Lyft has finally gone public. After a hot debut, its stock price has begun sinking. What’s the deal?
By Hamilton Nolan (Splinter News) When a company goes public, though, there are lots of bothersome reporting requirements and big investors who want to see annoying things like “profits,” and all the early VC guys have already waltzed off with their money, and suddenly things can get very grim. Which brings us to the famous […]
A tentative settlement to pay out 11 cents for every mile driven for Uber (including adjacent services like Uber Eats) to drivers who have been in individual arbitration with the company over their employment classification.
By Ingrid Lunden (TechCrunch) Uber is reportedly on track to go public in the first quarter next year, and in the lead up to that, it’s sewing up some loose ends. TechCrunch has learned that Uber has offered a tentative settlement to pay out 11 cents for every mile driven for Uber (including adjacent services like […]