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UBER AND LYFT COMPETITORS
Of rides & rivals: Travis Kalanick on Uber’s capital strategy, competition with LyftTravis Kalanick said the Uber–Lyft rivalry became a battle for venture capital as much as riders. Uber used fundraising as a strategic weap...- Lyft's weak adjusted core profit forecast, surprise 2025 loss send shares tumblingThe forecast marks a setback for the ride-hailing provider's comeback, fueled by a year of improving bookings growth, higher margins and ex...
- Lyft's soft forecast fans worries of losing ground to Uber, shares tankShares of Lyft fell 16% due to a disappointing summer forecast, sparking concerns it is losing market share to Uber. Despite reporting bett...
- Lyft falls as pricing strategy casts shadow over profit goalsLyft and its more dominant rival, Uber, have been locked in a fierce price war as they stage a post-pandemic recovery.
- Uber shares fall as fears over Lyft's pricing eclipse first operating profitUber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a...
- Uber sets sights on profits in 2023 as pandemic pain easesChief Executive Officer Dara Khosrowshahi said the company was now focused on achieving profitability on a GAAP basis this year.
- Uber CEO says won’t cut jobs despite mounting tech layoffsUber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncer...
- Uber puts the brakes on growth at any costUber is in a tricky position. Its potential ceiling is much higher than Lyft’s because Uber has spread its tentacles into many parts of the...
- Uber is said to pick New York Stock Exchange for 2019 mega IPOThe ride-hailing giant is expected to publicly file for its offering in April, kicking off a listing that could value the company at as muc...
- Uber is said to hold advanced talks to buy Mideast’s CareemCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
- Lyft filing could kick off cavalcade of high-profile tech IPOsJust as Lyft beat Uber Technologies Inc. to the idea that regular people could use their cars to charge for rides, it now looks set to beat...
- Uber confidentially files for IPO: SourcesThe ride-hailing company filed the confidential paperwork on Thursday.
- SoftBank could ditch Uber for Lyft, says Son"Depending on the price and conditions, it is wholly possible we could shift our investment to the other main company Lyft," Son said at a ...
- Uber's competitive obsession led to an unravellingUber's employees went slogging to recruit drivers; when it weighed which laws to bypass, it looked to which ones competitors were breaking.
- SoftBank looks for an Uber, Lyft in the cab-hailing spaceMasayoshi Son said that he would be willing to invest in Uber Technologies or rival Lyft.
- 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...
- Ola's global partner Lyft to expand outside USThe company which has global allaince with China's Didi Chuxing, has been using aggressive marketing campaigns to become popular in the US
- Uber rival Lyft now brings General Motors' $500 million to battleGM will invest $500 mn in Lyft, giving the ride-hailing startup a valuation of $5.5 bn and a major ally in the global battle against Uber.
- How Uber is running up the scandal metreThe company, valued at $18.2 billion, has been mired in one controversy after another and is turning into a punching bag.
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