ride-hailing

Grab CEO: No IPO Until Business Shows Profits
Grab CEO: No IPO Until Business Shows Profits
November 15, 2019  |  South East Asia

Grab Chief Executive Officer (CEO) and Co-Founder Anthony Tan said the Southeast Asia ride-hailing platform will not launch an initial public offering (IPO) until the...

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Uber Eyes 2021 Profits, Uber Eats Notches 64 Pct Growth
Uber Eyes 2021 Profits, Uber Eats Notches 64 Pct Growth
November 05, 2019  |  Earnings

Growth, yes, but perhaps not enough, at first blush, at least for some observers. Get the Full Story Complete the form to unlock this article...

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Uber Nixes $40M Center In Colombia Over Regulatory Concerns
Uber Nixes $40M Center In Colombia Over Regulatory Concerns
October 31, 2019  |  Ridesharing

Uber is not going to build a $40 million safety and support center in Colombia after all, citing regulatory restrictions. Get the Full Story Complete...

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Lyft Looks To New App And Offerings To Gain Profitability
Lyft Looks To New App And Offerings To Gain Profitability
October 31, 2019  |  Earnings

Lyft is looking to new membership plans, new price points and even more scooter service to gain more traction in the ridesharing space and increase...

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Lyft Teams With Samsung To Offer Rewards For Galaxy Users
Lyft Teams With Samsung To Offer Rewards For Galaxy Users
October 29, 2019  |  Partnerships / Acquisitions

Samsung announced a partnership with Lyft on Tuesday (Oct. 29), where users can link their two accounts to earn points per dollar spent with the...

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Yandex.Taxi Making Moves Toward An IPO
Yandex.Taxi Making Moves Toward An IPO
October 29, 2019  |  IPO

A source has revealed that Yandex’s ride-hailing unit is in discussions about hiring Morgan Stanley and Goldman Sachs to manage its initial public offering (IPO)....

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Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
Even With Fair’s Job Cuts, Car-Sharing Keeps Racing Forward
October 28, 2019  |  Ridesharing

Every journey tends to have speedbumps, and that appears to be the case when it comes to the efforts to bring more digital commerce – and...

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Lyft Stock Pops On News Of Faster Path To Profitability
Lyft Stock Pops On News Of Faster Path To Profitability
October 23, 2019  |  Investments

Lyft said it would turn a profit by the end of 2021, one year earlier than expected. Bloomberg reported that the news pushed the ride-hailing...

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Uber To Focus On Emerging Markets On The Road To Profitability
Uber To Focus On Emerging Markets On The Road To Profitability
October 22, 2019  |  Ridesharing

Uber said it will focus on emerging markets in the next 10 years, although it is unsure when it will be profitable as a company....

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