Techmeme

Results 11 - 20 of about 107:

Bloomberg:
Sources: Bird, an electric scooter-sharing startup, is raising $150M led by Sequoia Capital at a $1B valuation and has plans to raise more for this round   —  - The $150 million round will help Bird fend off competition  — CEO Travis VanderZanden was formerly a leader at Uber and Lyft
May 29, 2018, 6:13 PMIn context
Eric Newcomer / Bloomberg:
Without windfalls from sales of international businesses, Uber had Q1 2018 loss of $312M before interest, taxes, and other expenses, half of Q1 2017 loss   —  - Investors agree to buy up to $600 million in Uber shares  — Coatue, Altimeter and TPG purchase values Uber at $62 billion
May 23, 2018, 6:15 PMIn context
Eric Newcomer / Bloomberg:
Following Seattle's “head tax” law, San Francisco, Mountain View, Cupertino, and East Palo Alto look to introduce laws taxing big tech companies per employee   —  Mountain View, East Palo Alto, Cupertino and San Francisco blame the industry for inequality and overcrowding.
May 23, 2018, 3:15 PMIn context
Bloomberg:
Uber confirms that Don Burnette, a co-founder of self-driving trucking startup Otto, has left Uber, making him the fourth and final Otto co-founder to leave   —  With the recent departure of Don Burnette, all four co-founders of driverless trucking company Otto have now left Uber Technologies Inc. …
Apr 18, 2018, 3:35 PMIn context
Eric Newcomer / Bloomberg:
CA housing bill that would allow new multistory apartments near public transport has support from Twitter, Facebook, Yelp, Stripe, Lyft, and a new “YIMBY” group   —  Well-paid tech jobs helped lead to most expensive housing market in the country  —  California is bracing …
Mar 28, 2018, 5:35 PMIn context
Bloomberg:
Grab to acquire all of Uber's operations in Southeast Asia, including UberEats; Uber gets 27.5% stake in Grab, and Uber CEO will join Grab's board   —  Grab to buy ride-sharing, food delivery businesses in region  —  Uber gets 27.5% stake in rival, CEO to join Grab's board
Mar 26, 2018, 12:40 AMIn context
Bloomberg:
Uber Agrees on Southeast Asian Sale to Grab   —  Uber is said to announce sale, for a stake of 25% to 30%  —  A deal will mark Uber's exit from yet another major market  —  Uber Technologies Inc. has reached an agreement to sell its Southeast Asian ride-hailing business to rival Grab …
Mar 25, 2018, 5:36 AMIn context
Bloomberg:
Sources: Grab is close to acquiring certain markets of Uber's Southeast Asia business, may sign a deal this week or next; Uber will take ~15%-20% stake in Grab   —  Grab, the dominant ride-hailing service in Southeast Asia, is close to finalizing a deal to acquire Uber Technologies Inc.'s business …
Mar 8, 2018, 12:26 AMIn context
Bloomberg:
Source: Uber has burned $10.7B total so far, making its losses worse than tech giants when they had same market cap; revenue lags firms with similar market cap   —  Uber is a financial oddity.  Can it mutate into a sustainable business?  —  What makes Uber Technologies Inc …
Mar 6, 2018, 1:40 PMIn context
Eric Newcomer / Bloomberg:
Uber says Q4 net revenue was $2.22B, up 61% YoY, total value of fares was $11B, UberEats is ~10% of its business, and it lost $4.5B on $7.5B sales in 2017   —  Uber Technologies Inc. had a painful 2017, but the business managed to grow.  —  Adjusted net revenue last quarter increased 61 percent …
Feb 13, 2018, 7:15 PMIn context

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