The initial public offerings of Uber Technologies Inc. and rival Lyft Inc. stand to enrich early investors. But for customers of these ride-hailing services, the IPOs might eventually cost them money.
Uber and Lyft have battled each other for years in a price war that wildly undercut taxicab fares, thanks to billions of dollars in venture capital that subsidized the lower prices and supported the companies’ massive losses.With Lyft making its Wall Street debut, WSJ's Lee Hawkins outlines the three biggest challenges the ride-hailing service will face in the next 12 months.
lyft AskLyft I hope lyft introduces special rates for educators and schools education educause HuffPostCollege HigherEdSurge edtechtimes 🙏🏾🎓🙏🏾
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Google steers Uber and Lyft from the back seatThe search giant’s parent Alphabet has multiplied its investment in the two ride-hailing apps, and reaped $1 bln in maps and marketing spend. Uber and Lyft’s rivalry will keep filling Google’s tank with ad dollars, even as Alphabet’s self-driving tech threatens their existence.
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Uber says it fixed electric bikes that had similar problems to bikes Lyft recalledUber acknowledged Monday that it modified some of its electric bikes recently after the company encountered a braking problem similar to the one that prompted rival Lyft to recall its own electric bikes in several cities over the weekend. Use 215 get a 🚖 - to the best of my knowledge - they don't use 🚲. brakes are important +20 Uber Lyft
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Gig-economy workers like Uber and Lyft drivers may be skewing low unemployment numbersWage growth has slowed because unemployment numbers do not account for gig economy workers, according to a Federal Reserve regional bank.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What Uber's IPO Reveals About Uber Freight's Marketplace Opportunity Is Highly MisleadingUber has a very powerful brand name. It undoubtedly contributed to Uber Freight's growth. But if this was a stand-alone prospectus for just Uber Freight, and if the Freight division did not carry the name 'Uber,' who would be foolish enough to invest in them?
Source: Forbes - 🏆 394. / 53 Read more »
A Silicon Valley VC says a group of tech companies are quietly blowing away expectations while the spotlight shines on splashy IPOs like Lyft and PinterestThe enterprise software sector remains the 'bread and butter' of venture-capital investing, said Jai Das, the president of Sapphire Ventures.
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Lyft might eventually make money — but it could take 7 years to get there, analyst saysOne analyst who recently initiated Lyft coverage said it could turn a profit at some point, estimating a seven-year time horizon is likely.
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Mastercard's new rewards could boost spend and attract partnersMastercard is launching new rewards offerings for World and World Elite cardholders that could help increase spend on the network.
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Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft strugglesPinterest Inc's initial public offering set the online scrapbook company&0... You spend with Hawaii hollowness baby alon and you said what I mean OMG WHY. I literally can't get Pinterest to do anything useful & to see images full size I need to re-find them with Google image search because the Pinterest pages refuse to permit it
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