The ride-hailing giant’s earnings report raised questions about where the company will find new growth and if it can ever make money. Source: NYT > Business – Kate Conger
Luckin, an Unprofitable Chinese Rival to Starbucks, Seeks U.S. Money
A successful initial public offering by the fast growing, big spending coffee company would buck the recent trend of weakness among tech start-ups in China. Source: NYT > Business – ALEXANDRA STEVENSON
Pinterest Posts Narrower Loss, but Falls Short of Wall St. Estimates
The digital pinboard company’s stock price tumbled in after-hours trading after its first earnings report as a public company. Source: NYT > Business – ERIN GRIFFITH
DealBook Briefing: How Uber Bombed
The story of Uber’s disappointing I.P.O. is a tale of mismanaged expectations with plenty of blame to go around. Source: NYT > Business –
How the Promise of a $120 Billion Uber I.P.O. Evaporated
Uber’s offering was supposed to be a crowning moment for the ride-hailing company. But it suffered setback after setback and ultimately resulted in pointed questions for all involved. Source: NYT > Business – MIKE ISAAC, MICHAEL J. de la MERCED and ANDREW ROSS SORKIN
WeWork Continues to Lose Money Ahead of Potential I.P.O.
The losses, $264 million in the first three months of the year, reflect the willingness of the company to continue its global expansion efforts. Source: NYT > Business – MICHAEL J. de la MERCED