Techmeme

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Eric Newcomer / Bloomberg:
Sources: Uber lost $1.2B in first half of 2016, including $520M in Q1 and $750M in Q2; net revenue grew 18% from $960M in Q1 to $1.1B in Q2   —  After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million.
Aug 25, 2016, 8:50 AMIn context
Bloomberg:
Sources: Wal-Mart's $3B acquisition of Jet.com would require Jet founder Marc Lore to head the retailer's online division for several years   —  Marc Lore said to stay to run retailer's e-commerce division  —  Purchase for $3 billion would help Wal-Mart challenge Amazon
Aug 6, 2016, 1:35 PMIn context
Bloomberg:
Filing: Airbnb raising $850M, sources say at a $30B valuation, bringing total raised to about $3.2B   —  The home-sharing company Airbnb Inc. is raising $850 million, according to a disclosure filed with the state of Delaware.  —  The equity round values the San Francisco-based company at $30 billion, people told Bloomberg in June.
Aug 6, 2016, 12:55 AMIn context
Eric Newcomer / Bloomberg:
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation   —  Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
Aug 1, 2016, 12:20 AMIn context
Bloomberg:
Sources: Airbnb secures $1B debt facility from JPMorgan Chase, Citigroup, Bank of America, and Morgan Stanley   —  Airbnb Inc. secured a $1 billion debt facility from some of the largest U.S. banks to help the home-sharing company develop new services and fund growth initiatives, people familiar with the matter said.
Jun 16, 2016, 12:30 AMIn context
Bloomberg:
Dropbox says it is now cash-flow positive but not profitable, not in rush to IPO   —  Drew Houston said at the Bloomberg Technology Conference that the company is cash-flow positive.  —  Since attaining a $10 billion valuation from investors in 2014, Dropbox Inc. has become a symbol of unicorn startup exuberance.
Jun 15, 2016, 12:05 AMIn context
Bloomberg:
Source: Uber gets $1B credit facility, basically a line of credit, in a deal led by Goldman Sachs to expand its Uber Xchange subprime auto leasing business   —  In its relentless pursuit for growth, Uber needs new drivers, and many of those drivers need cars.
May 31, 2016, 12:00 PMIn context
Eric Newcomer / Bloomberg:
Toyota to make strategic investment in Uber and team up on auto leasing program   —  Toyota Motor Corp. said it is making a strategic investment in Uber Technologies Inc. and will offer auto leases to the ride-hailing company's drivers.  —  Uber declined to disclose the size of the investment.
May 24, 2016, 3:38 PMIn context
Eric Newcomer / Bloomberg:
Uber announces global advisory board with members including former EU vice president Neelie Kroes and former prime minister of Peru, compensation in equity   —  Uber Names Former EU Vice President Kroes to New Advisory Board  —  Uber Technologies Inc. announced an eight-member public policy …
May 4, 2016, 11:20 PMIn context
Eric Newcomer / Bloomberg:
On-demand gas delivery startups operating in several US cities, even as some officials say they're illegal, including the San Francisco Fire Department   —  Gas Delivery Startups Want to Fill Up Your Car Anywhere.  Is That Allowed?  —  A new class of companies aims to be the “Uber for gasoline.”
May 2, 2016, 2:50 PMIn context

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