Uber Braces for $1 Billion Loss in First Quarter as a Public Company

Uber	2019-5-28 02:00

By CCN: Ridesharing powerhouse Uber Technologies (NYSE: UBER) announced last week that it expects to lose $1 billion in its first-ever quarterly earnings report this Thursday. Uber gave shareholders only a week to prepare for the report, and they will be eagerly anticipating Thursday evening’s results.

The shortened week ahead has little else in the way of earnings after the Memorial Day long weekend in the U. S. Meanwhile, revenue is anticipated in a range of $3. 04 billion to $3. 10 billion vs. $2. 5 billion in Q1 2018. Its ridesharing business is expected to grow by 20%, while Uber Freight and Uber

The post Uber Braces for $1 Billion Loss in First Quarter as a Public Company appeared first on CCN

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Источник: ccn.com

uber billion → Результатов: 35

Uber IPO: Why a $100 Billion Valuation Is an Absolute Pipe Dream

By CCN: Uber revolutionized cross-town transportation, but that’s not going to help the company make any money. That’s one shocking revelation from the Uber IPO filing, which makes the rideshare giant’s $100 billion valuation look like nothing more than a pipe dream.

2019-4-15 19:20
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Uber’s IPO Filing Discloses $1.8B Loss, Raising Worries

Coinspeaker Uber’s IPO Filing Discloses $1. 8B Loss, Raising WorriesUber out-paced its rising competitor Lyft by more than $9 billion in revenue and at least 60 million users. That all could be seen from Uber’s S-1, the company has filed its IPO paperwork with the Securities and Exchange Commission on Thursday.

2019-4-13 13:16
uber ipo raising loss filing discloses worries

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San Francisco VC Turns $9 Million into Eye-Popping $6.9 Billion in Uber IPO Jackpot

According to WSJ tech editor Scott Austin, Benchmark, a San Francisco-based venture capital firm, invested $9 million in Uber’s Series A round in 2011. At the proposed IPO price of $55 a share, the $9 million investment would soon be valued at $6.

2019-4-13 17:27	Uber
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Why Uber’s $100 Billion Valuation is Wildly Bullish for Lyft Stock

Uber’s decision to value itself at $100 billion rocked Lyft stock on Wednesday, causing the embattled rideshare company’s shares to plunge as far as 10%. Contrary to the prevailing narrative, however, a strong Uber IPO would be wildly bullish for Lyft shares.

2019-4-12 18:08	Uber
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Uber’s $10 Billion IPO Will Succeed Where Lyft Catastrophically Failed

Uber is poised to sell $10 billion in shares in the biggest initial public offering (IPO) of the year, according to Reuters. After Lyft’s catastrophic debut on the stock market, Uber will learn from its rival’s mistakes.

2019-4-10 15:45	Uber
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Lyft will IPO on Friday with an insane $24.3 billion valuation

Next week, insurgent ridesharing provider Lyft will commence its long-awaited initial public offering (IPO). An IPO marks the point when a company makes its shares available on a public stock exchange, and Lyft is releasing 32.

2019-3-29 01:42
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Uber’s $14 Billion Blunder – Not Buying Out Lyft When it Had the Chance

By CCN. com: As the headlines fill with talk of a mad dash for the Lyft IPO, Uber must be wondering why they didn’t crush their rival when they had the chance. It is not like these two companies came up together; Uber has always been more prominent and more global.

2019-3-29 21:15	Uber
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Uber acquires Careem for $3.1 billion to dominate ride-hailing in the Middle East

Uber has acquired Careem, a major player in the ride-hailing space across the Middle East, for $3. 1 billion in cash and convertible notes. The latter will continue to operate as an independent company.

2019-3-26 10:34
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Uber Splashes $3.1 Billion in First-Ever Acquisition of Dubai Rival Careem

Ride-sharing business Uber Technologies Inc. is set to ink a $3. 1 billion acquisition deal with Careem, a Dubai-based rival. According to the sources cited in a Bloomberg report, the US transport giant will pay $1.

2019-3-25 12:38	Uber
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Machine learning academics are flocking to tech giants and that might be a problem

The die is very much cast when it comes to the growth of machine learning. With the expansion of tech companies like Google, Amazon and Uber, artificial intelligence-based research and products is a growth industry that’s only just getting started.

2019-3-23 15:19	Tech
research learning machine patents products 2017 growth

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Breaking: Lyft Valued at $19.5 Billion, Set to Beat Uber to Stock Market IPO

Ride-hailing company and Uber competitor Lyft will go public with 30. 8 million shares at between $62 to $68 a pop. The announcement would value Lyft at $19. 46 billion at the upper end of the spectrum.

2019-3-18 14:10	Uber
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The $120 Billion Uber IPO & A Government Conspiracy to Stop It?

The US government and GM may have conspired against Uber to promote Lyft. As Uber feels the heat in the run-up to a would-be record-shattering $120 billion IPO, the ride-hailing tech giant will have to take on Lyft, a Mercedes-BMW alliance, and possibly the U.

2019-3-18 07:03	Uber
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Blackmoon Financial Group Launches A Product That Helps Users Participate In Lyft IPO

Ride-hailing giants Uber and Lyft are gearing up for their IPO race. Although the second favorites in that race, Lyft was valued at $15.1 billion on the private markets in its last funding round, is aiming for an Initial Public Offering (IPO) valuation of $20 billion to $25 billion in late March-early April. Blackmoon is […]

2019-3-18 22:58	News
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Uber-Killer Grab Prepares for War in Asia by Raising $1.5 Billion

The cash-grab brings the Singapore tech firm’s valuation up to $14 billion, according to press reports. Singapore-based ride-hailing firm Grab has packed its war chest with $1. 5 billion in fresh equity financing from Soft Bank’s Vision Fund this week.

2019-3-7 00:31
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5 Biggest Reasons to Choose Lyft IPO Over Uber in 2019

The big debate amongst IPO investors right now is whether they prefer Uber or Lyft. Both companies might appear to offer practically the same services, but when you get into the details things become less clear.

2019-3-2 05:59	Uber
uber lyft ipo reasons information biggest 2019

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Lyft IPO: Beating Uber to the Punch Absolutely Crucial to Fuel Growth

Lyft, the ride-hailing giant based in the U. S. , has officially filed its S-1 IPO registration and is set to be listed on the NASDAQ by April, before Uber. Early reports suggest Lyft is expected to secure over $100 million from the IPO and is forecasting a valuation of around $20 to $25 billion.

2019-3-2 20:38	Uber
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Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance?

Uber posted $1. 8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2. 2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.

2019-2-19 14:45	Uber
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Lyft Founders Conspire to Take Control of $7.5 Billion Uber Competitor

The founders of Lyft, John Zimmer and Logan Green, are working on a plan to retain control of the company after it goes public. They will do this by creating a special class of stock that gives the holders “super voting” rights.

2019-2-13 13:16
lyft control billion founders green take competitor

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Softbank Invests $1B into Startup Nuro While Uber and Lyft Get IPO Feedback from the SEC

CoinSpeaker Softbank Invests $1B into Startup Nuro While Uber and Lyft Get IPO Feedback from the SEC Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.

2019-2-12 13:34
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Why Uber’s Largest Investor Just Plowed Almost $1 Billion into Autonomous Vehicle Startup Nuro

SoftBank has a lot of faith in a startup called Nuro that wants to use autonomous vehicles to disrupt the grocery delivery space. Nuro just banked almost $1 billion from the multinational holding conglomerate to make that happen.

2019-2-12 02:25
billion vehicle nuro startup autonomous uber softbank

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How Uber Lite was engineered to thrive in emerging markets

Last June, Uber launched its ‘diet’ app –Uber Lite – in India, with a view to support users with older phones, and those who frequently face connectivity issues. The app is now available in more than 14 countries, in English, Portuguese, and Spanish.

2019-1-10 15:28	World
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Minting the Future of Cryptocurrencies - [BTC Media Sponsor]

In 2009, Bitcoin was ushered in as an alternative to fiat currency, promising to revolutionize the future of peer-to-peer spending. Since then, it has spawned scores of other cryptocurrencies with various value propositions and potential.

2018-10-22 17:11	Bitcoin
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Uber is reportedly looking to buy Deliveroo to dominate the delivery biz in Europe

Uber is said to be in preliminary talks to acquire London-headquartered food delivery company Deliveroo, reports Bloomberg. The firm is presently valued at over $2 billion, and Uber will likely have to cough up a fair bit more than that to snap it up.

2018-9-21 11:37	europe
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Bitmain Hits $15 Billion Valuation With Recent Backing From Uber's Largest Shareholder

Bitcoin mining firm Bitmain is now valued at $15 billion after closing a pre-IPO funding round with backing from tech giants Tencent and Softbank

2018-8-8 00:01	ipo
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Why this top CTO ditched Uber, Facebook for NFTs on Solana

Silicon Valley and big tech firms are increasingly losing talents and high-profile individuals to the greener pastures of the crypto industry. The post Why this top CTO ditched Uber, Facebook for NFTs on Solana appeared first on CryptoSlate.

Глава Uber подтвердил возможность приема криптовалют в будущем

Uber «определенно» будет принимать платежи в криптовалютах в будущем. Об этом заявил CEO компании Дара Хосровшахи в интервью Bloomberg. По его словам, в Uber постоянно ведутся разговоры на эту тему.

Ripple нанимает топ-менеджера Uber

Ветеран Uber CBO и Goldman Sachs Брукс Энтвистл присоединился к Ripple. Бывший главный коммерческий директор Uber Брукс Энтвистл присоединился к Ripple для масштабирования операций блокчейн-компании в регионе Юго-Восточной Азии.

Kraken CEO is Confident BTC Could Go Further than $1 Million

Kraken head Jesse Powell has made an unprecedented prediction that bitcoin could reach $1M in value. Powell on Bitcoin’s Future Potential The CEO, who is bullish on the world’s most known crypto, stated that BTC enthusiasts agree that digital assets will eventually replace fiat currencies.

Bitcoin Faces Rejection at $50k, Primed to Bounce Back

Leading cryptocurrency Bitcoin has achieved a significant milestone as it crossed the $50k mark for the first time today. The recent bullish run has been buoyed by a recent investment from institutions in February.

Uber CEO Says Company to Consider Crypto for Rides, Not Its Balance Sheet

The rideshare company will look into cryptocurrencies including bitcoin as a potential form of payment.

Uber Exec Denies Bitcoin Hush Money Charges

A spokesman for Joseph Sullivan has denied the charges the Uber exec faces for paying hackers $100K in Bitcoin to cover up a data breach.

2019-5-28 02:00

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