Lyft

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Uber said its monthly active users rose to 99 million globally, from 93 million at the end of the first quarter

Uber Technologies reported a record $5.2 billion (€4.6 billion) loss and revenue that fell short of Wall Street targets on Thursday as growth in its c(...)

WeWork continues to advance its plans to float in 2019, despite shaky IPOs from Uber and Lyft

Undeterred by shaky stock market debuts in recent months of fellow much-hyped gig economy investments – lift-hailing companies Uber and Lyft – WeWork (...)

Jerome Powell, chairman of the US Federal Reserve: “Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability.” Photographer: Andrew Harrer/Bloomberg

Federal Reserve chair Jay Powell warned on Wednesday that Facebook’s planned cryptocurrency, called Libra, cannot move forward unless the social media(...)

Uber’s public debut marks a milestone for a company that has reshaped transportation in many cities but also proven deeply divisive among regulators. Photograph: Reuters

Uber’s shares sank almost 8 per cent below their offer price on Friday, giving the ride-hailing company a disappointing market value of below $70 bill(...)

Ger Rabbette, chief executive of Uniphar: His twin-track programme of cost-cutting and deal-making, so far this decade, appears to be paying dividends. Photograph: Dara Mac Dónaill / The Irish Times

Technology initial public offerings (IPO) have been grabbing the headlines internationally in recent times, with ride-hailing group Lyft, digital scra(...)

It’s often joked that IPO stands for ‘It’s probably overpriced’ and Lyft’s valuation always looked challenging. Photograph: Oliver Berg/AFP/Getty

Banking giants JP Morgan and Wells Fargo kicked off earnings season in the US on Friday. It will be weeks before an obvious pattern emerges, but it’s (...)

Lyft president John Zimmer and CEO Logan Green. Lyft reported a loss of $911 million in 2018, up from $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion. Photograph: Mike Blake/Reuters

Shares of Lyft crashed through the ride-hailing company’s initial public offering price on just their second day of trading, tumbling as much as 10.5 (...)

Brexit troubles didn’t  have a consistent impact on Irish shares on Friday. Photograph: Toby Melville/Reuters

Brexit uncertainty failed to trouble the Republic’s main share index on Friday while other European indices gained primarily due to signs of progress (...)

Lyft President John Zimmer and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles. Photograph:  Mike Blake/Reuters

Shares in US ride-hailing company Lyft jumped more than 20 per cent above their initial public offering price on Friday, opening at $87.24 per share ((...)

Jeans maker Levi Strauss wants to be known for more than just denim. Photograph: Brendan McDermid/Reuters

Jeans maker Levi Strauss rose as much as 35 per cent in its return as a public company, in the biggest test so far this year of a slow-to-warm-up mark(...)

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