Search Results for:Eric Newcomer

Uber’s revenue growth loses steam as quarterly loss surges to $1.1b

It’s a troubling sign for a serially unprofitable business that hopes to get valued like a technology company in a planned initial public offering next year.

How going public might be the only way for Uber to dilute its deep Saudi link

The best hope for resolving Uber’s Saudi stigma, insiders said, is for the company to go public, giving it more latitude to reshape its board. Public companies have little control over their investors, potentially absolving Uber of some of the blame for an autocratic bedfellow.

Ahead of IPO, Uber signals there’s more to it than ride-hailing

As it preps for its IPO next year, Lyft has been stressing its gains in ride-hailing. Uber, meanwhile, is trumpeting just about everything else.

Top banks queue up as Uber, Lyft firm up plans for 2019 listing

Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company could produce one of the most valuable offerings ever.

Scooter startups Lime and Bird look for new funding with loftier valuations

They’ve both raised hundreds of millions of dollars. But that isn’t stopping them from looking for new financing with even loftier valuations.

Uber in early discussions to acquire Europe’s Deliveroo

Uber CEO Dara Khosrowshahi has made the company’s food-delivery business a top priority ahead of a planned IPO in the second half of 2019.

Lyft said to start process to prepare for 2019 IPO

Lyft plans to begin taking pitches from banks as soon as September, targeting March or April for the listing.

Toyota to invest $500m in Uber to forge self-driving car partnership

The deal reportedly values the US ride-hailing giant at $72 billion.

Uber CEO puts growth above profit, taps new businesses

Khosrowshahi is searching for new businesses. In the last few months, Uber bought a startup that rents electric bicycles, invested in another one that rents electric scooters and went to work on its own scooter-rental business.

Otto’s Lior Ron returns to Uber to head ride-hailing giant’s freight division

Ron is returning to Uber following a months-long, behind-the-scenes negotiation to rework the terms of Uber’s deal to acquire Otto Trucking.