The ride-hailing company’s market debut — now expected to value it at $86 billion — has become an exercise in gently deflating expectations. Source: NYT > Business –
They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.
Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock market. Source: NYT > Business – KATE CONGER
Uber Said to Plan to Price I.P.O. at Midpoint of Range
At the midpoint, $47 a share, Uber would be valued at about $86 billion — well below the $100 billion that the company had forecast last month. Source: NYT > Business – MICHAEL J. de la MERCED and MIKE ISAAC
Drivers Start Strikes Ahead of Uber’s Blockbuster I.P.O.
A walkout by Australian drivers began a series of planned work stoppages around the world to protest wages and work conditions of ride-hailing services. Source: NYT > Business – KATE CONGER and VICKY XIUZHONG XU
Drivers Start Strikes Ahead of Uber’s Blockbuster I.P.O.
A walkout by Australian drivers began a series of planned work stoppages around the world to protest wages and work conditions of ride-hailing services. Source: NYT > Business – KATE CONGER and VICKY XIUZHONG XU
Lyft’s First Results After I.P.O. Show $1.14 Billion Quarterly Loss
The ride-hailing company’s revenue nearly doubled for the quarter, while its loss was driven by a hefty charge for its stock-based compensation plan. Source: NYT > Business – KATE CONGER