Uber

Ridesharing giant Lyft (NASDAQ: LYFT) is going public this week at an estimated valuation of at least $20 billion. This is just weeks before the anticipated IPO of larger competitor Uber, which is valued at around $120 billion. Palantir ($41 billion valuation), Airbnb ($31 billion valuation) and...

Ahead of a planned initial public offering in the coming months, ride-hailing company Uber spent $3.1 billion to buy Middle Eastern rival Careem. What Happened Uber and rival Lyft's story is a tale of "David versus Goliath," tech investor Ann Winblad told CNBC Tuesday. While some...

Good day, Uber Technologies Inc. has confirmed reports that surfaced over the weekend about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region. In a development late Monday night, Uber said it will be paying $1.4 billion...

Uber Technologies Inc. has confirmed reports that surfaced on March 24 about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region, and right in time for its initial public offering (IPO), which is expected this year. In a...

In a surprising move during the run-up to its initial public offering (IPO), Uber is reportedly in talks with its Middle Eastern on-demand cab hailing rival Careem to buy it for $3.1 billion, in a deal that is expected to be finalized early this week. Careem, which broke into the unicorn-club (...

In the battle for rideshare supremacy, Lyft has been the quintessential second-mover to its rival Uber. Lyft which is hosting its IPO roadshow this week, appears likely to beat Uber to the public market in a massive $23-billion IPO, but an analyst tells Benzinga that until both companies can prove...

Uber is planning on following competitor Lyft in launching a road show ahead of a potential IPO in the coming weeks, Reuters reported Thursday. Sources familiar with the situation said Uber is planning to publicly file its required S-1 disclosure sometime in April. What Is A Roadshow? An IPO...

Lyft plans to launch the roadshow this week leading up to one of the largest and most highly anticipated IPOs in recent years. Here’s a look at what an IPO roadshow is and what investors can expect. What's A Roadshow? The first steps in conducting an IPO are for the company going public...

Commercially viable autonomous vehicle (AV) technology is proving more difficult to develop than many expected at earlier stages in the hype cycle. This week, media outlets reported that both Alphabet Inc (NASDAQ: GOOGL) and Uber are seeking outside capital to help fund the companies'...

According to court documents unsealed last week, Uber envisioned running 75,000 autonomous vehicles in commercial applications across a geographic spread of 13 cities – all by 2022. These extrapolations date back to 2016, and are part of the cache of documents that have been submitted by...

If Google offered a banking product, would you sign up?  The biggest threat of disruption in the banking industry may not come from fintech firms, but large technology companies. Companies like Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN) or Alphabet Inc (NASDAQ: GOOG) may...

Lyft, the San Francisco-based ride-hailing startup, filed documents with the Securities Exchange Commission for its initial public offering of equity. The number two ride-sharing company in the United States filed for an initial offering of $100 million—a number that will change as fees are...

Ride-hailing rivals Uber Technologies and Lyft are gearing up to go public and are pursuing ways for their drivers to participate in the planned IPOs, The Wall Street Journal reported. What Happened Uber and Lyft are looking to reward some of their most active or longest-serving drivers with a cash...

Pinterest, the social media platform that allows users to "pin" images or videos to their boards, is aiming for an initial public offering in 2019, according to The Wall Street Journal. What Happened Pinterest confidentially submitted paperwork with the Securities and Exchange Commission...