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"Investors got really turned off," said Kathleen Smith, principal at Renaissance Capital. "I'll call it a buyer's strike."
The move is so that Gett can focus on "the corporate transportation sector, a market worth $1 trillion each year," Gett CEO Dave Waiser said.
Knightsbridge Private Partners claimed it had "pre-IPO shares" of companies like Uber and Lyft, but the DOJ alleges it never held any stock at all.
Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.
After Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
Lyft cofounders Logan Green and John Zimmer said that the company could be profitable as soon as the fourth quarter of 2021.
The man who runs the $100 billion SoftBank Vision Fund dismisses the idea that his firm values companies too high — even after Uber and WeWork h...
"Whether you buy [at] 10% more or less valuation, does it matter if we're looking for three times return?" Misra told the Nikkei Asian Review.
Both companies have lost major ground since going public, showing that investors are growing increasingly hesitant around money-losing firms.
"Lyft and Uber are now public, and Uber needs margin from US ride hail to support efforts internationally," and in restaurant delivery, wrote Jake Fuller of Guggenheim.
FAAUNG or FAANGU: Wall Street is ready to add Uber to the catchy acronym of well-loved tech stocks, but not everyone agrees where to put it.
Some Uber employees probably won’t see the huge payday they were dreaming about after the company’s wildly anticipated IPO
Bloomberg's Shira Ovide wrote that Uber was valued at about $49 a share in mid-2016. The company priced its IPO shares at $45 and opened at $42.