Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses sinc...
- Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
Before going public, Uber lowered its valuation expectations twice in two months to address investor concerns over the company’s mounting losses, and priced its initial public offering at the low end of the targeted range. “The current narrative relating to the social economic nature of the ride-hailing segment is negatively having an impact on the shares of both UBER and LYFT,” said Zephirin Group analyst Lenny Zephirin.
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Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission.
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Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers on global strike to improve wages and working conditions just two days ahead of Uber's monster IPO.
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Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers around the world are striking on Wednesday to improve wages and working conditions just two days ahead of Uber's monster IPO that could generate $80 million to $90 million. The hours drivers plan to strike vary by location but will span from New York to Atlanta to Tokyo. In
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Lyft shares hit record low, piling pressure on Uber ahead of IPOLyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ...
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Uber valued at $82 billion in IPO as market jitters, Lyft woes weighUber Technologies Inc priced its initial public offering on Thursday at the low ...
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Lyft hits record low as Uber slumps in Wall Street debutLyft hits record low as Uber slumps in Wall Street debut See the two rivals, side-by-side via ReutersGraphics
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Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
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Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States.
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Breakingviews - Lyft takes some gas out of Uber’s IPOOn Breakingviews – Lyft is likely to take some gas out of Uber’s IPO by tombuerkle
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Lyft shows large losses in first earnings since IPO, but sales beat expectationsLyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses even...
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Lyft takes some gas out of Uber’s IPOThe smaller ride-hailing app beat revenue estimates with its first post-listing results and burned less cash. But growth is slowing, making profit a more distant goal for the $17 bln firm. That, and a fresh wobble in the stock, flash a hazard light for its big rival’s offering.
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