Eric Newcomer
Stories by Eric Newcomer
Uber freezes hiring of US tech staff, seeks to cut costs
The San Francisco-based company has put a pause on hiring new software engineers and product managers.
Uber stock tumbles after $5.2b loss, sales miss estimates
Adjusted revenue in the second quarter increased 12% from a year earlier, the slowest rate in the company’s history.
Uber’s rocky trading debut ends with market cap below $70b
Uber last raised money from Toyota in August at a valuation of $76 billion.
Uber raises $8.1b in IPO after pricing shares near bottom of range
The pricing values Uber at about $82 billion, a considerable climb down from earlier projections of as much as $120 billion.
Uber could end up with market value much lower than initial expectations
While the listing is still expected to be the largest in the biggest year for tech IPOs since 2014, it’s unlikely to hit the highs that were first e
Uber said to aim for IPO valuation of up to $90b
At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. invested at a valuatio
Uber IPO filing shows $10b in operating losses since 2016
Uber Technologies Inc. filed for an initial public offering, starting the clock on what’s expected to be the biggest U.S. listing this year.
Lyft’s tumbling stock is a worrying sign for other IPO-bound unicorns
The IPO has become a test case, not just for rival Uber but for a glut of highly valued startups like Pinterest, Postmates and Slack Technologies.
Lyft soars in trading debut after raising $2.34b in IPO
The stock’s early performance served as a litmus test for public market investors and their appetite for money-losing tech companies.
Uber said to pick New York Stock Exchange for 2019 IPO
By selecting the iconic trading floor in the heart of Wall Street, Uber is diverging from rival Lyft Inc., which chose Nasdaq for listing.
