Eric Newcomer
Stories by Eric Newcomer
Uber CEO puts growth above profit, taps new businesses
Khosrowshahi is searching for new businesses. In the last few months, Uber bought a startup that rents electric bicycles, invested in another one that
Otto’s Lior Ron returns to Uber to head ride-hailing giant’s freight division
Ron is returning to Uber following a months-long, behind-the-scenes negotiation to rework the terms of Uber’s deal to acquire Otto Trucking.
Uber appoints ex-Northrop CEO as chairman after yearlong hunt
The ride-hailing company still has three independent board vacancies, along with two other board seats that are being held for representatives of Soft
Uber’s Khosrowshahi says being profitable not critical to IPO plans
The Uber CEO said he was more focused on generating positive cash flow than making the company profitable according to generally accepted accounting p
Uber in talks with Careem to merge in Middle East
In its discussions with Careem, Uber has reportedly said that it would need to own more than half of the combined company, if not buy Careem outright.
Lyft forays into bike-sharing with Motivate acquisition
The acquisition thrusts Lyft into a growing battle over short-distance ground transportation in the U.S. In April, Uber bought Jump Bikes, an electric
Bird CEO explains why the scooter startup needed $300m to rev up growth
The company, which rents scooters out via a mobile application, has already launched in 15 cities and plans to add seven more in as many days. The com
Ride-hailing firm Lyft raises $600m funding at $15b valuation
The new funding round was led by existing backer Fidelity Management, which becomes the largest investor in Lyft.
Chinese delivery giant Meituan said to plan $6b HK IPO filing this month
Meituan was most recently valued at $30 billion, making it the world’s fourth most valuable startup, according to CB Insights.
Andreessen Horowitz, Sequoia score big with GitHub’s sale to Microsoft
Andreessen Horowitz could make nearly $1 billion off its investment in GitHub.
