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, […]

Lyft cofounders Logan Green and John Zimmer said Tuesday they expect the company to be profitable by the fourth quarter of 2021 – a year earlier than analyst forecasts. The comments came at the Wall Street Journal’s Tech Live conference. Shares of Lyft rose as much as 11% on the […]

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 […]

Both Uber and Lyft fell to record lows on Wednesday, showing that investors are shying away from unprofitable unicorns. The ride-hailing duopoly has posted major losses since going public. Uber lost $US5.2 billion in the second quarter, while Lyft lost $US644 million. Other high-profile IPOs have faltered. Peloton’s recent offering […]

Lyft was upgraded to “buy” with a price target of $US60 by a team of analysts at Guggenheim Partners on Monday. Shares rose more than 3% in early trading Monday. The upgrade came after solid second-quarter earnings changed analysts’ perspective on the company’s potential, Jake Fuller of Guggenheim said in […]

If Uber turns into the high-growth tech stock of bull analysts’ dreams, the ride-hailing company could disrupt the longstanding acronym of FAANG. FAANG represents the five of the most popular and high-value tech stocks: Facebook, Apple, Amazon, Netflix, and Google. Though Uber just started trading on Friday, two analysts have […]

The value of Uber‘s public shares held by some of the company’s employees is most likely less than they anticipated, as predicted Thursday in a Bloomberg opinion column by Shira Ovide. Citing data from EquityZen, Ovide said Uber was valued at about $US49 a share in mid-2016. The company priced […]

Uber is set to go public on the New York Stock Exchange on Friday morning with an initial-public-offering price of $US45 a share, at the lower end of its range. The company is making its blockbuster debut at a turbulent time for the markets. It’s the biggest tech IPO since […]

Morgan Stanley and Goldman Sachs won the top banking roles on the upcoming Uber IPO, which could reportedly raise up to $US100 million for the ride-hailing company. Despite the competition between Uber and Lyft, which went public at the end of March, 11 of Uber’s 29 banks are on both […]

On Tuesday, IT unicorn PagerDuty raised the price range for its upcoming IPO to $US21 to $US23 per share, up $US2 from the figures it gave previously. This throws some cold water on concerns that Lyft’s unstable tenure as a public company might bring the whole market down. At the […]

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 went public on Friday, kicking off a parade of high-profile IPOs expected this year, including Uber, Postmates, and perhaps even Airbnb. However, there’s still one thing we don’t know: Are these gig-economy companies suited to weather a recession? They might be so ingrained in consumer habits that they will […]

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 […]

Lyft‘s losses are growing, and the company could be years from profitability. That hasn’t suppressed Wall Street’s appetite for stock of the ride-hailing company, which went public on Friday. The company’s oversubscribed initial public offering was priced above its original window and spiked more than 20% in trading. Wall Street […]

Lyft staged its much anticipated initial public offering on Friday. The ride-hailing service has been growing, but it’s also losing money. Lots of money. To reverse the losses, Lyft needs to grow outside urban areas and persuade customers to stop owning personal cars. Americans in rural and suburban areas will […]

Lyft is ready to start trading on the Nasdaq early Friday under the ticker symbol LYFT. Lyft priced its IPO at $US72 a share Thursday evening. This gives the company a valuation of about $US21 billion. Lyft priced its initial public offering at $US72 a share Thursday evening, the company […]

Lyft began trading on the Nasdaq stock exchange on Friday, and quickly fell into the red. After opening near $US87 per share, the stock has sunk below $US70 on Tuesday. Still, the Wall Street analysts that have already launched coverage of the company are decidedly bullish. Lyft’s stock hasn’t had […]