Olivia Zaleski and Eric Newcomer, Bloomberg
Lyft's core focus was on growing in the U.S. while Uber jockeyed for global dominance. It didn't quite work out for Uber, and Lyft is now likely to beat it to the punch as a public company even though both are still losing money.
2 months ago
Frank Jordans, Associated Press
The app sounds like a good idea, but it remains to be seen whether all of the incumbent transit systems, with their vested interests, will hop along for the ride.
2 months ago
Youlim Lee, Bloomberg
With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.
3 months ago
Dennis Schaal, Skift
Expedia has dealt with a ton of distractions in recent years as it acquired Wotif, Travelocity, Orbitz Worldwide, and HomeAway, for example. CEO Mark Okerstrom wants to focus on the basics instead, and doesn't want to take bold steps into dining reservations or food delivery for now. On the other hand, Expedia is a very acquisitive company so never say never.
4 months ago
Dennis Schaal, Skift
Uber needs to shed its Saudi Arabia investment as long as Crown Prince Mohammed Bin Salman remains in power, and the country bombs innocents in Yemen. Uber's leaders know they have to do this, but how they dump their Saudi investment and the extent of the divorce remain to be seen.
5 months ago
Eric Newcomer, Bloomberg
It's sometimes lost in the Uber debate that the strongest companies in the world don't try to do everything at once on a global basis. The financial case for investing in a focused and nimble operation tends to be much stronger even if the headlines aren't as sexy.
5 months ago
Mark Bergen and Joshua Brustein, Bloomberg
Micro-mobility providers have a long way to go in terms of smooth functionality. Will scooters eventually suffer the same fate as the Segway?
5 months ago
Giles Turner and Elizabeth Fournier, Bloomberg
Lyft has beat Uber to the punch, filing confidentially for an initial public offering. It turns out Lyft's focus on the U.S. at the expense of explosive international growth may pay off. The company is still losing money, though, which could worry potential investors.
5 months ago
Eric Newcomer, Bloomberg
Uber wants to earn loyalty from its drivers by offering extra pay and free college. But the company also wants to treat its drivers as contractors, not employees. No wonder they jump ship when a better opportunity comes up.
6 months ago
Eric Newcomer, Bloomberg
The success or failure of Uber's upcoming IPO try will hinge on the merits of its core ridesharing business. Big bets are nice to have and can turn out to have enormous impact, but investors aren't usually known for their patience and long-term thinking.
6 months ago
Dennis Schaal, Skift
In initial public offering land, it's a long time until 2019. The markets are turbulent at the moment and there are big regulatory headaches that stubbornly persist, but investors are salivating at the prospect of dropping some money into Uber and/or Airbnb. These IPO plans could be very impactful.
6 months ago
Eric Newcomer, Bloomberg
Heavy-hitters from the Obama Administration have flocked to rising travel companies like Airbnb, Uber, and Lyft as they attempt to navigate the complex web of Washington politics and play ball with regulators.
7 months ago