Eric Newcomer
Stories by Eric Newcomer
Jaguar invests in Lyft, forges self-driving and car rental partnerships
The investment shows automakers are hedging their bets in the competitive ride-hailing market.
Uber, lifting financial veil, says sales growth outpaces losses
Uber's net revenue for 2016 $6.5, while adjusted net losses were $2.8b.
KKR among Lyft investors at $7.5b valuation for startup
Baillie Gifford, AllianceBernstein LP and PSP Investments joined the round.
Lyft said to raise $500m in new round, valuing ride-share firm at $7.5b
The funding round isn’t concluded and could expand further.
Uber President Jones quits amid turmoil and search for COO
This comes amid many controversies engulfing the firm.
Uber CEO says too early for IPO ‘prom’ as ride app unicorn is still ‘an early high schooler’
The prom metaphor is close to running out of cushion. Yet, Kalanick remains mum on the company's plans for an initial public offering, while its mega-
Uber loses at least $1.2b in first half of 2016
Even in the U.S., where Uber had turned a profit during its first quarter, the company was once again losing money.
Uber said to tell backers it won’t pay above $2b for rival ride-hailing app Lyft
Lyft has been working with Qatalyst Partners to solicit interest from potential acquirers. In addition to Uber and GM, Lyft held informal talks with A
