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Uber Eats, DoorDash, Grubhub sue New York City over legislation on commission capsThe New York City Council approved in August a legislation which limits the amount that food-delivery companies can charge restaurants to u...- ETtech Morning Dispatch on 25 Jan. 2021: Top tech news to start your dayFrom Indian IT’s post-pandemic outlook to NITI Aayog’s plan to create India’s Alibaba for MSMEs, here’s a look at the top tech news to star...
- Uber sees slowest recovery of ride business in home U.S. market, deliveries more than doubleUber's third-quarter results come just two days after it scored a significant win in its California home market, where voters passed a comp...
- Uber, Lyft shares jump as California set to pass gig-worker ballot measureAccording to state figures, 58% supported the measure, with nearly 95% of precincts at least partially reporting. The results are incomplet...
- Uber launches grocery delivery in Latin America, Canada with US to followThe company's latest foray into the delivery space is in partnership with Cornershop, a Chilean online grocery provider that Uber has held ...
- Dow Jones gains on surprise services data, China-led rebound hopesThe Dow Jones Industrial Average was up 322.73 points, or 1.25 per cent, at 26,150.09.v
- Uber, Postmates agree on $2.65 billion all-stock dealLast week, it was reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food del...
- The sharing economy faces the abyss in a pandemicUber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash. That’s a lot of money...
- WeWork fiasco, Peloton flop endanger Unicorns hoping for big IPOsFitness startup Peloton Interactive Inc. fell 11% below its IPO price on its first day of trading Thursday and extended declines by 2% on F...
- There’s no end in sight for the US IPO frenzyPaul Donahue, Morgan Stanley’s head of equity capital markets for the Americas, expects that IPOs will remain busy in the third quarter and...
- Cycling startup Peloton confidentially files for US IPOIt raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
- Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
- Uber said to aim for IPO valuation of as much as $90 billionUber is expected to set the terms for its IPO as soon as Friday before heading out on a road show to market the stock to potential investor...
- Pinterest soars in debut in 2019's second-biggest US IPOhe company had about $756 million in revenue from online advertisements in 2018, a 60 percent growth rate that accelerated from the previou...
- Uber is said to seek about $10 billion in year's biggest IPOUber submitted its IPO filing to the SEC confidentially on December 6, the same day that Lyft Inc. announced that it had made its confident...
- Lyft’s tumbling stock is a worrying sign for other unicornsLyft is a model of the unicorn class of companies that secured valuations in excess of $1 billion from private investors and will soon seek...
- Lyft snaps up a tag of $24.3 bn as IPO goes the distanceThe first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.
- Pinterest joins US IPO wave with fast revenue growthPinterest has experienced "significant growth" in users and monetisation over the last several years, it said in the filing. It also said i...
- Lyft aims for calculation near $20 billion in biggest US IPOLyft warned in its filing that expenses are likely to increase and that it may not be able to “achieve or maintain profitability in the fut...
- Microsoft sees need for regulation, laws for AI advancesMicrosoft is working on some of these areas through groups such as the Partnership on AI, which includes rivals like Amazon.com Inc., Alpha...
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