Ride services giant Uber Technologies Inc will begin life as a public company on...
- Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
The IPO was oversubscribed, but Uber settled for a lower price to avoid a repeat of Lyft Inc’s IPO in late March, which priced strongly, began trading up, then plunged. The IPO was also set against a backdrop of a spike in tensions between the United States and China, which renewed fears of a global economic slowdown and hampered global markets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber and Lyft are working on self-driving ride-sharing alternatives to human driversAs Lyft and Uber drivers strike over wages and job security, a driverless future rolls on.
Read more »
Lyft results underscore importance to Uber of life beyond ride-hailingInvestor disappointment at Lyft Inc's growth outlook underscores the pressu...
Read more »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion.
Read more »
Uber and Lyft have made San Francisco’s traffic much worse, study saysRide-hailing services like Uber and Lyft are so popular in San Francisco that they have become the single biggest factor behind the city’s increasingly snarled traffic, according to a new report.
Read more »
Uber and Lyft drivers plan to strike to protest low wages, job insecurity'Uber's corporate owners are set to make billions, all while drivers are left in poverty and go bankrupt,” one strike organizer said.
Read more »
Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States.
Read more »
Uber and Lyft drivers are striking in over a dozen cities around the world on Wednesday. Here's the full list of where demonstrations are planned.Demonstrations by Lyft and Uber drivers are planned in at least 20 cities around the world.
Read more »