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Carl Icahn Weighs In On His $100 Million Lyft Investment
Tuesday, May 19, 2015 - 4:30pm | 343Read More...Icahn Enterprises LP (NASDAQ: IEP) chairman Carl Icahn recently invested $100 million in ride-sharing company Lyft. Icahn was on CNBC Tuesday to explain why he made that investment. Secular Change In How People Travel “I think that area, you don’t have to be a technology genius to...
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Report: Uber Gets In (Long) Line To Bid On Nokia's Maps Unit
Monday, May 18, 2015 - 6:39pm | 494Read More...Uber Technologies Inc. joined a long list of companies on Monday that are rumored to be bidding on Nokia Corporation (ADR) (NYSE: NOK)'s maps unit valued at up to $4 billion. The ride-sharing startup is said to be partnering with China-based search engine provider Baidu.com, Inc. (NASDAQ:...
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GSV Capital Shares Gain On Carl Icahn's Lyft Investment
Friday, May 15, 2015 - 12:03pm | 328Read More...GSV Capital Corp (NASDAQ: GSVC) rose nearly 2 percent Friday after investor Carl Icahn disclosed a $100 million investment in the ride-sharing startup Lyft Inc. GSV, a closed-end management investment company, had about 3.7 percent of its assets invested in Lyft as of March 31, and valued...
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NYSE Group President: There's A Significant Trend Emerging In IPOs
Monday, May 11, 2015 - 3:21pm | 401Read More...The equity markets are trading at their highs, but the place where valuations have gone over the roof is the private markets. Venture and private equity firms have been awarding record valuations to start-ups and new companies, thereby delaying their public market listing. NYSE Group President...
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Is Yahoo Still The Leading Suitor For Yelp?
Friday, May 8, 2015 - 1:34pm | 711Read More...Shares of Yelp Inc (NYSE: YELP) continued to surge on Friday. Shares gained momentum Thursday after the Wall Street Journal reported the company is exploring a sale and has hired investment bankers to field potential offers. The publication did not mention any specific companies that could be...
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Would Uber Buy Nokia's Here Mapping Service For $3 Billion?
Friday, May 8, 2015 - 9:33am | 283Read More...Nokia Corporation (NYSE: NOK) has already indicated it is exploring a sale of its mapping business, Here, which has drawn interest from automakers including Audi, BMW and Mercedes-Benz. At the same time, The New York Times reported that Uber may also be entering a potential bidding war. The German-...
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IPO Outlook: API-Focused Software Tech Company Apigee Is A Silent Growth Story
Tuesday, April 21, 2015 - 1:50pm | 1237Read More...Apigee Corp (NASDAQ: APIC), the rapidly growing software developer based in San Jose, plans its $105 million initial public offering Friday. The company expects to price its shares between $16 and $18. Pricing at the midpoint would value Apigee at $495 million in terms of market cap. The company...
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Here's Why Uber Hurts Rent-A-Cars' Ability To Hike Prices
Thursday, April 9, 2015 - 4:29pm | 342Read More...The growing popularity of car sharing services like Uber and Lyft among business users has hurt the ability of traditional car rental services to raise prices, an analyst said Thursday. Morgan Stanley's Adam Jonas said car rental companies' share of expensed business trips has fallen to...
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Intel-Altera Deal 'Makes Sense,' Intellectual Property Not 'Fairly Valued'
Friday, March 27, 2015 - 4:44pm | 571Read More...Altera Corporation (NASDAQ: ALTR) was halted briefly before the market close after a rumor claimed the company could be acquired by Intel Corporation (NASDAQ: INTC). Altera ultimately closed up 28.39 percent. Intel was up 6.38 percent at the market close. Both firms have since declined less...
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Is Mark Cuban Right About 2015's Tech Bubble? Analysts Weigh In
Thursday, March 5, 2015 - 7:12pm | 536Read More...Famed investor Mark Cuban thinks that the tech industry is in a worse bubble than the one it endured in 2000. Analysts concur with this assessment, but that's where their agreements end. "I think he's right on," Sean Udall, CIO of Quantum Trading Strategies and author of The...
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Could Waffles Be The Future Of Logistics?
Tuesday, February 24, 2015 - 11:55am | 290Read More...Ride-sharing startup Uber has sparked a heated battle in the logistics space as startups and established brands vie to design a service that gets products from A to B cheaper and faster than ever before. Startup Roadie Inc. is one such contender, whose service allowing travelers to double as...
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Uber Makes The Best Of A Ban In Spain
Monday, February 23, 2015 - 12:32pm | 363Read More...After being banned from providing its taxi service throughout Spain in December, Uber has decided to maintain its presence in the country by rolling out a food delivery service in Barcelona. Spanish officials have called on telecommunications companies to block access to Uber’s website...
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Snake Robot Researchers Are Coming To Detroit! Auto Analysts React
Tuesday, February 10, 2015 - 11:28am | 417Read More...Earlier this month, Uber announced a partnership with the Carnegie Mellon Robotics Institute to create new autonomous car technology. Morgan Stanley makes its position clear this morning: This will be revolutionary. Morgan Stanley points to the CMRI’s research interests (snake robotics...
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Dawn Of Self-Driving Taxi Wars: Uber And Its Investor Google Both Zoom Ahead
Tuesday, February 3, 2015 - 2:51pm | 466Read More...Rumors of tech giant Google Inc (NASDAQ: GOOGL)(NASDAQ: GOOG) working on a ride-sharing app are doing the rounds, which comes as a surprise as the company is a prominent investor in arguably the biggest ride-sharing company, Uber. However, instead of fretting over that, Uber has upped the ante by...
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This Startup Cold Called Netflix, T-Mobile, Delta... And Won
Tuesday, January 20, 2015 - 7:04pm | 588Read More...Cold calling typically has a bad reputation. Yet, on the rare occasions, this practice can be undeniably fruitful. Look no further than Sparkcentral for evidence of such an instance. The customer engagement startup has attracted a number of high-profile clients, including Netflix, Inc. (NASDAQ...













