Lyft says it will restart its shared rides option starting July 19 in Chicago, Denver, and Philadelphia, after pausing the service last year due to the pandemic
Sara Ashley O'Brien / CNN :
Fair.com, a flexible car ownership marketplace valued at $1.2B that raised $500M from SoftBank and others, says it is laying off 40% of its staff
The Station is back for another week … PYMNTS.com : Car Subscription Service Fair Axes CFO And 40 Pct Of Staff Tweets: Brian McCullough / @brianmcc : Hooo boy... is it metastasizing? https://www.techm...
Sources: WeWork is considering seeking a valuation of ~$20B-$30B in its US IPO, marking a significant reduction from an earlier valuation of $47B
Data Sheet New York Times : WeWork Parent Considers Reducing Valuation Before I.P.O. Thomas Franck / CNBC : WeWork is dramatically slashing its IPO valuation to less than $25 billion because of weak d...
Uber reports Q1 revenue of $3.1B, up 20% YoY, gross bookings of $14.65B, up 34%, net loss of $1.01B; Uber Eats revenue grew 31% to $239M, gross bookings up 108%
and Wall Street is thrilled Tweets: @cnbc : “We're probably a couple years away from really being in the clear here.” Here's what 3 experts had to say about Uber's first-ever quarterly earnings report...