Techmeme

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Ingrid Lunden / TechCrunch:
PayPal to buy $500M worth of Uber shares at $47/share, says the companies will work on future payment collaborations, including developing Uber's digital wallet   —  Uber's announcement of its IPO pricing earlier today came with a $500 million belated Easter egg.
Apr 28, 2019, 12:45 AMIn context
Matt Levine / Bloomberg:
How Bitfinex lost access to $850M it held with the shady Panama-based payments processor Crypto Capital and tried to cover the loss by borrowing from Tether   —  Also Uber, Slack and mortgage settlements.  —  Matt Levine is a Bloomberg Opinion columnist covering finance.
Apr 26, 2019, 2:40 PMIn context
Romain Dillet / TechCrunch:
London-based Wheely, which currently operates its luxury ride-hailing service in London, Moscow, and St. Petersburg, raises $15M Series B   —  London-based startup Wheely has raised a $15 million Series B round led by Concentric with Oleg Tscheltzoff, Misha Sokolov and other investors also participating.
Apr 26, 2019, 11:45 AMIn context
Lauren Feiner / CNBC:
Slack files for an IPO via direct listing, reports loss of $138M on $400M revenue for FY 2019 ending Jan. 31, compared to $140M loss and $220M revenue for 2018   —  - Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom.
Apr 26, 2019, 9:57 AMIn context
Dan Primack / Axios:
Uber sets IPO price range of $44 to $50 per share, plans to raise up to $10.35B at a valuation of up to ~$84B   —  Uber on Friday morning disclosed that it plans to raise upwards of $10.35 billion in its IPO, at a market cap that could approach $84 billion.  — The ride-hail giant …
Apr 26, 2019, 6:55 AMIn context
Bloomberg:
Sources: Uber is planning IPO price range of about $44-$50 a share, which could value the ride-hailing company at $80B-$90B; Uber was last valued at about $76B   —  - Ride-hailing company planning price range of $44 to $50/shr  — Uber could seek to raise about $8 billion to $10 billion
Apr 25, 2019, 4:50 PMIn context
Mariella Moon / Engadget:
Sony partners with five Japanese taxi companies with a combined fleet of over 10,000 cabs to launch S.Ride, a cab-hailing service in Tokyo   —  Uber's fledgling cab-hailing service in Japan has a new competitor, and it's not by one of its usual rivals.  It's called S.Ride …
Apr 21, 2019, 7:30 PMIn context
BuzzFeed News:
Eyal Gutentag, CMO of ZipRecruiter, has resigned after a report detailed an alleged sexual battery incident involving Gutentag when he worked for Uber in 2015   —  Eyal Gutentag, the chief marketing officer of the employment job site ZipRecruiter, has left the company following …
Apr 19, 2019, 6:35 PMIn context
Kia Kokalitcheva / Axios:
Uber confirms it has raised $1B for its autonomous driving unit from SoftBank Vision Fund, Toyota, and Denso, at a valuation of $7.25B   —  Uber on Thursday night confirmed that it has raised $1 billion for its autonomous driving unit at a post-money valuation of $7.25 billion.
Apr 18, 2019, 9:05 PMIn context
Andrew J. Hawkins / The Verge:
Uber is testing new push alerts and Lyft rolls out continuous driver background checks after a woman was murdered allegedly by a man posing as her Uber driver   —  In-app reminders to verify your driver's car and license plate  —  This week, Uber and Lyft rolled out new safety measures designed …
Apr 18, 2019, 12:45 PMIn context

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