Uber and Lyft plan to give their longest-serving or most-active drivers access to stock in their IPOs
Ride-hailing companies Uber Technologies Inc. and Lyft Inc. are planning to give some drivers the chance to take part in their initial public offerings, a rare move that would grant them access to two of the most hotly anticipated IPOs ever.
Both Uber and Lyft’s IPOs will include programs that would give some of their most-active or longest-serving drivers a cash award with an option to put it toward stock in the IPOs, according to people familiar with the matter. It is typically hard for an ordinary investor to buy a company’s...Uber and Lyft are both revving up for two of the most anticipated IPOs of 2019. In three rounds, we look at which company will be a better bet for investors.
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L.A. County weighs a tax on Uber and Lyft to curb traffic congestionMetro officials will vote Thursday on whether to study taxing Uber and Lyft rides that start in Los Angeles County. A 20-cent fee on each trip could bring in $401 million over a decade for transportation projects, while a $2.75 fee on such trips could raise $5.5 billion, according to Metro.
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Taxing Uber and Lyft rides is L.A. County's latest idea to free up congested roadsMetro officials will vote Thursday on whether to study taxing Uber and Lyft rides that start in Los Angeles County. A 20-cent fee on each trip could bring in $401 million over a decade for transportation projects, while a $2.75 fee on such trips could raise $5.5 billion, according to Metro.
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MongoDB shares plunge on concerns that Lyft could be moving to rival Amazon serviceAmazon said on Tuesday that Lyft is going 'all-in' with AWS, and an analyst raised concerns that Lyft is migrating away from MongoDB.
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Pinterest files confidentially for IPO, expected to seek valuation of at least $12 billion: WSJPinterest joins other tech companies like Lyft, Uber and Postmates that are all expected to go public this year.
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BMW, Daimler Join Forces In $1.1 Billion Ride-Hailing, Car-Sharing DealBMW and Daimler are combining for a joint venture funded by $1.1 billion to compete with Uber, Lyft and other ride-sharing firms
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