After a few big unions held talks on limiting employment protections for the companies’ workers, other labor leaders denounced the idea. Source: NYT > Business – Noam Scheiber
Lyft and Uber Were Duds, but the I.P.O. Market Is Having a Great Year
Despite all the hype and excitement, questions have hung over these I.P.O.s: What would the appetite be among investors? Source: NYT > Business – Stephen Grocer and Erin Griffith
The Week in Business: A Surprise Tariff War, and the Future of iPhone Screens
Plus, Uber will give rude customers the boot, and a victory for gender-neutral parental leave. Source: NYT > Business – Charlotte Cowles
Passengers May Pay a Lot More. Drivers Won’t Accept Much Less.
When you think through the economics, it appears that passengers are likely to face a more expensive future on Uber and Lyft. Source: NYT > Business – Austan Goolsbee
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