Why Uber Splurged on a $170 Million Investment as It Laid-off Thousands
Uber led a $170 million investment round in micro-mobility firm Lime just hours after announcing it was laying off 3,700 employees.
Mark Emem May 10, 2020
Uber led a $170 million investment round in micro-mobility firm Lime just hours after announcing it was laying off 3,700 employees.
Google always should have had its eye on Lyft, and now that Lyft’s stock has been devastated, Google is in a position to buy.
Gig workers get a raw deal at the best of times. During the coronavirus pandemic, they’re suffering even more than usual. Will they get help?
Investors may be missing the forest from the trees. Lyft’s layoffs were selective, affecting sales and marketing divisions. The company reportedly plans on hiring 1,000-plus employees this year.
Just last week Lyft co-founder was bullish on the stock. The sell-off by the insiders has netted millions of dollars. Lyft shares are currently on
A controversial new bill targeting ridesharing companies goes into effect in January 2020 in California. The bill brings benefits for drivers classified as ‘contractors’ by
The newest stock market unicorn to announce its IPO plans is Airbnb. The short-term rental company, which has exploded in popularity over the past few
The first major regulatory assault on rideshare is about to crash headlong into Lyft and Uber, courtesy of California bill AB5. California Bill AB5 Could
Mega-unicorn Uber reported earnings, or rather losses, on Thursday that demonstrate why hype doesn’t always work in a company’s favor. Let’s hit the headline numbers
Lyft Chief Financial Officer Brian Roberts claims that losses the company suffered in 2018 were very likely the “peak” with better times around the corner.
Lyft delivered second-quarter earnings on Wednesday. Losses were still gigantic although a bit less than expected. The rest of the news was mostly bad but
Survey and research powerhouse J.D. Power released the results of its Power Mobility Confidence Index, and the news was terrible for self-driving and electric vehicles.
Lyft’s Chief Operating Officer, Jon McNeill, is leaving the company after only 18 months on the job. Lyft stock slid 2.27% on the news. 3
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By CCN.com: The Uber stock price continues to freefall today following a historically terrible initial public offering (IPO). Last Friday, Uber held its first day
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Uber’s decision to value itself at $100 billion rocked Lyft stock on Wednesday, causing the embattled rideshare company’s shares to plunge as far as 10%.