Lyft Losses Grow

Lyft Q1 Report

Lyft Inc. posted strong growth in its first quarterly report as a public company, with revenue nearly doubling from the year before, even as losses continued to mount. The San Francisco-based ride-hailing company reported revenue of $776 million in the first three months of the year, up 95% from a year earlier...

By | May, 9, 2019|Categories: Articles, Featured|Tags: , , , , , |0 Comments

Can Softbank Save Uber?

Uber's New Investor?

Softbank is in talks with Uber about a massive $10 billion investment in the company, according to a report in the Wall Street Journal on Thursday. The deal could give Japan's Softbank as much as a 22% stake in the ride-hailing company if it is able to carry out the full investment...

By | September, 15, 2017|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments

Snap Inc. Go Big or Go Home

A couple months ago I wrote about how Snapchat parent Snap Inc. was on the verge of an initial public offering. The time has finally come. Yesterday, Snap Inc. filed to go public with a valuation reported to be as high as $25 billion. With this kind of valuation, Snap is expected to be the largest public debut...

By | February, 3, 2017|Categories: Articles, Featured|Tags: , , , , , , |0 Comments