Eric Newcomer

Lyft seeks to raise up to $2.1b at near $20b valuation in biggest US IPO

Including the money Lyft is expecting to raise from the IPO as well as some likely dilution of shares, its total valuation could be $21-23 billion.


Uber in talks with SoftBank, others for $1b investment in self-driving unit

Selling a stake in the self-driving business would allow Uber to offload part of a very expensive endeavor, as it faces scrutiny from prospective investors in an IPO planned for the coming months.


Uber’s new virtual restaurant venture pits it against former CEO Kalanick

Uber is testing a program where it rents out fully equipped, commercial-grade kitchens to serve businesses selling food on delivery apps like Uber Eats.


Uber said to be in advanced talks to acquire Dubai-based rival Careem

The companies may announce a cash-and-shares transaction that values Careem at about $3 billion in the coming weeks.


Lyft filing could kick off strong pipeline of high-profile tech IPOs

A wave of IPO news has followed with Slack, Pinterest and Postmates all moving closer to listings of their own.


Scooter rental startup Lime hires Morgan Stanley banker as CFO to lead fundraising efforts

Lime plans to follow the Uber playbook of persistent private fundraising, in a bid to establish itself as the dominant player for electric-scooter rentals.


Uber revenue growth slowdown, losses cast shadow on upcoming IPO plans

Like many unicorns, San Francisco-based Uber is emphasizing growth over profits.


Uber, Lyft receive IPO feedback ahead of another potential shutdown

Both Uber and Lyft are closely watching whether another shutdown will go ahead at the end of this week as they prepare for IPOs later this year.


Lime, Bird said to raise millions in new funding at far lower valuation

New funding rounds for Lime and Bird value the California-based companies at about $2 billion, down from the roughly $3 billion-or-higher valuations they were said to be chasing as recently as a few months ago.


SoftBank drops plan to pick controlling stake in WeWork, to make smaller $2b investment

SoftBank, which has already invested more than $8 billion in WeWork, had discussed potentially spending $16 billion to buy a larger position in the company.