Techmeme

Results 271 - 280 of about 2212:

Nivedita Balu / Reuters:
Slack updates its S-1 filing, registers about 117M of its Class A shares, and says it expects to raise $196.5M in its direct listing on the NYSE   —  (Reuters) - Slack Technologies Inc, the owner of the workplace instant messaging app, said on Monday it expects here to raise $196.5 million …
May 21, 2019, 7:05 PMIn context
Tim Bradshaw / Financial Times:
A look at “cloud” or “dark” kitchens that only serve delivery customers such as Uber Eats and Deliveroo, and how investing strategies in the space diverge   —  After pouring more than $20bn into companies that bring meals to your door, such as Deliveroo in Europe …
May 21, 2019, 5:50 PMIn context
Julia Love / Reuters:
Mexico unveils plans to withhold tax from drivers for ride-hailing and food delivery firms like Uber and Rappi; China's Didi says it won't take part in the plan   —  MEXICO CITY (Reuters) - Mexico's Finance Ministry on Monday laid out plans to withhold tax from drivers for ride-hailing …
May 20, 2019, 4:45 PMIn context
Danielle Abril / Fortune:
By 2023, Uber Eats may own 25% of the forecasted $191B global food delivery market, but DoorDash and GrubHub make more in sales, and DoorDash is growing fastest   —  Investor sentiment in Uber is rapidly sinking.  Since last week's initial public offering, the company's stock has nosedived …
May 18, 2019, 8:30 PMIn context
Eric Feng:
VC-backed consumer startups are outperforming enterprise startups at IPOs in this decade, going public more often at higher valuations, compared to the 2000s   —  On May 10th, ride hailing juggernaut Uber Technologies went public raising $8.1 billion at an initial valuation just over $75 billion.
May 18, 2019, 8:10 AMIn context
Bradley Tusk / Financial Times:
The key value of Uber was its relentless innovation and promise to change the world, which the board forgot when it focused on stability in replacing Kalanick   —  When Uber hired Dara Khosrowshahi in 2017, the company board was solving the wrong problem.  —  The ride-hailing app was in the midst …
May 17, 2019, 3:50 PMIn context
Mark Kleinman / Sky News:
Sources: Amazon in talks to invest a substantial amount in a $575M fundraising round in UK-based Deliveroo, bringing Deliveroo's total raised to $1.5B+   —  The world's biggest internet company by market value is close to buying a stake in Deliveroo, Sky News can reveal.
May 16, 2019, 5:45 PMIn context
New York Times:
Sources describe Uber's IPO process and the setbacks that led Uber's $120B pre-IPO valuation floated by bankers to fall to its current market cap of $69B   —  Last September, Uber's top executives were pitched by some of Wall Street's biggest banks, Morgan Stanley and Goldman Sachs.
May 15, 2019, 7:40 PMIn context
Josh Constine / TechCrunch:
Uber is rolling out new options for Uber Black, its luxury car service, including a “quiet preferred” mode, help with luggage, and preferred temperature   —  Tired of chatty drivers?  Uber is finally giving users its most requested feature: an in-app way to request minimal conversation during your ride.
May 14, 2019, 8:35 PMIn context
Andrew J. Hawkins / The Verge:
In an advice memo, the National Labor Relations Board says Uber drivers are independent contractors, not employees; a federal judge ruled similarly last year   —  Another sign that the gig economy is here to stay  —  Uber drivers are independent contractors, not employees of the ride-hailing company …
May 14, 2019, 7:45 PMIn context

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