Electric Scooter Startup Bird Acquires $275 Million in Funding, Hits $2.5 Billion Valuation
October 4th, 2019

The electric scooter start-up, Bird, has acquired $275 million in Series D funding round led by CDPQ and Sequoia Capital at a valuation of $2.5 billion with the company aiming to improve its unit economics.

Tesla Buys AI Startup DeepScale in Order to Build Self-Driving Robotaxis
October 2nd, 2019

Tesla is acquiring AI startup DeepScale. Forrest Iandola, DeepScale’s CEO, said on LinkedIn that he joined Tesla’s Autopilot team, which has lost many executives and engineers to companies like Nvidia, GM Cruise, Google, Lyft, and more.

There Are Many Requests from Interested Members, said Libra Association Director
September 13th, 2019

The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.

Voyage Pulls in $31 Million Funding Aimed at Deploying More Self-Driving Taxis
September 13th, 2019

Self-driving car company, Voyage, has pulled in additional funding in a Series B round. The CEO has said that the funds will be directed not only at increasing the company’s staff strength, but also the quality of its service.

Could Uber Soon Offer Loans to Its Drivers?
September 9th, 2019

Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”

Uber and Lyft Stocks Hit New Lows Amid Fears of California Bill
September 4th, 2019

California’s state Senate is set to vote on Assembly Bill 5 that, if passed, could be financially ruinous for Uber and Lyft, which stock is already experiencing hard times.

Lyft Stake Didn’t Help Rakuten’s Results This Quarter
August 10th, 2019

Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.

Despite Uber Posting Its Largest Quarterly Loss, Shares are Going Up
August 9th, 2019

Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019.

Lyft (LYFT) Q2 Results Better Than Expected But the Stock Price Is Still In the Red Post-IPO
August 8th, 2019

Lyft (LYFT) stock climbed 13% after hours but gave up early gains after the company announced share lock-ups would expire on August 19, 2019, rather than a previously scheduled date in September.

WeWork Wants to Go Public in September, Sooner than Expected
July 24th, 2019

WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year. The only bigger IPO would be the one of Uber.