Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the “Amazon of transportation” in a future where people share instead of owning vehicles.
Lyft filed documents Friday for its stock offering, racing ahead of ride-sharing rival Uber for a Wall Street listing that sets the stage for a series of big venture-backed tech firms to hit public markets. The initial public offering (IPO) filing offered the first glimpse of Lyft’s finances and showed the San Francisco firm lost […]
Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.
Uber Technologies Inc and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.
Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned on Tuesday, Chief Executive Dara Khosrowshahi said, following an investigation into how she handled allegations of racial discrimination at the ride-hailing firm.