Uber’s London ban marks global backlash for ride-hailing giants
For Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed users pretending to be Uber drivers and faking their identities in at least 14,000 trips.
Uber’s carpool pricing strategy revealed by Chicago fare data
A Reuters analysis of the data shows fares for shared rides in the city have ri...
For startups, cash is king (again)
Tech startups, which have enjoyed years of easy money and fast growth, are preparing for a potential downt...
Silicon Valley is a born-again believer in profits
It was only a few years ago that investors started to become anxious about the vast sums of money flying into unprofitable startups. The bubble didn’t burst, but air deflated a bit from the balloon.
Not a V-shaped recovery, but things to improve in next 6 months: Mark Matthews, Julius Baer
There is a sense that global growth proxies are the place to be but I am not sure that includes India.
Uber puts the brakes on growth at any cost
Uber 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 world and expanded far beyond its original business of car rides at the push of a smartphone app.
Uber reports 3,000 sexual assault claims last year in its safety review
Counting assaults is a complicated exercise. Only about a third of claims the company received about penetration without consent were reported to the police, Uber estimated. In about a quarter of cases, Uber said its team didn’t successfully communicate with the victim after the initial report.
WeWork falls furthest in a year of clipped wings for Unicorns
WeWork, which is based in New York, might be the most extreme example of the rebuke that public stock investors have delivered to high-flying startups, but it is hardly alone.
IPO best in show doesn't go to WeWork, Uber or Lyft
Datadog Inc helps companies monitor the health of their apps and computing infrastructure; it sold its first batch of public stock late Wednesday.
California passes landmark bill that makes Uber, Lyft treat workers as employees
The bill passed in a 29-11 vote in the state Senate and will apply to app-based companies, despite their efforts to negotiate an exemption.
Despite defections, Facebook officially launches Libra
The Libra Association, the nonprofit that will govern the currency, officially signed on 21 charter members on Monday at the organization's inaugural meeting in Geneva.
Silicon Valley’s mantra of spend big, grow fast? It’s changing.
The nascent change is being driven by the stumbles of some high-profile “unicorns” — the startups that were valued at $1 billion and above in the private markets — just as they reached the stock market.
Wall Street skeptics poke at startup bubble
Billionaire Silicon Valley investors, sneaker-clad founders and button-down bankers all expected enormous stock sales to turn companies like Uber, Lyft and WeWork into a new generation of corporate giants.
Peloton, Endeavor duds give IPO bankers another black eye
This trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade for a big IPO in more than a decade and WeWork forced to delay its listing because of tepid demand.
For Airbnb employees, dream turns into disillusionment
Airbnb’s 6,000-person workforce has become increasingly frustrated by not being able to cash in the company stock that was received in compensation packages.
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