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.
uber Uber Seeks Up to $1 Billion for Self-Driving Unit Ahead of IPO Uber negotiates a massive funding round for its autonomous vehicle division, aiming for a valuation up to $10 billion. The deal helps boost the company's public image as it prepares for its initial public offering.
uber Uber Burned $20 Million Monthly on Unrealistic Self-Driving Goals Newly unsealed court documents reveal that Uber spends a massive $20 million a month on its self-driving division while chasing highly speculative targets of 75,000 autonomous vehicles.
uber Arizona Prosecutor Clears Uber of Criminal Liability in Fatal Self-Driving Crash An Arizona prosecutor rules that Uber holds no criminal responsibility for the 2018 death of a pedestrian struck by one of its autonomous test vehicles. The decision follows a thorough review of the evidence surrounding the tragic incident in Tempe.
uber Arizona Prosecutor Clears Uber of Criminal Liability in Fatal Self-Driving Crash A Yavapai County prosecutor determines that Uber holds no criminal responsibility for the 2018 death of a pedestrian struck by one of its autonomous test vehicles. The decision follows a thorough review of the evidence surrounding the tragic incident in Tempe.
uber Prosecutors Clear Uber of Criminal Liability in Fatal Arizona Self-Driving Crash Yavapai County prosecutors determine Uber holds no criminal responsibility for the 2018 autonomous vehicle crash that killed a pedestrian in Tempe, Arizona. The case now shifts focus to the backup driver, who reportedly was streaming video on her phone during the incident.
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.
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.
uber Uber Rolls Out Rider Loyalty Program With Tiers and Upgrades Uber launches its new Rewards loyalty program in 25 U.S. cities, offering perks like free upgrades and price protection based on user spending over the last six months.
uber Uber Forms Micromobility Robotics Team for Self-Driving Scooters Uber is developing autonomous bikes and scooters under its new Micromobility Robotics division. The initiative aims to have vehicles drive themselves to charging stations and high-demand areas.
ipo 2019 Unicorn IPO Outlook: Eyes on Uber and Lyft Experts predict 2019 will be another strong year for tech IPOs with all eyes on Uber and Lyft.
ipo Government Shutdown Delays Highly Anticipated 2019 Tech Unicorn IPOs The ongoing government shutdown forces major tech companies like Uber and Lyft to postpone their planned public debuts. Meanwhile, startups like Postmates and N26 continue to secure massive private funding rounds.
uber Uber Partner Bell Helicopter Reveals Flying Taxi Design at CES 2019 Uber partner Bell Helicopter reveals a full-scale model of its Nexus hybrid-electric flying taxi at CES 2019.
uber Uber Safety Driver Streamed Hulu During Fatal Self-Driving Crash A newly released police report shows the Uber safety driver involved in a fatal Arizona crash watches a streaming video on her phone for nearly a third of the test drive. Authorities state the driver could have avoided the collision if she kept her eyes on the road.
uber Police Report Finds Uber Safety Driver Streamed Show Before Fatal Crash A newly released police report reveals that the Uber safety driver involved in a fatal self-driving car crash is streaming a television show on her phone. Authorities state that the tragic collision is entirely avoidable if the driver pays attention to the road.