Techmeme

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Biz Carson / Forbes:
A look at Uber's pitch deck in 2008, where it projected to reach 5% of the top US cities with $20M in profits, and, in the best case scenario, $1B in revenues   —  ber's founders in 2008 thought the best-case scenario for what they were calling UberCab was to hit $1 billion in revenue.
May 13, 2019, 8:35 AMIn context
Andrew J. Hawkins / The Verge:
Study: between 2010 and 2016, traffic congestion in San Francisco grew by about 60%, with Uber and Lyft vehicles accounting for more than half of that increase   —  Between 2010 and 2016 traffic congestion in San Francisco increased by about 60 percent — and Uber and Lyft are responsible for more than half of that increase
May 12, 2019, 6:55 PMIn context
Dan Primack / Axios:
Uber's IPO got caught in a perfect storm of negative events on Friday, some of its own making, some, like Trump's China tariffs, outside its control   —  Uber's IPO stalled out yesterday, stunning both Silicon Valley and Wall Street.  —  Details: The ride-hail giant priced shares near the bottom of their range on Thursday night.
May 11, 2019, 3:55 PMIn context
Alison Griswold / Quartz:
Benchmark made billions on an early-stage Uber investment, but it isn't clear if late-stage investors like SoftBank or Saudi Arabia's PIF made serious profit   —  We've known practically since Uber started dispatching rides that one day it would make a lot of people very rich.
May 10, 2019, 8:35 PMIn context
Lauren Feiner / CNBC:
Uber closes down 7.6% on its first day of trading after raising $8.1B in its IPO, which valued the company at about $82.4B   —  - Uber debuted Friday on the New York Stock Exchange at $42 per share, trading under the symbol “UBER.”  —  Uber dropped 7.6% on its first day of trading on the New York Stock Exchange Friday.
May 10, 2019, 12:03 PMIn context
Eric Newcomer / Bloomberg:
Profile of Garrett Camp, the Uber co-founder who envisioned the idea of private cars for hire with an app and whose stake in Uber is now worth ~$3.7B   —  Garrett Camp envisioned cities full of private cars for hire with an app.  Travis Kalanick took it from there, and they both became wealthy beyond imagination.
May 10, 2019, 10:05 AMIn context
New York Times:
Uber prices its IPO at $45 per share, near the low end of its expected range, raising $8.1B and valuing the company at about $82.4B   —  The biggest Silicon Valley initial public offering in years turned out to be less lofty than expected.  —  Uber priced its public offering on Thursday at $45 a share …
May 9, 2019, 6:40 PMIn context
Caroline Spiezio / Law.com:
May 9, 2019, 5:25 PMIn context
Wall Street Journal:
Uber Prices IPO at $45 a Share   —  Ride-hailing company commands a valuation of about $82 billion  —  Uber Technologies Inc. priced its initial public offering at $45 a share, according to people familiar with the matter, near the low end of its expected range as the ride-hailing giant grapples …
May 9, 2019, 4:58 PMIn context
Ingrid Lunden / TechCrunch:
Heetch, which provides ride-sharing services across France and French-speaking Africa, raises $38M Series B led by Cathay Innovation and Total Ventures   —  With Uber just days away from going public, a small challenger has raised some funds of its own to take it and the rest of the field on in francophone markets.
May 9, 2019, 4:30 AMIn context

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