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‘We have never seen a deal like this in our 34-year career’: Uber’s massive bond offering shrugged off a gloomy stock market and has...

Uber quietly raised $2 billion through a secretive bond offering last week in which it had to turn money down.
Dara Khosrowshahi, CEO of Uber, speaks at the 2018 NOAH conference in Berlin.

Uber raised $2 billion in its first-ever bond-offering — and the entire deal was done in near secrecy

A Morgan Stanley banker who moonlights as an Uber driver could be the company’s secret weapon in buddying up to banks — and keeping its dealings private.

Uber may spin off its self-driving car unit as it races to go public: report

Both Uber and Lyft are locked in a de-facto arms race towards 2019 public offerings. The Wall Street Journal on Thursday reported that Uber’s valuation could top $120 billion next year, more than the top three automakers — Ford, GM, and Fiat Chrysler — combined.
Lyft Co-founder, John Zimmer attends the Lyft driver rally at Siren Studios on January 27, 2015 in Hollywood, California.

Lyft reportedly taps Wall Street banks for an IPO

The ride-hailing company has selected JPMorgan to underwrite its initial public offering, with assistance from Credit Suisse and Jefferies, The Wall Street Journal reported Tuesday.

Toppled scooters, sidewalk riding, and illegal parking: Electric scooters have returned to San Francisco after being banned

The launch of a yearlong pilot program called to mind previous complaints of residents knocking over scooters, parking illegally, and riding on sidewalks instead of bike lanes.

Google’s Waze is challenging Lyft and Uber with a new feature that enables people to share rides and split gas money

Waze Carpool will let users find rides from drivers headed in the same direction. Waze has already partnered with a bunch of schools and workplaces, including Amazon, to get people to use its new feature.
On average, Uber and other ride-hailing drivers are earning less money that they were five years ago, according to a new study.

The gig economy pays just $828 a month — here’s why driving for Uber is no substitute for a full-time job

A new study by the JP Morgan Chase Institute indicates that the gig economy isn't paying off for most participants.

The Lyft app will now tell you the fastest way to get anywhere — even if it means taking public transit instead of a Lyft ride

Lyft is partnering with a company called Trafi to give riders more flexibility in their route, such as taking the subway or bus along with a Lyft ride — which could result in a more affordable trip.
Electric scooters are taking over San Francisco.

Uber and Lyft just got locked out of one of the most important new businesses by San Francisco officials

San Francisco has selected two companies — Scoot and Skip — to operate dockless scooters as part of a one-year pilot program.

Lyft is offering a 50% off promotion on rides to the polls for this year’s midterms, and some are even eligible for a free ride

Lyft is offering a 50% off promotion on all rides to the polls on Election Day in November — and some riders will even be eligible for an entirely free trip.