Markets

Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.

Uber reports third-quarter results after market close on Monday, November 4. After Lyft’s rosy results, Wall Street is expecting that Uber will have a similarly strong quarter as the competitive landscape cools for both ride-sharing companies Still, analysts caution investors that Uber’s post-initial public offering lockup period expires November 6, […]
Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.
Markets

The man who runs the $100 billion SoftBank Vision Fund dismisses the idea that his firm values companies too high — even after Uber and WeWork have struggled to live up to extreme valuations

SoftBank Investment Advisors CEO Rajeev Misra, who oversees the $US100 billion Vision Fund, denied that the fund overvalues companies in a rare interview with the Nikkei Asian Review. Misra said the short-term price doesn’t matter if the company is successful in the long run. Softbank has come under fire after […]
The man who runs the $100 billion SoftBank Vision Fund dismisses the idea that his firm values companies too high — even after Uber and WeWork have struggled to live up to extreme valuations
Markets

Lyft is wildly unprofitable and lost $911 million last year — here’s how other unprofitable companies fared after they went public

Lyft went public Friday at a valuation of more than $US20 billion despite recording heavy losses ahead of its initial public offering. Several other money-losing tech companies, like Uber and Pinterest, are preparing IPO filings. Markets Insider has compiled several examples of money-losing tech firms going public – they range […]
Lyft is wildly unprofitable and lost $911 million last year — here’s how other unprofitable companies fared after they went public
Strategy

How Lyft’s cofounders, Logan Green and John Zimmer, went from organising carpools on college campuses to running a ride-hailing company worth $29 billion

Logan Green and John Zimmer cofounded Lyft, then called Zimride, in 2008 after meeting on Facebook. Zimride started out as a side project before the founders moved to Silicon Valley and focused on bringing the ride-sharing service to college campuses. Lyft officially launched in 2012, and Green and Zimmer sold […]
How Lyft’s cofounders, Logan Green and John Zimmer, went from organising carpools on college campuses to running a ride-hailing company worth $29 billion
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