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LYFT ACQUISITION
Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...- Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
- Singapore's Grab bets on AI, new services to triple profit by 2028Grab has set goals for the next three years of growing revenue by more than 20% each year and tripling EBITDA to $1.5 billion in 2028 from ...
- Why Uber stock is climbing as robotaxis testing will hit London streets next year after partnership with BaiduUber stock: Uber is set to test Baidu's Apollo Go robotaxis in London starting in the first half of next year, a move that positions the ri...
- Uber, Lyft to test Baidu robotaxis in UK from next yearIt highlights how ride-hailing platforms are accelerating autonomous rollout through partnerships, positioning London as an early proving g...
- Lyft bets on global expansion, smaller cities focus to drive growthLyft said Freenow, its European operations, which it acquired earlier this year, is projected to add over six million riders to its platfor...
- China's Baidu to deploy robotaxis on rideshare app LyftBaidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026. It did not specify which other countries the cars...
- Should you follow suit? Here's why billionaire Bill Ackman bought $2.3 billion worth of this stockBillionaire investor Bill Ackman's Pershing Square Capital acquired a $2.3 billion stake in Uber by purchasing 30.3 million shares. Ackman ...
- Lyft employees told to return to office as new CEO lays out visionOn Friday, David Risher, the company's new CEO, told employees in an all-hands meeting that they would be required to come back into the of...
- Toyota acquires Lyft's self-driving unit for $550 millionThe acquisition, announced Tuesday, was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuse...
- Lyft sells self-driving tech unit to Toyota for $550 millionThe acquisition of Level 5 automation will provide Toyota access to the U.S. ride-hailing firm's more than 300 employees of the essentially...
- Peloton, Endeavor duds give IPO bankers another black eyeThis trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade...
- Google parent’s investing arm battles suspicion in profit questThe company struggles to make big acquisitions in its main areas of business, partly due to concern over antitrust regulation.
- This is the year of startup IPO (Whether you like it or not)That “race for liquidity” dynamic is what makes 2019 different from the rest of the decade.
- Lyft acquires Pune-based startup FinitePathsPune-based startup to close Trail Answers app, cofounders to join team of ride-sharing app.
- Why the Junglee founders' playbook hasn’t changed in the mobile-commerce eraEarlier this year, the four Junglee co-founders of Indian origin came together to back HyperTrack. That's Rakesh Mathur, 60, Ashish Gupta, ...
- Airbnb said to turn a profit, expects earnings this yearReaching profitability puts Airbnb on a very different footing than its fellow upstart, Uber Technologies Inc. The ride-hailing company los...
- Uber won’t pay more than $2 billion for ride-hailing rival LyftLyft has been working with Qatalyst Partners to solicit interest from potential acquirers, people familiar with the matter said.
- Uber won't pay above $2 billion for LyftCompetition between Uber and Lyft has made rides more affordable for Americans. Lyft has managed to claw market share away from Uber in maj...
- After merger with Didi Chuxing, India to become Uber's main battlegroundWhile the deal underlines that China remains a tough market for US-based companies to win in, it could leave Uber freer to devote more reso...
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