Uber is aiming to price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC, according to Quartz. Uber is expected to price its shares Thursday and start trading Friday. Uber set a price range of $44 to $50 per share for its initial public offering in […]
Thousands of Uber drivers around the world went on strike on Wednesday, May 8, ahead of the company’s hotly anticipated IPO on Friday, which is slated to be one of the largest in recent history at an estimated $90 billion valuation. In at least eight cities in the US, including San Francisco, Chicago, and New […]
On the eve of Uber’s public offering, app drivers in New York City logged off from 7 AM to 9 AM to join the international strike day. Drivers across the globe were also protesting Uber’s business model of greed before humanity. While Uber bosses prepare to reap billions in profits, Uber and other App drivers […]
Goldman Sachs Group Inc. is missing out on leading the hottest IPO in years, Uber Technologies Inc. The consolation: a potential $600 million windfall from a mere $5 million wager that Goldman’s bankers made using the firm’s own money back in 2011, only a year after Uber had started offering rides. How Goldman lost its […]
Can you get from Kangaroo Valley to the Den of Thieves without using the Magic Circle? London’s black taxi drivers call the Palace of Westminster the ‘Gasworks’ – due to the ‘hot air’ spouted by MPs. Broadcasting House, home of the BBC, is referred to in code by the drivers as ‘The Tripe Factory’. Traders […]
Carlyle must be hoping that some of Uber’s magic valuation dust rubs off on Addison Lee. The investment has been difficult for the private equity firm. Uber Technologies Inc.’s initial public offering next week will be a bittersweet moment for private equity giant Carlyle Group and its London minicab firm Addison Lee Holdings Ltd. Uber […]
With the acquisition of Taxi 4×27 in Denmark, Cabonline is strengthening its position as a leading provider of Taxi services in the Nordics. Taxi 4X27 has operations in Copenhagen, Aarhus, Odense, Frederikshavn, Holstebro and Sønderborg. The acquisition will add 230 transporters, with a combined total of 300 taxis, to Cabonline’s franchise model, which already has […]
On a desolate block of Long Island City sits a vacant warehouse, its entrances padlocked and doorbell defused. A FedEx tag for an undelivered package, dated 5/23, has been stuck to a barred doorway for at least 11 months. Visible through filthy second-floor windows is a small sign that reads simply The Black Car Fund. Created […]
Lyft is beefing up its driver background check process with two new features it says are intended to “[improve] the safety and security of [its] platform.” It today announced continuous background checks and enhanced identity verification, both of which will roll out in the coming days to weeks. “The safety of the Lyft community is […]
Drivers from Buenos Aires’ powerful taxi unions will take to the streets on Thursday to begin two days of protests against ride-hailing apps including Uber, which they claim operate illegally in the city. The march on Thursday is expected to attract thousands of people. It will culminate at Plaza de Mayo, a historic focal point […]
