. Despite the disappointing debut, the ride-hailing giant secures billions in new capital.
uber Uber IPO Records Worst Dollar Loss for U.S. Debut Since 1975 Uber makes unfavorable history as its first day of public trading sees a 7.6% drop, resulting in over $600 million in paper losses for IPO investors.
uber Uber Drivers Protest Low Pay Ahead of Highly Anticipated IPO Ride-hailing drivers in multiple major cities go on strike just before Uber makes its stock market debut, demanding better wages and working conditions. The protests highlight the ongoing debate over gig economy labor practices.
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.
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.
uber Uber Faces Major Australian Class Action Over Alleged Illegal Operations Around 6,000 Australian taxi and hire car drivers are suing Uber, claiming the ride-hailing giant's past unlawful operations caused severe drops in their income and license values.
uber Uber Targets $84 Billion Valuation in Landmark IPO as PayPal Invests $500 Million Uber sets its IPO price between $44 and $50 per share to raise up to $9 billion, while revealing a surprise $500 million private investment from PayPal. The ride-hailing giant also warns investors of a projected $1 billion first-quarter loss.
tesla Tesla Bets Big on Self-Driving Tech and Robotaxi Network Tesla outlines its ambitious plan to activate self-driving software in over a million vehicles and launch a driverless ride-hailing service to rival Uber.
anthony levandowski Anthony Levandowski Discusses Autonomous Driving Future in New Pronto.AI Interview Former Google engineer Anthony Levandowski sits down with TechCrunch to discuss autonomous vehicles and his latest venture, Pronto.ai. The interview explores his return to the startup world following his central role in the high-profile Uber and Waymo legal dispute.
uber Uber Spins Out Self-Driving Unit ATG After $1 Billion Investment Uber separates its unprofitable Advanced Technologies Group into a standalone entity after securing $1 billion from Toyota, Denso, and SoftBank. The strategic move improves Uber's financial outlook ahead of its massive public offering.
uber Uber Pours $457 Million Into Self-Driving and Flying Cars Ahead of IPO Uber's IPO prospectus reveals a massive $457 million investment in autonomous vehicles and flying cars last year. Despite this heavy spending, the company admits it will rely heavily on human drivers for the foreseeable future.
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.
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.