Lyft Stock Dips On News Of Uber $100B Valuation | PYMNTS.com

Lyft Stock Dips On News Of Uber $100B Valuation | PYMNTS.com

Shares in the ride-hailing company Lyft dropped 7.3 percent on the news that rival Uber was looking for a valuation of between $90 billion and $100 billion ahead of its initial public offering (IPO), according to reports . When it officially goes public on Thursday...
Why Uber ‘Depends Heavily’ on Insurance

Why Uber ‘Depends Heavily’ on Insurance

Uber Technologies Inc., which is on its way to an initial public offering that it hopes will raise $10 billion, might not be in the position it is in without insurance. “Our business depends heavily on insurance coverage for drivers and on other types of insurance for...
Uber Eyes IPO and Spies an Autonomous Future

Uber Eyes IPO and Spies an Autonomous Future

  Uber filed its S-1 last week with the U.S. Securities and Exchange Commission, setting the stage for its initial public offering next month. This comes less than one month after competitor Lyft’s debut on the public market. Uber is listing under the...